How to own a racehorse: Equine economics

Updated 0956 GMT (1756 HKT) February 28, 2019

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Boasting the world's first five-star trackside hotel, restaurants and a museum, Dubai's Meydan Racecourse is a first-class racing destination.

Photos: 10 of the most picturesque racecourses

Meydan Racecourse, Dubai – Boasting the world's first five-star trackside hotel, restaurants and a museum, Dubai's Meydan Racecourse is a first-class racing destination.

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St. Moritz is known for world-class skiing, glitz, glamor and...horse racing? The venue for the White Turf event, held three days a year, isn't your typical racecourse. Instead, it's held on a frozen lake.

Photos: 10 of the most picturesque racecourses

St. Moritz, Switzerland – St. Moritz is known for world-class skiing, glitz, glamor and...horse racing? The venue for the White Turf event, held three days a year, isn't your typical racecourse. Instead, it's held on a frozen lake.

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Flemington is Australia's oldest metropolitan racecourse and home to the famous Melbourne Cup. The revamped venue was first used in 1840 when the town of Melbourne was just five years old.

Photos: 10 of the most picturesque racecourses

Flemington Racecourse, Australia – Flemington is Australia's oldest metropolitan racecourse and home to the famous Melbourne Cup. The revamped venue was first used in 1840 when the town of Melbourne was just five years old.

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Simply put, there is no racecourse in the world quite like the Piazza del Campo in Italy. Its origins date back to medieval times when jockeys rode buffalo. The piazza is packed with spectators with racing around the outside.

Photos: 10 of the most picturesque racecourses

Piazza del Campo, Italy – Simply put, there is no racecourse in the world quite like the Piazza del Campo in Italy. Its origins date back to medieval times when jockeys rode buffalo. The piazza is packed with spectators with racing around the outside.

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Happy Valley Racecourse was built in 1845 to provide horse racing for expat Britons living in Hong Kong. It's surrounded by giant apartments and skyscrapers -- giving visitors an unusually beautiful scenic view.

Photos: 10 of the most picturesque racecourses

Happy Valley, Hong Kong – Happy Valley Racecourse was built in 1845 to provide horse racing for expat Britons living in Hong Kong. It's surrounded by giant apartments and skyscrapers -- giving visitors an unusually beautiful scenic view.

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Just the name "Ascot" conjures visions of royalty, elegance, high fashion and world-class racing. The racecourse was opened in 1711 by Queen Anne, and Royal Ascot is still one of the most celebrated meetings on the calendar.

Photos: 10 of the most picturesque racecourses

Ascot, England – Just the name "Ascot" conjures visions of royalty, elegance, high fashion and world-class racing. The racecourse was opened in 1711 by Queen Anne, and Royal Ascot is still one of the most celebrated meetings on the calendar.

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Spectacular and timeless, historic Chantilly sits in front of the 16th-century Chateau de Chantilly and the majestic Great Stables (pictured) amid forests 30 miles north of Paris.

Photos: 10 of the most picturesque racecourses