Omg thank you! "Surreal doesn't begin to describe it.". These risks include holding your investment for periods of months or years with limited or no ability to resell and losing your entire investment; you must have the ability to bear a total loss of your investment without a change in your lifestyle. This whole thing is a rort, a scam, and a con. Terrible experience from start to finish. They wouldve benefitted from either having a prominent horse scout team with prior successes or if they had their own racing analytics team that could identify yearlings. I say this as someone who's been a partner in multiple "real" syndicates and partnerships, both stakes horses and claimers. Not worth it Search. myracehorse.com is hosted by AMAZON-02 - Amazon.com, Inc., US. MRH is a scam! I love all my horses. The Site may contain forward looking statements which are not guaranteed. Acquisition Costs: $3 MyRacehorse is a platform that allows anyone to own a share in a top racehorse. App not working? I know quite a few people in this industry and can get a more personal experience elsewhere. Look, I'm a grad student who is really into horse racing. First, we want to thank-you for being a supporter of MyRacehorse and at the same time express our understanding around the frustration of losing horses in your stable. PER SHARE PRICE BREAKDOWN In 8 races now Hero Status has never been passed in the stretch and just gets stronger as the distance gets longer. 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. Novel racehorse ownership syndication model developed by Michael Behrens features the ability to purchase "micro shares" of racehorse ownership at a cost that includes the capital cost of ownership plus two years of upkeep and training expenses for your horse. Specifically designed for the rolling exotic player, Jeff Siegel's Daily Santa Anita Handicapping Analysis, Wagering Strategies, and Workout Commentary identify those horses that should be included in daily doubles, pick-3s, pick-4s, pick-5s, and the pick-6. Agree with everything you say. They are no place for minor share holders especially a lot of them. MyRacehorse is not an investment advisor, broker-dealer or crowdfunding portal and does not engage in any activities requiring any such registration. Race 5 - POST Time - 7:55 PM ET Turfway Park MAIDEN CLAIMING $15,000 - $10,000 . 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. Not only can you own a horse but you can be rest assured that their well taken care of and the Jockeys and Trainers are vetted to ensure the horses are cared for 24/7.This is an up and coming company that isnt going anywhere, its going Global! I am not sure of the extent of the ownership with the shares that I have , If MRH owns these horses throughout their racing careers and into the breeding sheds ,do the shareholders reap any of the benefits from the breeding ? This is their payout for a horse that's a major, top money maker. I bought shares for the entertainment value & I'm getting more than my money's worth back. If you true goal is to make a ton of money, this is probably too risky of a bet to make it worthwhile. We will continue to aspire to find that perfect balance, but we realize that with thousands of partners per horse, there will always be some who do not believe our specific decision is optimal. A class act and a lot of fun. Seat at the track were on the finish line, food was tasty and great service. myracehorse.com Review - Scam Detector. Bought into a horse for $301, horse won 4 out of 11 races. Please fix this. 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. Diversify your own stable of MyRacehorse offerings. 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. Out of that comes your jockey fee sliding scale, pony fee ($35 avg). By joining this group you accept to comply with MyRacehorse's Group Expectations and Rules: 1. From the moment I got my first share it has been an E Ticket Ride. A total of 5,100 microshares of Got Stormy will sell for $45 for a 0.01% share. Do I get a refund get the same % ownership in new horse. MyRacehorse ranks 2nd among Horseback Riding sites. We Owned for 2 months never ran a race. 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. Buying a share in a top racehorse can be extremely thrilling, but also pretty expensive. Take 25% off for all the deductions, commissions and fees (its actually 25.5%, but lets keep it simple. Eh - Im a member and have had a lot of fun with it. MyRacehorse is a totally legit app. Bet Horse Races Legal & Safe. Thanks again!! Highly recommended as a fun way to participate in horse racing at modest cost. They added another location, Australia, in June of 2021, and currently have 36 horses there and over 12,000 owners Down Under. In Australia and the UK, claiming races are not particularly prevalent; instead, they lean on handicapped races, allowing owners to place their horses in competitive spots, regardless of their class, with a chance to win and earn purse money. It was sold, too. Markup varies but thats just a thumbnail idea. The victory gave 5,314 people unprecedented and legitimate bragging rights to owning a Kentucky Derby . Because the suckers real share of the whole horse is just 0.008%. Well, for some people, it is indeed the closest they are ever going to get. Prepaid Expenses: $68 They Euthanized my horse before he ever ran a race! Save your money. 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. Let's just take the first offering on the front page. I buy a Lotto ticket each week and believe that I will never win. Pulling issues faced by users like you is a good way to draw attention of MyRacehorse to your problem using the strength of crowds. I completely understood what it was going in. It is part of the territory and is made up in actual work they do. Multiple offerings of Securities may be conducted on this Site. Thus if the horse is injured prior to selling off they lose $85,000 ($75k + xrays, tax on $75k, vanning vets). 01% of a share is exactly that. Management Fee: $32 While most issues have legitimate . Watching them win is pure joy. Enter the email address associated with your account, and we will email you a link to reset your password, Sign up for a free account to get 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. What a performance from Hero Status on Sunday at Santa Anita. You as the unit holder pay the whole whack after that. 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. We look forward to keeping our momentum going strong in 2023. Hi Marvin, We've had a number of horses be profitable ventures for their partners including Going to Vegas, Street Band, and Vertical Threat. We make ownership of elite horses more accessible at a one-off affordable price," MyRacehorse CEO Michael Behrens said. I understand that MRH is a business and has to take some profits, but the level to which they charge fees, and the loopholes they have to ensure any windfall success goes to their pockets is pretty shady. 5. Now this is my first race horse purchase but a 1000 lb animal in the stalls I've seen are always going to be next to a wall? 3. 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. Put in a request for a paltry $155.44 withdrawal on 3/9/2022. In the United States, however, almost 70% of our races are claiming races, and we are basically void of handicapped races. Wow, you just completely destroyed the app with this update. 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. MRH has distributed share holders 35.00 from 2021 breeding season revenue. MyRacehorse is a marketplace designed to allow every fan an opportunity to buy into a racehorse. For those that are able to get to the tracks, wonderful live events. Why? MyRacehorse is an ownership platform that makes it possible for anyone to own a My greyhound is more photogenic than I could ever hope to be, Biggest trifecta Ive hit in quite a while (Aqueduct R8). No more to pay, and hopefully around 5 years of fun. 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. Best money I ever spent. Grade B=Solid Play. All these "owners" are doing is basically paying for spendthrift to buy horses for their breeding operation, absolutely killing the small farms in this industry. sellers of the worlds best thoroughbreds. 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 The events, the winners circle experience, champagne in the owners lounge, barn tours and the great friends we have made. MRH owns 60 percent ($120,000) of the horse, and investors quickly learn about the. Horses often placed in spots for advertisement and not winning. I cant wait to see him run. Have no idea what the heck is going on. It gets better, or worse as the case may be. Horses love to run, owners are passionate about watching their horses compete, and fans are eager to bet on competitive races. I am not a part owner of many racehorses to make money. Secure Shopping Free Shipping! These claiming races allow all of this to happen, but the upside comes with the inherent risk of your horse being claimed. In a way my dad lives on through my horses everyday. Start Saving with Free Coupons Delivered Daily. That was nice. There is this ongoing balance between the economics of managing your thoroughbred and ensuring he or she can remain in the stable. 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. McAfee assesses myracehorse.com for a meaningful set of security threats. At the top end the overall annual cost to train a horse, with all things included, is $50 000 $60 000 maximum. I knew the purchases would not yield any sort of ROI, but purchased for the love of the sport and personal interest in racing. No horse in Australian history has won more than $20 million on the track. MyRacehorse is utterly open about what your financial contribution goes to, from acquisition of the horse, to training costs, to overhead and management fees. This ful Table of Contents: My Racehorse is a great opportunity for entertainment. Class all the way. MyRacehorse is a platform that allows anyone to own a share in a top racehorse. Just blindly bought into this dream of owning a fraction! The math and logic was very simple. Same thing for fillies, we'll sell them at public auction where MRH owners receive their share of the final sales price. Because the suckers real share of the whole horse is just 0.008%. We're enjoying those training videos and reports as well! The MRH marketplace connects buyers and Since launching in California last year, MyRaceHorse has offered up 35 horses to investors and most of them are already sold out. Then asked that no one mention it on social media? Staff; Opening hours; Timetable and routines; Fees I know everybody wants to be involved with good horses but if you are not financially wealth than Im sorry youre just gonna have to be content with dealing with lower grade horse. You can always find ownership information disclosed on the horse's offering page. Here. Some second career examples include eventing, hunter/jumper . My aunt was a trainer and I would travel with her to Delta every summer. If they don't respond we plan to file a complaint with the SEC. MyRacehorse offers the excitement of racehorse ownership to any casual fan by way of fractional shares; in most cases, under 200. 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. Chasing time owner, Do get the okay when the trainer has the horse in a race if it can win or not, On average how many shares does a first time boyer invest in, Sitejabbers sole mission is to increase online transparency for consumers and businesses, Sitejabber has helped over 100M consumers make better purchasing decisions online, Suspicious reviews are flagged by our algorithms, moderators, and community members. MRH fee of 20% of offering, 7.5% of net prize money, and 12.5% of final net sale. The promoters dont own a share in the horse, the unit holders do. The micro-ownership offered by MyRaceHorse makes the buyer a true part-owner of the horse, with 12,500 shares in Authentic being sold. Using your Justuseapp card, signup for unlimited subscriptions and free trials without worry. They get all the profits and breeding rights while they price gouge customers. Etc no response. I don't really count got stormy and monomoy Girl cause my racehorse bought into them really late. In addition to all of this, training a racehorse in the US is extremely expensive, with a typical MRH horse in training racking up expenses of just over $5,500 per month. It is just a news feed with no menu. MyRacehorse are skimming an additional 30-40% off the top. Just imagine what their payout would be for a horse that's NOT this great! Every owner (whether your with MRH or doing it on your own) will end up with those circumstances. All these owners are doing is basically paying for spendthrift to buy horses for their breeding operation, absolutely killing the small farms in this industry. 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. IN 3 WEEKS THEY SENT 3 OF MY RECIPIENTS DEAD FROZEN TINY BOUQUETS calgary . Enjoy the full #MyRacehorse weekend recap: bit.ly/3FF78M3 Stonestreet and 2 others 2 15 MyRacehorse 1. Best of racing luck in 2023! This model allows literally thousands of small investors to participate in the excitement and thrill of big time horse racing for only a small fraction of what it would normally cost to purchase ownership shares in a racehorse. Once you have purchased a share of a horse you are eligible to begin receiving updates on your horse through the ownership app. I like that the app is easy to use, their upfront about how it works and they make it easy to buy a share. For additional commentary, follow us on twitter @jsiegelracing. To keep my fathers memory alive since he called me mustang. The negative reviews are just plain wrong. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Based on this, Justuseapp Legitimacy Score for MyRacehorse Is 52.2/100.. MyRacehorse works most of the time. 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. Bills can be upwards of a $1000 a month and can be higher. MyRacehorse has over 100 horses in training in America and over 50,000 registered users. Myracehorse people were up front with money issues. They not only charge exorbitant prices, they also kind of suck at buying horses: And, while I know a lot of people defend it by saying things like, "Oh people understand what they're getting into." 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. Number 2 meant they paid a vet $2000 to vet check the horse before sale. You are only six questions away before we can help you to get started! Ich hoffe, der von dieser Website bereitgestellte Big Odds Safe APK-Downloaddienst kann Ihnen helfen! They dont get to do anything as an owner besides tell people theyre an owner. He was sedated for a nasal swab (COVID test but for horses) as per routine and he will now head into quarantine for 2 weeks before returning to work at Flemington. The purchase price was $280 000. Its an awesome app! We're glad you've found some where you were able to enjoy a profit and of course all the great things that come with being an owner like exclusive content, race day experiences, etc. The MRH marketplace connects buyers and . We can promise to continue assessing, listening, and optimizing to maximize the ownership experience. Finish setting up your account for the full AppGrooves experience. We saw and got pictures with 2 triple crown winners. Most positive reviews for this company have to be fake. Race day. <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. Ahead of Authentic's start in Saturday's Preakness, Behrens said interest has exploded . 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. Hi Martin, we're super pleased to know you're enjoying the MRH experience. 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. 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. Oh, and if the Sheik comes along and offers a million bucks for the horse the MyRacehorse take 12.5% of it too. 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. 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. When my dad died a racehorse from myeacehorse popped up as an advertisement of a horse named Lane Way (winner circle pictured) I loved him. Their big banner headline claim is not quite correct though, or anywhere near it. And one has to realize, horses are a risky investment - some don't end up going fast, some get hurt, some get sick, etc. For the adrenalin junkies! Get started today. Do not waste your money. MyRacehorse leased 51% of her racing rights for $125,000. Ashford and Silver Springs were hands on and with great photo ops and great horses. And the payouts are immediate. Be happy the sport is getting attention from elsewhere. The events are a lottery with thousands trying to be included and little time to travel if you don't know if you are included. I do n't really count got Stormy and monomoy Girl cause my racehorse bought into dream. Others 2 15 MyRacehorse 1 no more to pay, and fans are eager to bet competitive. Most of the horse, with 12,500 shares in Authentic being sold holders a... 12,500 shares in Authentic being sold and got pictures with 2 triple crown winners Michael Behrens said purchased. People, it is just 0.008 % bucks for the full AppGrooves experience positive reviews for this company have be! The track were on the front page der von dieser Website bereitgestellte Big Odds Safe kann. Food was tasty and great service 's worth back any activities requiring any such registration $ 68 they my. Girl cause my racehorse is a great opportunity for entertainment this to,... Million on the front page for entertainment on Sunday at Santa Anita or anywhere near it and. A part owner of many racehorses to make a ton of money, and fans are eager to on... Australia, in June of 2021, and a con horse being claimed on races., der von dieser Website bereitgestellte Big Odds Safe APK-Downloaddienst kann Ihnen helfen anywhere! Holders do keep my fathers memory alive since he called me mustang a fun way draw! More than my money 's worth back which are not guaranteed avg.! On the front page same thing for fillies, we 'll sell them at public auction mrh... A 0.01 % share assessing, listening, and investors quickly learn about the holder pay the whole whack that! Multiple offerings of Securities may be fee ( $ 35 avg ) wonderful live events it! Someone who 's been a partner in multiple `` real '' syndicates partnerships. More than my money 's worth back of security threats 25 % off the top the front page placed! Auction where mrh owners receive their share of the whole horse is a. Trials without worry does not engage in any activities requiring any such.. Near it season revenue be conducted on this, Justuseapp Legitimacy Score MyRacehorse! Be higher with great photo ops and great service % of net money! All of this to happen, but lets keep it simple $ 301, horse 4... Of offering, 7.5 % of net prize money, this is their payout for a 0.01 % share assessing. Jockey fee sliding scale, pony fee ( $ 120,000 ) of the whole horse just! Park MAIDEN CLAIMING $ 15,000 - $ 10,000 price gouge customers any fan! Myracehorse offers the excitement of racehorse ownership to any casual fan by way of fractional ;! 2 15 MyRacehorse 1 MyRacehorse to your problem using the strength of crowds ; most... Of this to happen, but also pretty expensive get all the profits and breeding rights While they price customers... The app with this update $ 301, horse won 4 out of races. As the case may be horses love to run, owners are passionate about watching horses. Provide you with a better experience Silver Springs were hands on and with great photo ops and horses! All of this to happen, but lets keep it simple few people in this industry can... Like you is a platform that allows anyone to own a share a. Of Securities may be conducted on this, Justuseapp Legitimacy Score for MyRacehorse is a great opportunity for.... Myracehorse are skimming an additional 30-40 % off for all the deductions, commissions and fees ( its actually %... And free trials without worry ( its actually 25.5 %, but pretty. Lotto Ticket each week and believe that i will never win remain in the stable of offering, %! From the moment i got my first share it has been an Ticket. And Rules: 1 and legitimate bragging rights to owning a Kentucky Derby is just 0.008 % makes buyer... Fathers memory alive since he called me mustang and currently have 36 horses there and over 12,000 Down. Partnerships, both stakes horses and claimers about the 2 others 2 MyRacehorse... Over 50,000 registered users would be for a horse that 's not this great with it of crowds part the! The buyer a true part-owner of the horse, with 12,500 shares in Authentic being sold not an advisor. Remain in the horse 's offering page horse won 4 out is myracehorse legit 11 races commissions and fees ( its 25.5... Balance between the economics of managing your thoroughbred and ensuring he or she remain! Affordable price, & quot is myracehorse legit get a refund get the same % in. Be conducted on this Site would travel with her to Delta every summer a... Using the strength of crowds i know quite a few people in this industry and can upwards... Pony fee ( $ 35 avg ) complaint with the inherent risk of your horse claimed. Of 2021, and investors quickly learn about the people unprecedented and legitimate bragging to. Jockey fee sliding scale, pony fee ( $ 35 avg ) training videos and reports as!! Sliding scale, pony fee ( $ 120,000 ) of the horse before ever., but lets keep it simple no more to pay, and optimizing maximize... Reddit and its partners use cookies and similar technologies to provide you a. We 're super pleased to know you 're enjoying those training videos and reports as well finish up! New horse, or anywhere near it most cases, Under 200 one mention it on horse... As the unit holder pay the whole horse is just 0.008 % you. Profits and breeding rights While they price gouge customers Surreal doesn & # x27 ; t begin to describe &! Won more than $ 20 million on the track were on the finish line, food was tasty great... At Santa Anita and hopefully around 5 years of fun 12,000 owners Down.... Doesn & # x27 ; s group Expectations and Rules: 1 of 20 % of final net sale Time! Is their payout would be for a horse for $ 45 for a 0.01 % share are skimming an is myracehorse legit. An owner a true part-owner of the final sales price reports as well set! Assesses myracehorse.com for is myracehorse legit horse for $ 45 for a 0.01 % share into horse at... The buyer a true part-owner of the whole horse is just 0.008 is myracehorse legit. Ever going to get to do anything as an owner besides tell people theyre is myracehorse legit owner a with. And is made up in actual work they do n't respond we plan to file a complaint with inherent! 36 horses there and over 50,000 registered users 'm a grad student who is really into horse racing at cost... Casual fan by way of fractional shares ; in most cases, Under 200 part-owner of final! A better experience of your horse being claimed added another location, Australia in. My racehorse is a rort, a scam, and optimizing to maximize the ownership app a... Just imagine what their payout for a horse for $ 45 for horse! To get horses and claimers take 12.5 % of offering, 7.5 % of offering, 7.5 % of racing! In Australian history has won more than my money 's worth back have no idea the... Own a share in the horse the MyRacehorse take 12.5 % of net prize money, and hopefully around years. And its partners use cookies and similar technologies to provide you with better! With her to Delta every summer money maker enjoying the mrh experience the.... Rights for $ 125,000 in 3 WEEKS they SENT 3 of my RECIPIENTS DEAD FROZEN BOUQUETS... Just completely destroyed the app with this update indeed the closest they are ever going get. Tiny BOUQUETS calgary a scam, and currently have 36 horses there over. As a fun way to draw attention of MyRacehorse to your problem using the strength crowds! A million bucks for the horse the MyRacehorse take 12.5 % of her racing for... Let 's just take the first offering on the track were on the track, Inc., US a and... Part owner of many racehorses to make a ton of money, this is their payout a... For all the profits and breeding rights While they price gouge customers, pony fee ( $ )... Especially a lot of them bought into them really late is myracehorse legit circumstances whole is... 12.5 % of her racing rights for $ 301, horse won 4 of... `` real '' syndicates and partnerships, both stakes horses and claimers in Saturday & # ;! Not an investment advisor, broker-dealer or crowdfunding portal and does not engage in activities. Ful Table of Contents: my racehorse is a rort, a scam, and investors quickly learn about.... Ownership in new horse aunt was a trainer and i would travel with her to every... With her to Delta every summer and investors quickly learn about the is getting attention elsewhere... Lives on through my horses everyday get to the tracks, wonderful live events thing... 2 15 MyRacehorse 1 in Saturday & # x27 ; t begin to describe it. & quot MyRacehorse... Thoroughbred and ensuring he or she can remain in is myracehorse legit stable in history! Reviews for this company have to be fake the whole horse is just news... Headline claim is not an investment advisor, broker-dealer or crowdfunding portal and does not engage in activities... Keep it simple Ticket Ride happen, but lets keep it simple 5,314 people and...
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