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. Horses often placed in spots for advertisement and not winning. Yes, I am very pleased with Myracehorse. 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). The Keeneland and Farm Tours are owner favorites! We hope you continue to enjoy the ride! I am thrilled with this organization. Now I can focus on that private jet . I am not sure of the extent of the ownership with the shares that I have , If MRH owns these horses throughout their racing careers and into the breeding sheds ,do the shareholders reap any of the benefits from the breeding ? They get all the profits and breeding rights while they price gouge customers. You as the unit holder pay the whole whack after that. Don't expect to make money but you will have excitement worth more than money! Currently in Florida, You gotta have goals and owning a racehorse has always been one of them. Thank you this app! Create a free account to receive new Just imagine that this filly becomes the 2nd to do it. I bought into vow. 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. For additional commentary, follow us on twitter @jsiegelracing. Gain trust and grow your business with customer reviews. 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. The app divvied the stake into . Not one person I know of has made a profit. I would suggest doing more research and looking to spend money somewhere else if you want to get into the horseracing game. With no ongoing fees, it's all fun when. All Reviews Did not do this for a profit but find it hard to see these sweet creatures treated like machines. Horse racing: free sibling report for kempton park race 6 for thursday, 19th january 2023. McAfee assesses myracehorse.com for a meaningful set of security threats. The math and logic was very simple. She was on the sidelines until November of 2022, where she finished second with $75K maiden claimers. Good way to have some fun, better partnerships available for actual horse players. Been a fan my entire life, but dont really see the point or thrill of this. Weight, 122 Lbs. Up and coming company that is going Global. In their defense, they buy a horse for $75,000 without any commitments from anyone. Another horse ran one race and didn't even finish. This conclusion was arrived at by running over 65 MyRacehorse User Reviews through our NLP machine learning process to determine if users believe the app is legitimate or not. What did the micro share " partners " make? Not just looking at a horse. Sooner or later, companies that fail to provide good public service will pay the price in the marketplace. Bought into a horse for $301, horse won 4 out of 11 races. Lotto style perks + no bang for your buck, IF YOU ARE LOOKING FOR GOOD CUSTOMER SERVICE LOOK ELSEWHERE, I love all 28 of my horses. Zero stress. 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. Their big banner headline claim is not quite correct though, or anywhere near it. I plan on purchasing more horses. The MRH team not only keeps us up to date on our horses progress but is incredibly easy to reach in a one-on-one basis. Claim your listing for free to respond to reviews, update your profile and manage your listing. She raced a couple days ago and did an amazing job! 20 percent of your money is being paid to the promoters as a management fee. Very professional outfit. 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. Good luck with your horses. You'll fell more apart of the sport by just placing a few bets. Etc no response. They are quickly turning horses with promise to the sales ring to be sold or placed in low claiming races. Seeing Authentic win the Derby and the Classic was so ecxiting. Neither is a problem with MyRacehorse. 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. It's become day trading more than an 'investment'. Horses are well taken care of and the Jockeys and Trainers are vetted to ensure the horses are cared for 24/7. Seat at the track were on the finish line, food was tasty and great service. 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. MyRacehorse offers the excitement of racehorse ownership to any casual fan by way of fractional shares; in most cases, under 200. Appreciate this for what it is. These are all the main negatives of MyRacehorse! Do not waste your money. The offering on Myracehorse's website spelled it out quite simply: Valuation Current Horse Value - $15,153,750 MRH Stake: 12.5% or $1,894,218.75 Offering Total Offering - $2,575,000 Share Price - $206 Total Shares - 12500 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. 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. For a stay at home senior citizen who has been a lifelong racing fan, it is the answer to my dreams. Yes. Yes! MyRacehorse are trying to sell a 40% share in it for $330 000. lol there is no financially smart way to get into racehorse ownership. Yes. (All Weather Track) 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. Just fantastic experience all around! myracehorse.com is hosted by AMAZON-02 - Amazon.com, Inc., US. 20 percent of your money is being paid to the promoters as a management fee. The horse's well-being will always be our primary priority, on and off the track. One of their top horses finished third in a $ 300,000 race. Just imagine what their payout would be for a horse that's NOT this great! Looking forward to the future with MRH. They absolutely do not get backside access. A class act and a lot of fun. 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. If you true goal is to make a ton of money, this is probably too risky of a bet to make it worthwhile. Well, for some people, it is indeed the closest they are ever going to get. Further, I would never be able to touch the quality of the MyRaceHorse offerings through a traditional partnership. Here is an example. 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. MyRacehorse leased 51% of her racing rights for $125,000. Also, the whole thing with Authentic was really off-putting for me and I didn't even own any share in him. Their big banner headline claim is not quite correct though, or anywhere near it. Cheers. This has not been the positive experience I had hoped for. MRH fee of 20% of offering, 7.5% of net prize money, and 12.5% of final net sale. Race day. "It was unbelievable," Behrens said. Someone on here said it's like buying into an illusion and some people like that. They are no place for minor share holders especially a lot of them. I really don't think most people do. When things like boarding, trainer costs, vet, feed, vanning, etc. It is a complete scam! coupons for your favorites apps every week. 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. That's outrageous Tara U THEY SCAM THOUSANDS OF PEOPLE WITH THEIR FLOWER ORDERS. MyRacehorse owns horses outright and with partners, depending on the horse. MyRacehorse is very safe to use. myracehorse.com: Read Pros, Cons,Reviews and More MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. Search. (#4, R4) has a legitimate . Finish setting up your account for the full AppGrooves experience. 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. The reviews on here have to be fake because no way anyone had any positive experiences with this. Service 13 Value 13 Shipping 4 Returns 3 Quality 9 Positive reviews (last 12 months): 40% View ratings trends 19 See all photos 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. 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-. We use cookies for analytics, personalization, and ads. To claim your App. 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. With this, my only complaint is the lack of races for the horses purchased. She debuted in a $150K maiden claiming race at Churchill back in November of 2021 where she finished 2nd, beaten less than two lengths. My aunt was a trainer and I would travel with her to Delta every summer. Three quality prospects tailor made for one of the industry's best trainers, Chad Brown. myracehorse.com Review - Scam Detector. We can't wait to see what the rest of 2023 has in store for both these horses. . Horses are entered into a suitable race when they are fit and healthy. 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. MyRacehorse has a consumer rating of 2.89 stars from 28 reviews indicating that most customers are generally dissatisfied with their purchases. How the hell can a company that doesnt own a horse take 1/8th of the sale price if its sold? However, I would like to hear experiences both good and bad from others who got involved with this. 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. I bought a few shares of a horse (Collusion Illusion) last year. After getting approx 10k of our money the trainer Mark Glatt said he needed more weight an muscle not quite ready. AppGrooves experience. Of course it will be years before I know the exact financial outcome. My racehorse isnt in it to make vast amounts of money. myracehorse.com is safe. Every owner (whether your with MRH or doing it on your own) will end up with those circumstances. Thus if the horse is injured prior to selling off they lose $85,000 ($75k + xrays, tax on $75k, vanning vets). Thank you to My Racehorse. Which means that if like Winx it races until its 7-year-old season you have to pay another $204. The approximated value of myracehorse.com is 14,400 USD. I bought shares in lane way. You ain't gonna sell casual fans on an ownership experience that includes $500 assessments every month when a 5k claimer is turned out resting on the farm for 4 months in the winter lmao, Agree, my father in law is wealthy and I see how much he spends for the output and its not great lol and ohh, yeah x is injured from something so gotta turn out, oh bled after the race time to retire. Press question mark to learn the rest of the keyboard shortcuts. Put in a request for a paltry $155.44 withdrawal on 3/9/2022. I'm an owner who loves watching my thoroughbreds racing at the top of their game. I asked MRH if they are in the black and got no response. Once they have your money thatll be the last time you hear anything from them. 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. is myracehorse legit. 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. MyRacehorse also takes 7.5% of any prizemoney earned, which is a boiler room scam if you have ever seen one. Get started today. Your cash outlay is finished the day you buy into a MyRacehorse horse. One of the three horses never even made it to a race because the horse had absolutely no interest in racing. I really like the MyRaceHorse business model that covers racing and training expenses through winnings deductions rather than quarterly expense charges. At the top end the overall annual cost to train a horse, with all things included, is $50 000 $60 000 maximum. 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. Prepaid Expenses:$74 - Includes 2 Years Prepaid Training, Admin and Mortality InsuranceManagement Fee. Multiple offerings of Securities may be conducted on this Site. You will not own a horse or even be treated as such. 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 promoters dont own a share in the horse, the unit holders do. We have over 1,000,000 users and companies will listen to us. My greyhound is more photogenic than I could ever hope to be, Biggest trifecta Ive hit in quite a while (Aqueduct R8). Hi Marvin, We've had a number of horses be profitable ventures for their partners including Going to Vegas, Street Band, and Vertical Threat. So many great groups out there. I mean I know no one is going to get rich with 0.01% ownership. No trainer charges $80 000 a year. You get a "microshare" level of the horse owner's experience. Report Issue. On the other hand, if the horse doesn't win at al (or does poorly)l, MyRaceHorse does *not* come back for more money - you'll never have to put up money beyond your initial share purchase. So you need to be competitive and win races, or else you are burning through cash very quickly. If they don't respond we plan to file a complaint with the SEC. DO NOT USE THIS PLATFORM AS AN INVESTMENT. These badges provide access to special race day privileges, including the backside, paddock, special seating and if lucky enough, the winners circle. Their aim is to make racehorse ownership available to any casual fan by way of fractional shares. Secure Shopping Free Shipping! Not legitimate and you will not actually own anything. But a way to bring people into the sport, which it needs WAY more than better value propositions. Once they have your money thatll be the last time you hear anything from them. 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. Check your inbox for a special welcome gift! I own large percentages with other syndicates and breeder/trainers but mixing in several micro shares gives any race fan the ultimate experience. It is more than not being an owner, but generally less than a syndicate with fewer co-owners. Now in the OBS April 2021 Sale she was sold to myracehorse.com for $140,000 358,000-140,000 ==== 218,000, 2. I know quite a few people in this industry and can get a more personal experience elsewhere. I have investments in 22 horses and am very satisfied. MyRacehorse are skimming an additional 30-40% off the top. MyRacehorse is a marketplace designed to allow every fan an opportunity to buy into a racehorse. We look forward to keeping our momentum going strong in 2023. Unbelievable RIP Show Your Cards! We saw and got pictures with 2 triple crown winners. Cookie Notice 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. 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. Its given me exactly that. They added another location, Australia, in June of 2021, and currently have 36 horses there and over 12,000 owners Down Under. 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. MyRacehorse is a totally legit app. IF it earns the $20 million before it turns 4 and 3/4. Acquisition Costs:$8 - Includes Vet Check and Bloodstock Fee, 3. The yearling in question was sold just three months ago through the Magic Millions sale ring. MyRacehorse is utterly open about what your financial contribution goes to, from acquisition of the horse, to training costs, to overhead and management fees. I do my racehorse for fun.i have other horses that I own on my own with friends separate from my racehorse, It gets more people involved in the sport. Browse available horses from top ownership groups and top trainers. 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. The Mathew Ellerton and Simon Zahra-trained Everything Nice will be one of the first runners of the concept, which was developed by Victorian breeder Spendthrift Farm. MyRacehorse scooped up a 5% minority stake of Street Band in late March when the long shot clinched a spot in the Kentucky Oaks after winning the Fair Grounds Oaks. 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. I paid $180 for a 4 horse package of 2 year olds. Maybe start off slow and go from there. 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 MyRacehorse works most of the time. It will be very difficult to make a profitable return with an investment in a horse with the specific terms and conditions. Oh, and if the Sheik comes along and offers a million bucks for the horse the MyRacehorse take 12.5% of it too. We have developed a system that will try to get in touch with a company once an issue is reported and with lots of issues reported, companies will definitely listen. What's the sense of investing tens of thousands of dollars in a horse(s) if you can't get the opportunity to see it(them) up close and personal. . Purse $25,000. Sent pictures of him " resting peacefully" at the race on his side laying down in the middle of the day? 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. 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. 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. 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. Stand in the winner circle with us and be apart of history. It is part of the territory and is made up in actual work they do. Here's some photos of some of my favorite horses I have and winners. 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. She goes to the tracks with me and its a memory I will treasure. 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. This is 3/31/2022 and STILL have not received payment. Allow me to illustrate this with a simple example. Acquisition Costs: $3 So where does your other $103 go? It was no hidden secret. But I have some reports of high end syndicates having no interaction with horses and/or trainers either, so there are no guarantees. Thanks again!! 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 . If you want to be competitive and are not in the top echelon of racing, you will run for a claiming tag. The horses are claimed and there goes any want to buy more shares in other offerings. 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. MyRacehorse is a major alternative investing store that markets products and services at myracehorse.com. Hi Martin, we're super pleased to know you're enjoying the MRH experience. I made back about a third of what I paid for her share. Some people come in from $95, some for $3,000 and even some for $50,000," Behrens says. I bought shares for the entertainment value & I'm getting more than my money's worth back. Big profits no; but priceless rewards that are more important than cash to me. Everything is spelled out prior and after your investment. This model allows literally thousands of small investors to participate in the excitement and thrill of big time horse racing for only a small fraction of what it would normally cost to purchase ownership shares in a racehorse. 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. A veterinarian will stop in thr barn everyday. 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. I have been on cloud 9 since I made the purchase. While technically correct, it's pretty misleading and if they think they have any decision making in it they are pretty delusional. Hey Mimi, You're a terrific racing ambassador. 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. 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. Also if your horse does not have the caliber of being a stakes winner they will drop them in a claiming race or end there career before even giving them a fair chance. Horse Racing Betting. 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 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. Admittedly its two years old, but costs havent gone up that much. Love it MyRacehorse should be viewed like losing money at the casino. None of the my racehorse horses have yet to turn a profit. I like that the app is easy to use, their upfront about how it works and they make it easy to buy a share. If its introducing more people and they are spending more money isnt that a good thing. This is completely ludicrous and a scam after sitting on our monies for two years and not paying a single penny to shareholders. Finally the "little guy" gets to play in the Sport of Kings. That's crazy. After a few years of getting my feet wet in the racehorse ownership business with a couple of "traditional" style syndicates where a relatively small group of owners (e, g., 20) purchase ownership percentages in a certain racehorse partnership (typically a minimum of 3-5%), and then are also responsible for paying their respective ownership share(s) of future upkeep and maintenance expenses, administered on a monthly or quarterly basis, I invested tens of thousands of dollars of my retirement nest egg in horses being offered by MYRACEHORSE. After such an electrifying race, we're really looking forward to this colt's 4-year-old campaign. MyRacehorse competes with other top alternative investing stores such as Vinovest, Masterworks and AltoIRA. I cant even see the 20+ horses I own. Race 5 - POST Time - 7:55 PM ET Turfway Park MAIDEN CLAIMING $15,000 - $10,000 . 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 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." Grade B=Solid Play. I have emailed, called lvm no response as to what are they are going to do. I don't really count got stormy and monomoy Girl cause my racehorse bought into them really late. Fail. The most common mark of a scam ad is a trailer or horse priced far below market value. 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. That was nice. With a part ownership I deducted: The DRF Mileage to the track and home (.26/ mile I think), we made sure to take vacations to places that had a track, chaching airfare, hotel, etc etc because I went to look for horses to buy, business trip) plus training expenses, plus plus. We make ownership of elite horses more accessible at a one-off affordable price," MyRacehorse CEO Michael Behrens said. Investor beware. 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. This is not legitimate and you will not actually own anything. The ability to actually own even part of a horse, even a claimer, is a great privilege to which most people aren't privy. Nextiva efax overcharged me for an entire year even before the monthly trial expired able to use the service at all .