![]() Race entry fees also cost anywhere from $2 to $15, which is even less than what it costs to enter real-life races. While that is a large amount of money, it’s typically still significantly less than what a real-life horse would cost. You can purchase and sell digital horses in ZED Run for about $130, but some exclusive horses cost more than $45,000. Furthermore, you can earn a profit from selling your racehorses to other collectors and investors.Ĭosts are significantly decreased, if not completely eliminated in NFT horse racing. In addition to purchasing various types of racehorses, you can also breed different horses. NFT horse racing allows you to buy digital racehorses as NFTs on the blockchain and race them against other NFT horses for real money. There also are travel fees to consider since you will likely have to transport your horse to races. The fee to enter a race is usually about $3,000, but it can cost as much as $50,000. Training a racehorse is a serious time commitment, and the amount of training the horse receives directly affects their performance level and how much you may earn racing your horse. It’s also crucial for racehorse trainers to build a bond with their horses, primarily through grooming and riding. This means training them daily, sometimes multiple times a day. Racehorses need to be trained constantly for speed and endurance. Furthermore, it takes a considerable amount of time to properly train and care for a racehorse. You can purchase a racehorse that has already been bred and trained, but they cost at least $76,000 for one horse. The average total cost of raising a horse is about $3,876, and the cost only increases with the more horses you want to raise for racing.
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