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. It was sold, too. Horse value: $62 Been a fan my entire life, but dont really see the point or thrill of this. It's a fun experience, and it can be exciting when your horse runs in a race -- or, even wins -- however, you will never get your investment back because the payouts are so small. Those seeking another level of ownership experience can purchase a race day ownership badge. 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. Buying a share in a top racehorse can be extremely thrilling, but also pretty expensive. I have been involved with other horse racing partnerships and this one is the best, by far. I think that people buying it get to experience something that typically costs hundreds of thousands or millions of dollars. You are strongly advised to consult your legal, tax and financial advisors before investing. McAfee does not analyze myracehorse.com for mature or inappropriate content, only security checks are evaluated. I bought shares in lane way. MRH is a scam! Anyway they took him to the vet and put him down. 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. Unlikely you will ever make money. MyRacehorse is a totally legit app. (#4, R4) has a legitimate . I guess if you don't mind throwing away money to maybe see a horse you "own" run a couple times a year and make almost 0 profit then this place is for you. AppGrooves experience. 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. Ron Quinton a Group 1 trainer who is not associated with MyRacehorse advises clients to allow $45 000 a year for costs. Tip for consumers:Buy with myracehorse. I really don't think most people do. I grew up as a kid running around Delta Downs. The purchase price was $280 000. I cant wait to see him run. MRH has distributed share holders 35.00 from 2021 breeding season revenue. I don't really count got stormy and monomoy Girl cause my racehorse bought into them really late. The victory gave 5,314 people unprecedented and legitimate bragging rights to owning a Kentucky Derby . Hi Penelope, we ecstatic to read your comments; thank you. $1000. There is this ongoing balance between the economics of managing your thoroughbred and ensuring he or she can remain in the stable. Tara U THEY SCAM THOUSANDS OF PEOPLE WITH THEIR FLOWER ORDERS. For example, my investment in three horses, which was $450 total, earned winnings of $40. Now I have several horse in "my stable" and just this month I'm actually in the black. Stand in the winner circle with us and be apart of history. MyRacehorse ranks 3rd among Horseback Riding sites. Hi Martin, we're super pleased to know you're enjoying the MRH experience. Mrh is who profits but if you like this experience it's up to you. My daughter is 1 1/2 and she loves horses. OurRacehorse would be a far more appropriate name for the title, although the truth be known OurBigSkim would be the best name of all, and the closest to the truth. The app divvied the stake into . The thousands of investors earned bragging rights as owners of a Kentucky Derby-winning . MyRacehorse owned a 12.5 percent stake in the Derby colt and sold micro shares of Authentic ownership to 5,314 people almost 1,000 of whom signed up on Derby day. And took 10% of cost $14,000 For buying the horse. MyRacehorse owns horses outright and with partners, depending on the horse. To claim your App. myracehorse.com Review - Scam Detector. But a way to bring people into the sport, which it needs WAY more than better value propositions. A Friesian horse normally worth $15,000 that is selling for $900, is generally also a scam. 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. 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. OurRacehorse would be a far more appropriate name for the title, although the truth be known OurBigSkim would be the best name of all, and the closest to the truth. Horse racing: free sibling report for kempton park race 6 for thursday, 19th january 2023. Why not join the family at MyRacehorse and experience all the fun that is to be had with horse racing ownership! share in a top racehorse for as little as $100. Here's some photos of some of my favorite horses I have and winners. Talk about a huge loss. Maybe start off slow and go from there. curated coupons, Create a free account for the full One of their top horses finished third in a $ 300,000 race. It was no hidden secret. coupons for your favorites apps every week. We had a great weekend with My Racehorse. MyRacehorse competes with other top alternative investing stores such as Vinovest, Masterworks and AltoIRA. With another good year of racing, there should be a few more that add to that bunch. 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. So I saw a commercial for the the site and it had me curious. . lol there is no financially smart way to get into racehorse ownership. Same thing for fillies, we'll sell them at public auction where MRH owners receive their share of the final sales price. What they are really offering the come in spinners is 0.02% of a 40% share in the horse. This whole thing is a rort, a scam, and a con. Seat at the track were on the finish line, food was tasty and great service. That was nice. Please please please find a better partnership syndicate that cares about their owners and horses more than these jerks. 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. And the payouts are immediate. Always back the horse named self-interest, son. Are you sure you want to delete your app review? I have emailed, called lvm no response as to what are they are going to do. 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. Look, I'm a grad student who is really into horse racing. No more to pay, and hopefully around 5 years of fun. one of Dortmunds last crop of foals. MyRacehorse are trying to sell a 40% share in it for $330 000. bears on the foothills trail; livexlive account is not linked properly; Wednesday, 2 December 2020. 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. Save your money. And so much fun! 4. 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. Three quality prospects tailor made for one of the industry's best trainers, Chad Brown. This is a forum where like-minded owners can connect, meet fellow owners, share their experiences, discuss their horses, and get excited about the future. Your chances of winning a 10-to-1 bet are better than breaking even with MyRacehorse. I was totally embarrassed! Not profitable. MyRacehorse has a consumer rating of 3.18 stars from 22 reviews indicating that most customers are generally satisfied with their purchases. Not just looking at a horse. Then asked that no one mention it on social media? We have developed a system that will try to get in touch with a company once an issue is reported and with lots of issues reported, companies will definitely listen. Seeing them lifts my days. "It's equity-based.May 2, 2019 Can you make money with MyRacehorse? myracehorse.com is safe. MyRacehorse is a brilliant concept which is executed flawlessly. You have just owned one of the greatest racehorses weve ever seen. 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 was on the sidelines until November of 2022, where she finished second with $75K maiden claimers. I invested in a couple micro shares of one horse back when MyRacehorse started here in California. Terrible value, I agree. The morning line favorite is Vow (#4) for Steve Asmussen and MyRacehorse. MyRacehorse is an absolute grift and you didn't even mention the fact that they are owned by maybe the largest commercial breeding organization in the country. MRH has improved in all areas. I like that the app is easy to use, their upfront about how it works and they make it easy to buy a share. Read up and take head of what I have written. A veterinarian will stop in thr barn everyday. I had always hoped to own Racehorses and this app gave me an opportunity to own part of a Racehorse that has Tremendous Potential to be Great. It is just a news feed with no menu. I cant even see the 20+ horses I own. For those that are able to get to the tracks, wonderful live events. These are all the main negatives of MyRacehorse! Bought into a horse for $301, horse won 4 out of 11 races. I do my racehorse for fun.i have other horses that I own on my own with friends separate from my racehorse, It gets more people involved in the sport. That matter is further complicated as we often have partners in the horse itself, and we want to ensure we are good participants with these very important stakeholders as well. We are not saying it is illegal, because it is not, or at least until someone takes a case against MyRacehorse and proves otherwise anyway. That's part of the risk/reward. Of course they have to cover the reserves (food, entry fees, etc.) Just fantastic experience all around! But the program as I understand it allows say 2000 people to get parking for everyday of racing, access to the backside and for a novice thats gold, admission daily, so maybe $15/per person for 320 days a year ($4800 otherwise) the tax breaks are criminal. I cant even see the 20+ horses I own. App not working? Everything is spelled out prior and after your investment. My aunt was a trainer and I would travel with her to Delta every summer. Subscribe to get reviews, recommendations, and more with AppGrooves! It's also a lot of fun to own a horse and see it race (online the last 18 months - maybe in-person soon!) 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. World's #1 Fraud. 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. I love screaming at the TV as they run down the final stretch. (Plus $6,250 - KTDF - Kentucky TB Devt Fund). A class act and a lot of fun. Allow me to illustrate this with a simple example. You'll fell more apart of the sport by just placing a few bets. My horses have been ill or injured or recuperating. 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-. Several people I know who are in multiple partnerships say MRH is fine for what it is, and if you know what it is upfront, and that it is a great way for people not involved in the sport to get involved (sort of) at the top, instead of the usual way, at the bottom. are taken into account coming out ahead a couple thousand is a win. 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. It's become day trading more than an 'investment'. 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. Weight, 122 Lbs. 2. MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. For Maidens, Four Years Old And Upward. But the industry still operates on smaller ownership and your experience to be a part of the race day can vary. Bought my first horse in March 2020 with Lane Way. Of course it will be years before I know the exact financial outcome. Tip for consumers:Think twice ! But it is possible! Horses often placed in spots for advertisement and not winning. What is MyRacehorse? Once you have purchased a share of a horse you are eligible to begin receiving updates on your horse through the ownership app. Love MyRacehorse , but when will I be able to own shares living outside of California, ?? They don't/should not charge for that on the track. 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. 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. After all three horses were sold, I made an additional $20 -- giving me a $60 return on a $450 investment or a loss of $390. MyRacehorse works most of the time. She goes to the tracks with me and its a memory I will treasure. Thats the whole point of it is to increase peoples attention and to be part of it even if it is .0001%. If not , I still enjoyed watching races besides the small distributions to our accounts, we still cashed WPS EX TIR and SUPR on site and the wagering parlos, I hope Sarrocchi and all the new acquisitions are successful. See the list of other websites hosted by AMAZON-02 - Amazon.com, Inc., US. That's one of the reasons why we've consistently expressed to partners the importance of diversifying their stables. Do not waste your money. These claiming races allow all of this to happen, but the upside comes with the inherent risk of your horse being claimed. I own one micro-share in 8 different horses. Is MyRacehorse Legit? Further, I would never be able to touch the quality of the MyRaceHorse offerings through a traditional partnership. Some second career examples include eventing, hunter/jumper . The first thing any proceeds do is top off the reserve account for expensive. But now after watching how fast the teams are unloading horses they deem unflattering to MFR, is making me reconsider my future participation. The Ocala Breeders' Sales grounds (OBS) is . All Reviews Hi Cathy, So glad to hear you enjoyed your experience last fall. MyRacehorse ranks 2nd among Horseback Riding sites. Here is an example. The horses are claimed and there goes any want to buy more shares in other offerings. Paddocks are dangerous places. 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. However, I would like to hear experiences both good and bad from others who got involved with this. MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. The third horse actually won one race, placed and showed in a couple others, but was ultimately sold because the horse could not even complete at the Grade 2 level. It is a complete scam! Just blindly bought into this dream of owning a fraction! Rating 4.0/5 Votes 65 Recommended: Good App Table of Contents: Software Details Reviews Alternatives Potential investors should read all of the investment documents that are provided to them. I'd probably venture to say that microshare ownership is the least stupid way to buy into a horse, because at least you know what the maximum amount of money is that you're going to lose. I am thrilled with this organization. I have not delved in depth but word of Dilantin of share. So happy that you're along for this fun ride. So how on earth should they be entitled to a huge slice of the stakes the horse earns? I just think its terrible value for money for newcomers to be starting out. I have investments in 22 horses and am very satisfied. War Emblem was always my favorite RaceHorse until I purchased shares in Mo Mischief! None of the my racehorse horses have yet to turn a profit. MRH owns 60 percent ($120,000) of the horse, and investors quickly learn about the. 3 is the fee to trainer and then then my racehorse takes a monthly fee too.and innsurance premiums are taken out too, which comes out to $6166.66 per month or $405.47 per day. 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. The reviews on here have to be fake because no way anyone had any positive experiences with this. By using Sitejabber, you agree to our Terms of Service and Privacy Policy. Which will forever be written in the books. and bet on it and see it win! 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. You are here: did robert kardashian write a book tidio chat documentation is myracehorse legit. The MyRaceHorse executive reasons Authentic's dad (Into Mischief, arguably the 'hottest' sire in America) "stands for $175,000 and covers 200 mares/year." If Authentic were to replicate those figures, shareholders would receive $350/share annuallyand it is realistic for a stallion to breed for 10-15 years. IF it earns the $20 million before it turns 4 and 3/4. They Euthanized my horse before he ever ran a race! However, none of that would have happened without Caitlin and Nick and their great planning. Those are only the costs up to 30 June 2014, when the filly will be just four years of age. Class all the way. I always loved the sport and this brings a whole new level of being apart of it! I feel my racehorse is more geared towards people wanting to have fun and it gives the average person an opportunity to "own" a tiny portion of a horse they would of otherwise never had any shot of participating in at a high level. 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. Justuseapp Safety Score for MyRacehorse Is 40.5/100. How do I part my own racehorse? Sooner or later, companies that fail to provide good public service will pay the price in the marketplace. So he couldn't run. In addition to the app updates, the MyRacehorse ownership team will provide a suite of experiential services for owners. 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. 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? I currently have shares in all 6 of the babies in training, It is awesome watching the videos and reading the training reports . To make a long story short, I was told that they could not accommodate my request. 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. Be safe from hackers and unwanted bills. Reddit and its partners use cookies and similar technologies to provide you with a better experience. MyRacehorse scooped up a 5% minority stake of Street Band in late March when the long shot clinched a spot in the Kentucky Oaks after winning the Fair Grounds Oaks. MyRacehorse is a platform that allows anyone to own a share in a top racehorse. That's crazy. The reviews on here have to be fake because no way anyone had any positive experiences with this. 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. . Claim your listing for free to respond to reviews, update your profile and manage your listing. Cheers. You ain't gonna sell casual fans on an ownership experience that includes $500 assessments every month when a 5k claimer is turned out resting on the farm for 4 months in the winter lmao, Agree, my father in law is wealthy and I see how much he spends for the output and its not great lol and ohh, yeah x is injured from something so gotta turn out, oh bled after the race time to retire. By joining this group you accept to comply with MyRacehorse's Group Expectations and Rules: 1. But to buy in you have to pay $165, not $62. The negative reviews are just plain wrong. Diversify your own stable of MyRacehorse offerings. Everything is spelled out prior and after your investment. Invest a modest amount (or more) in the race horse prospects offered. 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. You get a "microshare" level of the horse owner's experience. The educational pieces and updates are first class. Our second priority is to both maximize the ownership experience by providing the perks of ownership (content, access to the horse, race-day privileges) and the investment (purse money, expense management, and resale value). Most positive reviews for this company have to be fake. 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 . We Owned for 2 months never ran a race. Very professional outfit. 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. I have a lot of shares and I have a share in Monomoy Girl! I own mini shares in six at a total cash outlay of less than $1,000. I am in it for the excitement and fun. Investor beware. Unfortunately, horses get injured, don't make the races, and underperform. Those are only the costs up to 30 June 2014, when the filly will be just four years of age. With no ongoing fees, it's all fun when. Opportunity to own part of a Racehorse that has Tremendous Potential to be Great. Zero stress. 996 talking about this. I bought into vow. 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. The horse's well-being will always be our primary priority, on and off the track. MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. I have owned them 100% and owned them in Partnerships. Select which platform you would like to share on: Subscribe to get reviews, tips, and similar game recommendations! They will take 10 percent of the purse and if a winner or a stake race include commissions for the groom and exercise rider.will pay up to $200 for regular shoes and some more if they are special like glueons. There is alot of gatekeeping with the sport of horseracing. We can't wait to see what the rest of 2023 has in store for both these horses. MyRacehorse also takes 7.5% of any prizemoney earned, which is a boiler room scam if you have ever seen one. 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. Hi Marvin, We've had a number of horses be profitable ventures for their partners including Going to Vegas, Street Band, and Vertical Threat. If you want to be competitive and are not in the top echelon of racing, you will run for a claiming tag. Hey Mimi, You're a terrific racing ambassador. My first filly was claimed after 3 races in which she had wins and placing. 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.
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