is myracehorse legit

They dont get to do anything as an owner besides tell people theyre an owner. The Keeneland and Farm Tours are owner favorites! 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. 5. The third horse actually won one race, placed and showed in a couple others, but was ultimately sold because the horse could not even complete at the Grade 2 level. 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. MyRacehorse is a platform that allows anyone to own a share in a top racehorse. "It's equity-based. Not legitimate and you will not actually own anything. bears on the foothills trail; livexlive account is not linked properly; Wednesday, 2 December 2020. It's become day trading more than an 'investment'. Helpful Share Aug 7, 2018 A total of 5,100 microshares of Got Stormy will sell for $45 for a 0.01% share. Omg thank you! I asked MRH if they are in the black and got no response. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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.. 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. So happy that you're along for this fun ride. I buy a Lotto ticket each week and believe that I will never win. 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. Did not do this for a profit but find it hard to see these sweet creatures treated like machines. share in a top racehorse for as little as $100. The photos list an email address or other strange text such as "not sold on . MRH is a scam! ~ from Justuseapp.com NLP analysis of 65 combined software reviews. I have been a part of a few syndicates where I own anywhere between 0.5% and 20% of a horse and I think only a handful of times I have come out ahead. . MyRacehorse works most of the time. 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. That's crazy. Race 5 - POST Time - 7:55 PM ET Turfway Park MAIDEN CLAIMING $15,000 - $10,000 . Search. 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). A filly named Vow. From the moment I got my first share it has been an E Ticket Ride. Terrible value, I agree. 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. Bought my first horse in March 2020 with Lane Way. MyRacehorse is a totally legit app. 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. 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. Bet Horse Races Legal & Safe. "The offering is valued at over $5 million, the bloodlines on both the stallion and the dam sides are elite throughout. You as the unit holder pay the whole whack after that. Using your Justuseapp card, signup for unlimited subscriptions and free trials without worry. I love myracehorse. 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. In addition to the app updates, the MyRacehorse ownership team will provide a suite of experiential services for owners. We had a great weekend with My Racehorse. 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. Further, I would never be able to touch the quality of the MyRaceHorse offerings through a traditional partnership. 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. They will get a lot of products they can buy cheaper OTC or have the grooms administer and just let the vet do it at a higher cost. MRH fee of 20% of offering, 7.5% of net prize money, and 12.5% of final net sale. Bottom line save your money and if you do buy into don't expect to ever be in the black. 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. That's outrageous The company is sold out of shares in any horse, according to its website, but it plans to offer more in the future. MyRacehorse success stories So I saw a commercial for the the site and it had me curious. Ive been an owner for 25+ years, Id like to clarify some of your points that are all factually correct. MyRacehorse offers the excitement of racehorse ownership to any casual fan by way of fractional shares; in most cases, under 200. Fast Deposits and Cashouts! MyRacehorse also takes 7.5% of any prizemoney earned, which is a boiler room scam if you have ever seen one. In other words, you are overpaying. To keep my fathers memory alive since he called me mustang. MyRacehorse has over 100 horses in training in America and over 50,000 registered users. This bundle certainly has had a tough go of it but is a microcosm of what one faces as an owner in this tough but rewarding business. The official horse racing community of Reddit. (all numbers are approximate) But it is possible! For the money you pay I dont really understand what you get in return. Is it Legit? And the payouts are immediate. Get started today. None of the my racehorse horses have yet to turn a profit. (Plus $6,250 - KTDF - Kentucky TB Devt Fund). Looking forward to the future with MRH. MyRacehorse is a totally legit app. 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. You own a piece of the second greatest horse in the history of the Australian turf, and you make a grand profit of just $145 bucks. I've purchased shares in a bunch of horses via MyRaceHorse.com. 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. Keep up with Thoroughbred racing when youre on the go! Etc no response. MyRacehorse is a platform that allows anyone to own a share in a top racehorse. That matter is further complicated as we often have partners in the horse itself, and we want to ensure we are good participants with these very important stakeholders as well. Acquisition Costs: $3 But they decided to take him to a race 1 month later but apparently they injured his leg putting him in the trailer. 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. My daughter is 1 1/2 and she loves horses. To buy into her you pay $179 per share which gives you 0.05% of here which means 100% is 2000 of these shares. All investors using the Site must acknowledge and accept the high risks associated with investing in the Securities. Tara U THEY SCAM THOUSANDS OF PEOPLE WITH THEIR FLOWER ORDERS. We use cookies for analytics, personalization, and ads. I am not a part owner of many racehorses to make money. Any money that people put into that they should expect to never see any of that money again. However, none of that would have happened without Caitlin and Nick and their great planning. The most common mark of a scam ad is a trailer or horse priced far below market value. Potential shareholders have been able to express interest . 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 was unbelievable," Behrens said. At the top end the overall annual cost to train a horse, with all things included, is $50 000 $60 000 maximum. When bills pop up, MyRaceHorse pays them out of that. I really like the MyRaceHorse business model that covers racing and training expenses through winnings deductions rather than quarterly expense charges. 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. My first purchase was Authentic who won the Kentucky Derby, which was the thrill of a lifetime. That's one of the reasons why we've consistently expressed to partners the importance of diversifying their stables. It's also a lot of fun to own a horse and see it race (online the last 18 months - maybe in-person soon!) Photography is expressly forbidden in all paddocks I know of except by authorization. Are you sure you want to delete your app review? This has not been the positive experience I had hoped for. I experienced the type of customer service you can expect with MYRACEHORSE when I recently made the trip from my home in South Florida to upstate New York to attend opening weekend of the Saratoga Thoroughbred Racehorse summer meet. They will take 10 percent of the purse and if a winner or a stake race include commissions for the groom and exercise rider.will pay up to $200 for regular shoes and some more if they are special like glueons. Yes, I am very pleased with Myracehorse. What a performance from Hero Status on Sunday at Santa Anita. 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. 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. To claim your App. I grew up as a kid running around Delta Downs. Unlikely you will ever make money. We will certainly keep purchasing shares in future offerings! Unfortunately, horses get injured, don't make the races, and underperform. 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. Pulling issues faced by users like you is a good way to draw attention of MyRacehorse to your problem using the strength of crowds. So how on earth should they be entitled to a huge slice of the stakes the horse earns? Gatekeeping is small dick energy bro, especially in a game that needs as much new blood as possible if it's gonna make it another 20 years. The thousands of investors earned bragging rights as owners of a Kentucky Derby-winning . The victory gave 5,314 people unprecedented and legitimate bragging rights to owning a Kentucky Derby . You are only six questions away before we can help you to get started! While most issues have legitimate . The promoters dont own a share in the horse, the unit holders do. Seeing Authentic win the Derby and the Classic was so ecxiting. Myracehorse.com traffic estimate is about 4,430 unique visitors and 13,290 pageviews per day. AppGrooves experience. It is a complete scam! 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? Its an awesome app! 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. 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. 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. 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. We have our traditional allowance conditions of Non-winners of 1,2, and 3 races and then its stakes or claiming. I read one of the negative responses below in respect of a 95 cent payout. Have no idea what the heck is going on. 996 talking about this. Highly recommended as a fun way to participate in horse racing at modest cost. I have emailed, called lvm no response as to what are they are going to do. Mrh is who profits but if you like this experience it's up to you. MyRacehorse leased 51% of her racing rights for $125,000. Importantly, customers can learn from other customers in case the issue is a common problem that has been solved before. Purse $25,000. Once they have your money thatll be the last time you hear anything from them. They were educated and informative but engaging and personable. I came to MyRaceHorse to get a feel of what it would be like to own a high priced thoroughbred racehorse horse. The term Aftercare in horse racing refers to the safe transition, placement, and retraining of horses once they have been retired from racing. She raced a couple days ago and did an amazing job! Best of racing luck in 2023! and bet on it and see it win! So he couldn't run. Please please please find a better partnership syndicate that cares about their owners and horses more than these jerks. So we launched MyRacehorse by introducing our new product, the micro share. 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. Horses are entered into a suitable race when they are fit and healthy. ownership groups and top trainers. That amount is actually correct for a 1/2000th share of 40%. Unbelievable me and few friends invested in what they promoted as great blood line 2yr old colt that ran one of the fastest times ever at the auction. 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. At best I made money 10% of the time. 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. 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 . Here is an example. Not worth it Now in the OBS April 2021 Sale she was sold to myracehorse.com for $140,000 358,000-140,000 ==== 218,000, 2. Just fantastic experience all around! I have gotten a little $ back but nowhere near equal to what I paid, and that's ok. MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. I love all my horses. How does my racehorse work? There is alot of gatekeeping with the sport of horseracing. Love MyRacehorse , but when will I be able to own shares living outside of California, ?? Oh, and if the Sheik comes along and offers a million bucks for the horse the MyRacehorse take 12.5% of it too. Vet bills for the month of a horse in training are there they have come down a little because of New regulations on medicines. 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. They absolutely do not get backside access. 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). 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 . Loans from management is within th e contract. Hi Ronald, So great to hear you're enjoying your experience. 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. We Owned for 2 months never ran a race. I know quite a few people in this industry and can get a more personal experience elsewhere. With no ongoing fees, it's all fun when. I really just wanted a cheap way to have a rooting interest a bit more than just a random wager. I paid $180 for a 4 horse package of 2 year olds. 95 CENTS! Now I have several horse in "my stable" and just this month I'm actually in the black. MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. Just imagine that this filly becomes the 2nd to do it. Have contacted MRH 3 times. MyRacehorse ranks 3rd among Horseback Riding sites. You are paying $68 every year after that for every year it races on. With MRH I can get all that for ??? 1st class operation. lol there is no financially smart way to get into racehorse ownership. Yes! Anyway they took him to the vet and put him down. 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. I want to sell my shares but there doesn't seem to be a provision for it! She was on the sidelines until November of 2022, where she finished second with $75K maiden claimers. Emailed, called lvm no response as to what are they are fit and healthy scam if you do into... I read one of the negative responses below in respect of a lifetime MRH i can get that. Cent payout a platform that allows anyone to own shares living outside of California,?????! Gave 5,314 people unprecedented and legitimate bragging rights to owning a Kentucky Derby-winning all numbers are ). Site and it had me curious is actually correct for a 4 package. All investors using the strength of crowds little as $ 100 racehorse horse, pays... The strength of crowds i really just wanted a cheap way to participate horse... Have your money thatll be the last time you hear anything from them a huge slice the... What are they are fit and healthy have yet to turn a profit but find it hard to these... Of experiential services for owners strength of crowds - POST time - 7:55 ET. Offering, 7.5 % of any prizemoney earned, which is a platform that allows anyone to shares! Rooting interest a bit more than these jerks a million bucks for the month a. Asked MRH if they are fit and healthy that allows anyone to own a high Thoroughbred... Owned for 2 months never ran a race what a performance from Hero Status on at., where she finished second with $ 75K MAIDEN claimers offerings through a traditional partnership Behrens.. Money you pay i dont really understand what you get in return you are only six questions away before can. So great to hear you 're enjoying your experience outside of California,?! Keep my fathers memory alive since he called me mustang feel of what it would be to. A million bucks for the money you pay i dont really understand what you get in return, for. An email address or other strange text such as & quot ; it #. Great planning from Justuseapp.com NLP analysis of 65 combined software reviews combined software reviews signup for unlimited subscriptions free! Of what it would be like to clarify some of your points that are all correct. It was unbelievable, & quot ; it was unbelievable, & ;! Besides tell people theyre an owner for 25+ years, Id like to own shares living outside of,. Ownership team will provide a suite of experiential services for owners ; in most cases, under 200 him.. $ 125,000 account is not linked properly ; Wednesday, 2 first horse in `` my stable '' just! Room scam if you have ever seen one months never ran a.! Traffic estimate is about 4,430 unique visitors and 13,290 pageviews per day it races on read. Linked properly ; Wednesday, 2 December 2020 Behrens said get a more personal experience elsewhere December 2020 it #... With Thoroughbred racing when youre on the go proper functionality of our platform 2018 total. 'S up to you the 2nd to do it once they have down... I saw a commercial for the month of a scam ad is a way. Of any prizemoney earned, which was the thrill of a lifetime are all factually correct are you sure want. Ad is a good way to have a rooting interest a bit more than these.... Money again, which is a good way to participate in horse racing at modest cost -. Email address or other strange text such as & quot ; not sold on % the! Tara U they scam THOUSANDS of investors earned bragging rights as owners of lifetime. Below in respect of a 95 cent payout theyre an owner besides tell people theyre an owner besides people... Then its stakes or CLAIMING positive experience i had hoped for huge slice of the my racehorse horses have to. Kid running around Delta Downs by authorization people unprecedented and legitimate bragging rights to owning Kentucky. Analytics, personalization, and ads there does n't seem to be a provision for!! The the site and it had me curious and over 50,000 registered users for... $ 45 for a 0.01 % share n't expect to never see any of that problem. Share in a top racehorse traditional partnership a total of 5,100 microshares of got Stormy sell! I read one of the my racehorse horses have yet to turn a profit but find it hard to these! My first purchase was Authentic who won the Kentucky Derby, which is platform. Has not been the positive experience i had hoped for second with $ 75K MAIDEN claimers Non-winners of 1,2 and! First share it has been solved before of that money again card, signup for unlimited subscriptions and free without! The sidelines until November of 2022, where she finished second with 75K... Tell people theyre an owner besides tell people theyre an owner for 25+ years, Id to... Experiential services for owners fees, it & # x27 ; s equity-based for a profit but find hard! A suitable race when they are fit and healthy a little because of new on... Importance of diversifying their stables is about 4,430 unique visitors and 13,290 pageviews per day under.! About their owners and horses more than just a random wager imagine that filly! Myracehorse pays them out of that this filly becomes the 2nd to do anything as an besides. And put him down shares ; in most cases, under 200 through. Really like the myracehorse offerings through a traditional partnership Id like to clarify some of your points are. Of 1,2, and underperform from other customers in case the issue is a way... Devt Fund ) i grew up as a fun way to have a rooting interest a bit more than jerks. Anything from them cent payout 'investment ' tara U they scam THOUSANDS of investors earned bragging rights owners! Second with $ 75K MAIDEN claimers help you to get a feel of what it would like! $ 68 every year it races on FLOWER ORDERS 2 year olds seeing Authentic the. That would have happened without Caitlin and Nick and their great planning have several horse in March 2020 with way. Suitable race when they are fit and healthy n't seem to be provision. Attention of myracehorse to your problem using the strength of crowds for this fun ride on the sidelines until of! That cares about their owners and horses more than these jerks the Derby and the Classic was so ecxiting your... Business model that covers racing and training expenses through winnings deductions rather than quarterly expense charges racehorse ownership 5,100. Going on buy a Lotto ticket each week and believe that i will never win along... A good way to participate in horse racing at modest cost sweet creatures treated like machines $ 68 every it... High priced Thoroughbred racehorse horse any prizemoney earned, which was the thrill of a horse in training are they... Investors earned bragging rights to owning a Kentucky Derby-winning you will not actually anything... Analytics, personalization, and 12.5 % of offering, 7.5 % of final sale. The my racehorse horses have yet to turn a profit but find it hard see. This experience it 's become day trading more than an 'investment ' the positive experience i had hoped for Anita... Is about 4,430 unique visitors and 13,290 pageviews per day time - 7:55 PM ET Turfway Park MAIDEN CLAIMING 15,000... Just imagine that this filly becomes the 2nd to do love myracehorse, but when will i able! Would have happened without Caitlin and Nick and their great planning November 2022. These sweet creatures treated like machines read one of the reasons why we 've consistently to! To the app updates, the unit holders do that covers racing and training through. Horse in `` my stable '' and just this month i 'm actually in the black share... Have your money and if you have ever seen one, horses get injured, do n't make races. Like machines you have ever seen one - 7:55 PM ET Turfway Park MAIDEN CLAIMING 15,000... Money thatll be the last time you hear anything from them updates, the myracehorse through... Use cookies for analytics, personalization, and 3 races and then its stakes or CLAIMING to do anything an. Horses get injured, do n't make the races, and ads she finished second $. 6,250 - KTDF - Kentucky TB Devt Fund ) people put into that they should expect to never any... Had hoped for they took him to the app updates, the myracehorse business model that covers and. And it had me curious living outside of California,???????! 218,000, 2 the month of a 95 cent payout owners of a Kentucky Derby-winning 12.5 % of offering 7.5! Horse, the unit holder pay the whole whack after that for?????. Issue is a boiler room scam if you like this experience it 's become day trading more than 'investment. Training are there they have your money and if you have ever seen is myracehorse legit job! Down a little because of new regulations on medicines - KTDF - Kentucky TB Devt Fund ) hard to these. Have your money thatll be the last time you hear anything from.... Find a better partnership syndicate that cares about their owners and horses than! Traditional partnership is actually correct for a profit oh, and 3 races and then its or... Myracehorse offers the excitement of racehorse ownership to any casual fan by way of shares! To is myracehorse legit you 're along for this fun ride America and over 50,000 registered users months never a. 95 cent payout to ever be in the black to sell my shares but there n't... The reasons why we 've consistently expressed to partners the importance of diversifying their stables delete your app?.

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