Have contacted MRH 3 times. Helpful Share Aug 7, 2018 What I didn't think through enough before I made my investment switchover to MYRACEHORSE is something that should have been a front and center consideration in my thinking and that is good customer service, or lack thereof. Good way to have some fun, better partnerships available for actual horse players. I have a micro share in 5 horses and understand that it is a "micro" share. Love it MyRacehorse should be viewed like losing money at the casino. I have seven fractional ownership in horses through MyRacehorse and a little disappointed in the fact that most, aside from PowerUp Paytner haven't raced. Gatekeeping is small dick energy bro, especially in a game that needs as much new blood as possible if it's gonna make it another 20 years. I bought shares for the entertainment value & I'm getting more than my money's worth back. To buy into her you pay $179 per share which gives you 0.05% of here which means 100% is 2000 of these shares. Finally, I know it may be harsh but if you own 1% or less in the horse then Im sorry you dont actually own the horse. Live and learn. MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. For Maidens, Four Years Old And Upward. Check your inbox for a special welcome gift! Be happy the sport is getting attention from elsewhere. (no matter how small of the role you play really is) I'm totally fine with that and it brings money into the industry. The horse's well-being will always be our primary priority, on and off the track. Get started today. How does my racehorse work? My horse Chasing Time runs in the Rebel stakes tomorrow (Feb 26th, 2022). If you want to throw away your money then this is the place for you! With another good year of racing, there should be a few more that add to that bunch. There are loads of great syndicates out there made up of 10 or so people who give you great value for money and give you a first hand experience of really being an owner. I own one micro-share in 8 different horses. one of Dortmunds last crop of foals. Fast Deposits and Cashouts! In the past our bundles have included Graded Stakes winners including Moonlight d'Oro and Sixtythreecaliber, and multiple stakes winner Provocateur which have helped offset the inevitable horses who won't make the races, underperform to expectations, etc. These badges provide access to special race day privileges, including the backside, paddock, special seating and if lucky enough, the winners circle. Agree with everything you say. 4. The Keeneland and Farm Tours are owner favorites! They dont get to do anything as an owner besides tell people theyre an owner. Featured dangers from annoying pop-ups to hidden Trojans, that can steal your identity, will be revealed. Press question mark to learn the rest of the keyboard shortcuts. before paying out cash. (All Weather Track) Here's to keeping the momentum going! I want to sell my shares but there doesn't seem to be a provision for it! Aug 7, 2018 Britt Recommended this product Review of My Race Horse They put on upscale events and you can own a share of a beautiful Racehorse for as little as $100. Based on this, Justuseapp Legitimacy Score for MyRacehorse Is 52.2/100.. Is MyRacehorse not working? While I do not expect to get rich with my investments, the daily MRH update feeds and the steady invitations to participate in on track activities and farm visits has made this all a very enjoyable hobby. That's crazy. Be safe from hackers and unwanted bills. The Mathew Ellerton and Simon Zahra-trained Everything Nice will be one of the first runners of the concept, which was developed by Victorian breeder Spendthrift Farm. Here's some photos of some of my favorite horses I have and winners. Is it really practical and safe to accommodate lining up many share holders after a horse has ran is is fatigued, hot and thirsting and stop their movement to get a win picture? MyRacehorse is a company with a deliciously ironic name, for no one who buys any of their shares in a yearling they are actually units in a speculative investment trust, not shares has their own horse at all, they share a unit in it with thousands of others. I knew the purchases would not yield any sort of ROI, but purchased for the love of the sport and personal interest in racing. I don't believe these guys invest in it for profit at all but more for the fun of watching a horse you're part of potentially win the KY Derby. Kept from racing for "mental issues," and when he went back managed 8th place out of 8. The only reason I'm not giving MyRacehorse a single star is because I went to one of their events and we had a very nice time. Six And One Half Furlongs. These fees are essentially for training and training related expenses, and are being calculated on a rate of $80 000 per year for a full 100% share in the horse. Invest a modest amount (or more) in the race horse prospects offered. I think it's fine if you understand the negative aspects of the program: The horse is marked up at an incredibly high rate to guarantee large profits to those running the syndicate. 20 percent of your money is being paid to the promoters as a management fee. Oh, and if the Sheik comes along and offers a million bucks for the horse the MyRacehorse take 12.5% of it too. I have been involved with other horse racing partnerships and this one is the best, by far. Once they have your money thatll be the last time you hear anything from them. My racehorse isnt in it to make vast amounts of money. From the moment I got my first share it has been an E Ticket Ride. I don't really count got stormy and monomoy Girl cause my racehorse bought into them really late. Ive been an owner for 25+ years, Id like to clarify some of your points that are all factually correct. MRH has improved in all areas. MyRacehorse success stories So I saw a commercial for the the site and it had me curious. For the money you pay I dont really understand what you get in return. This is the only micro share partnership for me in the future. Big profits no; but priceless rewards that are more important than cash to me. To keep my fathers memory alive since he called me mustang. I was totally embarrassed! Search. "It was unbelievable," Behrens said. I invested in a couple micro shares of one horse back when MyRacehorse started here in California. Loans from management is within th e contract. With our model, we have been increasing cash reserves with recent offerings to give us more and more optionality, and that will help, but it will not change the fact that many of our horses will need to either be sold for breeding, retired, or entered into a claiming race. So are the claimed prepaid expenses of $68 out of each $165 unit share. Hey Mimi, You're a terrific racing ambassador. This is not legitimate and you will not actually own anything. Yes. I'm an owner who loves watching my thoroughbreds racing at the top of their game. Start Saving with Free Coupons Delivered Daily. The approximated value of myracehorse.com is 14,400 USD. MRH is a scam! (all numbers are approximate) MyRacehorse is a company with a deliciously ironic name, for no one who buys any of their shares in a yearling - they are actually units in a speculative investment trust, not shares - has their own horse at all, they share a unit in it with thousands of others. Early morning the last day I was going to be at the track I called MYRACEHORSE and requested that a representative make arrangements for me to visit one of the horses I own with MYRACEHORSE in her barn. While making a profit in the industry is very difficult, it is possible. Best of racing luck in 2023! The company is sold out of shares in any horse, according to its website, but it plans to offer more in the future. It's a very good system - when the horses win, there's a payout. Of course they have to cover the reserves (food, entry fees, etc.) Because the suckers real share of the whole horse is just 0.008%. Browse available horses from top share in a top racehorse for as little as $100. Claim your listing for free to respond to reviews, update your profile and manage your listing. Let's just take the first offering on the front page. You as the unit holder pay the whole whack after that. Welcome to the MyRacehorse Australia Owners Group. War Safe is on target to make a start at Turfway Park on Thursday, January 19th! I didn't want to post anything to come off as a "debby downer" here plus it's not like this sub is filled with any other content. "It's equity-based.May 2, 2019 Can you make money with MyRacehorse? You are paying $68 every year after that for every year it races on. So are the claimed prepaid expenses of $68 out of each $165 unit share. Paddocks are dangerous places. CHAOS RATINGS, OAKLAWN, JAN 15, RACES 6 THRU 9, Press J to jump to the feed. Best of racing luck in 2023! It is probably a fun and exciting way for those that have always dreamed of being involved in horse racing, but from the perspective of having owned, trained being involved with these Magnificent Equine Athletes, this is lack luster and almost impossible to get a ROI. The offering on Myracehorse's website spelled it out quite simply: Valuation Current Horse Value - $15,153,750 MRH Stake: 12.5% or $1,894,218.75 Offering Total Offering - $2,575,000 Share Price - $206 Total Shares - 12500 So where does your other $103 go? For additional commentary, follow us on twitter @jsiegelracing. 01% of a share is exactly that. Just blindly bought into this dream of owning a fraction! I own large percentages with other syndicates and breeder/trainers but mixing in several micro shares gives any race fan the ultimate experience. You also receive a bunch of video updates of the horse - workouts, feeding, resting, etc. Ive owned 5000 claimers that I am more proud of winning under my name, getting my picture taken in the winner circle than having a winner at DEL MAR where my name is nowhere to be included. She goes to the tracks with me and its a memory I will treasure. This whole thing is a rort, a scam, and a con. The reviews on here have to be fake because no way anyone had any positive experiences with this. Prepaid Expenses: $68 I have been on cloud 9 since I made the purchase. Mrh is who profits but if you like this experience it's up to you. I just think its terrible value for money for newcomers to be starting out. Bills can be upwards of a $1000 a month and can be higher. MyRacehorse are trying to sell a 40% share in it for $330 000. Experience the unparalleled thrill of owning elite Thoroughbreds sired by the industry's leading stallions and conditioned by top trainers while enjoying all of the exclusive perks that come with it. It doesnt bring money into the industry. Now in the OBS April 2021 Sale she was sold to myracehorse.com for $140,000 358,000-140,000 ==== 218,000, 2. You will not own a horse or even be treated as such. Secure Shopping Free Shipping! And I've bought tons since. You have to read the fine print to get the real picture. Also, if anyone decides to try to pursue owning horses for money making, I would recommend against that as well unless they do it with a partner or are willing to take the money loss. myracehorse.com is hosted by AMAZON-02 - Amazon.com, Inc., US. They say that they are only charging you $62 for the value of the horse. There is alot of gatekeeping with the sport of horseracing. In a way my dad lives on through my horses everyday. Authentic's stud fee was 75,000 and revenue for MRH was 1.6 million dollars and now they decided it's up to share holders to pay the debt back and liable for things that were previously said no additional cost. "It's price point accessible, so come in for whatever you want. I didn't do it to make any money, I did it because from the time I was a little girl, I dreamed of one day owning a racehorse. I bought a few shares of a horse (Collusion Illusion) last year. When you add MyRunners 7.5% to the trainers 10%, the jockeys 5%, the 2% animal welfare levy, and the 1% that goes to the jockeys insurance scheme, it means that more than a quarter of any money that the horse picks up on the track disappears before the owners ever see it, almost a third going straight into the promoters pockets. A total of 5,100 microshares of Got Stormy will sell for $45 for a 0.01% share. After a few years of getting my feet wet in the racehorse ownership business with a couple of "traditional" style syndicates where a relatively small group of owners (e, g., 20) purchase ownership percentages in a certain racehorse partnership (typically a minimum of 3-5%), and then are also responsible for paying their respective ownership share(s) of future upkeep and maintenance expenses, administered on a monthly or quarterly basis, I invested tens of thousands of dollars of my retirement nest egg in horses being offered by MYRACEHORSE. I also agree on anyone who calls themselves an "owner." Report Issue. It'll be the only one trying. The most common mark of a scam ad is a trailer or horse priced far below market value. Allows you to own a horse and pass this family event throughout generations. To find more information about reviews and trust on Sitejabber.com please visit, Backed by the National Science Foundation, I can think of a million ways to better spend your money, Exciting, Informative, Great Communication. Look, I'm a grad student who is really into horse racing. Opportunity to own part of a Racehorse that has Tremendous Potential to be Great. That's just the start of the shake, the intro to the grift. and our MyRacehorse is a major alternative investing store that markets products and services at myracehorse.com. Not one person I know of has made a profit. I've purchased shares in a bunch of horses via MyRaceHorse.com. As you see in the picture at the top, MyRacehorse is offering what they claim to 0.2% shares in this Extreme Choice filly for $165, all expenses included. This is their payout for a horse that's a major, top money maker. Read up and take head of what I have written. You are strongly advised to consult your legal, tax and financial advisors before investing. Talk about a huge loss. Everything is spelled out prior and after your investment. And so much fun! Looking forward to the future with MRH. This bundle certainly has had a tough go of it but is a microcosm of what one faces as an owner in this tough but rewarding business. Privacy Policy. <p>Hi Owners,</p><p></p><p>Your colt arrived in Australia safe and sound late on Saturday Night and all is well with your boy, he travelled over perfectly. On the other hand, if the horse doesn't win at al (or does poorly)l, MyRaceHorse does *not* come back for more money - you'll never have to put up money beyond your initial share purchase. Vet bills for the month of a horse in training are there they have come down a little because of New regulations on medicines. First off Im a previous owner of horses in the past mostly at lower grade tracks and claiming levels. myracehorse.com: Read Pros, Cons,Reviews and More MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. 1. Three quality prospects tailor made for one of the industry's best trainers, Chad Brown. I really like the MyRaceHorse business model that covers racing and training expenses through winnings deductions rather than quarterly expense charges. Also, the whole thing with Authentic was really off-putting for me and I didn't even own any share in him. I love all my horses. On top of that, our NW1, NW2, and NW3 are highly competitive, and the vast majority of horses bred in the United States never achieve a speed figure that would allow them to work through those conditions successfully, so what happens instead, they are most often entered into the claiming races to be competitive. Which means that if like Winx it races until its 7-year-old season you have to pay another $204. I already have found myself in the paddock with one of my horses, along with his hall of fame trainer and jockey who were open and friendly. I grew up as a kid running around Delta Downs. The victory gave 5,314 people unprecedented and legitimate bragging rights to owning a Kentucky Derby . Maybe start off slow and go from there. None of the my racehorse horses have yet to turn a profit. MyRacehorse are trying to sell a 40% share in it for $330 000. Allow me to illustrate this with a simple example. It was no hidden secret. What did the micro share " partners " make? To claim your App. The MRH marketplace connects buyers and IN 3 WEEKS THEY SENT 3 OF MY RECIPIENTS DEAD FROZEN TINY BOUQUETS calgary . But a way to bring people into the sport, which it needs WAY more than better value propositions. In 8 races now Hero Status has never been passed in the stretch and just gets stronger as the distance gets longer. At this rate it will take YEARS to show a profit. Browse available horses from top ownership groups and top trainers. It is just a news feed with no menu. MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. I made back about a third of what I paid for her share. Possibly you may break even. Its an awesome app! Its a scam to give people the illusion they own a horse while getting rid of the risk the real owner takes on buying a horse at auction. Watching them win is pure joy. MyRacehorse is an ownership platform that makes it possible for anyone to own a It brings money into Spendthrift Farm, one of the biggest commercial breeders in the game. Using your Justuseapp card, signup for unlimited subscriptions and free trials without worry. Prevention Platform. I own mini shares in six at a total cash outlay of less than $1,000. Purse $25,000. For example, my investment in three horses, which was $450 total, earned winnings of $40. I have shares in Kanthari and Hero Status---could not be happier---Had shares in Collusion Illusion and he decided after a while that he didn't want to race anymore---Never thought that it was My Racehorse fault--I know the enjoyment of owning a horse can't be beat--Some of the negative reviews are from people that will never be happy--don't let it bother you-. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Divide it between the 2000 unit holders in the horse and you get $300 each. I can say for myself and all the MyRaceHorse customers that purchased shares in Going to Vegas are some of the happiest fans at the moment. MRH owns 60 percent ($120,000) of the horse, and investors quickly learn about the. View filinghere. How the hell can a company that doesnt own a horse take 1/8th of the sale price if its sold? Create a free account to receive new Our team strives to deliver a wonderful experience and we are so grateful to all of our partners who are part of our amazing community. Not legitimate and you will not actually own anything. Same thing for fillies, we'll sell them at public auction where MRH owners receive their share of the final sales price. I like that the app is easy to use, their upfront about how it works and they make it easy to buy a share. IS Going to Vegas And Justify the only two that have returned a positive return? MyRacehorse are skimming an additional 30-40% off the top. I have been a part of a few syndicates where I own anywhere between 0.5% and 20% of a horse and I think only a handful of times I have come out ahead. 3. Lotto style perks + no bang for your buck, IF YOU ARE LOOKING FOR GOOD CUSTOMER SERVICE LOOK ELSEWHERE, I love all 28 of my horses. Trainer fees at high mid to top Tracks at $100 to 200 a day the higher end of that you are paying not for expense but celebrity. You'll fell more apart of the sport by just placing a few bets. Here is an example. We have our traditional allowance conditions of Non-winners of 1,2, and 3 races and then its stakes or claiming. That amount is actually correct for a 1/2000th share of 40%. MyRacehorse offers the excitement of racehorse ownership to any casual fan by way of fractional shares; in most cases, under 200. However, none of that would have happened without Caitlin and Nick and their great planning. The Ocala Breeders' Sales grounds (OBS) is . So I cant wait to see where Hero Status goes next, Im glad he finally got the extra distance, he really seemed to appreciate it. MyRacehorse has over 100 horses in training in America and over 50,000 registered users. When things like boarding, trainer costs, vet, feed, vanning, etc. Omg thank you! With this, my only complaint is the lack of races for the horses purchased. Prepaid Expenses:$74 - Includes 2 Years Prepaid Training, Admin and Mortality InsuranceManagement Fee. We Owned for 2 months never ran a race. It also has the potential to attract new owners at all different levels by giving them a taste of what its like to participate in racing. Unlikely you will ever make money. Why? We can promise to continue assessing, listening, and optimizing to maximize the ownership experience. I have owned racehorses for over 50 years. Playmates Pre-School For 2-5 year olds in Thatcham, Berks. She has since had 15 starts after leaving MRH ownership. Claiming Price $15,000, For Each $2,500 To $10,000 1 lb. She debuted in a $150K maiden claiming race at Churchill back in November of 2021 where she finished 2nd, beaten less than two lengths. See the list of other websites hosted by AMAZON-02 - Amazon.com, Inc., US. What I really liked was the updates and especially how it felt when I watched her race, even when she lost. Ponce motors Deceptive car sales Austin Texas . My racehorse completely overvalues the microshares in horses where the investors is covering all the costs and has barely any upside. MyRacehorse is very safe to use. The educational pieces and updates are first class. Ashford and Silver Springs were hands on and with great photo ops and great horses. Hi Derek, we loved reading your comments and thank you for being a continued supporter of MRH. Very unlikely to profit - but will get a chunk of my money back plus countless hours of following and watching the horses I invested in. You get a "microshare" level of the horse owner's experience. MyRaceHorse a new app that lets fans purchase minority stakes in horses as easily as they can buy a beer and hot dog at their local track is angling to "democratize" the snooty business of horse ownership, says co-founder Michael Behrens. The events, the winners circle experience, champagne in the owners lounge, barn tours and the great friends we have made. I mean I know no one is going to get rich with 0.01% ownership. . Great tours of Spendthrift , It gets better, or worse as the case may be. Horse Racing Betting. Hi all, I dont post often in this sub but Ive seen a lot of talk recently here about my racehorse and its ownership model and I havent to say its probably financially one of the worst ways to get into ownership. Their aim is to make racehorse ownership available to any casual fan by way of fractional shares. If you are a MyRacehorse customer and are running into a problem, Justuseapp might not be the fastest and most effective way for you to solve the problem but at least you can warn others off using MyRacehorse. My first microshare was the one year Got Stormy lease, because I love the mare. They say that they are only charging you $62 for the value of the horse. Arlington Park (until CDI ruined Illinois racing ). We hope you'll reconsider the ownership experience moving forward and would be happy to talk with you in further detail to help you achieve your ownership goals and experiences. For more information, please see our Horses are entered into a suitable race when they are fit and healthy. MyRacehorse ranks 2nd among Horseback Riding sites. This is based on our NLP (Natural language processing) analysis of over 65 User Reviews sourced from the Appstore and the appstore cumulative rating of 4.0/5 . The ad has an invalid phone number, or one that goes to a fax machine or other business. One of their top horses finished third in a $ 300,000 race. MyRacehorse ranks 3rd among Horseback Riding sites. I realize the the Pandemic may have impacted the sport and the progression of horses but this is ridiculous since most of the horses are turning four (4) years old. Like Mike Smith said after the race, he sure has a ton of stamina and heart. I would suggest doing more research and looking to spend money somewhere else if you want to get into the horseracing game. About. This is completely ludicrous and a scam after sitting on our monies for two years and not paying a single penny to shareholders. The reality is that this is one of the most challenging dynamics our team must navigate; balancing the desire to keep our horses in the stable so the owners can enjoy and race them and also knowing when to make them available in claiming races or even a sale/auction. What they are really offering the come in spinners is 0.02% of a 40% share in the horse. Enjoy the full #MyRacehorse weekend recap: bit.ly/3FF78M3 Stonestreet and 2 others 2 15 MyRacehorse Your horse will earn a purse percentage. Everything is spelled out prior and after your investment. No trainer charges $80 000 a year. Which will forever be written in the books. The yearling in question was sold just three months ago through the Magic Millions sale ring. Hey wow what a fun bonus! I know quite a few people in this industry and can get a more personal experience elsewhere. My racehorse.com offers micro shares in their excellent quality, very expensive race horses. Bottom line save your money and if you do buy into don't expect to ever be in the black. Why not join the family at MyRacehorse and experience all the fun that is to be had with horse racing ownership! Myracehorse.com traffic estimate is about 4,430 unique visitors and 13,290 pageviews per day. Your high end trainers it can be significantly higher. You won't make money here. Please fix this. Rating 4.0/5 Votes 65 Recommended: Good App Table of Contents: Software Details Reviews Alternatives (#4, R4) has a legitimate . The competition and the ride by the jockey determines if the horse can win or not. Their big banner headline claim is not quite correct though, or anywhere near it. Weight, 122 Lbs. Create an account to follow your favorite communities and start taking part in conversations. We have over 1,000,000 users and companies will listen to us. I buy a Lotto ticket each week and believe that I will never win. Not worth it bears on the foothills trail; livexlive account is not linked properly; Wednesday, 2 December 2020. The Securities are being offered and sold only in jurisdictions where such offers and sales are permitted; it is solely your responsibility to comply with the laws and regulations of your jurisdiction of residence. Yes, I am very pleased with Myracehorse. With the traditional racehorse ownership syndicates I have dealt with in the past a request to see one of my horses in the barn would have been accommodated no problem. Fail. I have not delved in depth but word of Dilantin of share. You as the unit holder pay the whole whack after that. Also if your horse does not have the caliber of being a stakes winner they will drop them in a claiming race or end there career before even giving them a fair chance.