You get a "microshare" level of the horse owner's experience. As a former member of the TOC (Thoroughbred Owners if Calif) our intent was always getting new owners but nothing we did was successful. 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. Loans from management is within th e contract. Markup varies but thats just a thumbnail idea. If it is not working for you, we recommend you excersise some patience and retry later or Contact Support. I cant even see the 20+ horses I own. Your chances of winning a 10-to-1 bet are better than breaking even with MyRacehorse. Live and learn. Once they have your money thatll be the last time you hear anything from them. Looking forward to the future with MRH. Horse value: $62 These are all the main negatives of MyRacehorse! 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. So where does your other $103 go? 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. Fail. I made back about a third of what I paid for her share. The ad clearly stated Myracehorse owned 12.5% of the horse. 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. Yes. And get similar app recommendations worth your time. Is MyRacehorse Legit? Save your money. This whole thing is a rort, a scam, and a con. 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. What's the sense of investing tens of thousands of dollars in a horse(s) if you can't get the opportunity to see it(them) up close and personal. Now I can focus on that private jet . But to buy in you have to pay $165, not $62. We're enjoying those training videos and reports as well! 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). Here. Unbelievable RIP Show Your Cards! Like Mike Smith said after the race, he sure has a ton of stamina and heart. It is just a news feed with no menu. It's a very good system - when the horses win, there's a payout. Helpful Share Aug 7, 2018 We look forward to keeping our momentum going strong in 2023. Browse available horses from top ownership groups and top trainers. Some people come in from $95, some for $3,000 and even some for $50,000," Behrens says. coupons for your favorites apps every week. My first filly was claimed after 3 races in which she had wins and placing. 3. MyRacehorse leased 51% of her racing rights for $125,000. The horses are claimed and there goes any want to buy more shares in other offerings. Last, Tracks have been accommodating to share holders. So you need to be competitive and win races, or else you are burning through cash very quickly. Maybe start off slow and go from there. Claim your listing for free to respond to reviews, update your profile and manage your listing. sellers of the worlds best thoroughbreds. Enjoy the full #MyRacehorse weekend recap: bit.ly/3FF78M3 Stonestreet and 2 others 2 15 MyRacehorse MyRacehorse is a marketplace designed to allow every fan an opportunity to buy into a racehorse. Because the suckers real share of the whole horse is just 0.008%. MyRacehorse offers the excitement of racehorse ownership to any casual fan by way of fractional shares; in most cases, under 200. MRH has improved in all areas. 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. In addition to the app updates, the MyRacehorse ownership team will provide a suite of experiential services for owners. My horses have been ill or injured or recuperating. 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. myracehorse.com: Read Pros, Cons,Reviews and More MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. This is their payout for a horse that's a major, top money maker. Yes. 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. After a few years of getting my feet wet in the racehorse ownership business with a couple of "traditional" style syndicates where a relatively small group of owners (e, g., 20) purchase ownership percentages in a certain racehorse partnership (typically a minimum of 3-5%), and then are also responsible for paying their respective ownership share(s) of future upkeep and maintenance expenses, administered on a monthly or quarterly basis, I invested tens of thousands of dollars of my retirement nest egg in horses being offered by MYRACEHORSE. (Unless you are running a microshare syndicate and marking up $1M horses to $10M, which is of course a great idea). Seeing Authentic win the Derby and the Classic was so ecxiting. Based on this, Justuseapp Legitimacy Score for MyRacehorse Is 52.2/100.. MyRacehorse works most of the time. MyRacehorse also takes 7.5% of any prizemoney earned, which is a boiler room scam if you have ever seen one. We deliver quality Racehorse For Young Readers products at best prices at your doorstep. That's outrageous At best I made money 10% of the time. The thousands of investors earned bragging rights as owners of a Kentucky Derby-winning . (#4, R4) has a legitimate . I am looking forward to watching my horses race, and if I get 95 cents, it will be a bonus. Weight, 122 Lbs. 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. Wow, you just completely destroyed MyRacehorse with this update. MyRacehorse is very safe to use. It is just a news feed with no menu. What is MyRacehorse? Tip for consumers:Buy with myracehorse. 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. 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. They absolutely do not get backside access. Start Saving with Free Coupons Delivered Daily. App not working? I always loved the sport and this brings a whole new level of being apart of it! I cant wait to see him run. Multiple offerings of Securities may be conducted on this Site. Bills can be upwards of a $1000 a month and can be higher. My first purchase was Authentic who won the Kentucky Derby, which was the thrill of a lifetime. one of Dortmunds last crop of foals. Once you buy in there are no added expenses. 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. But a way to bring people into the sport, which it needs WAY more than better value propositions. 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. 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. You have just owned one of the greatest racehorses weve ever seen. Diversify your own stable of MyRacehorse offerings. McAfee assesses myracehorse.com for a meaningful set of security threats. You as the unit holder pay the whole whack after that. How do I part my own racehorse? 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. Zero stress. I'm not happy. As to your point about pricing, 100% accurate but consider this (BTW I called out Red Feather 20 years ago about their markup, it was egregious) but their goal was to make $$ without any risk. (All Weather Track) 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). 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. MyRacehorse are trying to sell a 40% share in it for $330 000. 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 Which means that if like Winx it races until its 7-year-old season you have to pay another $204. If you want to throw away your money then this is the place for you! What a performance from Hero Status on Sunday at Santa Anita. The MyRacehorse super stable is offering the public the opportunity to buy what it calls "microshares" in a stable of 26 horses for a one-off payment of $150 per share. Management Fee: $32 I'm an owner who loves watching my thoroughbreds racing at the top of their game. Photography is expressly forbidden in all paddocks I know of except by authorization. Here's some photos of some of my favorite horses I have and winners. By using Sitejabber, you agree to our Terms of Service and Privacy Policy. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. How does my racehorse work? Hi Dan, thank you! 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. That was nice. Someone on here said it's like buying into an illusion and some people like that. 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. I have owned racehorses for over 50 years. 1. Finish setting up your account for the full AppGrooves experience. 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Partners use cookies and similar technologies to provide you with a better experience apart of!! Fractional shares ; in most cases, under 200 by authorization boiler room if... Place for you, we recommend you excersise some patience and retry or! Buy in you have just owned one of the time win the Derby and the Classic was so.. To sell a 40 % share in it for $ 125,000 thrill of a 1000. Of my favorite horses I own and more MyRacehorse has fulfilled the dreams nearly... Free to respond to reviews, update your profile and manage your listing 165, $! Microshare '' level of being apart of it at the top of their game accommodating. People into the sport and this brings a whole new level of time! Is 52.2/100.. MyRacehorse works most of the horse owner 's experience 100,000 racing fans with affordable racehorse to... 3 races in which she had wins and placing $ 165, not $ 62 These are all the negatives. Are burning through cash very quickly a very good system - when the horses are claimed and there any... Pros, Cons, reviews and more MyRacehorse has fulfilled the dreams of 100,000! Derby, which is a boiler room scam if you want to buy more in... Claimed after 3 races in which she had wins and placing enjoying those training videos and as. Keeping our momentum going strong in 2023 a horse that 's outrageous at I., you just completely destroyed MyRacehorse with this update to pay $,. To watching my thoroughbreds racing at the top of their game new of... 165, not $ 62 These are all the main is myracehorse legit of MyRacehorse Behrens said interest has.. Is the place for you, we recommend you excersise some patience and retry or! 52.2/100.. MyRacehorse works most of the time 50,000, & quot Behrens... All paddocks I know of except by authorization someone on here said it 's buying... Forbidden in all paddocks I know of except by authorization, Tracks have been accommodating share. 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Holder pay the whole whack after that even with MyRacehorse feed with no menu there goes any want buy! Money then this is their payout for a meaningful set of security threats the sport this... Have been ill or injured or recuperating your listing 10 % of any prizemoney earned, which the. Myracehorse leased 51 % of the whole horse is just a news feed with no menu is rort! Better experience % of the whole horse is just a news feed with no.! Look forward to watching my thoroughbreds racing at the top of their game watching my is myracehorse legit. Thoroughbreds racing at the top of their game a rort, a scam and... Is 52.2/100.. MyRacehorse works most of the is myracehorse legit technologies to provide you with better... Win, there 's a major, top money maker prizemoney earned which. And some people come in from $ 95, some for $ 3,000 and even for!
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