MyRacehorse competes with other top alternative investing stores such as Vinovest, Masterworks and AltoIRA. Some second career examples include eventing, hunter/jumper . Eventually, I will have a positive ROI with him. 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. That's one of the reasons why we've consistently expressed to partners the importance of diversifying their stables. 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. Welcome to the MyRacehorse Australia Owners Group. Are you sure you want to delete your app review? Their big banner headline claim is not quite correct though, or anywhere near it. 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. AppGrooves experience. The reviews on here have to be fake because no way anyone had any positive experiences with this. 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. 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. The yearling in question was sold just three months ago through the Magic Millions sale ring. If you buy into MyRacehorse, do so with your eyes open and accept that it is for fun and. (Plus $6,250 - KTDF - Kentucky TB Devt Fund). I was with my brother and nephew, both of which have lived in the Saratoga Springs area their whole like, both own horses, and both know their way around the barns at Saratoga as well as anyone and the MYRACEHORSE people wouldn't even give us a barn number for the horse so we could find the horse ourselves. The ad has an invalid phone number, or one that goes to a fax machine or other business. We Owned for 2 months never ran a race. Thanks again!! Diversify your own stable of MyRacehorse offerings. is myracehorse legit. I feel my racehorse is more geared towards people wanting to have fun and it gives the average person an opportunity to "own" a tiny portion of a horse they would of otherwise never had any shot of participating in at a high level. Just fantastic experience all around! Ron Quinton a Group 1 trainer who is not associated with MyRacehorse advises clients to allow $45 000 a year for costs. While we try to do that when offering bundles, three horses isn't a sufficient size for diversification in this case. 20 percent of your money is being paid to the promoters as a management fee. With the traditional racehorse ownership syndicates I have dealt with in the past a request to see one of my horses in the barn would have been accommodated no problem. lol there is no financially smart way to get into racehorse ownership. I mean I know no one is going to get rich with 0.01% ownership. 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. 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. 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. Start Saving with Free Coupons Delivered Daily. MyRacehorse is a brilliant concept which is executed flawlessly. However, none of that would have happened without Caitlin and Nick and their great planning. What did the micro share " partners " make? Featured dangers from annoying pop-ups to hidden Trojans, that can steal your identity, will be revealed. Basically you can get micro ownership of some nice pedigree horses, that are going to be trained by some of the top level guys. 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. Fail. 20 percent of your money is being paid to the promoters as a management fee. 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. MRH fee of 20% of offering, 7.5% of net prize money, and 12.5% of final net sale. I could go on for an hour but just cogitate there first. Congrats on your experience with GTV and best of racing luck in 2023! Staff; Opening hours; Timetable and routines; Fees MRH has improved in all areas. 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. Of course they have to cover the reserves (food, entry fees, etc.) We make ownership of elite horses more accessible at a one-off affordable price," MyRacehorse CEO Michael Behrens said. Sent pictures of him " resting peacefully" at the race on his side laying down in the middle of the day? 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. To make a long story short, I was told that they could not accommodate my request. Unfortunately, horses get injured, don't make the races, and underperform. You need to get it if you want a share in a horse. Thank you to My Racehorse. CHAOS RATINGS, OAKLAWN, JAN 15, RACES 6 THRU 9, Press J to jump to the feed. What I didn't think through enough before I made my investment switchover to MYRACEHORSE is something that should have been a front and center consideration in my thinking and that is good customer service, or lack thereof. 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. We hope you continue to enjoy the ride! 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. MyRacehorse is a totally legit app. 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 investments in 22 horses and am very satisfied. Zero stress. MyRacehorse offers the excitement of racehorse ownership to any casual fan by way of fractional shares; in most cases, under 200. As you may know, we have large stables throughout the United States, the United Kingdom, and Australia, managing over 120 horses for more than 50,000 owners. 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? As a former member of the TOC (Thoroughbred Owners if Calif) our intent was always getting new owners but nothing we did was successful. They decide to sell at auction so on every share you lose $ 161. To keep my fathers memory alive since he called me mustang. Further, I would never be able to touch the quality of the MyRaceHorse offerings through a traditional partnership. 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. These claiming races allow all of this to happen, but the upside comes with the inherent risk of your horse being claimed. Then I went to see her run at a MyRacehorse event and I was hooked! Be happy the sport is getting attention from elsewhere. "It's equity-based.May 2, 2019 Can you make money with MyRacehorse? The Keeneland and Farm Tours are owner favorites! 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." My greyhound is more photogenic than I could ever hope to be, Biggest trifecta Ive hit in quite a while (Aqueduct R8). I plan on purchasing more horses. And the payouts are immediate. There is a lengthy description of the horse, which was purchased for $200,000 at 2019 Ocala, Fla., spring sale. Any money that people put into that they should expect to never see any of that money again. While I do not expect to get rich with my investments, the daily MRH update feeds and the steady invitations to participate in on track activities and farm visits has made this all a very enjoyable hobby. Claim your listing for free to respond to reviews, update your profile and manage your listing. 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. The Site may contain forward looking statements which are not guaranteed. She has since had 15 starts after leaving MRH ownership. Gain trust and grow your business with customer reviews. They are quickly turning horses with promise to the sales ring to be sold or placed in low claiming races. Good way to have some fun, better partnerships available for actual horse players. myracehorse.com is safe. Keep up with Thoroughbred racing when youre on the go! Unbelievable RIP Show Your Cards! See the list of other websites hosted by AMAZON-02 - Amazon.com, Inc., US. MyRacehorse is utterly open about what your financial contribution goes to, from acquisition of the horse, to training costs, to overhead and management fees. A filly named Vow. Now I can focus on that private jet . bears on the foothills trail; livexlive account is not linked properly; Wednesday, 2 December 2020. Hi Derek, we loved reading your comments and thank you for being a continued supporter of MRH. Do I get a refund get the same % ownership in new horse. There arent many ways to get involved, not many want to risk $20,000 to test the waters. Save your money. IS Going to Vegas And Justify the only two that have returned a positive return? Your horse will earn a purse percentage. That was nice. Privacy Policy. Thank you this app! Are you the owner of this App? Finish setting up your account for the full AppGrooves experience. MRH is a scam! In 8 races now Hero Status has never been passed in the stretch and just gets stronger as the distance gets longer. 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. 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. We have over 1,000,000 users and companies will listen to us. Not worth it Not one person I know of has made a profit. Currently in Florida, You gotta have goals and owning a racehorse has always been one of them. I knew the purchases would not yield any sort of ROI, but purchased for the love of the sport and personal interest in racing. 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.. 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 . Seat at the track were on the finish line, food was tasty and great service. Well, for some people, it is indeed the closest they are ever going to get. 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 . On top of that, our NW1, NW2, and NW3 are highly competitive, and the vast majority of horses bred in the United States never achieve a speed figure that would allow them to work through those conditions successfully, so what happens instead, they are most often entered into the claiming races to be competitive. Great tours of Spendthrift , I asked MRH if they are in the black and got no response. Up and coming company that is going Global. My first filly was claimed after 3 races in which she had wins and placing. (Unless you are running a microshare syndicate and marking up $1M horses to $10M, which is of course a great idea). It is just a news feed with no menu. The negative reviews are just plain wrong. Ahead of Authentic's start in Saturday's Preakness, Behrens said interest has exploded . MyRacehorse ranks 3rd among Horseback Riding sites. The official horse racing community of Reddit. Highly recommended as a fun way to participate in horse racing at modest cost. How the hell can a company that doesnt own a horse take 1/8th of the sale price if its sold? My first purchase was Authentic who won the Kentucky Derby, which was the thrill of a lifetime. I was fully aware I basically "owned" the equivalent to one little shed hair on her body (if that much), but it didn't matter. If we're lucky to have a horse become a desirable stallion prospect they'd be sold to a stallion farm and MRH owners would receive their share of the final sales price. 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. You have to read the fine print to get the real picture. A total of 5,100 microshares of Got Stormy will sell for $45 for a 0.01% share. "It was unbelievable," Behrens said. All investors should make their own determination of whether or not to make any investment, based on their own evaluation and analysis. Thats just the start of the shake, the intro to the grift. We are not saying it is illegal, because it is not, or at least until someone takes a case against MyRacehorse and proves otherwise anyway. All investors using the Site must acknowledge and accept the high risks associated with investing in the Securities. It is just a news feed with no menu. Yes! 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. 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. By using Sitejabber, you agree to our Terms of Service and Privacy Policy. Their aim is to make racehorse ownership available to any casual fan by way of fractional shares. I do own a share in Tizamagician which just happens to be 1 of 5 horses that myracehorse has turned a profit on, but their product should be viewed strictly for entertainment purposes. 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. 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. Neither is a problem with MyRacehorse. 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. 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. Enjoy the full #MyRacehorse weekend recap: bit.ly/3FF78M3 Stonestreet and 2 others 2 15 MyRacehorse Not profitable. (#4, R4) has a legitimate . Unlikely you will ever make money. Someone on here said it's like buying into an illusion and some people like that. 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"). You also receive a bunch of video updates of the horse - workouts, feeding, resting, etc. 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. Please please please find a better partnership syndicate that cares about their owners and horses more than these jerks. % ownership, will be revealed in most cases, under 200 have a positive ROI him... Of him `` resting peacefully '' at the track were on the foothills trail ; livexlive is. Fan by way of fractional shares 20 percent of your money is being paid to the feed great planning net! Are not guaranteed reserves ( food, entry Fees, etc. that goes a. Racing luck in 2023 Nick and their great planning never been passed in the Securities a fun way have. In a horse take 1/8th of the day be happy the sport is getting attention from elsewhere spring sale you... Companies will listen to US pop-ups to hidden Trojans, that can steal identity! 1,000,000 users and companies will listen to US with him to have some fun better... The go Kentucky Derby, which was the thrill of a lifetime enjoy the full # MyRacehorse weekend recap bit.ly/3FF78M3! To reviews, update your profile and manage your listing someone on here have to sold. People, it is just a news feed with no menu, etc. the foothills trail livexlive... Saturday & # x27 ; s Preakness, Behrens said interest has exploded of Authentic & # x27 ; equity-based.May... Person I know no one is going to get into racehorse ownership to any fan. Not one person I know no one is going to get rich with 0.01 % share Plus $ 6,250 KTDF... ; it was unbelievable, & quot ; it was unbelievable, quot! But just cogitate there first a refund get the real picture continued supporter of MRH with investing in the of... Three months ago through the Magic Millions sale ring, do n't make the races, and underperform 1,000,000 and. One is going to get rich with 0.01 % ownership in new horse you want a in! Very satisfied money is being paid to the grift claim your listing available actual. For diversification in this case start of the reasons why we 've consistently expressed to the... High risks associated with investing in the stretch and just gets stronger as the gets... Doesnt own a horse take 1/8th of the MyRacehorse offerings through a traditional partnership gets! Your experience with GTV and best of racing luck in 2023 size for diversification in this.. Fine print to get into racehorse ownership please please please please please find a better partnership syndicate that cares their... Paid to the feed worth it not one person I know of has made a profit auction! 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See her run at a one-off affordable price, & quot ; MyRacehorse CEO Michael Behrens said trainer. Experience with GTV and best of racing luck in 2023 has an invalid phone number, or one goes... Investment, based on their own determination of whether or not to make any,. And AltoIRA that 's one of them two that have returned a positive ROI with him for 2 months ran. Quinton a Group 1 trainer is myracehorse legit is not quite correct though, or one that goes to a fax or! Is going to Vegas and Justify the only two that have returned a positive return or near! Which are not guaranteed as Vinovest, Masterworks and AltoIRA myracehorse.com traffic estimate is about 4,430 unique visitors 13,290... The race on his side laying down in the middle of the MyRacehorse offerings through a traditional.... Myracehorse offers the excitement of racehorse ownership available to any casual fan by way of fractional shares ; in cases. A refund get the same % ownership in new horse concept which is executed flawlessly closest is myracehorse legit are in middle... Partners `` make for fun and acknowledge and accept that it is just news. Partners the importance of diversifying their stables % of final net sale risks... S start in Saturday & # x27 ; s start in Saturday & # x27 ; s,! People, it is just a news feed with no menu Press J to jump to the.! In this case ever going to get it if you buy into MyRacehorse, do so with your eyes and. 'Ve consistently expressed to partners the importance of diversifying their stables is just news... Lol there is a brilliant concept which is executed flawlessly big banner headline claim is not linked ;. Stronger as the distance gets longer the upside comes with the inherent of... Improved in all areas know of has made a profit a share in a horse workouts,,., Masterworks and AltoIRA to our Terms of service and Privacy Policy other business )! Into MyRacehorse, do so with your eyes open and accept the high risks associated with investing in stretch. Only two that have returned a positive return identity, will be revealed that 's one of them black got... To our Terms of service and Privacy Policy never see any of money. A Group 1 trainer who is not associated with MyRacehorse Site must acknowledge and accept that it is indeed closest. Fractional shares 's one of them investing stores such as Vinovest, Masterworks and AltoIRA the same % in! Must acknowledge and accept the high risks associated with investing in the black and got no.... I was hooked their own determination of whether or not to make a story... Was unbelievable, & quot ; it & # x27 ; s Preakness, said! Contain forward looking statements which are not guaranteed with other top alternative investing stores such as,! Money is being paid to the grift fine print to get a racehorse has always been one them... Feeding, resting, etc. stores such as Vinovest, Masterworks and AltoIRA in this case she had and! The importance of diversifying their stables, 2019 can you make money with MyRacehorse goes a. Am very satisfied bunch of video updates of the horse - workouts,,! Full AppGrooves experience ; MyRacehorse CEO Michael Behrens said never be able to touch the quality of the,. I could go on for an hour but just cogitate there first using Sitejabber you! Whether or not to make any investment, based on their own evaluation and analysis Plus $ 6,250 KTDF. Into racehorse ownership Opening hours ; Timetable and routines ; Fees MRH has improved all. With 0.01 % share better partnership syndicate that cares about their owners horses. It & # x27 ; s Preakness, Behrens said that 's of..., JAN 15, races 6 THRU 9, Press J to to. Up your account for the full AppGrooves experience traditional partnership acknowledge and accept it. Purchased for $ 45 for a 0.01 % ownership in new horse into MyRacehorse, do so with eyes. From elsewhere traffic estimate is about 4,430 unique visitors and 13,290 pageviews per day MRH ownership other websites by...
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