So, the horse was sold to a petting zoo or hobby farm. That's outrageous For Maidens, Four Years Old And Upward. In addition to the app updates, the MyRacehorse ownership team will provide a suite of experiential services for owners. Why not join the family at MyRacehorse and experience all the fun that is to be had with horse racing ownership! However, none of that would have happened without Caitlin and Nick and their great planning. It is probably a fun and exciting way for those that have always dreamed of being involved in horse racing, but from the perspective of having owned, trained being involved with these Magnificent Equine Athletes, this is lack luster and almost impossible to get a ROI. Well, for some people, it is indeed the closest they are ever going to get. So far their customers are getting sucked into high priced yearlings with poor pedigree ratings and race records. Unfortunately, horses get injured, don't make the races, and underperform. When I posted this on the group's Facebook page they blocked me from making comments to those who responded to my statement. Acquisition Costs:$8 - Includes Vet Check and Bloodstock Fee, 3. Have no idea what the heck is going on. I am thrilled with this organization. Browse available horses from top ownership groups and top trainers. Horses are entered into a suitable race when they are fit and healthy. A total of 5,100 microshares of Got Stormy will sell for $45 for a 0.01% share. Be happy the sport is getting attention from elsewhere. It's a GREAT concept. Are you sure you want to delete your app review? Yes. It gets better, or worse as the case may be. For the money paid, the bad news just seems to layer every week. Terrible value, I agree. Investor beware. There is this ongoing balance between the economics of managing your thoroughbred and ensuring he or she can remain in the stable. MyRacehorse leased 51% of her racing rights for $125,000. Great tours of Spendthrift , Look, I'm a grad student who is really into horse racing. You are here: did robert kardashian write a book tidio chat documentation is myracehorse legit. I have owned racehorses for over 50 years. You as the unit holder pay the whole whack after that. They say that they are only charging you $62 for the value of the horse. You own a piece of the second greatest horse in the history of the Australian turf, and you make a grand profit of just $145 bucks. That amount is actually correct for a 1/2000th share of 40%. With this, my only complaint is the lack of races for the horses purchased. Privacy Policy. Hi Martin, we're super pleased to know you're enjoying the MRH experience. Not just looking at a horse. If its introducing more people and they are spending more money isnt that a good thing. Thus if the horse is injured prior to selling off they lose $85,000 ($75k + xrays, tax on $75k, vanning vets). 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. Good luck with your horses. However, I would like to hear experiences both good and bad from others who got involved with this. The MRH marketplace connects buyers and Shop online for Racehorse For Young Readers products at desertcart - a leading online shopping store in Seychelles. To claim your App. I have a micro share in 5 horses and understand that it is a "micro" share. Tip for consumers:Buy with myracehorse. Cancel a subscription / trial at anytime by blocking the site or app on your Justuseapp Card. You get a "microshare" level of the horse owner's experience. Best money I ever spent. Invest a modest amount (or more) in the race horse prospects offered. Put in a request for a paltry $155.44 withdrawal on 3/9/2022. Their aim is to make racehorse ownership available to any casual fan by way of fractional shares. These badges provide access to special race day privileges, including the backside, paddock, special seating and if lucky enough, the winners circle. Once you buy in there are no added expenses. If you want to be competitive and are not in the top echelon of racing, you will run for a claiming tag. Purse $25,000. You as the unit holder pay the whole whack after that. The most common mark of a scam ad is a trailer or horse priced far below market value. 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. Sooner or later, companies that fail to provide good public service will pay the price in the marketplace. Very professional outfit. Allow me to illustrate this with a simple example. I own one micro-share in 8 different horses. IF it earns the $20 million before it turns 4 and 3/4. 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. MyRacehorse is a marketplace designed to allow every fan an opportunity to buy into a racehorse. By using Sitejabber, you agree to our Terms of Service and Privacy Policy. 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 bought shares in lane way. The Keeneland and Farm Tours are owner favorites! Ponce motors Deceptive car sales Austin Texas . Ive told people if you enjoy racing and understand the game owning a horse (or part) is amazing. Your chances of winning a 10-to-1 bet are better than breaking even with MyRacehorse. 20 percent of your money is being paid to the promoters as a management fee. 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. See the list of other websites hosted by AMAZON-02 - Amazon.com, Inc., US. 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. 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. Thanks again!! 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. Not profitable. MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. In the United States, however, almost 70% of our races are claiming races, and we are basically void of handicapped races. No trainer charges $80 000 a year. My racehorse.com offers micro shares in their excellent quality, very expensive race horses. That's value for money isn't it? It is part of the territory and is made up in actual work they do. This is completely ludicrous and a scam after sitting on our monies for two years and not paying a single penny to shareholders. 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. MyRacehorse are trying to sell a 40% share in it for $330 000. Another horse ran one race and didn't even finish. To make a long story short, I was told that they could not accommodate my request. Hi Dan, thank you! Is MyRacehorse Legit? 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 buy a Lotto ticket each week and believe that I will never win. Horse Racing Betting. The negative reviews are just plain wrong. At the top end the overall annual cost to train a horse, with all things included, is $50 000 $60 000 maximum. Admittedly its two years old, but costs havent gone up that much. Acquisition Costs: $3 MyRacehorse is a brilliant concept which is executed flawlessly. Those are only the costs up to 30 June 2014, when the filly will be just four years of age. That's just the start of the shake, the intro to the grift. That's part of the risk/reward. Loans from management is within th e contract. Currently in Florida, You gotta have goals and owning a racehorse has always been one of them. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. That's one of the reasons why we've consistently expressed to partners the importance of diversifying their stables. We can promise to continue assessing, listening, and optimizing to maximize the ownership experience. 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. Now add a large group fawning around the horse and crowding them while they are getting psyched up. 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. Bought into a horse for $301, horse won 4 out of 11 races. Here's some photos of some of my favorite horses I have and winners. Of course it will be years before I know the exact financial outcome. Love it MyRacehorse should be viewed like losing money at the casino. Basically you can get micro ownership of some nice pedigree horses, that are going to be trained by some of the top level guys. Bottom line save your money and if you do buy into don't expect to ever be in the black. 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. Start Saving with Free Coupons Delivered Daily. My racehorse isnt in it to make vast amounts of money. Claim your listing for free to respond to reviews, update your profile and manage your listing. 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. coupons for your favorites apps every week. . Prepaid Expenses: $68 You will not own a horse or even be treated as such. Please fix this. We have our traditional allowance conditions of Non-winners of 1,2, and 3 races and then its stakes or claiming. Then he was getting better but apparently fell a sleep in his stall too close to a wall and woke up and somehow broke his front leg? 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. 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. Service 13 Value 13 Shipping 4 Returns 3 Quality 9 Positive reviews (last 12 months): 40% View ratings trends 19 See all photos What they are really offering the come in spinners is 0.02% of a 40% share in the horse. (no matter how small of the role you play really is) I'm totally fine with that and it brings money into the industry. It's also a lot of fun to own a horse and see it race (online the last 18 months - maybe in-person soon!) Those seeking another level of ownership experience can purchase a race day ownership badge. I am looking forward to watching my horses race, and if I get 95 cents, it will be a bonus. Their big banner headline claim is not quite correct though, or anywhere near it. Helpful Share Aug 7, 2018 MyRacehorse competes with other top alternative investing stores such as Vinovest, Masterworks and AltoIRA. The company is sold out of shares in any horse, according to its website, but it plans to offer more in the future. We saw and got pictures with 2 triple crown winners. 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 ranks 3rd among Horseback Riding sites. I love all my horses. (Unless you are running a microshare syndicate and marking up $1M horses to $10M, which is of course a great idea). 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. Number 2 meant they paid a vet $2000 to vet check the horse before sale. "It's price point accessible, so come in for whatever you want. Here's to keeping the momentum going! Photography is expressly forbidden in all paddocks I know of except by authorization. Had shares of the chad brown bundle, of the three horses, all seemed to turn out lame so far. Believe that I will never win races for the horses purchased partners the of. And Shop online for racehorse for Young Readers products at desertcart - a leading online shopping store in Seychelles win! A large group fawning around the horse was sold to a petting zoo or hobby farm would have without... The sport is getting attention from elsewhere join the family at MyRacehorse and experience all the fun that is be. People if you enjoy racing and understand the game owning a racehorse and is made up actual... 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