I do think their horses are pretty overpriced though, especially when compared to Wasabi. It's a GREAT concept. The horses MyRaceHorse owns are then divvied up into shares which users can purchase for as little as $95. 95 CENTS! MyRacehorse will offer 10,200 shares in Monomoy Girl at $46 per share. I like that the app is easy to use, their upfront about how it … … The myracehorse app is a great idea to get people involved in racing, and I will report back if it begins broadly offering Nevadans a chance to participate. First of its kind!!! 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. No. This fully transparent marketplace provides users a depth of information about the horses for sale. TUNE IN ALERT: We're hosting a Live Chat this Friday at 6:00 pm ET/3:00 pm PT! #RJhorseracing featured races. Behrens says that … With Authentic, for example, MyRacehorse bought 12.5% of the colt after he finished second in the Runhappy Santa Anita Derby (G1) for $1,894,218. MyRacehorse has a consumer rating of 1 star from 2 reviews indicating that most customers are generally dissatisfied with their purchases. The MRH marketplace connects buyers and sellers of the worlds best thoroughbreds. Stop creating division and strife where there is no reason for it; we have enough issues as a sport. The one argument I've seen that almost makes sense is that MyRacehorse is a “scam.” I say almost makes sense because they are the most transparent entity I have seen. !. Just imagine what their payout would be for a horse that's NOT this great! MyRacehorse Michael, thank you for taking the time to provide your feedback. Positive Reviews: MyRacehorse - 9 Similar Apps & 118 Reviews. Myracehorse website allows average people to own a piece of action Myracehorse.com owner Robin Hoffos posed with jockey Sophie Doyle before she rode Street Brand to … But here’s what I hear at every sale. Now, a company called MyRacehorse is further simplifying the process of becoming an owner, while dropping the barrier to entry to as low as $100. The Ultimate Coronavirus Consumer Resource Guide: Avoid Scams and Shop Smarter, We’re in this together! Tip for consumers:Think twice ! Owning 1% of any race horse would be an absolute waste of time and money. My Race Horse let's you easily buy into partial ownership of a race horse. It sounds like they intend to go nationwide at some point, but they're working through approvals from the SEC. Dear horse racing Twitter, and the industry at large: Do better. A launch party will be held June 9-10 ... “They want to know that it’s legit and regulated. 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 annually—and it … MyRacehorse has an outstanding working relationship with Spendthrift Farm -- and it is absolutely legit -- and is a one-time cost; no further cash calls. Over the weekend, yet another tweet made the rounds mocking a MyRacehorse owner. At OBSAPR, MyRacehorse bought interests in three more juveniles, partnering separately with owners Joey Platts and Slam Dunk Racing to combine for … This IMO, is a scam on order of Ponzi. They also have a right to profit from the eventual sale of a horse, that is … YES, IM MEMBER MYRACEHORSES SHAREHOLDER HOW WORK MYRACEHORSES PAYOUT WHICH 6 MONTH OR YEARS AND IF DO YOU EXPERIENCE MEMBER MYRACEHORSES? We're catching up on last weekend's runners, talking about the Future Stars Bundle as they progress, our new Horse Spotlight segment & questions, and having MRH owner Jane Wade on to talk all things ownership. Experiential Squared, Inc. DBA MyRacehorse itself is a separate company from the horse companies. We spoke to Michael Behrens, the founder of MyRacehorse, about the company’s recent launch and what … Horse Training in N Richlnd Hls, TX. In this weekly piece, we’ll bring you the best of new arrivals to the Thoroughbred world. Monomoy Girl will make her 2021 debut in the $250,000 Bayakoa Stakes at Oaklawn Park this Sunday, Feb. 28th, with a longer range goal of competing in the $1 million Apple Blossom Handicap on April 17th. The # MyRacehorse team is back for another fun live show. We’re in this together! Cue 'My Old Kentucky Home' because MyRacehorse is proud to offer top KY Derby prospect, AUTHENTIC! This is their payout for a horse that's a major, top money maker. We use cookies for analytics, personalization, and ads. Learn how to stay safe during COVID-19 in our new guide: Backed by the National Science Foundation, Sitejabber’s sole mission is to increase online transparency for consumers and businesses, Sitejabber has helped over 100M consumers make better purchasing decisions online, Suspicious reviews are flagged by our algorithms, moderators, and community members. The premise behind MyRacehorse goes beyond making money as there is much more to this ownership. 1,612 talking about this. Only “con” is that more people don’t know about it. Authentic was part of MyRacehorse, but there others, including Wasabi Venture Stables.These programs allow you to purchase a small (.5 or 1%) share of a racehorse and then enjoy the thrill of being an owner. Post Jul 03, 2020 #2 2020-07-03T13:06. We’re in this together! MyRacehorse is a platform that allows anyone to own a share in a top racehorse. Browse available horses from top ownership groups and top trainers. See BBB rating, reviews, complaints, & more. MyRacehorse is an ownership platform that makes it possible for anyone to own a share in a top racehorse for as little as $100. Unless you can have majority ownership or involved with 2 or 3 partners you can trust, what is the point. We do our very best to provide our owners with the best experience possible including updates on your horses, opportunities to visit the horses, attend on-track events, and be invited to the winner's circle for winning photos. It’s all fully securities compliant and both accredited and non-accredited investors are welcome to use the app. It also could be also be a total loss. Welcome to the future of horseracing, where you can legally buy shares in top racehorses. My racehorse.com offers micro shares in their excellent quality, very expensive race horses. MyRacehorse already is moving fast out of the gate. It's a GREAT concept. Scam number 1 is believing the trainer. MyRacehorse is a manager of the horse companies and handles the offerings. The MyRaceHorse mobile app In addition to buying micro shares, users have also used the app to invest more substantial amounts. LET ME KNOW PLEASE THANK YOU BIG SMILE! 1,696 973 16. What did the micro share " partners " make? One of the cool things about Authentic winning the Derby is that he had many owners who bought in using racehorse microshares. 1,696 973 16. excalibur. I have also heard good things about MyRacehorse.com, but right now they're only operating in California. 1 0 Sandra S. MyRaceHorse is an online micro-share platform that allows consumers to purchase equity shares of top thoroughbred racehorses. They put on upscale events and you can own a share of a beautiful Racehorse for as little as $100. Microshare ownership in Thoroughbreds had its coming out last year when Spendthrift Farm's MyRacehorse gave 5,314 people unprecedented and legitimate bragging rights to owning a … If you want to throw away your money then this is the place for you! While majority ownership of the colt belongs to Spendthrift Farm LLC, Madaket Stables LLC and Starlight Racing, a 12.5 percent stake is owned by MyRaceHorse, a company that allowed anyone to buy into Authentic for that low price. By using Sitejabber, you agree to our Terms of Service and Privacy Policy. One of their top horses finished third in a $ 300,000 race. If your horse has payouts you’ll receive a 1099-DIV. This organization is not BBB accredited. excalibur. I like that the app is easy to use, their upfront about how it works and they make it easy to buy a share. MyRaceHorse deducts maintenance and training costs from its own percentage of the purse, the remainder is shared among microequity owners on the basis of their ownership stake. Stop shooting yourself in the foot. Claim your listing for free to respond to reviews, update your profile and manage your listing. Do I get a K-1 or 1099 if there are dividends or profits? To find more information about reviews and trust on Sitejabber.com please visit. That $206 could net a return of hundreds. They put on upscale events and you can own a share of a beautiful Racehorse for as little as $100. 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. MyRacehorse ranks 22nd among Horseback Riding sites. 2 reviews for MyRacehorse, 1.0 stars: 'My racehorse.com offers micro shares in their excellent quality, very expensive race horses. They vet their owners and jockeys to ensure their horses are well taken care of. Learn how to stay safe during COVID-19 in our new guide: Stay safe with our COVID-19 guide. You won't make money here. Thoroughbreds in North America all celebrate their birthdays on Jan. 1, so as soon as the New Year rolls around, so does “foaling season” – that magical time that lasts from the beginning of January through the late spring when racehorse babies are born. Gain trust and grow your business with customer reviews. At this rate it will take YEARS to show a profit. They all say they don’t do it.