It doesnt bring money into the industry. MyRacehorse are skimming an additional 30-40% off the top. World's #1 Fraud. That's crazy. 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. 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. Privacy Policy. View filinghere. I bought into vow. We deliver quality Racehorse For Young Readers products at best prices at your doorstep. It is a complete scam! My horses have been ill or injured or recuperating. 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. For the money you pay I dont really understand what you get in return. Ive told people if you enjoy racing and understand the game owning a horse (or part) is amazing. That's value for money isn't it? Those seeking another level of ownership experience can purchase a race day ownership badge. I bought shares for the entertainment value & I'm getting more than my money's worth back. So where does your other $103 go? Based on this, Justuseapp Legitimacy Score for MyRacehorse Is 52.2/100.. Is MyRacehorse not working? Omg thank you! 20 percent of your money is being paid to the promoters as a management fee. 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 Watching them win is pure joy. It brings money into Spendthrift Farm, one of the biggest commercial breeders in the game. Seeing Authentic win the Derby and the Classic was so ecxiting. I was totally embarrassed! We can promise to continue assessing, listening, and optimizing to maximize the ownership experience. The Ocala Breeders' Sales grounds (OBS) is . MyRacehorse has a consumer rating of 3.18 stars from 22 reviews indicating that most customers are generally satisfied with their purchases. I made back about a third of what I paid for her share. So I cant wait to see where Hero Status goes next, Im glad he finally got the extra distance, he really seemed to appreciate it. It's an app. You need to get it if you want a share in a horse. Great job to all the connections as well. In addition to the app updates, the MyRacehorse ownership team will provide a suite of experiential services for owners. I'm not happy. The approximated value of myracehorse.com is 14,400 USD. These prospects have ties to some of racing's biggest. Terrible value, I agree. It gets better, or worse as the case may be. Thank you to My Racehorse. After such an electrifying race, we're really looking forward to this colt's 4-year-old campaign. 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. My horses have been ill, injured or recuperating. 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. I own one micro-share in 8 different horses. That amount is actually correct for a 1/2000th share of 40%. Arlington Park (until CDI ruined Illinois racing ). While making a profit in the industry is very difficult, it is possible. Cancel a subscription / trial at anytime by blocking the site or app on your Justuseapp Card. It was sold, too. A class act and a lot of fun. Gain trust and grow your business with customer reviews. 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." Admittedly its two years old, but costs havent gone up that much. At the top end the overall annual cost to train a horse, with all things included, is $50 000 $60 000 maximum. Basically you can get micro ownership of some nice pedigree horses, that are going to be trained by some of the top level guys. At best I made money 10% of the time. Yes. Ron Quinton a Group 1 trainer who is not associated with MyRacehorse advises clients to allow $45 000 a year for costs. We hope you continue to enjoy the ride! IF it earns the $20 million before it turns 4 and 3/4. I paid $180 for a 4 horse package of 2 year olds. Well, for some people, it is indeed the closest they are ever going to get. 4. Here. I mean I know no one is going to get rich with 0.01% ownership. And so much fun! For Maidens, Four Years Old And Upward. MyRacehorse is an ownership platform that makes it possible for anyone to own a For additional commentary, follow us on twitter @jsiegelracing. Seeing them lifts my days. We can tell you, as a manager of a global stable, we far prefer the handicap approach, allowing horses to be competitive and the owners to keep their horses longer, but unfortunately, that is just not the landscape here in the US. I cant even see the 20+ horses I own. 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). 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. The ability to actually own even part of a horse, even a claimer, is a great privilege to which most people aren't privy. Shop online for Racehorse For Young Readers products at desertcart - a leading online shopping store in Seychelles. 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. Wow, you just completely destroyed MyRacehorse with this update. Agree with everything you say. MyRacehorse ranks 3rd among Horseback Riding sites. They dont get to do anything as an owner besides tell people theyre an owner. Press question mark to learn the rest of the keyboard shortcuts. All Reviews 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. Kept from racing for "mental issues," and when he went back managed 8th place out of 8. 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. Very professional outfit. Like Mike Smith said after the race, he sure has a ton of stamina and heart. Your cash outlay is finished the day you buy into a MyRacehorse horse. "It's equity-based. We have developed a system that will try to get in touch with a company once an issue is reported and with lots of issues reported, companies will definitely listen. My racehorse isnt in it to make vast amounts of money. 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. 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. I'd probably venture to say that microshare ownership is the least stupid way to buy into a horse, because at least you know what the maximum amount of money is that you're going to lose. MyRacehorse is a marketplace designed to allow every fan an opportunity to buy into a racehorse. Take 25% off for all the deductions, commissions and fees (its actually 25.5%, but lets keep it simple. Fail. 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. 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. Authentic will likely bring me about $600 to $1,000 annually in future income through stud fees. MyRacehorse is a totally legit app. Hey Mimi, You're a terrific racing ambassador. 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 . Allows you to own a horse and pass this family event throughout generations. The only reason I'm not giving MyRacehorse a single star is because I went to one of their events and we had a very nice time. 20 percent of your money is being paid to the promoters as a management fee. Congrats on your experience with GTV and best of racing luck in 2023! I've purchased shares in a bunch of horses via MyRaceHorse.com. You are paying $68 every year after that for every year it races on. "It's equity-based.May 2, 2019 Can you make money with MyRacehorse? Race day. Fail. Do I get a refund get the same % ownership in new horse. That's part of the risk/reward. 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. Hi Cathy, So glad to hear you enjoyed your experience last fall. They are quickly turning horses with promise to the sales ring to be sold or placed in low claiming races. Someone on here said it's like buying into an illusion and some people like that. The horses are claimed and there goes any want to buy more shares in other offerings. That's outrageous What they are really offering the come in spinners is 0.02% of a 40% share in the horse. I think it's fine if you understand the negative aspects of the program: The horse is marked up at an incredibly high rate to guarantee large profits to those running the syndicate. Here's to keeping the momentum going! 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. Eh - Im a member and have had a lot of fun with it. For the money paid, the bad news just seems to layer every week. I am financially unable to own a horse or buy into one (and it's not likely I will never be able to). Horse Racing Betting. MyRacehorse grabbed the spotlight on the biggest racing stage in America Sept. 5 when . 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. Thanks again!! 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 have shares in Kanthari and Hero Status---could not be happier---Had shares in Collusion Illusion and he decided after a while that he didn't want to race anymore---Never thought that it was My Racehorse fault--I know the enjoyment of owning a horse can't be beat--Some of the negative reviews are from people that will never be happy--don't let it bother you-. Unfortunately, horses get injured, don't make the races, and underperform. Which will forever be written in the books. The negative reviews are just plain wrong. 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