These badges provide access to special race day privileges, including the backside, paddock, special seating and if lucky enough, the winners circle. 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? You are paying $68 every year after that for every year it races on. Press question mark to learn the rest of the keyboard shortcuts. They wouldve benefitted from either having a prominent horse scout team with prior successes or if they had their own racing analytics team that could identify yearlings. Every owner (whether your with MRH or doing it on your own) will end up with those circumstances. "It was unbelievable," Behrens said. For example, my investment in three horses, which was $450 total, earned winnings of $40. Always back the horse named self-interest, son. Eventually, I will have a positive ROI with him. Take 25% off for all the deductions, commissions and fees (its actually 25.5%, but lets keep it simple. 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. Do I get a refund get the same % ownership in new horse. this app is more than just an app, its a feature that allows you to own a horse and pass this family event throughout generations. Privacy Policy. Agree with everything you say. Cookie Notice 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. Everything is spelled out prior and after your investment. If you want to throw away your money then this is the place for you! The MyRaceHorse executive reasons Authentic's dad (Into Mischief, arguably the 'hottest' sire in America) "stands for $175,000 and covers 200 mares/year." If Authentic were to replicate those figures, shareholders would receive $350/share annuallyand it is realistic for a stallion to breed for 10-15 years. Currently in Florida, You gotta have goals and owning a racehorse has always been one of them. And took 10% of cost $14,000 For buying the horse. It is just a news feed with no menu. Staff; Opening hours; Timetable and routines; Fees I was fully aware I basically "owned" the equivalent to one little shed hair on her body (if that much), but it didn't matter. 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. Ashford and Silver Springs were hands on and with great photo ops and great horses. For the adrenalin junkies! In my opinion, MRH really overvalues some of these horses they buy at auction with the most recent example being a horse who won an 8k maiden claimer at GGF when they purchased that horse for 70k. IN 3 WEEKS THEY SENT 3 OF MY RECIPIENTS DEAD FROZEN TINY BOUQUETS calgary . Have no idea what the heck is going on. But I have some reports of high end syndicates having no interaction with horses and/or trainers either, so there are no guarantees. Select which platform you would like to share on: Subscribe to get reviews, tips, and similar game recommendations! Highly recommended as a fun way to participate in horse racing at modest cost. Are you the owner of this App? myracehorse.com Review - Scam Detector. Excited does not even begin to describe how keen we are to see your . They say that they are only charging you $62 for the value of the horse. With another good year of racing, there should be a few more that add to that bunch. Search. My first filly was claimed after 3 races in which she had wins and placing. Looking forward to the future with MRH. Thank you to My Racehorse. With the traditional racehorse ownership syndicates I have dealt with in the past a request to see one of my horses in the barn would have been accommodated no problem. 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. McAfee does not analyze myracehorse.com for mature or inappropriate content, only security checks are evaluated. 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. They Euthanized my horse before he ever ran a race! Those are only the costs up to 30 June 2014, when the filly will be just four years of age. Best of racing luck in 2023! I am not sure of the extent of the ownership with the shares that I have , If MRH owns these horses throughout their racing careers and into the breeding sheds ,do the shareholders reap any of the benefits from the breeding ? MyRacehorse success stories So I saw a commercial for the the site and it had me curious. Again, not trying to demonize anybody or make them feel bad, I just dont want people who are new to ownership to be taken advantage of.. 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. A Friesian horse normally worth $15,000 that is selling for $900, is generally also a scam. Number 2 meant they paid a vet $2000 to vet check the horse before sale. Six And One Half Furlongs. 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. Unbelievable RIP Show Your Cards! MyRacehorse works most of the time. I have gotten a little $ back but nowhere near equal to what I paid, and that's ok. Not profitable. Horses often placed in spots for advertisement and not winning. Another bonus is to get brief interviews of the jockeys after the race where they explain from the jockey's view how the race went ("she had a lot of stamina left, we just got caught in traffic near the start"). So how on earth should they be entitled to a huge slice of the stakes the horse earns? The yearling in question was sold just three months ago through the Magic Millions sale ring. 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? Tara U THEY SCAM THOUSANDS OF PEOPLE WITH THEIR FLOWER ORDERS. Is it Safe? Great tours of Spendthrift , 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. With regard to communications by MyRacehorse on the Site to gauge interest in a potential Securities offering pursuant to the Regulation A exemption from the registration requirements of the Securities Act, including opportunities to reserve Securities as indications of interest in the potential offering, please note (i) that no money or other consideration is being solicited thereby, and if sent in response, will not be accepted, (ii) no sales will be made or commitments to purchase accepted until the offering statement for the potential offering is qualified by the U.S. Securities and Exchange Commission, (iii) any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date, and (iv) an indication of interest is non-binding and involves no obligation or commitment of any kind. Wow, you just completely destroyed MyRacehorse with this update. Another horse ran one race and didn't even finish. Using your Justuseapp card, signup for unlimited subscriptions and free trials without worry. 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. Just imagine that this filly becomes the 2nd to do it. MRH has improved in all areas. But they decided to take him to a race 1 month later but apparently they injured his leg putting him in the trailer. Hi Derek, we loved reading your comments and thank you for being a continued supporter of MRH. Avoid investing in this myracehorse site. Been a fan my entire life, but dont really see the point or thrill of this. In addition to the app updates, the MyRacehorse ownership team will provide a suite of experiential services for owners. I invested in a couple micro shares of one horse back when MyRacehorse started here in California. We offer the ability to search and compare racehorses,. Your chances of winning a 10-to-1 bet are better than breaking even with MyRacehorse. Costs of ownership are very expensive and most horses won't earn enough to cover their training and care costs, let alone their purchase price. 4. ownership groups and top trainers. Their big banner headline claim is not quite correct though, or anywhere near it. . These are all the main negatives of MyRacehorse! . Have contacted MRH 3 times. Best of racing luck in 2023! MyRacehorse grabbed the spotlight on the biggest racing stage in America Sept. 5 when . Horses are entered into a suitable race when they are fit and healthy. Hey wow what a fun bonus! 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. 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 know quite a few people in this industry and can get a more personal experience elsewhere. 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. 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. <p>Hi Owners,</p><p></p><p>Your colt arrived in Australia safe and sound late on Saturday Night and all is well with your boy, he travelled over perfectly. Hi Paul, Sorry to hear your disappointment and we understand. MyRacehorse ranks 2nd among Horseback Riding sites. Aug 7, 2018 Britt Recommended this product Review of My Race Horse They put on upscale events and you can own a share of a beautiful Racehorse for as little as $100. MyRaceHorse a new app that lets fans purchase minority stakes in horses as easily as they can buy a beer and hot dog at their local track is angling to "democratize" the snooty business of horse ownership, says co-founder Michael Behrens. Maybe start off slow and go from there. Welcome to the MyRacehorse Australia Owners Group. 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. That makes it a bit different. These prospects have ties to some of racing's biggest. 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. These claiming races allow all of this to happen, but the upside comes with the inherent risk of your horse being claimed. The competition and the ride by the jockey determines if the horse can win or not. "It's price point accessible, so come in for whatever you want. Well, for some people, it is indeed the closest they are ever going to get. There is a lengthy description of the horse, which was purchased for $200,000 at 2019 Ocala, Fla., spring sale. So many great groups out there. (All Weather Track) We will certainly keep purchasing shares in future offerings! MyRacehorse is utterly open about what your financial contribution goes to, from acquisition of the horse, to training costs, to overhead and management fees. I can say for myself and all the MyRaceHorse customers that purchased shares in Going to Vegas are some of the happiest fans at the moment. With no ongoing fees, it's all fun when. So you need to be competitive and win races, or else you are burning through cash very quickly. They are quickly turning horses with promise to the sales ring to be sold or placed in low claiming races. The official horse racing community of Reddit. So we launched MyRacehorse by introducing our new product, the micro share. 20 percent of your money is being paid to the promoters as a management fee. The negative reviews are just plain wrong. MyRacehorse offers the excitement of racehorse ownership to any casual fan by way of fractional shares; in most cases, under 200. Last is that the share price includes 2 years of cost but there are provisions for if that dies not happen. Up and coming company that is going Global. You also receive a bunch of video updates of the horse - workouts, feeding, resting, etc. Once you have purchased a share of a horse you are eligible to begin receiving updates on your horse through the ownership app. The ad clearly stated Myracehorse owned 12.5% of the horse. Anyway they took him to the vet and put him down. 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.
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