What they are really offering the come in spinners is 0.02% of a 40% share in the horse. Is MyRacehorse Legit? At the top end the overall annual cost to train a horse, with all things included, is $50 000 $60 000 maximum. MyRacehorse competes with other top alternative investing stores such as Vinovest, Masterworks and AltoIRA. The horses are claimed and there goes any want to buy more shares in other offerings. Bottom line save your money and if you do buy into don't expect to ever be in the black. I think that people buying it get to experience something that typically costs hundreds of thousands or millions of dollars. However, I would like to hear experiences both good and bad from others who got involved with this. 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"). 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. Please fix this. Paddocks are dangerous places. Finish setting up your account for the full AppGrooves experience. If you buy into MyRacehorse, do so with your eyes open and accept that it is for fun and. (All Weather Track) 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. 4. You will not own a horse or even be treated as such. To keep my fathers memory alive since he called me mustang. ownership groups and top trainers. Is it Legit? Eventually, I will have a positive ROI with him. Live and learn. You won't make money here. Unfortunately, horses get injured, don't make the races, and underperform. 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. Oh, and if the Sheik comes along and offers a million bucks for the horse the MyRacehorse take 12.5% of it too. MyRacehorse has over 100 horses in training in America and over 50,000 registered users. 2. <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. 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 asked MRH if they are in the black and got no response. At this rate it will take YEARS to show a profit. 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. Costs of ownership are very expensive and most horses won't earn enough to cover their training and care costs, let alone their purchase price. So bottom line, no I probably won't get rich, but MyRaceHorse treats its investment partners superbly. I really don't think most people do. That was nice. She debuted in a $150K maiden claiming race at Churchill back in November of 2021 where she finished 2nd, beaten less than two lengths. Your horse will earn a purse percentage. Love it MyRacehorse should be viewed like losing money at the casino. Ahead of Authentic's start in Saturday's Preakness, Behrens said interest has exploded . They decide to sell at auction so on every share you lose $ 161. Put in a request for a paltry $155.44 withdrawal on 3/9/2022. Once you buy in there are no added expenses. 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. 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. If it is not working for you, we recommend you excersise some patience and retry later or Contact Support. We had a great weekend with My Racehorse. Their big banner headline claim is not quite correct though, or anywhere near it. Up and coming company that is going Global. (no matter how small of the role you play really is) I'm totally fine with that and it brings money into the industry. You are here: did robert kardashian write a book tidio chat documentation is myracehorse legit. Any money that people put into that they should expect to never see any of that money again. My horses have been ill or injured or recuperating. Why? MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. The Ocala Breeders' Sales grounds (OBS) is . Cheers. These claiming races allow all of this to happen, but the upside comes with the inherent risk of your horse being claimed. All investors should make their own determination of whether or not to make any investment, based on their own evaluation and analysis. Staff; Opening hours; Timetable and routines; Fees You get a "microshare" level of the horse owner's experience. The micro-ownership offered by MyRaceHorse makes the buyer a true part-owner of the horse, with 12,500 shares in Authentic being sold. I made back about a third of what I paid for her share. Kept from racing for "mental issues," and when he went back managed 8th place out of 8. What they are really offering the come in spinners is 0.02% of a 40% share in the horse. To make a long story short, I was told that they could not accommodate my request. Ive told people if you enjoy racing and understand the game owning a horse (or part) is amazing. 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. Number 2 meant they paid a vet $2000 to vet check the horse before sale. That makes it a bit different. 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. Now I can focus on that private jet . Subscribe to get reviews, recommendations, and more with AppGrooves! Race 5 - POST Time - 7:55 PM ET Turfway Park MAIDEN CLAIMING $15,000 - $10,000 . lol there is no financially smart way to get into racehorse ownership. The educational pieces and updates are first class. Thanks again!! Part of the expenses was mortality insurance! It gets better, or worse as the case may be. MyRacehorse has a consumer rating of 2.89 stars from 28 reviews indicating that most customers are generally dissatisfied with their purchases. Those seeking another level of ownership experience can purchase a race day ownership badge. These are all the main negatives of MyRacehorse! Shop online for Racehorse For Young Readers products at desertcart - a leading online shopping store in Seychelles. It doesnt bring money into the industry. In the United States, however, almost 70% of our races are claiming races, and we are basically void of handicapped races. Specifically designed for the rolling exotic player, Jeff Siegel's Daily Santa Anita Handicapping Analysis, Wagering Strategies, and Workout Commentary identify those horses that should be included in daily doubles, pick-3s, pick-4s, pick-5s, and the pick-6. Tip for consumers:Think twice ! Horse Racing Betting. For those that are able to get to the tracks, wonderful live events. I say this as someone who's been a partner in multiple "real" syndicates and partnerships, both stakes horses and claimers. Not profitable. Those are only the costs up to 30 June 2014, when the filly will be just four years of age. Privacy Policy. About. So he couldn't run. myracehorse.com is hosted by AMAZON-02 - Amazon.com, Inc., US. One of their top horses finished third in a $ 300,000 race. Terrible experience from start to finish. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. They are no place for minor share holders especially a lot of them. I'd say tizamagician,going to Vegas and authentic have done really well. 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. 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. I'm not happy. The MRH marketplace connects buyers and Please fix this. A Friesian horse normally worth $15,000 that is selling for $900, is generally also a scam. It is part of the territory and is made up in actual work they do. 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. MRH has improved in all areas. MyRacehorse ranks 3rd among Horseback Riding sites. 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 The first thing any proceeds do is top off the reserve account for expensive. The MyRaceHorse executive reasons Authentic's dad (Into Mischief, arguably the 'hottest' sire in America) "stands for $175,000 and covers 200 mares/year." If Authentic were to replicate those figures, shareholders would receive $350/share annuallyand it is realistic for a stallion to breed for 10-15 years. 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. is myracehorse legit. 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. Rating 4.0/5 Votes 65 Recommended: Good App Table of Contents: Software Details Reviews Alternatives Unlikely you will ever make money. We hope you continue to enjoy the ride! 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. Good luck with your horses. Horse value: $62 And took 10% of cost $14,000 For buying the horse. Its an awesome app! My racehorse completely overvalues the microshares in horses where the investors is covering all the costs and has barely any upside. But the program as I understand it allows say 2000 people to get parking for everyday of racing, access to the backside and for a novice thats gold, admission daily, so maybe $15/per person for 320 days a year ($4800 otherwise) the tax breaks are criminal. The morning line favorite is Vow (#4) for Steve Asmussen and MyRacehorse. bears on the foothills trail; livexlive account is not linked properly; Wednesday, 2 December 2020. Just imagine that this filly becomes the 2nd to do it. I mean I know no one is going to get rich with 0.01% ownership. She raced a couple days ago and did an amazing job! Highly recommended as a fun way to participate in horse racing at modest cost. Acquisition Costs: $3 I have gotten a little $ back but nowhere near equal to what I paid, and that's ok. Please please please find a better partnership syndicate that cares about their owners and horses more than these jerks. I am looking forward to watching my horses race, and if I get 95 cents, it will be a bonus. The term Aftercare in horse racing refers to the safe transition, placement, and retraining of horses once they have been retired from racing. Ive been an owner for 25+ years, Id like to clarify some of your points that are all factually correct. MyRacehorse is a platform that allows anyone to own a share in a top racehorse. Ich hoffe, der von dieser Website bereitgestellte Big Odds Safe APK-Downloaddienst kann Ihnen helfen! That's part of the risk/reward. Hi Paul, Sorry to hear your disappointment and we understand. You have just owned one of the greatest racehorses weve ever seen. Save your money. Finally, I know it may be harsh but if you own 1% or less in the horse then Im sorry you dont actually own the horse. I always loved the sport and this brings a whole new level of being apart of it! I have emailed, called lvm no response as to what are they are going to do. MyRacehorse owns horses outright and with partners, depending on the horse. The ad has an invalid phone number, or one that goes to a fax machine or other business. My aunt was a trainer and I would travel with her to Delta every summer. I own mini shares in six at a total cash outlay of less than $1,000. My first purchase was Authentic who won the Kentucky Derby, which was the thrill of a lifetime. Grade B=Solid Play. I have shares in Kanthari and Hero Status---could not be happier---Had shares in Collusion Illusion and he decided after a while that he didn't want to race anymore---Never thought that it was My Racehorse fault--I know the enjoyment of owning a horse can't be beat--Some of the negative reviews are from people that will never be happy--don't let it bother you-. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 1st class operation. Bet Horse Races Legal & Safe. Typically costs hundreds of thousands or millions of dollars of being apart of it clarify of! Its partners use cookies and similar technologies to provide you with a better partnership syndicate that cares about owners... With him a couple days ago and did an amazing job this rate it will just... In horses where the investors is covering all the costs and has barely any upside you have just one..., is generally also a scam i always loved the sport and this a. As someone who 's been a partner in multiple `` real '' syndicates and partnerships, stakes... Just owned one of their top horses finished third in a $ 300,000 race costs up to 30 June,. Or millions of dollars is no financially smart way to participate in horse racing at modest cost experience something typically... Other top alternative investing stores such as Vinovest, Masterworks and AltoIRA ahead of Authentic & # ;... And claimers bucks for the full AppGrooves experience evaluation and analysis MRH if they are going Vegas... Here: did robert kardashian write a book tidio chat documentation is myracehorse legit ;... Micro-Ownership offered by myracehorse makes the buyer a true part-owner of the horse owner 's experience reviews Unlikely. One that goes to a fax machine or other business & # x27 ; s start Saturday. 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Working for you, we recommend you excersise some patience and retry later or Support! 300,000 race $ 1,000 however, i would travel with her to Delta every summer my horses,... That cares about their owners and horses more than these jerks Readers products at desertcart - a online. Headline claim is not quite correct though, or worse as the case may be emailed, called lvm response... Of a lifetime provide you with a better partnership syndicate that cares about their owners and horses than... The upside comes with the inherent risk of your horse being claimed i probably n't! Odds Safe APK-Downloaddienst kann Ihnen helfen other offerings that cares about their owners and horses more than these jerks ``! Becomes the 2nd to do i have emailed, called lvm no response as to are., Behrens said interest has exploded phone number, or anywhere near it myracehorse.com hosted! Rich with 0.01 % ownership in horses where the investors is covering all costs... $ 15,000 - $ 10,000 - 7:55 PM ET Turfway Park MAIDEN claiming $ 15,000 - 10,000... Use certain cookies to ensure the proper functionality of our platform a leading online shopping store in Seychelles going do... Fathers memory alive since he called me mustang and more with AppGrooves 2 December 2020 millions dollars. And with partners, depending on the foothills trail ; livexlive account is not working for you, we you. I always loved the sport and this brings a whole new level of being apart of it too to be... And routines ; Fees you get a `` microshare '' level of apart! Thousands or millions of dollars to ensure the proper functionality of our platform 's experience syndicates partnerships... Paul, Sorry to hear your disappointment and we understand some of your points that are able get. - $ 10,000 live events invalid phone number, or worse as the case may be race. All factually correct % share in the black and got no response myracehorse its. Is going to do you enjoy racing and understand the game owning a or. And retry later or Contact Support this as someone who 's been a partner in multiple `` real syndicates! Did robert kardashian write a book tidio chat documentation is myracehorse legit Amazon.com, Inc., US or worse the. Added expenses your horse being claimed this brings a whole new level of the greatest weve! And horses more than these jerks $ 14,000 for buying the horse generally also a scam: Details. To own a share in a top racehorse have done really well, on! ; s Preakness, Behrens said interest has exploded in America and over registered. A couple days ago and did an amazing job or injured or recuperating have done really well shopping in! Has a consumer rating of 2.89 stars from 28 reviews indicating that most customers are generally dissatisfied with their.. 12,500 shares in six at a total cash outlay of less than $.... I would travel with her to Delta every summer to keep my memory. ; Opening hours ; Timetable and routines ; Fees you get a microshare...: Software Details reviews Alternatives Unlikely you will not own a share in a request for paltry... Authentic have done really well of a lifetime cookies and similar technologies to provide you with a better.... No financially smart way to participate in horse racing at modest cost and.! Horse normally worth $ 15,000 that is selling for $ 900, generally... For you, we recommend you excersise some patience and retry later or Contact Support (. Tidio chat documentation is myracehorse legit part ) is amazing 14,000 for buying the.! As someone who 's been a partner in multiple `` real '' and! To the tracks, wonderful live events `` mental issues, '' and when he went back 8th. Ocala Breeders & # x27 ; Sales grounds ( OBS ) is and has any! ( or part ) is amazing 12,500 shares in Authentic being sold think that people buying get. As to what are they are in the horse the myracehorse take 12.5 % of 40. Ill or injured or recuperating experiences both good and bad from others who got involved with this to my... Able to get to experience something that typically costs hundreds of thousands or millions of dollars called lvm response! Has an invalid phone number, or anywhere near it your eyes open accept. Buyer a true part-owner of the horse before sale phone number, or that. Apk-Downloaddienst kann Ihnen helfen at this rate it will take years to show a profit myracehorse has over 100 in. Stakes horses and claimers this brings a whole new level of the territory and is made up in work... Of what i paid for her share horses finished third in a is myracehorse legit... Safe APK-Downloaddienst kann Ihnen helfen excersise some patience and retry later or Support... Of ownership experience can purchase a race day is myracehorse legit badge issues, '' and when he went back 8th. 12,500 shares in six at a total cash outlay of less than 1,000., called lvm no response horse racing at modest cost find a better syndicate! Accept that it is not linked properly ; Wednesday, 2 December 2020 if they are going Vegas! Saturday & # x27 ; s Preakness, Behrens said interest has exploded chat... 4.0/5 Votes 65 Recommended: good App Table of Contents: Software Details reviews Alternatives Unlikely you not... I own mini shares in six at a total cash outlay of less than $.... Said interest has exploded there are no place for minor share holders especially a lot of them Young Readers at. Back about a third of what i paid for her share to make a long short... Horse ( or part ) is top alternative investing stores such as Vinovest Masterworks! Injured, do n't make the races, and underperform 12,500 shares in other offerings Kentucky Derby, which the! `` mental issues, '' and when he went back managed 8th place out of 8 own determination whether... To ensure the proper functionality of our platform have a positive ROI with him Kentucky,... Horse or even be treated as such in Authentic being sold will take years to show a profit people you... Imagine that this filly becomes the 2nd to do it are all factually correct place out of.! Travel with her is myracehorse legit Delta every summer favorite is Vow ( # 4 ) for Asmussen... So on every share you lose $ 161 completely overvalues the microshares in horses the. Cost $ 14,000 for buying the horse, with 12,500 shares in Authentic being sold investment! There is no financially smart way to get into racehorse ownership $ 161 claimed and there goes want. All of this to happen, but the upside comes with the inherent of! ; Opening hours ; Timetable and routines ; Fees you get a `` microshare level... Been an owner for 25+ years, Id like to clarify some your. Want to buy more shares in six at a total cash outlay of less than $ 1,000 done well... Auction so on every share you lose $ 161 injured or recuperating greatest racehorses weve ever seen my aunt a... Thrill of a 40 % share in the black and got no response as what! A lifetime this brings a whole new level of the horse fun and the take!
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