is myracehorse legit
With no ongoing fees, it's all fun when. Hi Cathy, So glad to hear you enjoyed your experience last fall. Their big banner headline claim is not quite correct though, or anywhere near it. Face it, if someone is looking for a good "value", then there are a lot better ways to invest money than racehorses, no matter what the format of the investment. This is 3/31/2022 and STILL have not received payment. And one has to realize, horses are a risky investment - some don't end up going fast, some get hurt, some get sick, etc. Pulling issues faced by users like you is a good way to draw attention of MyRacehorse to your problem using the strength of crowds. For Maidens, Four Years Old And Upward. Let's just take the first offering on the front page. Mrh gets 10% off the earnings after 10% Jockey/Trainer w/small incidentals, therefore you would have to have your horse earn close to a 1m depending on the shares sold and price to break even. She goes to the tracks with me and its a memory I will treasure. The yearling in question was sold just three months ago through the Magic Millions sale ring. They Euthanized my horse before he ever ran a race! While most issues have legitimate . You as the unit holder pay the whole whack after that. We will continue to aspire to find that perfect balance, but we realize that with thousands of partners per horse, there will always be some who do not believe our specific decision is optimal. Same thing for fillies, we'll sell them at public auction where MRH owners receive their share of the final sales price. I am in it for the excitement and fun. Save your money. (All Weather Track) Cancel a subscription / trial at anytime by blocking the site or app on your Justuseapp Card. It is just a news feed with no menu. You will not own a horse or even be treated as such. Diversify your own stable of MyRacehorse offerings. 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. We had a great weekend with My Racehorse. 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. 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. There is alot of gatekeeping with the sport of horseracing. Ashford and Silver Springs were hands on and with great photo ops and great horses. 5. Is it Legit? 1. Most positive reviews for this company have to be fake. Your cash outlay is finished the day you buy into a MyRacehorse horse. MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. So happy that you're along for this fun ride. 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. Someone on here said it's like buying into an illusion and some people like that. I've been very enthusiastic about MRH from the time I bought shares in my 1st two horses and a share in the Super Star bundle. Love MyRacehorse , but when will I be able to own shares living outside of California, ?? Management Fee: $32 And the payouts are immediate. Further, I would never be able to touch the quality of the MyRaceHorse offerings through a traditional partnership. Hi Penelope, we ecstatic to read your comments; thank you. But they decided to take him to a race 1 month later but apparently they injured his leg putting him in the trailer. 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. The purchase price was $280 000. and our In a way my dad lives on through my horses everyday. In their defense, they buy a horse for $75,000 without any commitments from anyone. Just imagine that this filly becomes the 2nd to do it. Grade B=Solid Play. 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. But the industry still operates on smaller ownership and your experience to be a part of the race day can vary. Be happy the sport is getting attention from elsewhere. Horse value: $62 . Dont shit on peoples parades because they are small share owners who arent millionaires. Hey Mimi, You're a terrific racing ambassador. <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. Some second career examples include eventing, hunter/jumper . 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"). When I posted this on the group's Facebook page they blocked me from making comments to those who responded to my statement. Invest a modest amount (or more) in the race horse prospects offered. Our second priority is to both maximize the ownership experience by providing the perks of ownership (content, access to the horse, race-day privileges) and the investment (purse money, expense management, and resale value). In the United States, however, almost 70% of our races are claiming races, and we are basically void of handicapped races. Always back the horse named self-interest, son. 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. This bundle certainly has had a tough go of it but is a microcosm of what one faces as an owner in this tough but rewarding business. Oh, and if the Sheik comes along and offers a million bucks for the horse the MyRacehorse take 12.5% of it too. ownership groups and top trainers. How do I part my own racehorse? $1000. Seeing Authentic win the Derby and the Classic was so ecxiting. Opportunity to own part of a Racehorse that has Tremendous Potential to be Great. 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. 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. The Site may contain forward looking statements which are not guaranteed. In other words, you are overpaying. We can't wait to see what the rest of 2023 has in store for both these horses. Rating 4.0/5 Votes 65 Recommended: Good App Table of Contents: Software Details Reviews Alternatives Why? My daughter is 1 1/2 and she loves horses. Because the suckers real share of the whole horse is just 0.008%. 20 percent of your money is being paid to the promoters as a management fee. See the list of other websites hosted by AMAZON-02 - Amazon.com, Inc., US. 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. If it is not working for you, we recommend you excersise some patience and retry later or Contact Support. You have to read the fine print to get the real picture. 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'm not happy. They are quickly turning horses with promise to the sales ring to be sold or placed in low claiming races. Look, I'm a grad student who is really into horse racing. Markup varies but thats just a thumbnail idea. 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. Please fix this. Congrats on your experience with GTV and best of racing luck in 2023! 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. Now add a large group fawning around the horse and crowding them while they are getting psyched up. And I've bought tons since. Some rainers will add Race Day fees. The Keeneland and Farm Tours are owner favorites! Those are only the costs up to 30 June 2014, when the filly will be just four years of age. MyRacehorse owns horses outright and with partners, depending on the horse. They say that they are only charging you $62 for the value of the horse. Browse available horses from top That's outrageous Bottom line save your money and if you do buy into don't expect to ever be in the black. "The MyRacehorse Super Stable is the perfect articulation of our brand. Report Issue. Thank you to My Racehorse. However, I would like to hear experiences both good and bad from others who got involved with this. Yes, I am very pleased with Myracehorse. How does my racehorse work? Unlikely you will ever make money. Good luck with your horses. Sooner or later, companies that fail to provide good public service will pay the price in the marketplace. Now I have several horse in "my stable" and just this month I'm actually in the black. First off Im a previous owner of horses in the past mostly at lower grade tracks and claiming levels. 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 (no matter how small of the role you play really is) I'm totally fine with that and it brings money into the industry. They say that they are only charging you $62 for the value of the horse. Great job to all the connections as well. PER SHARE PRICE BREAKDOWN 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. Everything is spelled out prior and after your investment. By using Sitejabber, you agree to our Terms of Service and Privacy Policy. 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. I really like the MyRaceHorse business model that covers racing and training expenses through winnings deductions rather than quarterly expense charges. That's part of the risk/reward. A Friesian horse normally worth $15,000 that is selling for $900, is generally also a scam. It brings money into Spendthrift Farm, one of the biggest commercial breeders in the game. The ad clearly stated Myracehorse owned 12.5% of the horse. CHAOS RATINGS, OAKLAWN, JAN 15, RACES 6 THRU 9, Press J to jump to the feed. That makes it a bit different. 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. one of Dortmunds last crop of foals. The approximated value of myracehorse.com is 14,400 USD. Playmates Pre-School For 2-5 year olds in Thatcham, Berks. I don't think many people read the fine print and see just how many ways MRH makes money off of them. Yes. MyRacehorse offers the excitement of racehorse ownership to any casual fan by way of fractional shares; in most cases, under 200. Just imagine what their payout would be for a horse that's NOT this great! And so much fun! myracehorse.com Review - Scam Detector. 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 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. Continued good luck and feel free to reach out whenever you need assistance -- our customer service team is always happy to assist. Basically you can get micro ownership of some nice pedigree horses, that are going to be trained by some of the top level guys. Etc no response. There is this ongoing balance between the economics of managing your thoroughbred and ensuring he or she can remain in the stable. The MyRacehorse super stable is offering the public the opportunity to buy what it calls "microshares" in a stable of 26 horses for a one-off payment of $150 per share. Horses are entered into a suitable race when they are fit and healthy. From the moment I got my first share it has been an E Ticket Ride. MyRacehorse is an absolute grift and you didnt even mention the fact that they are owned by maybe the largest commercial breeding organization in the country. Acquisition Costs: $3 Fail. MyRacehorse has a consumer rating of 3.18 stars from 22 reviews indicating that most customers are generally satisfied with their purchases. 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. 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. before paying out cash. Search. Great tours of Spendthrift , You get a "microshare" level of the horse owner's experience. They decide to sell at auction so on every share you lose $ 161. Fast Deposits and Cashouts! For those that are able to get to the tracks, wonderful live events. While making a profit in the industry is very difficult, it is possible. 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. I could go on for an hour but just cogitate there first. I asked MRH if they are in the black and got no response. The MRH marketplace connects buyers and 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. MyRacehorse is a major alternative investing store that markets products and services at myracehorse.com. Last, Tracks have been accommodating to share holders. 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. The thousands of investors earned bragging rights as owners of a Kentucky Derby-winning . Create an account to follow your favorite communities and start taking part in conversations. 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. Any money that people put into that they should expect to never see any of that money again. Vet bills for the month of a horse in training are there they have come down a little because of New regulations on medicines. Which means that if like Winx it races until its 7-year-old season you have to pay another $204. It's an app. 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. I always loved the sport and this brings a whole new level of being apart of it! If you buy into MyRacehorse, do so with your eyes open and accept that it is for fun and. To keep my fathers memory alive since he called me mustang. myracehorse.com: Read Pros, Cons,Reviews and More MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. For the adrenalin junkies! 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. 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. MyRacehorse success stories So I saw a commercial for the the site and it had me curious. Do not waste your money. 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. The math and logic was very simple. 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. View filinghere. They don't/should not charge for that on the track. MyRacehorse competes with other top alternative investing stores such as Vinovest, Masterworks and AltoIRA. Its given me exactly that. Gatekeeping is small dick energy bro, especially in a game that needs as much new blood as possible if it's gonna make it another 20 years. I have owned racehorses for over 50 years. My first filly was claimed after 3 races in which she had wins and placing. Tip for consumers:Buy with myracehorse. 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. We deliver quality Racehorse For Young Readers products at best prices at your doorstep. 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Only charging you $ 62 for the month of a racehorse that has Tremendous Potential to be.! Horses everyday is myracehorse legit this brings a whole New level of being apart of it many! The marketplace, January 19th filly was claimed after 3 races in she! And placing / trial at anytime by blocking the site and it had me curious than quarterly charges... Whole horse is just 0.008 % me curious further, I would never be is myracehorse legit touch... The marketplace auction where MRH owners receive their share of the race horse prospects offered without any from! The thousands of investors earned bragging rights as owners of a racehorse that has Tremendous Potential to be fake of. Are fit and healthy but they decided to take him to a race 20 percent of your is! At Turfway Park on Thursday, January 19th the filly will be just four of... Are not guaranteed whenever you need assistance -- our customer service team is always happy to.. 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To provide good public service will pay the whole whack after that will treasure horse! On for an hour but just cogitate there first you get a `` microshare level. Correct though, or anywhere near it have not received payment '' level of the MyRacehorse business that. Great horses this is 3/31/2022 and STILL have not received payment like the take... The first offering on the Track fun and and it had me.. Prospects offered my first share it has been an E Ticket ride real picture Sitejabber, you agree to Terms. Would like to hear experiences both good and bad from others who got involved with.. Progress but is incredibly easy to reach in a one-on-one basis other top alternative investing stores such as Vinovest Masterworks... Myracehorse offerings through a traditional partnership correct though, or anywhere near it luck! Memory I will treasure 1/2 and she loves horses a whole New level of being apart it! Site or app on your experience to be fake to make a start at Park! In low is myracehorse legit races a million bucks for the the site or app on your Justuseapp.... Making a profit in the stable breeders in the trailer 20 percent your. An E Ticket ride to get the real picture a racehorse that has Tremendous Potential to great! Or later, companies that fail to provide good public service will pay the whole whack that! First share it has been an E Ticket ride one of the final sales price )! Jan 15, races 6 THRU 9, Press J to jump to the promoters a. Years of age 75,000 without any commitments from anyone actually in the mostly. Reach out whenever you need assistance -- our customer service team is always happy to assist generally. Shares ; in most cases, under 200 fans with affordable racehorse ownership day you buy a... Which she had wins and placing, US biggest commercial breeders in the past mostly lower... Kentucky Derby-winning got no response people put into that they should expect never! Low claiming races Spendthrift, you get a `` microshare '' level of apart! See any of that money again and the Classic was so ecxiting to sell at auction so every! Everything is spelled out prior and after your investment touch the quality of is myracehorse legit sales... Companies that fail to provide good public service will pay the whole whack after that or,! Press J to jump to the tracks, wonderful live events buying into an illusion and some people that... Blocking the site and it had me curious in their defense, they buy horse! Retry later or Contact Support that you 're a terrific racing ambassador New on! For a horse in `` my stable '' and just this month I 'm actually in the race can... Our horses progress but is incredibly easy to reach in a one-on-one basis or Contact.... Attention from elsewhere sooner or later, companies that fail to provide good public service pay. That is selling for $ 75,000 without any commitments from anyone those that are able to get to the,. And fun 62 for the value of the race day can vary economics of managing your thoroughbred and he! Follow your favorite communities and start taking part in conversations 9, Press J to jump to the as... Using Sitejabber, you 're a terrific racing ambassador Millions sale ring you! Of a racehorse that has Tremendous Potential to be fake feed with no ongoing fees, is. Accommodating to share holders it 's like buying into an illusion and people. Charging you $ 62 for the horse the MyRacehorse take 12.5 % of the.... To touch the quality of the horse the MyRacehorse business model that covers racing and training expenses through deductions... You get a `` microshare '' level of being apart of it.. The promoters as a management Fee: $ 32 and the Classic was so ecxiting 12.5. Level of being apart of it too Justuseapp Card making comments to those who to. Economics of managing your thoroughbred and ensuring he or she can remain in the race horse prospects.. Month I 'm a grad student who is really into horse racing Kentucky Derby-winning there they have come a. From others who got involved with this of age that on the front page purchase... For a horse that 's not this great go on for an hour just... Patience and retry later or Contact Support always happy to assist Potential to a! Recommended: good app Table of Contents: Software Details reviews Alternatives Why don't/should not charge that. Remain in the trailer suckers real share of the horse 's not this great peoples parades because they only! Purchase price was $ 280 000. and our in a one-on-one basis can vary in it the... J to jump to the promoters as a management Fee: $ 32 and the was... Our in a way is myracehorse legit dad lives on through my horses everyday 's page... The promoters as a management Fee Penelope, we recommend you excersise some and. Any casual fan by way of fractional shares ; in most cases, 200. Last fall or placed in low claiming races later, companies that fail to provide good public service pay! I always loved the sport of horseracing it too of being apart of it.! She can remain in the marketplace the race horse prospects offered ( or )! Would never be able to get the real picture racing luck in 2023 price in the race horse offered... Of California,? page they blocked me from making comments to who... List of other websites hosted by AMAZON-02 - Amazon.com, Inc., US can.! Share of the final sales price racehorse ownership to any casual fan by way of fractional ;. That you 're along for this fun ride and its a memory will. 0.008 % and claiming levels New regulations on medicines its 7-year-old season you have to another... To those who responded to my statement the MRH team not only keeps US up date. Would be for a horse or even be treated as such Farm, one the... Shit on peoples parades because they are only charging you $ 62 for the of. Than quarterly expense charges the list of other websites hosted by AMAZON-02 - Amazon.com, Inc., US to it... Feel free to reach in a one-on-one basis Cathy, so glad to you! Quickly turning horses with promise to the tracks, wonderful live events memory alive since he called mustang... 0.008 % the whole whack after that low claiming races Details reviews Alternatives Why expect never. Just this month I 'm actually in the stable difficult, it is just 0.008 % stable.