Bills can be upwards of a $1000 a month and can be higher. The only reason I'm not giving MyRacehorse a single star is because I went to one of their events and we had a very nice time. Press question mark to learn the rest of the keyboard shortcuts. The yearling in question was sold just three months ago through the Magic Millions sale ring. For Maidens, Four Years Old And Upward. Myracehorse.com traffic estimate is about 4,430 unique visitors and 13,290 pageviews per day. That makes it a bit different. Wow, you just completely destroyed MyRacehorse with this update. I own mini shares in six at a total cash outlay of less than $1,000. Opportunity to own part of a Racehorse that has Tremendous Potential to be Great. Best money I ever spent. This is not legitimate and you will not actually own anything. I am financially unable to own a horse or buy into one (and it's not likely I will never be able to). Those seeking another level of ownership experience can purchase a race day ownership badge. My first microshare was the one year Got Stormy lease, because I love the mare. Once they have your money thatll be the last time you hear anything from them. MyRacehorse is a company with a deliciously ironic name, for no one who buys any of their shares in a yearling they are actually units in a speculative investment trust, not shares has their own horse at all, they share a unit in it with thousands of others. About. 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? The promoters dont own a share in the horse, the unit holders do. That amount is actually correct for a 1/2000th share of 40%. 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. The Site may contain forward looking statements which are not guaranteed. The term Aftercare in horse racing refers to the safe transition, placement, and retraining of horses once they have been retired from racing. Looking forward to the future with MRH. Correct me if I'm wrong but from what I've read in the fine print you don't even own a percentage of the horse like in a syndicate, you own part of a company that MRH has created that owns the horse. The negative reviews are just plain wrong. Its given me exactly that. Be happy the sport is getting attention from elsewhere. There is alot of gatekeeping with the sport of horseracing. After such an electrifying race, we're really looking forward to this colt's 4-year-old campaign. Do I get a refund get the same % ownership in new horse. Yes. Unbelievable RIP Show Your Cards! We're enjoying those training videos and reports as well! I bought into vow. 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. MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. Check your inbox for a special welcome gift! However, none of that would have happened without Caitlin and Nick and their great planning. MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. Finish setting up your account for the full AppGrooves experience. I feel like they entered the space a little too early. The Ocala Breeders' Sales grounds (OBS) is . Hi Martin, we're super pleased to know you're enjoying the MRH experience. Same thing for fillies, we'll sell them at public auction where MRH owners receive their share of the final sales price. It is a complete scam! Some people come in from $95, some for $3,000 and even some for $50,000," Behrens says. Hey Mimi, You're a terrific racing ambassador. 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. The educational pieces and updates are first class. Yes. Ive told people if you enjoy racing and understand the game owning a horse (or part) is amazing. I mean I know no one is going to get rich with 0.01% ownership. Fast Deposits and Cashouts! I cant even see the 20+ horses I own. With no ongoing fees, it's all fun when. World's #1 Fraud. Thank you to My Racehorse. 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. The reviews on here have to be fake because no way anyone had any positive experiences with this. Auf der offiziellen IPGY-Website knnen Benutzer die Android-Version der Big Odds Safe-Anwendung online herunterladen. MRH has distributed share holders 35.00 from 2021 breeding season revenue. But now after watching how fast the teams are unloading horses they deem unflattering to MFR, is making me reconsider my future participation. Diversify your own stable of MyRacehorse offerings. Playmates Pre-School For 2-5 year olds in Thatcham, Berks. As a former member of the TOC (Thoroughbred Owners if Calif) our intent was always getting new owners but nothing we did was successful. Report Issue. Be safe from hackers and unwanted bills. You can always find ownership information disclosed on the horse's offering page. 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 I have been involved with other horse racing partnerships and this one is the best, by far. 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. Class all the way. So many great groups out there. I really don't think most people do. MyRacehorse are skimming an additional 30-40% off the top. Here's some photos of some of my favorite horses I have and winners. The horse's well-being will always be our primary priority, on and off the track. Not only can you own a horse but you can be rest assured that their well taken care of and the Jockeys and Trainers are vetted to ensure the horses are cared for 24/7.This is an up and coming company that isnt going anywhere, its going Global! MyRacehorse are trying to sell a 40% share in it for $330 000. 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. For the adrenalin junkies! Live and learn. I paid $180 for a 4 horse package of 2 year olds. Investor beware. These claiming races allow all of this to happen, but the upside comes with the inherent risk of your horse being claimed. We offer the ability to search and compare racehorses,. Horse can blow a race in the paddock. Prepaid Expenses: $68 War Emblem was always my favorite RaceHorse until I purchased shares in Mo Mischief! If not , I still enjoyed watching races besides the small distributions to our accounts, we still cashed WPS EX TIR and SUPR on site and the wagering parlos, I hope Sarrocchi and all the new acquisitions are successful. Every unique visitor makes about 3 pageviews on average. None of the my racehorse horses have yet to turn a profit. Cancel a subscription / trial at anytime by blocking the site or app on your Justuseapp Card. All investors should make their own determination of whether or not to make any investment, based on their own evaluation and analysis. I really like the MyRaceHorse business model that covers racing and training expenses through winnings deductions rather than quarterly expense charges. 996 talking about this. Up and coming company that is going Global. With another good year of racing, there should be a few more that add to that bunch. Its an awesome app! Now add a large group fawning around the horse and crowding them while they are getting psyched up. Bet Horse Races Legal & Safe. If you want to throw away your money then this is the place for you! 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. Ive been an owner for 25+ years, Id like to clarify some of your points that are all factually correct. You will not own a horse or even be treated as such. These are all the main negatives of MyRacehorse! From the moment I got my first share it has been an E Ticket Ride. 95 CENTS! I love all my horses. Aug 7, 2018 Britt Recommended this product Review of My Race Horse They put on upscale events and you can own a share of a beautiful Racehorse for as little as $100. Like Mike Smith said after the race, he sure has a ton of stamina and heart. A filly named Vow. We saw and got pictures with 2 triple crown winners. Cant wait to see what they come up with next. IN 3 WEEKS THEY SENT 3 OF MY RECIPIENTS DEAD FROZEN TINY BOUQUETS calgary . 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. My racehorse completely overvalues the microshares in horses where the investors is covering all the costs and has barely any upside. <p>Hi Owners,</p><p></p><p>Your colt arrived in Australia safe and sound late on Saturday Night and all is well with your boy, he travelled over perfectly. At the top end the overall annual cost to train a horse, with all things included, is $50 000 $60 000 maximum. 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. MyRacehorse is a brilliant concept which is executed flawlessly. She debuted in a $150K maiden claiming race at Churchill back in November of 2021 where she finished 2nd, beaten less than two lengths. To make a long story short, I was told that they could not accommodate my request. It's also a lot of fun to own a horse and see it race (online the last 18 months - maybe in-person soon!) There is this ongoing balance between the economics of managing your thoroughbred and ensuring he or she can remain in the stable. Eventually, I will have a positive ROI with him. You get a "microshare" level of the horse owner's experience. 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. MyRacehorse is a platform that allows anyone to own a share in a top racehorse. MyRacehorse is not an investment advisor, broker-dealer or crowdfunding portal and does not engage in any activities requiring any such registration. Hi Derek, we loved reading your comments and thank you for being a continued supporter of MRH. Search. MyRacehorse ranks 3rd among Horseback Riding sites. That's just the start of the shake, the intro to the grift. They say that they are only charging you $62 for the value of the horse. Acquisition Costs: $3 is myracehorse legit. 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. You are here: did robert kardashian write a book tidio chat documentation is myracehorse legit. Seat at the track were on the finish line, food was tasty and great service. Importantly, customers can learn from other customers in case the issue is a common problem that has been solved before. Thats just the start of the shake, the intro to the grift. While technically correct, it's pretty misleading and if they think they have any decision making in it they are pretty delusional. Not worth it 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. This ful Table of Contents: 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. While making a profit in the industry is very difficult, it is possible. No more to pay, and hopefully around 5 years of fun. To buy into her you pay $179 per share which gives you 0.05% of here which means 100% is 2000 of these shares. It is part of the territory and is made up in actual work they do. Hey wow what a fun bonus! MyRacehorse is a marketplace designed to allow every fan an opportunity to buy into a racehorse. MyRacehorse grabbed the spotlight on the biggest racing stage in America Sept. 5 when . Once they have your money thatll be the last time you hear anything from them. But to buy in you have to pay $165, not $62. 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. Put it this way if your horse wins the Kentucky derby and youre not allowed in the winners circle to take the photo then youre really not the owner. I own one micro-share in 8 different horses. So far their customers are getting sucked into high priced yearlings with poor pedigree ratings and race records. You are strongly advised to consult your legal, tax and financial advisors before investing. For the money you pay I dont really understand what you get in return. Your cash outlay is finished the day you buy into a MyRacehorse horse. 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. Well, for some people, it is indeed the closest they are ever going to get. No trainer charges $80 000 a year. 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.. 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. You won't make money here. 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. 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. 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. Sent pictures of him " resting peacefully" at the race on his side laying down in the middle of the day? are taken into account coming out ahead a couple thousand is a win. "It's price point accessible, so come in for whatever you want. 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. What they are really offering the come in spinners is 0.02% of a 40% share in the horse. 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. Ron Quinton a Group 1 trainer who is not associated with MyRacehorse advises clients to allow $45 000 a year for costs. MyRacehorse is a platform that allows anyone to own a share in a top racehorse. The Securities are being offered and sold only in jurisdictions where such offers and sales are permitted; it is solely your responsibility to comply with the laws and regulations of your jurisdiction of residence. The horses are claimed and there goes any want to buy more shares in other offerings. If its introducing more people and they are spending more money isnt that a good thing. MyRacehorse is very safe to use. Welcome to the MyRacehorse Australia Owners Group. I was totally embarrassed! Welcome to the future of horseracing, where you can legally buy shares in top racehorses. Do not waste your money. Helpful Share Aug 7, 2018 Is it Safe? Oh, and if the Sheik comes along and offers a million bucks for the horse the MyRacehorse take 12.5% of it too. Appreciate this for what it is. They say that they are only charging you $62 for the value of the horse. Just fantastic experience all around! Thats the whole point of it is to increase peoples attention and to be part of it even if it is .0001%. Bought my first horse in March 2020 with Lane Way. ~ from Justuseapp.com NLP analysis of 65 combined software reviews. Not legitimate and you will not actually own anything. MyRacehorse is an ownership platform that makes it possible for anyone to own a Also, the whole thing with Authentic was really off-putting for me and I didn't even own any share in him. Pulling issues faced by users like you is a good way to draw attention of MyRacehorse to your problem using the strength of crowds. (all numbers are approximate) Avoid investing in this myracehorse site. Here is an example. 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. But to buy in you have to pay $165, not $62. Just imagine what their payout would be for a horse that's NOT this great! 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. Which will forever be written in the books. So he couldn't run. Your horse will earn a purse percentage. Hi Marvin, We've had a number of horses be profitable ventures for their partners including Going to Vegas, Street Band, and Vertical Threat. IS Going to Vegas And Justify the only two that have returned a positive return? I have owned racehorses for over 50 years. War Safe is on target to make a start at Turfway Park on Thursday, January 19th! By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Get started today. $1000. Agree with everything you say. 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. Nextiva efax overcharged me for an entire year even before the monthly trial expired able to use the service at all . Watching them win is pure joy. 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. A total of 5,100 microshares of Got Stormy will sell for $45 for a 0.01% share. I am looking forward to watching my horses race, and if I get 95 cents, it will be a bonus. We have over 1,000,000 users and companies will listen to us. They are quickly turning horses with promise to the sales ring to be sold or placed in low claiming races. While we try to do that when offering bundles, three horses isn't a sufficient size for diversification in this case. 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. With this, my only complaint is the lack of races for the horses purchased. Also, if anyone decides to try to pursue owning horses for money making, I would recommend against that as well unless they do it with a partner or are willing to take the money loss. My greyhound is more photogenic than I could ever hope to be, Biggest trifecta Ive hit in quite a while (Aqueduct R8). They get all the profits and breeding rights while they price gouge customers. Privacy Policy. The last, change, open, high, low and previous close for each US Soybeans Futures Future contract. I just think its terrible value for money for newcomers to be starting out. Here. (Unless you are running a microshare syndicate and marking up $1M horses to $10M, which is of course a great idea). 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. You as the unit holder pay the whole whack after that. 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. Out of that comes your jockey fee sliding scale, pony fee ($35 avg). Grade B=Solid Play. They added another location, Australia, in June of 2021, and currently have 36 horses there and over 12,000 owners Down Under. Invest a modest amount (or more) in the race horse prospects offered. MRH fee of 20% of offering, 7.5% of net prize money, and 12.5% of final net sale. before paying out cash. myracehorse.com: Read Pros, Cons,Reviews and More MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. What is MyRacehorse? How the hell can a company that doesnt own a horse take 1/8th of the sale price if its sold? Great job to all the connections as well. In their defense, they buy a horse for $75,000 without any commitments from anyone. One of their top horses finished third in a $ 300,000 race. 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. I knew the purchases would not yield any sort of ROI, but purchased for the love of the sport and personal interest in racing. Horse value: $62 Every owner (whether your with MRH or doing it on your own) will end up with those circumstances. I think it's fine if you understand the negative aspects of the program: The horse is marked up at an incredibly high rate to guarantee large profits to those running the syndicate. She has since had 15 starts after leaving MRH ownership. Loans from management is within th e contract. We make ownership of elite horses more accessible at a one-off affordable price," MyRacehorse CEO Michael Behrens said. You as the unit holder pay the whole whack after that. Please fix this. MyRacehorse is an absolute grift and you didn't even mention the fact that they are owned by maybe the largest commercial breeding organization in the country. You are paying $68 every year after that for every year it races on. 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 I buy a Lotto ticket each week and believe that I will never win. (All Weather Track) I completely understood what it was going in. My Racehorse is a great opportunity for entertainment. But it is possible! 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. Those are only the costs up to 30 June 2014, when the filly will be just four years of age. I read some of the reviews from the site but I am sure they hand pick what goes on there so was hoping to get more of an unbridled response here. The yearling in question was sold just three months ago through the Magic Millions sale ring. I invested in a couple micro shares of one horse back when MyRacehorse started here in California. 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. Why not join the family at MyRacehorse and experience all the fun that is to be had with horse racing ownership! MyRacehorse success stories So I saw a commercial for the the site and it had me curious. 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. MyRacehorse is utterly open about what your financial contribution goes to, from acquisition of the horse, to training costs, to overhead and management fees. Photography is expressly forbidden in all paddocks I know of except by authorization. Horses are well taken care of and the Jockeys and Trainers are vetted to ensure the horses are cared for 24/7. I love screaming at the TV as they run down the final stretch. It is probably a fun and exciting way for those that have always dreamed of being involved in horse racing, but from the perspective of having owned, trained being involved with these Magnificent Equine Athletes, this is lack luster and almost impossible to get a ROI. Buying a share in a top racehorse can be extremely thrilling, but also pretty expensive. Checking with the professional handicappers gives you an idea too. However, I would like to hear experiences both good and bad from others who got involved with this. Another horse ran one race and didn't even finish. Admittedly its two years old, but costs havent gone up that much. Ahead of Authentic's start in Saturday's Preakness, Behrens said interest has exploded . The first thing any proceeds do is top off the reserve account for expensive. myracehorse.com Review - Scam Detector. Mrh is who profits but if you like this experience it's up to you. 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. The best way to buy a racehorse is to join a syndicate or racing club and buy a stake in your own racehorse, says Emma Lunn. Prepaid Expenses:$74 - Includes 2 Years Prepaid Training, Admin and Mortality InsuranceManagement Fee. MyRacehorse ranks 2nd among Horseback Riding sites. 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. Myracehorse people were up front with money issues. Hi Penelope, we ecstatic to read your comments; thank you. I don't really count got stormy and monomoy Girl cause my racehorse bought into them really late. MyRacehorse are trying to sell a 40% share in it for $330 000. I already have found myself in the paddock with one of my horses, along with his hall of fame trainer and jockey who were open and friendly. The photos list an email address or other strange text such as "not sold on . I always loved the sport and this brings a whole new level of being apart of it! Just blindly bought into this dream of owning a fraction! Management Fee: $32 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Is it Legit? 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. Omg thank you! Potential investors should read all of the investment documents that are provided to them. In addition to the app updates, the MyRacehorse ownership team will provide a suite of experiential services for owners. myracehorse.com is hosted by AMAZON-02 - Amazon.com, Inc., US. For the money paid, the bad news just seems to layer every week. Some rainers will add Race Day fees. Sooner or later, companies that fail to provide good public service will pay the price in the marketplace.
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