I also agree on anyone who calls themselves an "owner." Talk about a huge loss. I want to sell my shares but there doesn't seem to be a provision for it! 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. I own mini shares in six at a total cash outlay of less than $1,000. 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. What is MyRacehorse? MyRacehorse also takes 7.5% of any prizemoney earned, which is a boiler room scam if you have ever seen one. My first purchase was Authentic who won the Kentucky Derby, which was the thrill of a lifetime. We have our traditional allowance conditions of Non-winners of 1,2, and 3 races and then its stakes or claiming. It'll be the only one trying. The yearling in question was sold just three months ago through the Magic Millions sale ring. That's part of the risk/reward. Hi Derek, we loved reading your comments and thank you for being a continued supporter of MRH. You'll fell more apart of the sport by just placing a few bets. ownership groups and top trainers. Your chances of winning a 10-to-1 bet are better than breaking even with MyRacehorse. 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 The events are a lottery with thousands trying to be included and little time to travel if you don't know if you are included. 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. All Reviews 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. Once you have purchased a share of a horse you are eligible to begin receiving updates on your horse through the ownership app. If I owned the 20,000 dollars worth of Facebook stock I wouldnt go around saying that I am a co-owner of Facebook. Your cash outlay is finished the day you buy into a MyRacehorse horse. I love screaming at the TV as they run down the final stretch. Free Free 4.2 Ratings 263+ Reviews 10K+ Downloads Ratings & Reviews Positive Reviews Negative Reviews Expert Reviews Related Apps 4.2 263+ Ratings 5 70+% 4 8+% 3 6+% 2 0+% 1 14+% Filter Reviews Most Helpful Most Recent Community Write a Review Jul 26, 2022 Be happy the sport is getting attention from elsewhere. Seat at the track were on the finish line, food was tasty and great service. I'd say tizamagician,going to Vegas and authentic have done really well. No more to pay, and hopefully around 5 years of fun. 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. I am not sure of the extent of the ownership with the shares that I have , If MRH owns these horses throughout their racing careers and into the breeding sheds ,do the shareholders reap any of the benefits from the breeding ? Very professional outfit. I really just wanted a cheap way to have a rooting interest a bit more than just a random wager. Potential investors should read all of the investment documents that are provided to them. So we launched MyRacehorse by introducing our new product, the micro share. 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. Report Issue. And so much fun! share in a top racehorse for as little as $100. Omg thank you! Acquisition Costs:$8 - Includes Vet Check and Bloodstock Fee, 3. Save your money. MyRacehorse competes with other top alternative investing stores such as Vinovest, Masterworks and AltoIRA. They are no place for minor share holders especially a lot of them. Then asked that no one mention it on social media? Again, not trying to demonize anybody or make them feel bad, I just dont want people who are new to ownership to be taken advantage of.. Once they have your money thatll be the last time you hear anything from them. 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. When things like boarding, trainer costs, vet, feed, vanning, etc. Mrh gets 10% off the earnings after 10% Jockey/Trainer w/small incidentals, therefore you would have to have your horse earn close to a 1m depending on the shares sold and price to break even. Horse can blow a race in the paddock. For additional commentary, follow us on twitter @jsiegelracing. Terrible value, I agree. 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 Privacy Policy. 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. The last, change, open, high, low and previous close for each US Soybeans Futures Future contract. is myracehorse legit. I made back about a third of what I paid for her share. myracehorse.com is hosted by AMAZON-02 - Amazon.com, Inc., US. It gets better, or worse as the case may be. That amount is actually correct for a 1/2000th share of 40%. My first filly was claimed after 3 races in which she had wins and placing. It will be very difficult to make a profitable return with an investment in a horse with the specific terms and conditions. Possibly you may break even. Reddit and its partners use cookies and similar technologies to provide you with a better experience. It doesnt bring money into the industry. Ron Quinton a Group 1 trainer who is not associated with MyRacehorse advises clients to allow $45 000 a year for costs. The official horse racing community of Reddit. These claiming races allow all of this to happen, but the upside comes with the inherent risk of your horse being claimed. If you want to be competitive and are not in the top echelon of racing, you will run for a claiming tag. Tara U THEY SCAM THOUSANDS OF PEOPLE WITH THEIR FLOWER ORDERS. Secure Shopping Free Shipping! Look, I'm a grad student who is really into horse racing. Authentic will likely bring me about $600 to $1,000 annually in future income through stud fees. The Keeneland and Farm Tours are owner favorites! Congrats on your experience with GTV and best of racing luck in 2023! Plus, with the equity you also get to enjoy any race . 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. The MRH team not only keeps us up to date on our horses progress but is incredibly easy to reach in a one-on-one basis. I know quite a few people in this industry and can get a more personal experience elsewhere. 01% of a share is exactly that. But a way to bring people into the sport, which it needs WAY more than better value propositions. At this rate it will take YEARS to show a profit. With no ongoing fees, it's all fun when. In the past our bundles have included Graded Stakes winners including Moonlight d'Oro and Sixtythreecaliber, and multiple stakes winner Provocateur which have helped offset the inevitable horses who won't make the races, underperform to expectations, etc. I'm an owner who loves watching my thoroughbreds racing at the top of their game. Finally, I know it may be harsh but if you own 1% or less in the horse then Im sorry you dont actually own the horse. Let's just take the first offering on the front page. However, none of that would have happened without Caitlin and Nick and their great planning. Last is that the share price includes 2 years of cost but there are provisions for if that dies not happen. Your real card info stays hidden. Dec 19 The adrenaline is always flowing for an owner when their horse reaches the starting gate for the first time and if that maiden voyage yields a victory, well that's just one of the sweetest scenarios possible. So in some cases the winnings end up just going back to prop up the reserves. We have over 1,000,000 users and companies will listen to us. So I saw a commercial for the the site and it had me curious. No trainer charges $80 000 a year. Etc no response. This has not been the positive experience I had hoped for. We make ownership of elite horses more accessible at a one-off affordable price," MyRacehorse CEO Michael Behrens said. From the moment I got my first share it has been an E Ticket Ride. 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. Live and learn. 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. MyRacehorse is a totally legit app. These are all the main negatives of MyRacehorse! before paying out cash. Fail. Why? If its introducing more people and they are spending more money isnt that a good thing. 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-. You could feel more part of a horse and make more money if you bet $2 to win everytime and then just bought a win picture for $15 if the horse won. MyRacehorse are trying to sell a 40% share in it for $330 000. Is MyRacehorse Legit? This is 3/31/2022 and STILL have not received payment. 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. The company is sold out of shares in any horse, according to its website, but it plans to offer more in the future. I've purchased shares in a bunch of horses via MyRaceHorse.com. Our team strives to deliver a wonderful experience and we are so grateful to all of our partners who are part of our amazing community. MyRacehorse is very safe to use. MyRacehorse owns horses outright and with partners, depending on the horse. "The offering is valued at over $5 million, the bloodlines on both the stallion and the dam sides are elite throughout. Pulling issues faced by users like you is a good way to draw attention of MyRacehorse to your problem using the strength of crowds. The yearling in question was sold just three months ago through the Magic Millions sale ring. 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. 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. Ponce motors Deceptive car sales Austin Texas . myracehorse.com: Read Pros, Cons,Reviews and More MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. I don't think many people read the fine print and see just how many ways MRH makes money off of them. 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. It's a very good system - when the horses win, there's a payout. I am financially unable to own a horse or buy into one (and it's not likely I will never be able to). 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? Prepaid Expenses:$74 - Includes 2 Years Prepaid Training, Admin and Mortality InsuranceManagement Fee. 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 . 20 percent of your money is being paid to the promoters as a management fee. Staff; Opening hours; Timetable and routines; Fees MyRacehorse is not an investment advisor, broker-dealer or crowdfunding portal and does not engage in any activities requiring any such registration. Well, for some people, it is indeed the closest they are ever going to get. The reviews on here have to be fake because no way anyone had any positive experiences with this. Grade B=Solid Play. She was second in her debut beaten by lady scarlet who lost to echo zulu earlier this year of all horses..to me that's a win. 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. Not one person I know of has made a profit. They decide to sell at auction so on every share you lose $ 161. Sent pictures of him " resting peacefully" at the race on his side laying down in the middle of the day? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. I read one of the negative responses below in respect of a 95 cent payout. MyRacehorse are skimming an additional 30-40% off the top. Cookie Notice It was no hidden secret. App not working? To keep my fathers memory alive since he called me mustang. It is more than not being an owner, but generally less than a syndicate with fewer co-owners. Unlikely you will ever make money. For those that are able to get to the tracks, wonderful live events. MRH fee of 20% of offering, 7.5% of net prize money, and 12.5% of final net sale. But now after watching how fast the teams are unloading horses they deem unflattering to MFR, is making me reconsider my future participation. The ad clearly stated Myracehorse owned 12.5% of the horse. They were educated and informative but engaging and personable. Six And One Half Furlongs. Thus if the horse is injured prior to selling off they lose $85,000 ($75k + xrays, tax on $75k, vanning vets). This ful Table of Contents: Good luck with your horses. Seeing them lifts my days. Myracehorse.com traffic estimate is about 4,430 unique visitors and 13,290 pageviews per day. That amount is actually correct for a 1/2000th share of 40%. And took 10% of cost $14,000 For buying the horse. Up and coming company that is going Global. That to me says all you need to know. 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. Since launching in California last year, MyRaceHorse has offered up 35 horses to investors and most of them are already sold out. 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. Thank you to My Racehorse. You also receive a bunch of video updates of the horse - workouts, feeding, resting, etc. Bottom line save your money and if you do buy into don't expect to ever be in the black. This is the only micro share partnership for me in the future. Here is an example. (all numbers are approximate) MyRacehorse works most of the time. The educational pieces and updates are first class. What a performance from Hero Status on Sunday at Santa Anita. MyRacehorse has a consumer rating of 2.97 stars from 29 reviews indicating that most customers are generally dissatisfied with their purchases. 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. Which will forever be written in the books. 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. 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. Anyway they took him to the vet and put him down. A Friesian horse normally worth $15,000 that is selling for $900, is generally also a scam. Press question mark to learn the rest of the keyboard shortcuts. Subscribe to get reviews, recommendations, and more with AppGrooves! 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"). 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. That's outrageous I invested in a couple micro shares of one horse back when MyRacehorse started here in California. 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. "It was unbelievable," Behrens said. Race 5 - POST Time - 7:55 PM ET Turfway Park MAIDEN CLAIMING $15,000 - $10,000 . Highly recommended as a fun way to participate in horse racing at modest cost. I asked MRH if they are in the black and got no response. 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. "The MyRacehorse Super Stable is the perfect articulation of our brand. All investors using the Site must acknowledge and accept the high risks associated with investing in the Securities. In other words, you are overpaying. If you want to throw away your money then this is the place for you! 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. Same thing for fillies, we'll sell them at public auction where MRH owners receive their share of the final sales price. 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. My issue is I want to be involved, seeing my horse, trainer, jock and the backside so the chances of that are slim. If you buy into MyRacehorse, do so with your eyes open and accept that it is for fun and. MyRacehorse has a consumer rating of 3.18 stars from 22 reviews indicating that most customers are generally satisfied with their purchases. You as the unit holder pay the whole whack after that. Checking with the professional handicappers gives you an idea too. 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). 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. Best of racing luck in 2023! My horses have been ill or injured or recuperating. I just think its terrible value for money for newcomers to be starting out. Welcome to the MyRacehorse Australia Owners Group. Create a free account to receive new My greyhound is more photogenic than I could ever hope to be, Biggest trifecta Ive hit in quite a while (Aqueduct R8). Welcome to the future of horseracing, where you can legally buy shares in top racehorses. They are quickly turning horses with promise to the sales ring to be sold or placed in low claiming races. I cant wait to see him run. By using Sitejabber, you agree to our Terms of Service and Privacy Policy. Get started today. With a part ownership I deducted: The DRF Mileage to the track and home (.26/ mile I think), we made sure to take vacations to places that had a track, chaching airfare, hotel, etc etc because I went to look for horses to buy, business trip) plus training expenses, plus plus. Of course they have to cover the reserves (food, entry fees, etc.) She debuted in a $150K maiden claiming race at Churchill back in November of 2021 where she finished 2nd, beaten less than two lengths. 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. Prior to any investment in any Securities, you should review a copy of the current offering circular relating to those Securities included in the corresponding offering statement filed with the U.S. Securities and Exchange Commission, by visiting the following url:My Racehorse CA LLC CIK#: 000174448. CHAOS RATINGS, OAKLAWN, JAN 15, RACES 6 THRU 9, Press J to jump to the feed. Early morning the last day I was going to be at the track I called MYRACEHORSE and requested that a representative make arrangements for me to visit one of the horses I own with MYRACEHORSE in her barn. And get similar app recommendations worth your time. They absolutely do not get backside access. 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. Currently in Florida, You gotta have goals and owning a racehorse has always been one of them. 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. Gain trust and grow your business with customer reviews. 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. You have to read the fine print to get the real picture. I bought a few shares of a horse (Collusion Illusion) last year. 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. Because the suckers real share of the whole horse is just 0.008%. We look forward to keeping our momentum going strong in 2023.
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