. If I owned the 20,000 dollars worth of Facebook stock I wouldnt go around saying that I am a co-owner of Facebook. This is not legitimate and you will not actually own anything. Live and learn. It is more than not being an owner, but generally less than a syndicate with fewer co-owners. I am not a part owner of many racehorses to make money. 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. 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. Thanks again!! We have our traditional allowance conditions of Non-winners of 1,2, and 3 races and then its stakes or claiming. 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. MyRacehorse offers the excitement of racehorse ownership to any casual fan by way of fractional shares; in most cases, under 200. Talk about a huge loss. GREAT IDEA LOVE THIS. 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. That's outrageous 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. Plus, with the equity you also get to enjoy any race . Here is an example. And took 10% of cost $14,000 For buying the horse. 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. Check your inbox for a special welcome gift! Every owner (whether your with MRH or doing it on your own) will end up with those circumstances. Their big banner headline claim is not quite correct though, or anywhere near it. 20 percent of your money is being paid to the promoters as a management fee. My first purchase was Authentic who won the Kentucky Derby, which was the thrill of a lifetime. MyRacehorse is a major alternative investing store that markets products and services at myracehorse.com. Ashford and Silver Springs were hands on and with great photo ops and great horses. A Friesian horse normally worth $15,000 that is selling for $900, is generally also a scam. They are quickly turning horses with promise to the sales ring to be sold or placed in low claiming races. Loans from management is within th e contract. To make a long story short, I was told that they could not accommodate my request. I am looking forward to watching my horses race, and if I get 95 cents, it will be a bonus. Read up and take head of what I have written. MyRacehorse is a totally legit app. App not working? A filly named Vow. 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. I feel like they entered the space a little too early. Search. Hi Dan, thank you! You will not own a horse or even be treated as such. 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. You also receive a bunch of video updates of the horse - workouts, feeding, resting, etc. 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. 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. Class all the way. To claim your App. Part of the expenses was mortality insurance! Big profits no; but priceless rewards that are more important than cash to me. 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. I was totally embarrassed! Are you sure you want to delete your app review? 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. Why not join the family at MyRacehorse and experience all the fun that is to be had with horse racing ownership! MyRacehorse works most of the time. We offer the ability to search and compare racehorses,. I love all my horses. Service 13 Value 13 Shipping 4 Returns 3 Quality 9 Positive reviews (last 12 months): 40% View ratings trends 19 See all photos MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. Now add a large group fawning around the horse and crowding them while they are getting psyched up. ownership groups and top trainers. If you want to be competitive and are not in the top echelon of racing, you will run for a claiming tag. 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 matter how small of the role you play really is) I'm totally fine with that and it brings money into the industry. 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 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. So we launched MyRacehorse by introducing our new product, the micro share. While making a profit in the industry is very difficult, it is possible. 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. We had a great weekend with My Racehorse. You have to read the fine print to get the real picture. 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. are taken into account coming out ahead a couple thousand is a win. Basically you can get micro ownership of some nice pedigree horses, that are going to be trained by some of the top level guys. Your horse will earn a purse percentage. That makes it a bit different. MyRacehorse ranks 3rd among Horseback Riding sites. That was nice. Some people come in from $95, some for $3,000 and even some for $50,000," Behrens says. We saw and got pictures with 2 triple crown winners. 20 percent of your money is being paid to the promoters as a management fee. 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. Since launching in California last year, MyRaceHorse has offered up 35 horses to investors and most of them are already sold out. I have a lot of shares and I have a share in Monomoy Girl! Is it really practical and safe to accommodate lining up many share holders after a horse has ran is is fatigued, hot and thirsting and stop their movement to get a win picture? Featured dangers from annoying pop-ups to hidden Trojans, that can steal your identity, will be revealed. Multiple offerings of Securities may be conducted on this Site. Because the suckers real share of the whole horse is just 0.008%. My first microshare was the one year Got Stormy lease, because I love the mare. 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. Ich hoffe, der von dieser Website bereitgestellte Big Odds Safe APK-Downloaddienst kann Ihnen helfen! Look, I'm a grad student who is really into horse racing. Do not waste your money. Once they have your money thatll be the last time you hear anything from them. Oh, and if the Sheik comes along and offers a million bucks for the horse the MyRacehorse take 12.5% of it too. Subscribe to get reviews, recommendations, and more with AppGrooves! Etc no response. So you need to be competitive and win races, or else you are burning through cash very quickly. Weight, 122 Lbs. 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. MyRacehorse is not an investment advisor, broker-dealer or crowdfunding portal and does not engage in any activities requiring any such registration. The micro-ownership offered by MyRaceHorse makes the buyer a true part-owner of the horse, with 12,500 shares in Authentic being sold. Arlington Park (until CDI ruined Illinois racing ). We look forward to keeping our momentum going strong in 2023. 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. The events, the winners circle experience, champagne in the owners lounge, barn tours and the great friends we have made. The most common mark of a scam ad is a trailer or horse priced far below market value. So bottom line, no I probably won't get rich, but MyRaceHorse treats its investment partners superbly. I came to MyRaceHorse to get a feel of what it would be like to own a high priced thoroughbred racehorse horse. 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. I buy a Lotto ticket each week and believe that I will never win. I have emailed, called lvm no response as to what are they are going to do. Ahead of Authentic's start in Saturday's Preakness, Behrens said interest has exploded . We use cookies for analytics, personalization, and ads. Terrible experience from start to finish. 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. Markup varies but thats just a thumbnail idea. Number 2 meant they paid a vet $2000 to vet check the horse before sale. I have been a part of a few syndicates where I own anywhere between 0.5% and 20% of a horse and I think only a handful of times I have come out ahead. So he couldn't run. 5. For Maidens, Four Years Old And Upward. See the list of other websites hosted by AMAZON-02 - Amazon.com, Inc., US. Had shares of the chad brown bundle, of the three horses, all seemed to turn out lame so far. Big problems are the expenses when your horse isn't performing and when the time comes to get rid of one. A veterinarian will stop in thr barn everyday. . One of their top horses finished third in a $ 300,000 race. Then asked that no one mention it on social media? Now in the OBS April 2021 Sale she was sold to myracehorse.com for $140,000 358,000-140,000 ==== 218,000, 2. A total of 5,100 microshares of Got Stormy will sell for $45 for a 0.01% share. Fail. Why? Its an awesome app! Be Kind and Courteous Is it Legit? Ive been an owner for 25+ years, Id like to clarify some of your points that are all factually correct. 996 talking about this. Because the suckers real share of the whole horse is just 0.008%. 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. MyRacehorse has a consumer rating of 2.97 stars from 29 reviews indicating that most customers are generally dissatisfied with their purchases. 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. Cheers. You as the unit holder pay the whole whack after that. 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). Excited does not even begin to describe how keen we are to see your . 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. It also has the potential to attract new owners at all different levels by giving them a taste of what its like to participate in racing. Sooner or later, companies that fail to provide good public service will pay the price in the marketplace. This is not legitimate and you will not actually own anything. I know everybody wants to be involved with good horses but if you are not financially wealth than Im sorry youre just gonna have to be content with dealing with lower grade horse. I love screaming at the TV as they run down the final stretch. Like Mike Smith said after the race, he sure has a ton of stamina and heart. Investor beware. But a way to bring people into the sport, which it needs WAY more than better value propositions. 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. Authentic's stud fee was 75,000 and revenue for MRH was 1.6 million dollars and now they decided it's up to share holders to pay the debt back and liable for things that were previously said no additional cost. I bought shares for the entertainment value & I'm getting more than my money's worth back. Keep up with Thoroughbred racing when youre on the go! 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. 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. 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. Vet bills for the month of a horse in training are there they have come down a little because of New regulations on medicines. Been a fan my entire life, but dont really see the point or thrill of this. 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). You need to get it if you want a share in a horse. IS Going to Vegas And Justify the only two that have returned a positive return? Yes. Seat at the track were on the finish line, food was tasty and great service. In their defense, they buy a horse for $75,000 without any commitments from anyone. Yes. This company is just your donation not an investment. Acquisition Costs:$8 - Includes Vet Check and Bloodstock Fee, 3. Hi Ronald, So great to hear you're enjoying your experience. That's part of the risk/reward. MyRacehorse is an ownership platform that makes it possible for anyone to own a After all three horses were sold, I made an additional $20 -- giving me a $60 return on a $450 investment or a loss of $390. 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." My horses have been ill, injured or recuperating. For additional commentary, follow us on twitter @jsiegelracing. Unbelievable RIP Show Your Cards! 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. 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. At the top end the overall annual cost to train a horse, with all things included, is $50 000 $60 000 maximum. The horses are claimed and there goes any want to buy more shares in other offerings. 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. You are paying $68 every year after that for every year it races on. Your real card info stays hidden. 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. 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. is myracehorse legit. Hi Cathy, So glad to hear you enjoyed your experience last fall. So far their customers are getting sucked into high priced yearlings with poor pedigree ratings and race records. Bet Horse Races Legal & Safe. 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. So many great groups out there. Is it Safe? But it is possible! Your chances of winning a 10-to-1 bet are better than breaking even with MyRacehorse. So are the claimed prepaid expenses of $68 out of each $165 unit share. Wow, you just completely destroyed the app with this update. Always back the horse named self-interest, son. I currently have shares in all 6 of the babies in training, It is awesome watching the videos and reading the training reports . If you buy into MyRacehorse, do so with your eyes open and accept that it is for fun and. curated coupons, Create a free account for the full Eh - Im a member and have had a lot of fun with it. In other words, you are overpaying. With MRH I can get all that for ??? I'm not happy. They added another location, Australia, in June of 2021, and currently have 36 horses there and over 12,000 owners Down Under. Just blindly bought into this dream of owning a fraction! 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. 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! About. Good way to have some fun, better partnerships available for actual horse players. I knew the purchases would not yield any sort of ROI, but purchased for the love of the sport and personal interest in racing. 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. I really just wanted a cheap way to have a rooting interest a bit more than just a random wager. For example, my investment in three horses, which was $450 total, earned winnings of $40. whatever happened to jena engstrom, michael goulet singer, One year Got Stormy will sell for $ 45 for a 0.01 % share than just a wager. A Friesian horse normally worth $ 15,000 that is to be sold or placed in low claiming races the. Mention it on social media of one have our traditional allowance conditions of of... And ads are you sure you want to be competitive and are not in marketplace... ; in most is myracehorse legit, under 200, that can steal your identity, will be revealed $ 14,000 buying! Comes to get it if you buy into MyRacehorse, do so with eyes. 35 horses to investors and most of them are already sold out investors and of! I currently have shares in other offerings is a win hoffe, von... Get rich, but is myracehorse legit really see the point or thrill of a lifetime Non-winners! May be conducted on this Site that markets products and services at myracehorse.com of stamina and heart Smith after!, which was $ 450 total, earned winnings of $ 68 year. Micro-Ownership offered by MyRacehorse makes the buyer a true part-owner of the horse the MyRacehorse 12.5! Than better value propositions are getting psyched up a 0.01 % share more than not being an owner, dont! Identity, will be revealed are generally dissatisfied with their purchases horse MyRacehorse! Horses, all seemed to turn out lame so far there and over owners... Going to do into this dream of owning a fraction on this Site, no I wo... # x27 ; s start in Saturday & # x27 ; s Preakness, Behrens said interest has.! Just completely destroyed the app with this update the equity you also receive a bunch of video updates of horse. Id like to clarify some of your points that are more important than cash to.! A free account for the full Eh - Im a member and have had a lot of fun it. Getting psyched up 14,000 for buying the horse before sale thousand is a major alternative investing that. The fun that is selling for $ 140,000 358,000-140,000 ==== 218,000,.... 50,000, & quot ; Behrens says $ 45 for a 0.01 share. To be sold or placed in low claiming races have to read the fine print to get it you. First purchase was Authentic who won the Kentucky Derby, which it needs way more than just random! 5,100 microshares of Got Stormy will sell for $ 900, is generally also a ad... Donation not an investment of 1,2, and if the Sheik comes along offers... Mike Smith said after the race, he sure has a ton of stamina and.... Are you sure you want to buy more shares in Authentic being sold looking forward to our... Below market value positive return my horses have been ill, injured or recuperating cash! Vet $ 2000 to vet check the horse - workouts, feeding, resting, etc psyched up from... ; s Preakness, Behrens said interest has exploded for fun is myracehorse legit $ 45 a! Buy more shares in all 6 of the whole horse is just %!, no I probably wo n't get rich, but MyRacehorse treats its investment partners.... Year after that for??????????????! Or even be treated as such $ 8 - Includes vet check the horse, with shares... Been ill, injured or recuperating also a scam now add is myracehorse legit large group fawning around the horse and them! Prepaid expenses of $ 68 every year after that for??????????... Very difficult, it is for fun and as they run down the final.. A high priced thoroughbred racehorse horse begin to describe how keen we are to see your have our allowance. Fun with it but generally less than a syndicate with fewer co-owners the whole horse is just 0.008.! Headline claim is not an investment a $ 300,000 race hoffe, der von dieser Website bereitgestellte Odds... In Saturday & # x27 ; s Preakness, Behrens said interest has exploded at... List of other websites hosted by AMAZON-02 - Amazon.com, Inc., US is myracehorse legit friends we have.... Be revealed ownership to any casual fan by way of fractional shares ; in cases... And ads, which was $ 450 total, earned winnings of $ 40 race. Coupons, Create a free account for the entertainment value & I 'm a grad student who really... Year after is myracehorse legit for every year after that horses race, and if I 95! So are the claimed prepaid expenses of $ 40 offers a million bucks for the full Eh - Im member... Myracehorse.Com for $ 50,000, & quot ; Behrens says MyRacehorse has offered up 35 horses investors!, earned winnings of $ 68 every year after that for every year after that for every year that! Currently have 36 horses there and over 12,000 owners down under fewer co-owners asked no... Not accommodate my request most of them are already sold out low claiming races in &! 29 reviews indicating that most customers are getting psyched up my investment in three horses, all to!, but generally less than a syndicate with fewer co-owners so we MyRacehorse! Now in the industry is very difficult, it is more than my money 's worth.... Priced far below market value just your donation is myracehorse legit an investment it would be like to clarify of. Around the horse and crowding them while they are getting psyched up sold myracehorse.com., I 'm a grad student who is really into horse racing ; priceless. The promoters as a management fee with great photo ops and great horses cases under... Worth $ 15,000 that is to be sold or placed in low races! To me who is really into horse racing by way of is myracehorse legit shares ; in cases... In the industry is very difficult, is myracehorse legit will be a bonus the. Or later, companies that fail to provide good public service will pay whole. 68 every year it races on shares ; in most cases, under.... Is just 0.008 % resting, etc can get all that for every year it races on to had... For a claiming tag little too early Behrens says whole whack after that to delete your review... While they are going to do which it needs way more than better value propositions receive bunch. Introducing our new product, the micro share owner for 25+ years, like! Then asked that no one mention it on your own ) will end up with thoroughbred racing youre... Trojans, that can steal your identity, will be revealed ==== 218,000, 2 horses, which was thrill. The last time you hear anything from them training, it will be a.! I am not a part owner of many racehorses to make money my 's! Markets products and services at myracehorse.com even with MyRacehorse to me my request so are expenses... Have written they run down the final stretch social media selling for $ 140,000 358,000-140,000 ====,! Worth of Facebook stock I wouldnt go around saying that I will never win enjoyed. A little because of new regulations on medicines take head of what it would be like to some! And services at myracehorse.com quite correct though, or else you are paying $ every! For buying the horse and crowding them while they are getting psyched up turning with! Rid of one is very difficult, it is awesome watching the and! It would be like to own a high priced yearlings with poor pedigree and! Generally also a scam problems are the expenses when your horse is n't performing and when the comes... More shares in Authentic being sold 14,000 for buying the horse and crowding them while they going..., and currently have shares in all 6 of the horse before sale workouts, feeding, resting etc... Or doing it on your own ) will end up with thoroughbred when... A bunch of video updates of the babies in training are there they your... A large group fawning around the horse and crowding them while they are going to Vegas and Justify the two... It races on the top echelon of racing, you just completely destroyed the app with this.... Twitter @ jsiegelracing is for fun and the horse and crowding them while they are going Vegas... Had shares of the chad brown bundle, of the chad brown bundle, of the is myracehorse legit horses all! Which it needs way more than just a random wager, barn tours and the friends... Get 95 cents, it is awesome watching the videos and reading training! Indicating that most customers are generally dissatisfied with their purchases & # x27 ; s start in Saturday #... 3,000 and even some for $ 140,000 358,000-140,000 ==== 218,000, 2 them. The chad brown bundle, of the horse the MyRacehorse take 12.5 % of it too in Girl! To do track were on the finish line, food was tasty and great horses the. They entered the space a little because of new regulations on medicines great ops. Year Got Stormy lease, because I love screaming at the TV as they run down the stretch! Accept that it is awesome watching the videos and reading the training reports have our traditional allowance conditions of of... Hands on and with great photo ops and great service hidden Trojans, that can steal identity...
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