First, there is the price of pigeons. Though some birds cost as little as NT$1,000, at least 15 pigeons are needed to participate in a registered association's race. Top breeding pigeons fetch upwards of NT$50,000, with the most expensive birds coming from Belgium, Holland and England. The most expensive racing pigeon ever bought was Invincible Spirit bought by Louella Pigeon in 1992 for ?110,000 (NT$6.7 million).
"If you keep losing you have to buy pigeons from abroad," Du said.
For that, people can turn to weighty weekly and monthly publications filled with catalogues of local and international birds and which provide full breakdowns on their breeding histories, weights, racing statistics, plus streams of advertising from the pigeon-rearing supplies industry.
On top of this are the association registration fees and race ring fees. Associations will often make interest on the fees and take 5 percent of winnings to cover rent and utilities and pay a full-time official and a secretary. Other overhead includes boat-operation fees, transportation, drugs and veterinary bills.
Living in the city
In cities, pigeon lofts are banned near airports and in densely populated residential areas. The restrictions have forced many owners to pool their pigeons in one loft and pay a manager to save money and improve conditions. The fee paid to the loft manager sometimes includes a percentage of the winnings, therefore providing an incentive to take better care of the birds.
"Some of the young guys are in it for the lottery money, it's true. But they know it's a long shot," pigeon loft owner Wu said.
Despite the low odds, there is no lack of avid pigeon-racing fans willing to take their shot.
Currently, pigeon racing in Taiwan is unique for its financial reward, the devotion of its financiers and the innovative ways of increasing the speed and endurance of its flocks.
There isn't an international championship for pigeon racing, but if there were, Taiwan would almost certainly be the gold-medal winner.



