That was nice. Thank you to My Racehorse. I bought into vow. Just imagine what their payout would be for a horse that's NOT this great! Weight, 122 Lbs. I currently have shares in all 6 of the babies in training, It is awesome watching the videos and reading the training reports . Horse Racing Betting. To keep my fathers memory alive since he called me mustang. This is their payout for a horse that's a major, top money maker. Live and learn. My horses have been ill or injured or recuperating. In my opinion, MRH really overvalues some of these horses they buy at auction with the most recent example being a horse who won an 8k maiden claimer at GGF when they purchased that horse for 70k. 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. Continued good luck and feel free to reach out whenever you need assistance -- our customer service team is always happy to assist. 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. It's become day trading more than an 'investment'. In addition to the app updates, the MyRacehorse ownership team will provide a suite of experiential services for owners. So far their customers are getting sucked into high priced yearlings with poor pedigree ratings and race records. 20 percent of your money is being paid to the promoters as a management fee. Hey wow what a fun bonus! MyRacehorse is an ownership platform that makes it possible for anyone to own a myracehorse.com: Read Pros, Cons,Reviews and More MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. is myracehorse legit. 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. Avoid investing in this myracehorse site. MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. You have to read the fine print to get the real picture. 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 love myracehorse. Learn about the racing business and feel and BE a part of it. Be Kind and Courteous Please please please find a better partnership syndicate that cares about their owners and horses more than these jerks. Plus, with the equity you also get to enjoy any race . Checking with the professional handicappers gives you an idea too. We can't wait to see what the rest of 2023 has in store for both these horses. To make a long story short, I was told that they could not accommodate my request. I would suggest doing more research and looking to spend money somewhere else if you want to get into the horseracing game. Currently in Florida, You gotta have goals and owning a racehorse has always been one of them. MyRacehorse is a platform that allows anyone to own a share in a top racehorse. 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. For a stay at home senior citizen who has been a lifelong racing fan, it is the answer to my dreams. Claiming Price $15,000, For Each $2,500 To $10,000 1 lb. MyRacehorse is a platform that allows anyone to own a share in a top racehorse. In other words, you are overpaying. Rating 4.0/5 Votes 65 Recommended: Good App Table of Contents: Software Details Reviews Alternatives The yearling in question was sold just three months ago through the Magic Millions sale ring. The promoters dont own a share in the horse, the unit holders do. Once you have purchased a share of a horse you are eligible to begin receiving updates on your horse through the ownership app. lol there is no financially smart way to get into racehorse ownership. MyRacehorse has over 100 horses in training in America and over 50,000 registered users. 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 . I also agree on anyone who calls themselves an "owner." before paying out cash. 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. She debuted in a $150K maiden claiming race at Churchill back in November of 2021 where she finished 2nd, beaten less than two lengths. A class act and a lot of fun. You will not own a horse or even be treated as such. My Racehorse is a great opportunity for entertainment. MyRacehorse is a brilliant concept which is executed flawlessly. Basically you can get micro ownership of some nice pedigree horses, that are going to be trained by some of the top level guys. Another horse ran one race and didn't even finish. This is not legitimate and you will not actually own anything. MyRacehorse are trying to sell a 40% share in it for $330 000. 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. Zero stress. So he couldn't run. 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 Do I get a refund get the same % ownership in new horse. World's #1 Fraud. These prospects have ties to some of racing's biggest. Admittedly its two years old, but costs havent gone up that much. They dont get to do anything as an owner besides tell people theyre an owner. 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. Looking forward to the future with MRH. This ful Table of Contents: With MRH I can get all that for ??? How does my racehorse work? Unfortunately, horses get injured, don't make the races, and underperform. 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? 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. Unbelievable RIP Show Your Cards! Costs of ownership are very expensive and most horses won't earn enough to cover their training and care costs, let alone their purchase price. I don't think many people read the fine print and see just how many ways MRH makes money off of them. 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. We're enjoying those training videos and reports as well! Allows you to own a horse and pass this family event throughout generations. 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. Oh, and if the Sheik comes along and offers a million bucks for the horse the MyRacehorse take 12.5% of it too. 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. Their big banner headline claim is not quite correct though, or anywhere near it. Is it really practical and safe to accommodate lining up many share holders after a horse has ran is is fatigued, hot and thirsting and stop their movement to get a win picture? MyRacehorse is a marketplace designed to allow every fan an opportunity to buy into a racehorse. Bottom line save your money and if you do buy into don't expect to ever be in the black. 5. MRH fee of 20% of offering, 7.5% of net prize money, and 12.5% of final net sale. Tip for consumers:Buy with myracehorse. That's one of the reasons why we've consistently expressed to partners the importance of diversifying their stables. I mean I know no one is going to get rich with 0.01% ownership. No trainer charges $80 000 a year. 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. Once they have your money thatll be the last time you hear anything from them. So where does your other $103 go? Not one person I know of has made a profit. and bet on it and see it win! 996 talking about this. The #1 Horse Racing site for news, free picks and the Kentucky Derby, Click the icon above to search for an app of your choice to compare. No more to pay, and hopefully around 5 years of fun. 1st class operation. In a way my dad lives on through my horses everyday. They were educated and informative but engaging and personable. We make ownership of elite horses more accessible at a one-off affordable price," MyRacehorse CEO Michael Behrens said. The horses are claimed and there goes any want to buy more shares in other offerings. A filly named Vow. I grew up as a kid running around Delta Downs. Dont shit on peoples parades because they are small share owners who arent millionaires. Had shares of the chad brown bundle, of the three horses, all seemed to turn out lame so far. Thus if the horse is injured prior to selling off they lose $85,000 ($75k + xrays, tax on $75k, vanning vets). Everything is spelled out prior and after your investment. And the payouts are immediate. Maybe start off slow and go from there. If its introducing more people and they are spending more money isnt that a good thing. So we launched MyRacehorse by introducing our new product, the micro share. 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. Stand in the winner circle with us and be apart of history. 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. 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. 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. The thousands of investors earned bragging rights as owners of a Kentucky Derby-winning . We use cookies for analytics, personalization, and ads. MyRacehorse are skimming an additional 30-40% off the top. I own mini shares in six at a total cash outlay of less than $1,000. Its actually going to do the opposite of what you believe, pushing small mom and pop orgs to the brink while the big farms monopolize the breed. My racehorse.com offers micro shares in their excellent quality, very expensive race horses. 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. The app divvied the stake into . Welcome to the future of horseracing, where you can legally buy shares in top racehorses. Talk about a huge loss. 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 really don't think most people do. coupons for your favorites apps every week. 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. Search. 95 CENTS! Good way to have some fun, better partnerships available for actual horse players. 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. Since launching in California last year, MyRaceHorse has offered up 35 horses to investors and most of them are already sold out. Now I can focus on that private jet . 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. What is MyRacehorse? Nextiva efax overcharged me for an entire year even before the monthly trial expired able to use the service at all . For additional commentary, follow us on twitter @jsiegelracing. DO NOT USE THIS PLATFORM AS AN INVESTMENT. Someone on here said it's like buying into an illusion and some people like that. 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-. Horses are entered into a suitable race when they are fit and healthy. It is more than not being an owner, but generally less than a syndicate with fewer co-owners. is myracehorse legit. 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. and our But I have some reports of high end syndicates having no interaction with horses and/or trainers either, so there are no guarantees. Everything is spelled out prior and after your investment. 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. MyRacehorse are trying to sell a 40% share in it for $330 000. Reddit and its partners use cookies and similar technologies to provide you with a better experience. I am not a part owner of many racehorses to make money. If you want to be competitive and are not in the top echelon of racing, you will run for a claiming tag. My racehorse completely overvalues the microshares in horses where the investors is covering all the costs and has barely any upside. MyRacehorse grabbed the spotlight on the biggest racing stage in America Sept. 5 when . With this, my only complaint is the lack of races for the horses purchased. MyRacehorse is excited to offer owners the chance to enjoy an unforgettable opportunity to see their two-year olds and experience the magic and tradition of one of racing's most important venues in Ocala, Florida. I've been very enthusiastic about MRH from the time I bought shares in my 1st two horses and a share in the Super Star bundle. App not working? 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). Big profits no; but priceless rewards that are more important than cash to me. I own one micro-share in 8 different horses. For the money paid, the bad news just seems to layer every week. Then I went to see her run at a MyRacehorse event and I was hooked! 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. 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