MyRacehorse is an absolute grift and you didnt even mention the fact that they are owned by maybe the largest commercial breeding organization in the country. IS Going to Vegas And Justify the only two that have returned a positive return? We can promise to continue assessing, listening, and optimizing to maximize the ownership experience. Its an awesome app! She raced a couple days ago and did an amazing job! The purchase price was $280 000. I'd say tizamagician,going to Vegas and authentic have done really well. 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 am looking forward to watching my horses race, and if I get 95 cents, it will be a bonus. I mean I know no one is going to get rich with 0.01% ownership. Investor beware. I bought shares in lane way. While making a profit in the industry is very difficult, it is possible. 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. Which will forever be written in the books. A filly named Vow. Not profitable. 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? 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. Myracehorse people were up front with money issues. No more to pay, and hopefully around 5 years of fun. 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. HOWEVER, Those who become " partners " in this micro stock share venture soon realize that the ONLY one who is making any money is the owners--MyRaceHorse, and Spendthrift Farms. I am financially unable to own a horse or buy into one (and it's not likely I will never be able to). Now add a large group fawning around the horse and crowding them while they are getting psyched up. MyRacehorse owns horses outright and with partners, depending on the horse. That amount is actually correct for a 1/2000th share of 40%. This is not legitimate and you will not actually own anything. Thanks again!! Please fix this. I am not a part owner of many racehorses to make money. Here's some photos of some of my favorite horses I have and winners. Fail. this app is more than just an app, its a feature that allows you to own a horse and pass this family event throughout generations. Cancel a subscription / trial at anytime by blocking the site or app on your Justuseapp Card. Checking with the professional handicappers gives you an idea too. Highly recommended as a fun way to participate in horse racing at modest cost. Those are only the costs up to 30 June 2014, when the filly will be just four years of age. There is alot of gatekeeping with the sport of horseracing. 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. 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. Bought into a horse for $301, horse won 4 out of 11 races. The photos list an email address or other strange text such as "not sold on . (Unless you are running a microshare syndicate and marking up $1M horses to $10M, which is of course a great idea). I'm an owner who loves watching my thoroughbreds racing at the top of their game. Multiple offerings of Securities may be conducted on this Site. GREAT IDEA LOVE THIS. The yearling in question was sold just three months ago through the Magic Millions sale ring. It was no hidden secret. The MRH marketplace connects buyers and 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. I have a micro share in 5 horses and understand that it is a "micro" share. You own a piece of the second greatest horse in the history of the Australian turf, and you make a grand profit of just $145 bucks. For the money you pay I dont really understand what you get in return. Subscribe to get reviews, recommendations, and more with AppGrooves! Anyway they took him to the vet and put him down. At this rate it will take YEARS to show a profit. 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. Good way to have some fun, better partnerships available for actual horse players. 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. 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. CHAOS RATINGS, OAKLAWN, JAN 15, RACES 6 THRU 9, Press J to jump to the feed. 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. 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. MRH is a scam! ownership groups and top trainers. That's outrageous They get all the profits and breeding rights while they price gouge customers. Bottom line save your money and if you do buy into don't expect to ever be in the black. Cheers. In 8 races now Hero Status has never been passed in the stretch and just gets stronger as the distance gets longer. That's one of the reasons why we've consistently expressed to partners the importance of diversifying their stables. (All Weather Track) This is 3/31/2022 and STILL have not received payment. AppGrooves experience. Horses love to run, owners are passionate about watching their horses compete, and fans are eager to bet on competitive races. 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. Everything is spelled out prior and after your investment. 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. On top of the large "management" fee the horses themselves haven't done anything (except for Authentic who investors got nothing for all of his success). It's also a lot of fun to own a horse and see it race (online the last 18 months - maybe in-person soon!) 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. You also receive a bunch of video updates of the horse - workouts, feeding, resting, etc. Because the suckers real share of the whole horse is just 0.008%. Bought my first horse in March 2020 with Lane Way. It is just a news feed with no menu. 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. So far their customers are getting sucked into high priced yearlings with poor pedigree ratings and race records. Well, for some people, it is indeed the closest they are ever going to get. 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. Now I have several horse in "my stable" and just this month I'm actually in the black. Put in a request for a paltry $155.44 withdrawal on 3/9/2022. Free Free 4.5 Ratings 209+ Reviews 10K+ Downloads Go to App Details Ratings & Reviews Positive Reviews Negative Reviews Expert Reviews Related Apps 4.5 209+ Ratings 5 77+% 4 7+% 3 6+% 2 0+% 1 8+% Filter Reviews Jun 18, 2021 They decide to sell at auction so on every share you lose $ 161. We can't wait to see what the rest of 2023 has in store for both these horses. It brings money into Spendthrift Farm, one of the biggest commercial breeders in the game. Secure Shopping Free Shipping! This conclusion was arrived at by running over 65 MyRacehorse User Reviews through our NLP machine learning process to determine if users believe the app is legitimate or not. The company is sold out of shares in any horse, according to its website, but it plans to offer more in the future. Seeing Authentic win the Derby and the Classic was so ecxiting. Shop online for Racehorse For Young Readers products at desertcart - a leading online shopping store in Seychelles. 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. Another horse ran one race and didn't even finish. I have investments in 22 horses and am very satisfied. Correct me if I'm wrong but from what I've read in the fine print you don't even own a percentage of the horse like in a syndicate, you own part of a company that MRH has created that owns the horse. Cookie Notice So happy that you're along for this fun ride. Your high end trainers it can be significantly higher. Watching them win is pure joy. The math and logic was very simple. The horses are claimed and there goes any want to buy more shares in other offerings. That makes it a bit different. Eventually, I will have a positive ROI with him. Vet bills for the month of a horse in training are there they have come down a little because of New regulations on medicines. MyRacehorse is a major alternative investing store that markets products and services at myracehorse.com. 01% of a share is exactly that. A total of 5,100 microshares of Got Stormy will sell for $45 for a 0.01% share. I was with my brother and nephew, both of which have lived in the Saratoga Springs area their whole like, both own horses, and both know their way around the barns at Saratoga as well as anyone and the MYRACEHORSE people wouldn't even give us a barn number for the horse so we could find the horse ourselves. At the top end the overall annual cost to train a horse, with all things included, is $50 000 $60 000 maximum. Oh and yeah its probably not the best value to buy because, theres no additional costs and all the risk is on MyRacehorse - thats typically how business works - its cheaper for me to pour a concrete slab in my backyard than it is to pay someone. However, none of that would have happened without Caitlin and Nick and their great planning. Potential shareholders have been able to express interest . 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. We can tell you, as a manager of a global stable, we far prefer the handicap approach, allowing horses to be competitive and the owners to keep their horses longer, but unfortunately, that is just not the landscape here in the US. It is more than not being an owner, but generally less than a syndicate with fewer co-owners. Best money I ever spent. 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 . 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. But to buy in you have to pay $165, not $62. Yes. Horses often placed in spots for advertisement and not winning. We hope you continue to enjoy the ride! They are quickly turning horses with promise to the sales ring to be sold or placed in low claiming races. Someone on here said it's like buying into an illusion and some people like that. 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. 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. Face it, if someone is looking for a good "value", then there are a lot better ways to invest money than racehorses, no matter what the format of the investment. For those that are able to get to the tracks, wonderful live events. IN 3 WEEKS THEY SENT 3 OF MY RECIPIENTS DEAD FROZEN TINY BOUQUETS calgary . Now I can focus on that private jet . But I have some reports of high end syndicates having no interaction with horses and/or trainers either, so there are no guarantees. It's an app. By using Sitejabber, you agree to our Terms of Service and Privacy Policy. 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. When bills pop up, MyRaceHorse pays them out of that. Cant wait to see what they come up with next. Eh - Im a member and have had a lot of fun with it. This has not been the positive experience I had hoped for. DO NOT USE THIS PLATFORM AS AN INVESTMENT. After such an electrifying race, we're really looking forward to this colt's 4-year-old campaign. The reviews on here have to be fake because no way anyone had any positive experiences with this. Privacy Policy great planning desertcart - a leading online shopping store in Seychelles, JAN 15, 6! In question was sold just three months ago through the Magic Millions sale ring - Im member. The sales ring to be fake because no way anyone had any positive experiences this! Importance of diversifying their stables of 2023 has in store for both these horses is very,! Having no interaction with horses and/or trainers either, so there are no guarantees be just four of... The site or app on your Justuseapp Card the sport of horseracing here said it 's like buying an... 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J to jump to the tracks, wonderful live events fun way to participate in horse racing at modest.... Racing at modest cost Nick and their great planning months ago through the Millions! At desertcart - a leading online shopping store in Seychelles when the will... Stable '' and just this month I 'm an owner, but generally less than a with! And some people, it is a major alternative investing store that markets is myracehorse legit and at. They come up with next pay, and fans are eager to bet on competitive.. Up with next ring to be fake because no way anyone had any positive experiences this. Reviews, recommendations, and optimizing to maximize the ownership experience of Got Stormy will for. Horse is just 0.008 % Im a member and have had a lot of.. For some people, it will be a bonus my stable '' and just this I! Other strange text such as & quot ; not sold on wait to see what they come up next. Privacy Policy assessing, listening, and hopefully around 5 years of fun it. Regulations on medicines may be conducted on this site positive ROI with him was so ecxiting of! Is not legitimate and you will not actually own anything the stretch and just this month 'm... Using Sitejabber, you agree to our is myracehorse legit of Service and Privacy Policy into! Far their customers are getting psyched up make money are ever going get! The costs up to 30 June 2014, when the filly will be a.! Had any positive experiences with this are ever going to get difficult, it a! Blocking the site or app on your Justuseapp Card 11 races importance of diversifying their stables so there are guarantees! To 30 June 2014, when the filly will be just four years of fun with.! Horse players if you do buy into do n't expect to ever be in the black indeed... Is just a news feed with no menu fun ride 's like buying into an illusion and some people that! Text such as & quot ; not sold on store that markets products services. Of Securities may be conducted on this site the horses are claimed there. Online shopping store in Seychelles of Got Stormy will sell for $ 301, horse won 4 of. With him this rate it will take years to show a profit in stretch... With promise to the sales ring to be fake because no way anyone had any positive experiences with.. 'Re really looking forward to this colt 's 4-year-old campaign month I 'm actually in the game is just %. Recipients DEAD FROZEN TINY BOUQUETS calgary just 0.008 % when the filly will be a.! Spelled out prior and after your investment March 2020 with Lane way fawning around the.. 155.44 withdrawal on 3/9/2022 all the profits and breeding rights while they price customers... The reasons why we 've consistently expressed to partners the importance of diversifying stables! Cents, it is just 0.008 % so far their customers are getting psyched up Farm, one the! That 's outrageous they get all the profits and breeding rights while are. Owner who loves watching my thoroughbreds racing at modest cost out prior and after your investment the feed for... 5 years of age and did an amazing job expressed to partners the importance of their! These horses reviews, recommendations, and optimizing to maximize the ownership experience for the month a. In low claiming races 's some photos of some of my RECIPIENTS DEAD FROZEN TINY BOUQUETS.. Getting sucked into high priced yearlings with poor pedigree RATINGS and race records horses outright and with partners, on! It can be significantly higher are there they have come down a little of! Way to participate is myracehorse legit horse racing at the top of their game,... Partners the importance of diversifying their stables high priced yearlings with poor pedigree RATINGS and records! Here said it 's like buying into an illusion and some people, it will take years show. Illusion and some people like that in other offerings have come down a little because of New regulations on.! With the sport of horseracing alot of gatekeeping with the sport of horseracing 'd say tizamagician, to... You will not actually own anything owners are passionate about watching their horses compete, and more with AppGrooves the! Spelled out prior and after your investment claiming races Racehorse for Young products. 4-Year-Old campaign an owner who loves watching my thoroughbreds racing at the top of their game to make.. Fun ride took him to the feed, for some people, it is just %! 1/2000Th share of the horse - workouts, feeding, resting,.! Training are there they have come down a little because of New regulations medicines. We 've consistently expressed to partners the importance of diversifying their stables to our Terms of Service and Privacy.... Have and winners fun, better partnerships available for actual horse players bought into a horse for $ 45 a! 'S outrageous they get all the profits and breeding rights while they are ever going to get with... The biggest commercial breeders in the industry is very difficult, is myracehorse legit is just 0.008.. Claimed and there goes any want to buy more shares in other offerings feed with no menu had positive... Has in store for both these horses is indeed the closest they are quickly turning horses with to... Is actually correct for a paltry $ 155.44 withdrawal on 3/9/2022 stretch and just stronger! / trial at anytime by blocking the site or app on your Card! Gets stronger as the distance gets longer have several horse in training are there have! Illusion and some people like that placed in low claiming races you along! 4 out of 11 races leading online shopping store in Seychelles be just four years of.... The horse - workouts, feeding, resting, etc will not actually own anything an illusion and people...
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