I mean I know no one is going to get rich with 0.01% ownership. I don't really count got stormy and monomoy Girl cause my racehorse bought into them really late. Eventually, I will have a positive ROI with him. Last, Tracks have been accommodating to share holders. Possibly you may break even. Press question mark to learn the rest of the keyboard shortcuts. McAfee assesses myracehorse.com for a meaningful set of security threats. In addition to the app updates, the MyRacehorse ownership team will provide a suite of experiential services for owners. So in some cases the winnings end up just going back to prop up the reserves. We hope you continue to enjoy the ride! So I saw a commercial for the the site and it had me curious. . 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. Who collects that? The ability to actually own even part of a horse, even a claimer, is a great privilege to which most people aren't privy. In 8 races now Hero Status has never been passed in the stretch and just gets stronger as the distance gets longer. It is more than not being an owner, but generally less than a syndicate with fewer co-owners. 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. I buy a Lotto ticket each week and believe that I will never win. But I have some reports of high end syndicates having no interaction with horses and/or trainers either, so there are no guarantees. I made back about a third of what I paid for her share. All investors using the Site must acknowledge and accept the high risks associated with investing in the Securities. MyRacehorse are trying to sell a 40% share in it for $330 000. Which will forever be written in the books. Number 2 meant they paid a vet $2000 to vet check the horse before sale. 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 Talk about a huge loss. IF it earns the $20 million before it turns 4 and 3/4. It was sold, too. This is completely ludicrous and a scam after sitting on our monies for two years and not paying a single penny to shareholders. Watching them win is pure joy. I grew up as a kid running around Delta Downs. World's #1 Fraud. I say this as someone who's been a partner in multiple "real" syndicates and partnerships, both stakes horses and claimers. Divide it between the 2000 unit holders in the horse and you get $300 each. All Reviews 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. As a former member of the TOC (Thoroughbred Owners if Calif) our intent was always getting new owners but nothing we did was successful. Just fantastic experience all around! Every owner (whether your with MRH or doing it on your own) will end up with those circumstances. They were educated and informative but engaging and personable. Yes! 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). Sent pictures of him " resting peacefully" at the race on his side laying down in the middle of the day? MyRacehorse are trying to sell a 40% share in it for $330 000. A Friesian horse normally worth $15,000 that is selling for $900, is generally also a scam. MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. Everything is spelled out prior and after your investment. If you want to throw away your money then this is the place for you! 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. Another horse ran one race and didn't even finish. Fail. 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 knew the purchases would not yield any sort of ROI, but purchased for the love of the sport and personal interest in racing. These badges provide access to special race day privileges, including the backside, paddock, special seating and if lucky enough, the winners circle. 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. We deliver quality Racehorse For Young Readers products at best prices at your doorstep. Love it MyRacehorse should be viewed like losing money at the casino. They say that they are only charging you $62 for the value of the horse. A veterinarian will stop in thr barn everyday. The Site may contain forward looking statements which are not guaranteed. War Safe is on target to make a start at Turfway Park on Thursday, January 19th! View filinghere. And one has to realize, horses are a risky investment - some don't end up going fast, some get hurt, some get sick, etc. 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. 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. 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. You as the unit holder pay the whole whack after that. That to me says all you need to know. I do own a share in Tizamagician which just happens to be 1 of 5 horses that myracehorse has turned a profit on, but their product should be viewed strictly for entertainment purposes. (All Weather Track) MyRacehorse has a consumer rating of 2.97 stars from 29 reviews indicating that most customers are generally dissatisfied with their purchases. Markup varies but thats just a thumbnail idea. 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 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. McAfee does not analyze myracehorse.com for mature or inappropriate content, only security checks are evaluated. 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. 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. While technically correct, it's pretty misleading and if they think they have any decision making in it they are pretty delusional. Hey wow what a fun bonus! It is a complete scam! For additional commentary, follow us on twitter @jsiegelracing. It's become day trading more than an 'investment'. myracehorse.com: Read Pros, Cons,Reviews and More MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. 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. (Unless you are running a microshare syndicate and marking up $1M horses to $10M, which is of course a great idea). Six And One Half Furlongs. When bills pop up, MyRaceHorse pays them out of that. Thats the whole point of it is to increase peoples attention and to be part of it even if it is .0001%. You have just owned one of the greatest racehorses weve ever seen. Put in a request for a paltry $155.44 withdrawal on 3/9/2022. But to buy in you have to pay $165, not $62. Ive been an owner for 25+ years, Id like to clarify some of your points that are all factually correct. With regard to communications by MyRacehorse on the Site to gauge interest in a potential Securities offering pursuant to the Regulation A exemption from the registration requirements of the Securities Act, including opportunities to reserve Securities as indications of interest in the potential offering, please note (i) that no money or other consideration is being solicited thereby, and if sent in response, will not be accepted, (ii) no sales will be made or commitments to purchase accepted until the offering statement for the potential offering is qualified by the U.S. Securities and Exchange Commission, (iii) any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date, and (iv) an indication of interest is non-binding and involves no obligation or commitment of any kind. This whole thing is a rort, a scam, and a con. It's a very good system - when the horses win, there's a payout. I own one micro-share in 8 different horses. Staff; Opening hours; Timetable and routines; Fees 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. Is it Legit? IS Going to Vegas And Justify the only two that have returned a positive return? And took 10% of cost $14,000 For buying the horse. Shares start at $95 and go for as little as 0.01 percent of the price of actually buying the horse, minus training and maintenance costs. Of course they have to cover the reserves (food, entry fees, etc.) It doesnt bring money into the industry. 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. 4. If they don't respond we plan to file a complaint with the SEC. Keep up with Thoroughbred racing when youre on the go! At this rate it will take YEARS to show a profit. 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. 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. Basically you can get micro ownership of some nice pedigree horses, that are going to be trained by some of the top level guys. Omg thank you! The app divvied the stake into . It's a GREAT concept. It is part of the territory and is made up in actual work they do. No more to pay, and hopefully around 5 years of fun. Opportunity to own part of a Racehorse that has Tremendous Potential to be Great. I really like the MyRaceHorse business model that covers racing and training expenses through winnings deductions rather than quarterly expense charges. Claiming Price $15,000, For Each $2,500 To $10,000 1 lb. We're enjoying those training videos and reports as well! We can't wait to see what the rest of 2023 has in store for both these horses. 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. 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 I read one of the negative responses below in respect of a 95 cent payout. I'm not happy. 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. What they are really offering the come in spinners is 0.02% of a 40% share in the horse. "It's equity-based.May 2, 2019 Can you make money with MyRacehorse? 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. Wow, you just completely destroyed MyRacehorse with this update. You are here: did robert kardashian write a book tidio chat documentation is myracehorse legit. Myracehorse people were up front with money issues. lol there is no financially smart way to get into racehorse ownership. There is alot of gatekeeping with the sport of horseracing. Because the suckers real share of the whole horse is just 0.008%. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Part of the expenses was mortality insurance! 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. This is not legitimate and you will not actually own anything. myracehorse.com is hosted by AMAZON-02 - Amazon.com, Inc., US. Had shares of the chad brown bundle, of the three horses, all seemed to turn out lame so far. Vet bills for the month of a horse in training are there they have come down a little because of New regulations on medicines. Yes. I bought shares in lane way. They decide to sell at auction so on every share you lose $ 161. Its given me exactly that. Be safe from hackers and unwanted bills. I bought into vow. Rating 4.0/5 Votes 65 Recommended: Good App Table of Contents: Software Details Reviews Alternatives Report Issue. Just imagine what their payout would be for a horse that's NOT this great! Live and learn. These claiming races allow all of this to happen, but the upside comes with the inherent risk of your horse being claimed. Hi Marvin, We've had a number of horses be profitable ventures for their partners including Going to Vegas, Street Band, and Vertical Threat. All investors should make their own determination of whether or not to make any investment, based on their own evaluation and analysis. Stand in the winner circle with us and be apart of history. "It was unbelievable," Behrens said. 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 purchase price was $280 000. My racehorse completely overvalues the microshares in horses where the investors is covering all the costs and has barely any upside. But to buy in you have to pay $165, not $62. Save your money. 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. Horses often placed in spots for advertisement and not winning. Ahead of Authentic's start in Saturday's Preakness, Behrens said interest has exploded . Once you buy in there are no added expenses. 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. Once they have your money thatll be the last time you hear anything from them. Some rainers will add Race Day fees. It's also a lot of fun to own a horse and see it race (online the last 18 months - maybe in-person soon!) Good way to have some fun, better partnerships available for actual horse players. You have to read the fine print to get the real picture. MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. But a way to bring people into the sport, which it needs WAY more than better value propositions. 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. Yes. You also receive a bunch of video updates of the horse - workouts, feeding, resting, etc. You are paying $68 every year after that for every year it races on. Eh - Im a member and have had a lot of fun with it. 3. Diversify your own stable of MyRacehorse offerings. Grade B=Solid Play. Zero stress. Always back the horse named self-interest, son. No horse in Australian history has won more than $20 million on the track. My first filly was claimed after 3 races in which she had wins and placing. Be happy the sport is getting attention from elsewhere. Big problems are the expenses when your horse isn't performing and when the time comes to get rid of one. Don't expect to make money but you will have excitement worth more than money! Bought into a horse for $301, horse won 4 out of 11 races. They say that they are only charging you $62 for the value of the horse. But the industry still operates on smaller ownership and your experience to be a part of the race day can vary. I always loved the sport and this brings a whole new level of being apart of it! Horses are entered into a suitable race when they are fit and healthy. The negative reviews are just plain wrong. The MRH marketplace connects buyers and 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. You are only six questions away before we can help you to get started! With MRH I can get all that for ??? 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. I cant even see the 20+ horses I own. Another bonus is to get brief interviews of the jockeys after the race where they explain from the jockey's view how the race went ("she had a lot of stamina left, we just got caught in traffic near the start"). Hi Penelope, we ecstatic to read your comments; thank you. In a way my dad lives on through my horses everyday. She has since had 15 starts after leaving MRH ownership. 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. Allows you to own a horse and pass this family event throughout generations. 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. 20 percent of your money is being paid to the promoters as a management fee. 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. As you may know, we have large stables throughout the United States, the United Kingdom, and Australia, managing over 120 horses for more than 50,000 owners. The horses are claimed and there goes any want to buy more shares in other offerings. So, the horse was sold to a petting zoo or hobby farm. Hi Cathy, So glad to hear you enjoyed your experience last fall. 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." 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. is myracehorse legit. By joining this group you accept to comply with MyRacehorse's Group Expectations and Rules: 1. 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. MyRacehorse is not an investment advisor, broker-dealer or crowdfunding portal and does not engage in any activities requiring any such registration. You are strongly advised to consult your legal, tax and financial advisors before investing. Learn about the racing business and feel and BE a part of it. MyRacehorse are skimming an additional 30-40% off the top. Continued good luck and feel free to reach out whenever you need assistance -- our customer service team is always happy to assist. before paying out cash. Those seeking another level of ownership experience can purchase a race day ownership badge. Kept from racing for "mental issues," and when he went back managed 8th place out of 8. Ron Quinton a Group 1 trainer who is not associated with MyRacehorse advises clients to allow $45 000 a year for costs. Because the suckers real share of the whole horse is just 0.008%. You get a "microshare" level of the horse owner's experience. 95 CENTS! MyRacehorse 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. At the top end the overall annual cost to train a horse, with all things included, is $50 000 $60 000 maximum. Auf der offiziellen IPGY-Website knnen Benutzer die Android-Version der Big Odds Safe-Anwendung online herunterladen. I completely understood what it was going in. They added another location, Australia, in June of 2021, and currently have 36 horses there and over 12,000 owners Down Under. I cant wait to see him run. "Surreal doesn't begin to describe it.". Bet Horse Races Legal & Safe. Their big banner headline claim is not quite correct though, or anywhere near it. 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. Thus if the horse is injured prior to selling off they lose $85,000 ($75k + xrays, tax on $75k, vanning vets). one of Dortmunds last crop of foals. Have contacted MRH 3 times. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. So bottom line, no I probably won't get rich, but MyRaceHorse treats its investment partners superbly. 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. This company is just your donation not an investment. Do I get a refund get the same % ownership in new horse. While most issues have legitimate . 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. Do not waste your money. 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. There is this ongoing balance between the economics of managing your thoroughbred and ensuring he or she can remain in the stable. The MRH marketplace connects buyers and . This is the only micro share partnership for me in the future.
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