You can expect to pay anything from $2,500 – $15,000 for a well-bred greyhound pup, depending on its breeding, but it’s not necessarily a case of the more you spend the greater your chances of finding a champion.
On top of your initial outlay, you can expect to spend around $5,000 in expenses getting your greyhound to the racetrack.
Below is a reasonable estimation of the breakdown of expenses:
3 months: Buy pup (approximate minimum $2,500)
3 to 14 months: Rearing @ $60 per week for 48 weeks ($2,880)
16 to 17 months: Spelling @ $60 per week for 8 weeks ($480)
18-20 months: Pre-training @ $100 per week for 12 weeks ($1,200)
Estimate total: $7,060
One of the real pluses for greyhound ownership is that once your greyhound is racing there are usually no trainers fees.
Most trainers in Victoria operate on a 50/50 deal, where they cover all expenses (food, blood tests, trials, vet and chiropractic visits) for half of any prize money your greyhound makes.