I invested in a couple micro shares of one horse back when MyRacehorse started here in California. Weight, 122 Lbs. I think that people buying it get to experience something that typically costs hundreds of thousands or millions of dollars. I've purchased shares in a bunch of horses via MyRaceHorse.com. Have contacted MRH 3 times. I cant even see the 20+ horses I own. While we try to do that when offering bundles, three horses isn't a sufficient size for diversification in this case. I have investments in 22 horses and am very satisfied. The Keeneland and Farm Tours are owner favorites! 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. 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. Very professional outfit. Be Kind and Courteous Start Saving with Free Coupons Delivered Daily. MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. 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for the potential offering is qualified by the U.S. Securities and Exchange Commission, (iii) any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date, and (iv) an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. Acquisition Costs:$8 - Includes Vet Check and Bloodstock Fee, 3. 996 talking about this. I am looking forward to watching my horses race, and if I get 95 cents, it will be a bonus. 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. The Site may contain forward looking statements which are not guaranteed. Hi Martin, we're super pleased to know you're enjoying the MRH experience. Here is an example. I'm not happy. She has since had 15 starts after leaving MRH ownership. Their big banner headline claim is not quite correct though, or anywhere near it. Kept from racing for "mental issues," and when he went back managed 8th place out of 8. I bought a few shares of a horse (Collusion Illusion) last year. With this, my only complaint is the lack of races for the horses purchased. Unlikely you will ever make money. Three quality prospects tailor made for one of the industry's best trainers, Chad Brown. Management Fee: $32 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. Grade B=Solid Play. 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). 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. Omg thank you! Hey Mimi, You're a terrific racing ambassador. Same thing for fillies, we'll sell them at public auction where MRH owners receive their share of the final sales price. To claim your App. Welcome to the MyRacehorse Australia Owners Group. Hi all, I dont post often in this sub but Ive seen a lot of talk recently here about my racehorse and its ownership model and I havent to say its probably financially one of the worst ways to get into ownership. 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? 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. Ron Quinton a Group 1 trainer who is not associated with MyRacehorse advises clients to allow $45 000 a year for costs. Auf der offiziellen IPGY-Website knnen Benutzer die Android-Version der Big Odds Safe-Anwendung online herunterladen. 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 . Please fix this. Love it MyRacehorse should be viewed like losing money at the casino. The app divvied the stake into . MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. 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. 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. I paid $180 for a 4 horse package of 2 year olds. My first filly was claimed after 3 races in which she had wins and placing. I really just wanted a cheap way to have a rooting interest a bit more than just a random wager. I bought shares for the entertainment value & I'm getting more than my money's worth back. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. When things like boarding, trainer costs, vet, feed, vanning, etc. Fast Deposits and Cashouts! bears on the foothills trail; livexlive account is not linked properly; Wednesday, 2 December 2020. They added another location, Australia, in June of 2021, and currently have 36 horses there and over 12,000 owners Down Under. The company is sold out of shares in any horse, according to its website, but it plans to offer more in the future. Be happy the sport is getting attention from elsewhere. 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. Appreciate this for what it is. 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. This is not legitimate and you will not actually own anything. By joining this group you accept to comply with MyRacehorse's Group Expectations and Rules: 1. All Reviews I also agree on anyone who calls themselves an "owner." 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"). Here's to keeping the momentum going! That's part of the risk/reward. Press question mark to learn the rest of the keyboard shortcuts. Divide it between the 2000 unit holders in the horse and you get $300 each. Just imagine that this filly becomes the 2nd to do it. Which will forever be written in the books. Of course they have to cover the reserves (food, entry fees, etc.) MyRacehorse are trying to sell a 40% share in it for $330 000. 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. No more to pay, and hopefully around 5 years of fun. Out of that comes your jockey fee sliding scale, pony fee ($35 avg). All investors should make their own determination of whether or not to make any investment, based on their own evaluation and analysis. So many great groups out there. This is 3/31/2022 and STILL have not received payment. I cant even see the 20+ horses I own. Hi Cathy, So glad to hear you enjoyed your experience last fall. No trainer charges $80 000 a year. There arent many ways to get involved, not many want to risk $20,000 to test the waters. You have to read the fine print to get the real picture. Like Mike Smith said after the race, he sure has a ton of stamina and heart. 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. Privacy Policy. 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 most common mark of a scam ad is a trailer or horse priced far below market value. For those that are able to get to the tracks, wonderful live events. But now after watching how fast the teams are unloading horses they deem unflattering to MFR, is making me reconsider my future participation. MyRacehorse owns horses outright and with partners, depending on the horse. That's value for money isn't it? You can always find ownership information disclosed on the horse's offering page. Ive been an owner for 25+ years, Id like to clarify some of your points that are all factually correct. Your cash outlay is finished the day you buy into a MyRacehorse horse. 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. To keep my fathers memory alive since he called me mustang. Of course it will be years before I know the exact financial outcome. 20 percent of your money is being paid to the promoters as a management fee. Plus, with the equity you also get to enjoy any race . 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. 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. 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. 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. The math and logic was very simple. So bottom line, no I probably won't get rich, but MyRaceHorse treats its investment partners superbly. is myracehorse legit. Etc no response. Your high end trainers it can be significantly higher. I have a micro share in 5 horses and understand that it is a "micro" share. Thats just the start of the shake, the intro to the grift. Part of the expenses was mortality insurance! IF it earns the $20 million before it turns 4 and 3/4. MyRacehorse is a major alternative investing store that markets products and services at myracehorse.com. 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Now after watching how fast the teams are unloading horses they deem unflattering to MFR, is making reconsider. So bottom line, no i probably wo n't get rich, but MyRacehorse treats its investment superbly! Group you accept to comply with MyRacehorse advises clients to allow $ 45 000 year... That are all factually correct diversification in this case to learn the rest of industry... Who calls themselves an `` owner. the fine print to get to the promoters a.