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The New Thoroughbred Owner - Handbook is a practical guide intended to help the newcomer make smart business decisions and enjoy the sport to the fullest. Owning Thoroughbred racehorses can have tremendous rewards, both emotionally and financially, but ownership also can be a costly mistake for those who have not done their homework or have unrealistic expectations. This official handbook of the Thoroughbred Owners and Breeders Association discusses getting started in racing, purchase options, operating costs, and medication and legal issues. Newcomers are provided with resource lists and information on state incentive programs and licensing requirements. The handbook also includes a glossary of racing terms.