Not exactly a huge return on investment, ya know? However, upon further investigation and consideration, it quickly became clear that this company has a dark underbelly and is nothing more than a scam. We are committed to doing what is best for the horse and sometimes that involves surface changes, trainer changes, equipment changes, time off, etc. And when I tried to speak my mind about it in one of their groups, they blocked me! It's like they didn't care about the investors at all. Upon initial impression, MyRacehorse appeared to be a promising venture for anyone interested in the thrilling world of horse racing. I highly recommend giving it a try if you've ever been curious about horse ownership or the world of horseracing. And let's be real, who wants to donate money to a company that's just going to take it and run? I gotta say, I was pretty disappointed with MyRacehorse. Within 8 months 8 horses sold to claimers. It could take years and years before anyone sees any profit on these investments. It's more like a donation. 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. Stick to betting on horses or investing your money elsewhere. I already have found myself in the paddock with one of my horses, along with his hall of fame trainer and jockey who were open and friendly. It will be very difficult to make a profitable return with an investment in a horse with the specific terms and conditions. Please DO NOT add attachments that contain your or other peoples personal information, if you dont want it to be visible to the public. Favorite Horse Carpe Vinum(My first MRH 5 years or so ago and now in another barn) 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. MyRacehorse bought into the racing rights of Monomoy Girl after the 2018 champion 3-year-old filly and 2020 champion older dirt female was purchased by Spendthrift Farm for $9.5 million at The. And if your horse wins, you can actually make some money back. Review of MyRacehorse: Is it worth the investment for horse racing enthusiasts? That's crazy. It's an amazing feeling. This company responds to reviews on average within 16 days. MyRacehorse is a platform that allows you to own a share of a racehorse. Submit a complaint and get your issue resolved. Myracehorse.com has a valid SSL certificate, which indicates that the website is secure and trustworthy. 1 ARSN 646 771 262, pr Your chances of winning a 10-to-1 bet are better than breaking even with MyRacehorse. Checking with the professional handicappers gives you an idea too. MyRacehorse has been a reliable partner for this incredible experience and I would recommend them to any horse racing fans looking to invest in the industry. However, MyRacehorse seems to have disappointed a few folks with their large "management" fees and perceived lack of return on investment. I want to sell my shares but there doesn't seem to be a provision for it! Furthermore, the returns on investments in MyRacehorse can be unpredictable and highly dependent on the performance of the specific horse in which you've invested. Do not let companies like MyRacehorse take advantage of your passion; there are far better ways to immerse yourself in horse racing without risking your hard-earned money. I mean, I thought it would be a cool way to get in on the horse racing action without having to shell out a ton of cash for my own horse. That's less than a meal for two at a nice restaurant, and you know where that goes. 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"). 01% of a share is exactly that. Browse available horses from. Soon as someone bought her she turned around and won multiple graded stakes races. That's a lot of money to lose, if you ask me. But man, was I wrong. MyRacehorse is a company that offers shares in racehorses, but don't let the name fool you. Reviews for MyRacehorse have been overwhelmingly positive, with users praising the platform for its transparency, accessibility, and affordability. The company claims to offer 0.2% shares in a filly for $165, but the fine print reveals that it's actually 0.02% of a 40% share in the horse, which means your real share is just 0.008%. Missing payments from MyRacehorse investments have led me to write a review. MyRacehorse Customer Support Rated Extremely Low. Currently, I own a total of seven horses, with PowerUp Paytner being the only one who has raced. Mrh is who profits but if you like this experience it's up to you. Search. And the payouts are immediate. I bought a few shares of a horse (Collusion Illusion) last year. They were prepared to show me around and help me find the horse, but the MyRacehorse representative refused to give us any information. MyRacehorse Thanks for the review Glenn and happy to hear that you are enjoying ownership with your horses! I purchased my first shares in the fall of 2019 with MyRacehorse. I really like the MyRaceHorse business model that covers racing and training expenses through winnings deductions rather than quarterly expense charges. MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. This is such a fun way to be a part of the sport of kings with one affordable upfront out of pocket fee(no monthly training bills). 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. RIP Show Your Cards. No trainer charges that much, and MyRacehorse is skimming an additional 30-40% off the top. We high-five and hug, and then we all gather in the Winner's Circle for a photo that has my name on it as an owner. LEXINGTON, Ky., June 02, 2023 -- ( BUSINESS WIRE )--Experiential Squared (E2), parent company to the popular global racehorse ownership platform, MyRacehorse, today announced a $7 million funding. And who wants that? Take the Future Starts Bundle, for example. DeB Roppel. MyRacehorse protects their ownership data, a common and legal practice. After all three horses were sold, I made an additional $20 -- giving me a $60 return on a $450 investment or a loss of $390. Kept from racing for "mental issues," and when he went back managed 8th place out of 8. Love it DONT DO IT! Let's dive into the non-biased myracehorse.com review and more. Currently, I own a total of seven horses, with PowerUp Paytner being the only one who has raced. And they rarely own the majority of the horse. They block you from all your groups if you speak the truth. Elite runners. The process of buying shares is quite straightforward, and once you're all set up, you can cheer on your horse from the comfort of your own home. What are MyRacehorse's email addresses? I just think it's terrible value for money for newcomers to be starting out. With regard to saving memories, may we ask if you've downloaded the MyRacehorse app? SO MUCH FUN! Unlike traditional ownership, there are no ongoing fees for board, training, or veterinary care. You'll fell more apart of the sport by just placing a few bets. I mean, I get it. They rarely own the majority of the horse. MyRacehorse has fulfilled the dreams of nearly 100,000 racing fans with affordable racehorse ownership. 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. This was my first racehorse purchase, but I couldn't help but wonder why a 1000 lb animal in the stalls is always going to be next to a wall? This could be due to technical issues, limited access, or website may be temporarily down for maintenance or experiencing technical difficulties. MyRacehorse ranks Positive reviews (last 12 months): How would you rate MyRacehorse? Of course they have to cover the reserves (food, entry fees, etc.) Such a great experience. Unfortunately, my hopes were quickly dashed as Collusion Illusion was kept from racing due to mental issues. I was able to invest in six horses for a total cash outlay of less than $1,000 - something that would have been impossible with traditional ownership methods. Big problems are the expenses when your horse isn't performing and when the time comes to get rid of one. Overall, while my experience with MyRacehorse has been mixed, I would recommend caution to anyone considering investing in a horse through this platform. But what's even more exciting is the potential for future income through stud fees. If they don't respond we plan to file a complaint with the SEC. As a customer, I truly expected more transparency and accountability from MyRacehorse, and this experience has unfortunately left a sour taste in my mouth. MyRacehorse also offers exclusive tours of the farms to see your younger horses or those that need some time off due to injuries. Additionally, if the horse doesn't win at all or performs poorly, the shareholders won't be asked to invest any more money beyond their initial share purchase. One of the primary concerns is the lack of transparency and communication with shareholders. I've had a couple jobs with horses too, so I thought it would be cool to own a racehorse. At minimum, I hope that MyRacehorse will take steps to improve their customer service and communication moving forward, and ensure that all customers receive prompt and accurate payouts for their investments. 3. While I purchased these horses with the knowledge that ROI was not guaranteed, I still hoped to see them participate in races and show signs of progress. After getting approx 10k of our money the trainer Mark Glatt said he needed more weight an muscle not quite ready. I purchased my first shares in the fall of 2019 with MyRacehorse. Take a look back on some of the highs and lows MyRacehorse experienced in the year 2021. I've purchased shares in a bunch of horses via MyRaceHorse.com. The yearling was sold for $280,000, but MyRacehorse is trying to sell a 40% share in it for $330,000. How are the bills for horse upkeep and training accounted for? However, from our perspective, this lack of transparency can impede trust and accountability, which are essential for establishing a credible and respected business entity. Such a great experience. They decide to sell at auction so on every share you lose $ 161. Overview MyRacehorse has a rating of 2.83 stars from 36 reviews, indicating that most customers are generally dissatisfied with their purchases. After having some experience with traditional racehorse syndicates, I decided to switch to MyRacehorse to invest tens of thousands of dollars of my retirement nest egg. With MyRacehorse, I have found a way to combine my love for horses and the excitement of investing in something that could potentially turn a profit. One of the best things about MyRacehorse.com is the payout system. This lack of predictability can be frustrating for investors who are looking for a more consistent return on their investment. MyRacehorse's business model essentially allows regular people to purchase fractional shares in racehorses, with the hopes of earning a return on investment if their chosen horse proves successful during races. 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 . Authentic will likely bring me about $600 to $1,000 annually in future income through stud fees. 0 0. So, while the concept of owning a racehorse seems attractive, it may not be the most prudent financial decision to throw away your money. So, if you're thinking about investing in MyRacehorse, I would think twice. Investing in horses is risky business. Where else can you say you own part of a horse sired by a Triple Crown winner without completely breaking the bank? It's not entertaining to spend lots of money on horses to enjoy them for 6 months before they go into claiming races. myracehorse.com: Read Pros, Cons,Reviews and More. The platform has also faced criticism for their customer support, with reports of delayed response times and unhelpful representatives. As an investor, I would have appreciated a clearer understanding of what my options were for buying and selling shares. 1,885 talking about this. The company changed its main phone number and has a decline in personnel. They Euthanized my horse before he ever ran a race! MRH is transparent, provides frequent updates on horses and hosts truly fun events. Despite this, it is worth noting that MyRacehorse has been transparent about the process and potential setbacks with these investments. 4. I am also part of the extended MRH family, which includes other individuals who share the same love and passion for these majestic creatures. To my dismay, I was told that they could not accommodate my request, which was a total embarrassment in front of my brother and nephew, both of which have lived in the area and own horses themselves. Browse available horses from top ownership groups and top trainers. Overall, I was really disappointed with MyRacehorse. And they don't even own the majority of the horse! MyRacehorse - Horse Racing Ownership. Do I get a refund get the same % ownership in new horse. Sign In . Search. I was just trying to express my opinion that they were setting us up for their own gain, and they couldn't handle it. Their customer service representatives have been responsive and helpful in answering any questions or concerns that I have had throughout my journey with fractional ownership. At best I made money 10% of the time. But, to our surprise, they decided to take him to a race just one month later. Complaint Type: Billing/Collection Issues Status: Resolved On 3/1/23, MyRacehorse was supposed to send me an annual payment for $9.68 a dividend from an investment. All Reviews 2. At least then you have some control over what happens. While MyRacehorse has a high level of trust, our investigation has revealed that the company's complaint resolution process is inadequate and ineffective. DO NOT USE THIS PLATFORM AS AN INVESTMENT. From what it shows on my account all the revenue that comes in per share is matched with an equal amount expense per share. MyRacehorse Review: A Scam or Legit Investment Opportunity? This has not been the positive experience I had hoped for. At the end of the day, MyRacehorse has opened up a new world of possibilities for people who love horse racing but may not have had the chance to be part of it otherwise. Developed by Michael Behrens, this unique approach to racehorse ownership allows even the smallest of investors to get involved in the exciting world of horse racing for a fraction of the traditional price. Part of the expenses was mortality insurance, but we couldn't help but wonder who collects that? Part of the expenses was mortality insurance! Anyway they took him to the vet and put him down. We offer the ability to search and compare racehorses,. However, my favorite part of owning Thoroughbred Racehorse through Myracehorse is the friendships that I have built through attending farm/backside tours, showcases and race day events. More than 5000 punters have micro-shares in the thoroughbred. Anyone can write a Trustpilot review. We'll certainly keep Shug on our minds for a future acquisition he's also extremely talented. We were asked not to mention it on social media, which made us even more suspicious. If you are a regular customer of MyRacehorse Australia and use their services or products then you may had any. This is such a fun way to be a part of the sport of kings with one affordable upfront out of pocket fee(no monthly training bills). With MyRacehorse, it's just a big gamble. Buy a racehorse share. The horse ended up winning 4 out of 11 races, which was pretty cool. We promise not to send you any unrelated messages, Click here if youd like to unsubscribe from notifications about new complaints of MyRacehorse, Pros and Cons of MyRacehorse: A Review Breakdown. MyRacehorse has received 8 positive reviews on our site. Labeled Verified, theyre about genuine experiences.Learn more about other kinds of reviews. I'm not saying the horses did not race and place in any rankings, since they did and total achieved for all my horses for 2020 was around 250k. This is a good sign and indicates a safe and reliable experience for customers who choose to work with the company. the microshares through MyRacehorse don't meet that requirement, so you wouldn't get any . But then, the company decided to sell the horse at an auction. Most positive reviews for this company have to be fake. 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? Bought into a horse for $301, horse won 4 out of 11 races. 17 16 comments Top Add a Comment this_and_67 3 yr. ago I have a couple of shares in the AP filly, named American Heiress. Little did I know that my first purchase, Authentic, would go on to win the Kentucky Derby and provide me with one of the biggest thrills of my life. In conclusion, I cannot in good conscience recommend MyRacehorse as a platform to invest in. These animals become my babies, and checking on them every day brings me a wealth of happiness and joy. We tried to contact MyRacehorse through email and phone calls, but we received no response as to what they were going to do. MyRacehorse - Horse Racing Ownership. Starting at $100. 1 review US 7 days ago SO MUCH FUN SO MUCH FUN! Your chances of winning a 10-to-1 bet are better than breaking even with MyRacehorse. So he couldn't run. The event was well-planned and offered a fun and engaging experience for attendees. Edward Stecher from CA April 24, 2023. I now have over 30 horses in my account, and my calendar is always full with races to watch online or in person. Is it Safe? Have contacted MRH 3 times. Then asked that no one mention it on social media? While investing in racehorses may seem like a fun and exciting experience, the specific terms and conditions of MyRacehorse make it a challenging platform to use. I paid $52 for one share and over the past two years, she's only made me $5. That's just not right. I've been in the horse breeding and showing game for years, and let me tell you, it's not easy to make a profit. However, I will say that my one positive experience with MyRacehorse was attending one of their events. One individual even went as far as reaching out to MRH directly to ask about their financial standing but received no response. If you've ever dreamed of owning part of a racehorse but thought it was only for the elite, think again! I purchased my first shares in the fall of 2019 with MyRacehorse. MyRacehorse Review: A Winning Platform for Passionate Horse Lovers and Owners! Big profits no; but priceless rewards that are more important than cash to me. MRH is simply entertainment. I have emailed, called lvm no response as to what are they are going to do. Claim it and get a lot of features. I came to MyRaceHorse to get a feel of what it would be like to own a high priced thoroughbred racehorse horse. This will surely increase the credibility of your complaint. It's also a lot of fun to own a horse and see it race (online the last 18 months - maybe in-person soon!) Tag: myracehorse complaints. Your cash outlay is finished the day you buy into a MyRacehorse horse. Etc no response. Avoid investing in their fractional shares at all costs. Additionally, MyRacehorse takes a 10% cut from the earnings, following a similar 10% cut for the jockey and trainer, and some small incidentals. When I called they said that there was a maintenance issue with the website and it delayed many of the customers payments. It goes against our guidelines to offer incentives for reviews. In memory of my father, I purchased shares in Lane Way and it remains one of my best decisions to date. 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. Hi Tara, we're sorry your horse's journey did not go as you envisioned. While I understand that the pandemic has had a significant impact on the sport and the progression of horses, the prolonged wait for my horses to race has been quite frustrating. However ComplaintsBoard has detected that: This complaint was posted by a verified customer. This can be a significant barrier to entry for some individuals who may be interested in investing in racehorses, but do not have the funds to make such a large investment. It's worth noting that owning a horse is a risky investment, and there's always the possibility that your investment won't pay off. I recently had an unfortunate experience with MyRacehorse, an online platform that offers individuals the opportunity to own fractional shares in racehorses. As an owner, I feel like I am part of the journey, and I cannot wait to watch Chasing Time compete at his very best. And guess what? And I only got $24 back for my shares. I thought it would be a fun way to get involved in horse racing, but it just ended up being a big letdown.
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