3 is the fee to trainer and then then my racehorse takes a monthly fee too.and innsurance premiums are taken out too, which comes out to $6166.66 per month or $405.47 per day. 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). MyRacehorse offers the excitement of racehorse ownership to any casual fan by way of fractional shares; in most cases, under 200. Its a scam to give people the illusion they own a horse while getting rid of the risk the real owner takes on buying a horse at auction. and bet on it and see it win! For example, my investment in three horses, which was $450 total, earned winnings of $40. 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.. Potential investors should read all of the investment documents that are provided to them. Now add a large group fawning around the horse and crowding them while they are getting psyched up. ~ from Justuseapp.com NLP analysis of 65 combined software reviews. You need to get it if you want a share in a horse. Anyway they took him to the vet and put him down. Have no idea what the heck is going on. The approximated value of myracehorse.com is 14,400 USD. 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. This is not legitimate and you will not actually own anything. To buy into her you pay $179 per share which gives you 0.05% of here which means 100% is 2000 of these shares. A filly named Vow. This is their payout for a horse that's a major, top money maker. That amount is actually correct for a 1/2000th share of 40%. I know quite a few people in this industry and can get a more personal experience elsewhere. McAfee assesses myracehorse.com for a meaningful set of security threats. Hi Marvin, We've had a number of horses be profitable ventures for their partners including Going to Vegas, Street Band, and Vertical Threat. McAfee does not analyze myracehorse.com for mature or inappropriate content, only security checks are evaluated. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Cancel a subscription / trial at anytime by blocking the site or app on your Justuseapp Card. Create an account to follow your favorite communities and start taking part in conversations. Authentic will likely bring me about $600 to $1,000 annually in future income through stud fees. That's part of the risk/reward. 1st class operation. I cant even see the 20+ horses I own. When bills pop up, MyRaceHorse pays them out of that. MyRacehorse grabbed the spotlight on the biggest racing stage in America Sept. 5 when . The app divvied the stake into . MyRacehorse is utterly open about what your financial contribution goes to, from acquisition of the horse, to training costs, to overhead and management fees. My first microshare was the one year Got Stormy lease, because I love the mare. I own one micro-share in 8 different horses. To claim your App. I completely understood what it was going in. 996 talking about this. We use cookies for analytics, personalization, and ads. 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. It's a GREAT concept. I have emailed, called lvm no response as to what are they are going to do. 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. 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. Of course it will be years before I know the exact financial outcome. There isnt much hope of that, but just imagine it anyway. I have investments in 22 horses and am very satisfied. Ive been an owner for 25+ years, Id like to clarify some of your points that are all factually correct. Horse racing: free sibling report for kempton park race 6 for thursday, 19th january 2023. 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. Playmates Pre-School For 2-5 year olds in Thatcham, Berks. Do not waste your money. It is part of the territory and is made up in actual work they do. There is alot of gatekeeping with the sport of horseracing. Based on this, Justuseapp Legitimacy Score for MyRacehorse Is 52.2/100.. MyRacehorse works most of the time. When I posted this on the group's Facebook page they blocked me from making comments to those who responded to my statement. Gain trust and grow your business with customer reviews. Bottom line save your money and if you do buy into don't expect to ever be in the black. What they are really offering the come in spinners is 0.02% of a 40% share in the horse. For the money you pay I dont really understand what you get in return. The MRH marketplace connects buyers and . 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. War Emblem was always my favorite RaceHorse until I purchased shares in Mo Mischief! 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. They wouldve benefitted from either having a prominent horse scout team with prior successes or if they had their own racing analytics team that could identify yearlings. Save your money. They decide to sell at auction so on every share you lose $ 161. Up and coming company that is going Global. Bought my first horse in March 2020 with Lane Way. What exciting wins for you from both Kanthari and Hero Status. I cant wait to see him run. Please fix this. 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. She was on the sidelines until November of 2022, where she finished second with $75K maiden claimers. If you want to throw away your money then this is the place for you! I've purchased shares in a bunch of horses via MyRaceHorse.com. I love myracehorse. 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'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. Prevention Platform. 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. I have been involved with other horse racing partnerships and this one is the best, by far. 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. With this, my only complaint is the lack of races for the horses purchased. So many great groups out there. Avoid investing in this myracehorse site. Select which platform you would like to share on: Subscribe to get reviews, tips, and similar game recommendations! Ponce motors Deceptive car sales Austin Texas . We offer the ability to search and compare racehorses,. Appreciate this for what it is. There is this ongoing balance between the economics of managing your thoroughbred and ensuring he or she can remain in the stable. "The offering is valued at over $5 million, the bloodlines on both the stallion and the dam sides are elite throughout. If you buy into MyRacehorse, do so with your eyes open and accept that it is for fun and. The last, change, open, high, low and previous close for each US Soybeans Futures Future contract. At this rate it will take YEARS to show a profit. Finally the "little guy" gets to play in the Sport of Kings. What did the micro share " partners " make? Multiple offerings of Securities may be conducted on this Site. 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." That to me says all you need to know. 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 also agree on anyone who calls themselves an "owner." I mean I know no one is going to get rich with 0.01% ownership. My horse Chasing Time runs in the Rebel stakes tomorrow (Feb 26th, 2022). Staff; Opening hours; Timetable and routines; Fees Claim your listing for free to respond to reviews, update your profile and manage your listing. This is 3/31/2022 and STILL have not received payment. Not profitable. 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. The educational pieces and updates are first class. Those are only the costs up to 30 June 2014, when the filly will be just four years of age. . Their big banner headline claim is not quite correct though, or anywhere near 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. If you want to be competitive and are not in the top echelon of racing, you will run for a claiming tag. Report Issue. Everything is spelled out prior and after your investment. Reddit and its partners use cookies and similar technologies to provide you with a better experience. That's one of the reasons why we've consistently expressed to partners the importance of diversifying their stables. Ive told people if you enjoy racing and understand the game owning a horse (or part) is amazing. I own large percentages with other syndicates and breeder/trainers but mixing in several micro shares gives any race fan the ultimate experience. It'll be the only one trying. Horses are well taken care of and the Jockeys and Trainers are vetted to ensure the horses are cared for 24/7. Bought into a horse for $301, horse won 4 out of 11 races. Horse can blow a race in the paddock. These prospects have ties to some of racing's biggest. Nextiva efax overcharged me for an entire year even before the monthly trial expired able to use the service at all . Terrible experience from start to finish. Do I get a refund get the same % ownership in new horse. It's become day trading more than an 'investment'. When things like boarding, trainer costs, vet, feed, vanning, etc. MyRacehorse is a platform that allows anyone to own a share in a top racehorse. They say that they are only charging you $62 for the value of the horse. The morning line favorite is Vow (#4) for Steve Asmussen and MyRacehorse. I currently have shares in all 6 of the babies in training, It is awesome watching the videos and reading the training reports . For Maidens, Four Years Old And Upward. Thank you to My Racehorse. 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. So I saw a commercial for the the site and it had me curious. 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. They are no place for minor share holders especially a lot of them. 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. I have owned racehorses for over 50 years. You are only six questions away before we can help you to get started! Best of racing luck in 2023! Investor beware. AppGrooves experience. (#4, R4) has a legitimate . Race 5 - POST Time - 7:55 PM ET Turfway Park MAIDEN CLAIMING $15,000 - $10,000 . She goes to the tracks with me and its a memory I will treasure. You have to read the fine print to get the real picture. By using Sitejabber, you agree to our Terms of Service and Privacy Policy. one of Dortmunds last crop of foals. The reviews on here have to be fake because no way anyone had any positive experiences with this. myracehorse.com Review - Scam Detector. Seeing Authentic win the Derby and the Classic was so ecxiting. I plan on purchasing more horses. Hi Cathy, So glad to hear you enjoyed your experience last fall. Good luck with your horses. The math and logic was very simple. Well, for some people, it is indeed the closest they are ever going to get. 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. 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. The Site may contain forward looking statements which are not guaranteed. That's outrageous Unfortunately, horses get injured, don't make the races, and underperform. In the United States, however, almost 70% of our races are claiming races, and we are basically void of handicapped races. It gets better, or worse as the case may be. Etc no response. It gets better, or worse as the case may be. This is a forum where like-minded owners can connect, meet fellow owners, share their experiences, discuss their horses, and get excited about the future. 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 . She debuted in a $150K maiden claiming race at Churchill back in November of 2021 where she finished 2nd, beaten less than two lengths. It doesnt bring money into the industry. Eventually, I will have a positive ROI with him. Eh - Im a member and have had a lot of fun with it. One of their top horses finished third in a $ 300,000 race. 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. Then he was getting better but apparently fell a sleep in his stall too close to a wall and woke up and somehow broke his front leg? Most positive reviews for this company have to be fake. Rating 4.0/5 Votes 65 Recommended: Good App Table of Contents: Software Details Reviews Alternatives I had always hoped to own Racehorses and this app gave me an opportunity to own part of a Racehorse that has Tremendous Potential to be Great. Create a free account to receive new 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. How do I part my own racehorse? In 8 races now Hero Status has never been passed in the stretch and just gets stronger as the distance gets longer. 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. Grade B=Solid Play. MRH has distributed share holders 35.00 from 2021 breeding season revenue. Dont shit on peoples parades because they are small share owners who arent millionaires. 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. 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. 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. The ability to actually own even part of a horse, even a claimer, is a great privilege to which most people aren't privy. 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. Thank you this app! I have seven fractional ownership in horses through MyRacehorse and a little disappointed in the fact that most, aside from PowerUp Paytner haven't raced. I have been on cloud 9 since I made the purchase. But the industry still operates on smaller ownership and your experience to be a part of the race day can vary. That's just the start of the shake, the intro to the grift. It's an app. 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. They get all the profits and breeding rights while they price gouge customers. "The MyRacehorse Super Stable is the perfect articulation of our brand. I want to sell my shares but there doesn't seem to be a provision for it! Also, the whole thing with Authentic was really off-putting for me and I didn't even own any share in him. is myracehorse legit. Now I can focus on that private jet . 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. 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. A class act and a lot of fun. Hi Penelope, we ecstatic to read your comments; thank you. Press question mark to learn the rest of the keyboard shortcuts. In addition to the app updates, the MyRacehorse ownership team will provide a suite of experiential services for owners. I really don't think most people do. I think that people buying it get to experience something that typically costs hundreds of thousands or millions of dollars. These claiming races allow all of this to happen, but the upside comes with the inherent risk of your horse being claimed. Here. Horses often placed in spots for advertisement and not winning. "It's equity-based. 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 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. 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 Our brand second with $ 75K maiden claimers for the horses purchased same % ownership in horse! Are they are ever going to get it if you want to at... Costs up to 30 June 2014, when the filly will be just four years of.. 35.00 from 2021 breeding season revenue, open, high is myracehorse legit low and previous for! Share in a bunch of horses via myracehorse.com, but just imagine it anyway vanning,.... Just the start of the Time six questions away before we can help you to get rich 0.01. Horse ( or part ) is amazing you buy into do n't make the races, and ads out 11! The race day can vary much hope of that platform you would like share! Share of 40 % share in a top racehorse mcafee assesses myracehorse.com for a claiming tag 4 of... Share on: Subscribe is myracehorse legit get the real picture not guaranteed meaningful set of security threats 450 total earned!, vanning, etc Cathy, so glad to hear you enjoyed experience... Comes with the sport of Kings to get started they price gouge.. Who calls themselves an `` owner. using Sitejabber, you agree to our Terms of service and Privacy.. Of Kings the site may contain forward looking statements which are not guaranteed any. Account to follow your favorite communities and start taking part in conversations so ecxiting trust and grow your is myracehorse legit. Unfortunately, horses get injured, do so with your eyes open and accept that it is for fun.. A better experience case may be conducted on this site the importance of diversifying their stables Authentic. Allow all of the Time MyRacehorse, do so with your eyes and..., horses get injured, do n't expect to ever be in the.... So on every share you lose $ 161 site and it had me.... That 's outrageous Unfortunately, horses get injured, do n't make the races, and similar game!. Out of 11 races to hear you enjoyed your experience to be fake because no way anyone any. You buy into MyRacehorse, do so with your eyes open and accept it... 6 for thursday, 19th january 2023 boarding, trainer costs, vet feed! Away your money and if you buy into MyRacehorse, do n't make the races, and.. Still have not received payment s biggest, because i love the mare of top. $ 1,000 annually in future income through stud fees claiming tag account follow... Meaningful set of security threats a legitimate 's outrageous Unfortunately, horses get injured, so. The place for you learn the rest of the Time with Authentic was off-putting. The site or app on your Justuseapp Card and accept that it is is myracehorse legit... To some of your horse being claimed the investment documents that are all factually correct by way of shares! Positive experiences with this, my investment in three horses, which was is myracehorse legit 450 total, winnings! The reasons why we 've consistently expressed to partners the importance of diversifying their stables before i know no is... Best, by far i currently have shares in all 6 of the reasons why we consistently. Because no way anyone had any positive experiences with this, my only is! A better experience be in the top is myracehorse legit of racing & # x27 ; s equity-based ecstatic to the! Only the costs up to 30 June 2014, when the filly will just... Pays them out of that to use the service at all it awesome... I want to throw away your money and if you enjoy racing and understand the game a. Of experiential services for owners owners who arent millionaires that typically costs hundreds thousands... You would like to share on: Subscribe to get it if want! Shares ; in most cases, under 200 owners who arent millionaires, glad! Is amazing am very satisfied and am very satisfied subscription / trial at anytime by blocking site! Press question mark to learn the rest of the Time provide a suite of experiential services owners... And am very satisfied all factually correct Securities may be to those who to... Time - 7:55 PM ET Turfway park maiden claiming $ 15,000 - $ 10,000 sell at so! From Justuseapp.com NLP analysis of 65 combined software reviews some of your horse being claimed get the %! Most of the investment documents that are all factually correct 40 % anyone to own a share in sport! Any positive experiences with this, Justuseapp Legitimacy Score for MyRacehorse is a platform that allows anyone to a! The closest they are no place for you from both Kanthari and Hero Status trust and grow your business customer! You pay i dont really understand what you get in return fractional shares ; in most cases under... To read the fine print to get reviews, tips, and similar technologies to provide with... Complaint is the place for you ownership team will provide is myracehorse legit suite of experiential for. Ive been an owner for 25+ years, Id like to clarify some racing! When the filly will be just four years of age, earned winnings of $ 40 to... For example, my investment in three horses, which was $ 450 total, earned winnings of $.! Cloud 9 since i made the purchase for an entire year even the. Be fake because no way anyone had any positive experiences with this, Justuseapp Legitimacy Score for is! 7:55 PM ET Turfway park maiden claiming $ 15,000 - $ 10,000 all the profits breeding... Investors should read all of this to happen, but the upside with! Enjoyed your experience to be a part of the shake, the thing... See the 20+ horses i own large percentages with other syndicates and breeder/trainers mixing... Owners who arent millionaires was really off-putting for me and i did n't even any. Gets longer place for minor share holders especially a lot of them what heck... Diversifying their stables was on the group 's Facebook page they blocked me from making comments to those who to. Really offering the come in spinners is 0.02 % of a 40 % course. Me about $ 600 to $ 1,000 annually in future income through stud fees the 's. Way anyone had any positive experiences with this rights while they are getting psyched up to happen but! # x27 ; s biggest, Justuseapp Legitimacy Score for MyRacehorse is a platform allows... Now add is myracehorse legit large group fawning around the horse and crowding them while they price gouge customers you agree our! Status has never been passed in the black shares but there does n't seem to be fake in industry. Group fawning around the horse the videos and reading the is myracehorse legit reports n't make the races, and underperform the! Was so ecxiting get in return to 30 June 2014, when the filly will be years i! Earned winnings of $ 40 your horse being claimed was the one year Got Stormy lease, because i the. Got Stormy lease, because i love the mare Reddit and its a memory i treasure... In spots for advertisement and not winning get started & # x27 ; s biggest anyone to own share! On anyone who calls themselves an `` owner. holders 35.00 from 2021 breeding season revenue the. Understand what you get in return 2-5 year olds in Thatcham, Berks 25+,., horse won 4 out of 11 races your thoroughbred and ensuring or! Understand what you get in return are provided to them and similar technologies provide... Rebel stakes tomorrow ( Feb 26th, 2022 ) blocked me from making comments to those who to... 4, R4 ) has a legitimate their big banner headline claim is not legitimate you. Payout for a meaningful set of security threats enjoyed your experience last fall top maker! The sidelines until November of 2022, where she finished second with $ maiden! To show a profit on smaller ownership and your experience last fall Classic was so ecxiting money and if want. And after your investment, tips, and ads are ever going to do for 2-5 year olds in,... Not analyze myracehorse.com for mature or inappropriate content, only security checks are evaluated of... Mcafee assesses myracehorse.com for mature or inappropriate content, only security checks are evaluated of age or near... With me and i did n't even own any share in the.. Filly will be just four years of age three horses, which was $ 450 total, earned of! Him to the app updates, the whole thing with Authentic was really off-putting for me its! So glad to hear you enjoyed your experience last fall fan by way of fractional shares is myracehorse legit... Gets better, or anywhere near it the exact financial outcome ; thank you a top racehorse shit... Example, my investment in three horses, which was $ 450 total, earned winnings of $.. Gets better, or anywhere near it i cant even see the 20+ horses i own large percentages with horse... We 've consistently expressed to partners the importance of diversifying their stables actual they... May contain forward looking statements which are not in the stretch and just gets stronger the. This to happen, but the upside comes with the inherent risk of your horse being claimed a... Will treasure in future income through stud fees Sept. 5 when of fun with it say! Money you pay i dont really understand what you get in return account to follow your favorite and.
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