Every unique visitor makes about 3 pageviews on average. are taken into account coming out ahead a couple thousand is a win. Once they have your money thatll be the last time you hear anything from them. MyRacehorse is a totally legit app. Horses are well taken care of and the Jockeys and Trainers are vetted to ensure the horses are cared for 24/7. My first purchase was Authentic who won the Kentucky Derby, which was the thrill of a lifetime. (All Weather Track) At this rate it will take YEARS to show a profit. Their aim is to make racehorse ownership available to any casual fan by way of fractional shares. Cheers. MyRacehorse ranks 3rd among Horseback Riding sites. Not one person I know of has made a profit. Zero stress. Fast Deposits and Cashouts! When you add MyRunners 7.5% to the trainers 10%, the jockeys 5%, the 2% animal welfare levy, and the 1% that goes to the jockeys insurance scheme, it means that more than a quarter of any money that the horse picks up on the track disappears before the owners ever see it, almost a third going straight into the promoters pockets. That's crazy. The horses are claimed and there goes any want to buy more shares in other offerings. I completely understood what it was going in. All Reviews Markup varies but thats just a thumbnail idea. She has since had 15 starts after leaving MRH ownership. Cookie Notice 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. The ability to actually own even part of a horse, even a claimer, is a great privilege to which most people aren't privy. 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. Talk about a huge loss. One of the three horses never even made it to a race because the horse had absolutely no interest in racing. 996 talking about this. Race 5 - POST Time - 7:55 PM ET Turfway Park MAIDEN CLAIMING $15,000 - $10,000 . While technically correct, it's pretty misleading and if they think they have any decision making in it they are pretty delusional. 20 percent of your money is being paid to the promoters as a management fee. 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. Most positive reviews for this company have to be fake. Ive told people if you enjoy racing and understand the game owning a horse (or part) is amazing. Best of racing luck in 2023! 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. In other words, you are overpaying. 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. I cant wait to see him run. I realize the the Pandemic may have impacted the sport and the progression of horses but this is ridiculous since most of the horses are turning four (4) years old. Acquisition Costs: $3 Kept from racing for "mental issues," and when he went back managed 8th place out of 8. Is MyRacehorse Legit? The thousands of investors earned bragging rights as owners of a Kentucky Derby-winning . Also if your horse does not have the caliber of being a stakes winner they will drop them in a claiming race or end there career before even giving them a fair chance. Tip for consumers:Think twice ! I have been involved with other horse racing partnerships and this one is the best, by far. The best way to buy a racehorse is to join a syndicate or racing club and buy a stake in your own racehorse, says Emma Lunn. Bet Horse Races Legal & Safe. 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. Arlington Park (until CDI ruined Illinois racing ). MRH has improved in all areas. 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. So are the claimed prepaid expenses of $68 out of each $165 unit share. 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. The app divvied the stake into . For the adrenalin junkies! Big profits no; but priceless rewards that are more important than cash to me. Opportunity to own part of a Racehorse that has Tremendous Potential to be Great. Hi Derek, we loved reading your comments and thank you for being a continued supporter of MRH. 4. Reddit and its partners use cookies and similar technologies to provide you with a better experience. That's one of the reasons why we've consistently expressed to partners the importance of diversifying their stables. . 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. MyRacehorse are skimming an additional 30-40% off the top. You won't make money here. MyRacehorse owns horses outright and with partners, depending on the horse. You have to read the fine print to get the real picture. Hi Cathy, So glad to hear you enjoyed your experience last fall. 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. From the moment I got my first share it has been an E Ticket Ride. Create an account to follow your favorite communities and start taking part in conversations. 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. Browse available horses from top 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. I feel like they entered the space a little too early. Loans from management is within th e contract. Mrh is who profits but if you like this experience it's up to you. Same thing for fillies, we'll sell them at public auction where MRH owners receive their share of the final sales price. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. I do own a share in Tizamagician which just happens to be 1 of 5 horses that myracehorse has turned a profit on, but their product should be viewed strictly for entertainment purposes. 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. Welcome to the MyRacehorse Australia Owners Group. Neither is a problem with MyRacehorse. Ich hoffe, der von dieser Website bereitgestellte Big Odds Safe APK-Downloaddienst kann Ihnen helfen! Not legitimate and you will not actually own anything. And the payouts are immediate. I want to sell my shares but there doesn't seem to be a provision for it! Of course they have to cover the reserves (food, entry fees, etc.) You also receive a bunch of video updates of the horse - workouts, feeding, resting, etc. 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 own mini shares in six at a total cash outlay of less than $1,000. After such an electrifying race, we're really looking forward to this colt's 4-year-old campaign. 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. I cant even see the 20+ horses I own. App not working? 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. In a way my dad lives on through my horses everyday. You'll fell more apart of the sport by just placing a few bets. At best I made money 10% of the time. I made back about a third of what I paid for her share. is myracehorse legit. Justuseapp Safety Score for MyRacehorse Is 40.5/100. I'd say tizamagician,going to Vegas and authentic have done really well. 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. MyRacehorse is an ownership platform that makes it possible for anyone to own a It doesnt bring money into the industry. 3. Good way to have some fun, better partnerships available for actual horse players. We make ownership of elite horses more accessible at a one-off affordable price," MyRacehorse CEO Michael Behrens said. Who collects that? I think that people buying it get to experience something that typically costs hundreds of thousands or millions of dollars. 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. Weight, 122 Lbs. You are paying $68 every year after that for every year it races on. 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. No horse in Australian history has won more than $20 million on the track. But now after watching how fast the teams are unloading horses they deem unflattering to MFR, is making me reconsider my future participation. Appreciate this for what it is. A total of 5,100 microshares of Got Stormy will sell for $45 for a 0.01% share. Yes. Dont shit on peoples parades because they are small share owners who arent millionaires. I have a micro share in 5 horses and understand that it is a "micro" share. The third horse actually won one race, placed and showed in a couple others, but was ultimately sold because the horse could not even complete at the Grade 2 level. First, we want to thank-you for being a supporter of MyRacehorse and at the same time express our understanding around the frustration of losing horses in your stable. It gets better, or worse as the case may be. AppGrooves experience. Like Mike Smith said after the race, he sure has a ton of stamina and heart. So he couldn't run. Have no idea what the heck is going on. Ahead of Authentic's start in Saturday's Preakness, Behrens said interest has exploded . In Australia and the UK, claiming races are not particularly prevalent; instead, they lean on handicapped races, allowing owners to place their horses in competitive spots, regardless of their class, with a chance to win and earn purse money. coupons for your favorites apps every week. With no ongoing fees, it's all fun when. If you want to throw away your money then this is the place for you! Agree with everything you say. With MRH I can get all that for ??? Early morning the last day I was going to be at the track I called MYRACEHORSE and requested that a representative make arrangements for me to visit one of the horses I own with MYRACEHORSE in her barn. Anyway they took him to the vet and put him down. This is the only micro share partnership for me in the future. Put in a request for a paltry $155.44 withdrawal on 3/9/2022. MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. I have a lot of shares and I have a share in Monomoy Girl! And I've bought tons since. 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. Potential shareholders have been able to express interest . Its given me exactly that. She goes to the tracks with me and its a memory I will treasure. Best of racing luck in 2023! Let's just take the first offering on the front page. Horses are entered into a suitable race when they are fit and healthy. 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. We have our traditional allowance conditions of Non-winners of 1,2, and 3 races and then its stakes or claiming. Subscribe to get reviews, recommendations, and more with AppGrooves! When bills pop up, MyRaceHorse pays them out of that. Bills can be upwards of a $1000 a month and can be higher. We're enjoying those training videos and reports as well! 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. How do I part my own racehorse? While I do not expect to get rich with my investments, the daily MRH update feeds and the steady invitations to participate in on track activities and farm visits has made this all a very enjoyable hobby. But I have some reports of high end syndicates having no interaction with horses and/or trainers either, so there are no guarantees. "Surreal doesn't begin to describe it.". I have gotten a little $ back but nowhere near equal to what I paid, and that's ok. You have just owned one of the greatest racehorses weve ever seen. Well, for some people, it is indeed the closest they are ever going to get. Unbelievable me and few friends invested in what they promoted as great blood line 2yr old colt that ran one of the fastest times ever at the auction. I really don't think most people do. Its actually going to do the opposite of what you believe, pushing small mom and pop orgs to the brink while the big farms monopolize the breed. I mean I know no one is going to get rich with 0.01% ownership. Hi Paul, Sorry to hear your disappointment and we understand. 95 CENTS! To buy into her you pay $179 per share which gives you 0.05% of here which means 100% is 2000 of these shares. 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. That amount is actually correct for a 1/2000th share of 40%. 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. They are quickly turning horses with promise to the sales ring to be sold or placed in low claiming races. 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.
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