is myracehorse legit

(#4, R4) has a legitimate . Not one person I know of has made a profit. 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. When my dad died a racehorse from myeacehorse popped up as an advertisement of a horse named Lane Way (winner circle pictured) I loved him. But they decided to take him to a race 1 month later but apparently they injured his leg putting him in the trailer. 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. The first thing any proceeds do is top off the reserve account for expensive. 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. Press question mark to learn the rest of the keyboard shortcuts. Admittedly its two years old, but costs havent gone up that much. Their big banner headline claim is not quite correct though, or anywhere near it. Investor beware. 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. Hi Ronald, So great to hear you're enjoying your experience. I bought a few shares of a horse (Collusion Illusion) last year. For a stay at home senior citizen who has been a lifelong racing fan, it is the answer to my dreams. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Eh - Im a member and have had a lot of fun with it. Possibly you may break even. Bought into a horse for $301, horse won 4 out of 11 races. The MRH marketplace connects buyers and 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. (Unless you are running a microshare syndicate and marking up $1M horses to $10M, which is of course a great idea). Anyway they took him to the vet and put him down. So bottom line, no I probably won't get rich, but MyRaceHorse treats its investment partners superbly. I'm not happy. DO NOT USE THIS PLATFORM AS AN INVESTMENT. You are paying $68 every year after that for every year it races on. 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. Its a scam to give people the illusion they own a horse while getting rid of the risk the real owner takes on buying a horse at auction. Seat at the track were on the finish line, food was tasty and great service. Claiming Price $15,000, For Each $2,500 To $10,000 1 lb. MyRacehorse grabbed the spotlight on the biggest racing stage in America Sept. 5 when . Some people come in from $95, some for $3,000 and even some for $50,000," Behrens says. That amount is actually correct for a 1/2000th share of 40%. It is a complete scam! share in a top racehorse for as little as $100. It's a GREAT concept. . Let's just take the first offering on the front page. 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. While we try to do that when offering bundles, three horses isn't a sufficient size for diversification in this case. MyRacehorse has over 100 horses in training in America and over 50,000 registered users. Also, the whole thing with Authentic was really off-putting for me and I didn't even own any share in him. 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 Fail. If they don't respond we plan to file a complaint with the SEC. Ron Quinton a Group 1 trainer who is not associated with MyRacehorse advises clients to allow $45 000 a year for costs. 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. 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). 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. You need to get it if you want a share in a horse. 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. 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. 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 . And get similar app recommendations worth your time. IS Going to Vegas And Justify the only two that have returned a positive return? For those that are able to get to the tracks, wonderful live events. At the top end the overall annual cost to train a horse, with all things included, is $50 000 $60 000 maximum. 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. Those are only the costs up to 30 June 2014, when the filly will be just four years of age. Bills can be upwards of a $1000 a month and can be higher. For additional commentary, follow us on twitter @jsiegelracing. 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. Ich hoffe, der von dieser Website bereitgestellte Big Odds Safe APK-Downloaddienst kann Ihnen helfen! 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? This is not legitimate and you will not actually own anything. I own mini shares in six at a total cash outlay of less than $1,000. Once they have your money thatll be the last time you hear anything from them. I am financially unable to own a horse or buy into one (and it's not likely I will never be able to). 996 talking about this. myracehorse.com is safe. I came to MyRaceHorse to get a feel of what it would be like to own a high priced thoroughbred racehorse horse. MyRacehorse is an ownership platform that makes it possible for anyone to own a Further, I would never be able to touch the quality of the MyRaceHorse offerings through a traditional partnership. 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. It was sold, too. Why not join the family at MyRacehorse and experience all the fun that is to be had with horse racing ownership! I'm an owner who loves watching my thoroughbreds racing at the top of their game. We hope you continue to enjoy the ride! Do not waste your money. 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. Which means that if like Winx it races until its 7-year-old season you have to pay another $204. "It was unbelievable," Behrens said. Just imagine what their payout would be for a horse that's NOT this great! Checking with the professional handicappers gives you an idea too. Appreciate this for what it is. 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. 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. Ahead of Authentic's start in Saturday's Preakness, Behrens said interest has exploded . About. 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. 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. Hi Marvin, We've had a number of horses be profitable ventures for their partners including Going to Vegas, Street Band, and Vertical Threat. 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. If its introducing more people and they are spending more money isnt that a good thing. Talk about a huge loss. So where does your other $103 go? You also receive a bunch of video updates of the horse - workouts, feeding, resting, etc. I completely understood what it was going in. While making a profit in the industry is very difficult, it is possible. 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. Omg thank you! lol there is no financially smart way to get into racehorse ownership. I just think its terrible value for money for newcomers to be starting out. We make ownership of elite horses more accessible at a one-off affordable price," MyRacehorse CEO Michael Behrens said. It's become day trading more than an 'investment'. That's just the start of the shake, the intro to the grift. 95 CENTS! While most issues have legitimate . In a way my dad lives on through my horses everyday. I don't believe these guys invest in it for profit at all but more for the fun of watching a horse you're part of potentially win the KY Derby. That makes it a bit different. Eventually, I will have a positive ROI with him. 20 percent of your money is being paid to the promoters as a management fee. And I've bought tons since. There arent many ways to get involved, not many want to risk $20,000 to test the waters. It was no hidden secret. Some rainers will add Race Day fees. IF it earns the $20 million before it turns 4 and 3/4. All at a fraction of the price mind you. MRH has improved in all areas. Management Fee: $32 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. 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. Zero stress. I knew the purchases would not yield any sort of ROI, but purchased for the love of the sport and personal interest in racing. The competition and the ride by the jockey determines if the horse can win or not. 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. One of the three horses never even made it to a race because the horse had absolutely no interest in racing. Bottom line save your money and if you do buy into don't expect to ever be in the black. Hi Cathy, So glad to hear you enjoyed your experience last fall. Gain trust and grow your business with customer reviews. Here's to keeping the momentum going! PER SHARE PRICE BREAKDOWN I was totally embarrassed! All Reviews How do I part my own racehorse? Ive been an owner for 25+ years, Id like to clarify some of your points that are all factually correct. They are quickly turning horses with promise to the sales ring to be sold or placed in low claiming races. She was second in her debut beaten by lady scarlet who lost to echo zulu earlier this year of all horses..to me that's a win. Using your Justuseapp card, signup for unlimited subscriptions and free trials without worry. Now in the OBS April 2021 Sale she was sold to myracehorse.com for $140,000 358,000-140,000 ==== 218,000, 2. 20 percent of your money is being paid to the promoters as a management fee. Seeing Authentic win the Derby and the Classic was so ecxiting. ownership groups and top trainers. They were educated and informative but engaging and personable. I always loved the sport and this brings a whole new level of being apart of it! is myracehorse legit. As to your point about pricing, 100% accurate but consider this (BTW I called out Red Feather 20 years ago about their markup, it was egregious) but their goal was to make $$ without any risk. 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. Look, I'm a grad student who is really into horse racing. 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. There is a lengthy description of the horse, which was purchased for $200,000 at 2019 Ocala, Fla., spring sale. 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. myracehorse.com Review - Scam Detector. Enjoy the full #MyRacehorse weekend recap: bit.ly/3FF78M3 Stonestreet and 2 others 2 15 MyRacehorse I made back about a third of what I paid for her share. My horses have been ill, injured or recuperating. So we launched MyRacehorse by introducing our new product, the micro share. "Surreal doesn't begin to describe it.". Enter the email address associated with your account, and we will email you a link to reset your password, Sign up for a free account to get She goes to the tracks with me and its a memory I will treasure. MyRacehorse works most of the time. Tara U THEY SCAM THOUSANDS OF PEOPLE WITH THEIR FLOWER ORDERS. Get started today. A veterinarian will stop in thr barn everyday. The yearling in question was sold just three months ago through the Magic Millions sale ring. 01% of a share is exactly that. 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. Grade B=Solid Play. before paying out cash. Thats just the start of the shake, the intro to the grift. They dont get to do anything as an owner besides tell people theyre an owner. 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! Shares start at $95 and go for as little as 0.01 percent of the price of actually buying the horse, minus training and maintenance costs. "It's equity-based.May 2, 2019 Can you make money with MyRacehorse? I really don't think most people do. Helpful Share Aug 7, 2018 MyRacehorse competes with other top alternative investing stores such as Vinovest, Masterworks and AltoIRA. 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. Be happy the sport is getting attention from elsewhere. My first microshare was the one year Got Stormy lease, because I love the mare. Unbelievable RIP Show Your Cards! If you true goal is to make a ton of money, this is probably too risky of a bet to make it worthwhile. 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 . The Keeneland and Farm Tours are owner favorites! Number 2 meant they paid a vet $2000 to vet check the horse before sale. Thus if the horse is injured prior to selling off they lose $85,000 ($75k + xrays, tax on $75k, vanning vets). I am in it for the excitement and fun. Be safe from hackers and unwanted bills. 2. Three quality prospects tailor made for one of the industry's best trainers, Chad Brown. I really just wanted a cheap way to have a rooting interest a bit more than just a random wager. Everything is spelled out prior and after your investment. It will be very difficult to make a profitable return with an investment in a horse with the specific terms and conditions. Best of racing luck in 2023! Yes. I have owned them 100% and owned them in Partnerships. . I own large percentages with other syndicates and breeder/trainers but mixing in several micro shares gives any race fan the ultimate experience. Tip for consumers:Buy with myracehorse. Your horse will earn a purse percentage. . Kept from racing for "mental issues," and when he went back managed 8th place out of 8. 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. 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. You can always find ownership information disclosed on the horse's offering page. Here. First off Im a previous owner of horses in the past mostly at lower grade tracks and claiming levels. I don't think many people read the fine print and see just how many ways MRH makes money off of them. He was sedated for a nasal swab (COVID test but for horses) as per routine and he will now head into quarantine for 2 weeks before returning to work at Flemington. Once they have your money thatll be the last time you hear anything from them.