MyRacehorseReviews 60

Purchased Super Stable of 26 horses advertised, listed only 24 horses and now only have 5 left but 2 have not even been sighted King of Swords and Not so Shy.

Of the 18 sold they have gone on to win 9 times, 2nd 3 times and third place 10 times earning $207,139. We miss out on this money and sold all 18 for only $182,450. If kept would have collected more and still have an interest.

So far only have $16 in wallet and with only 3 horses left no way are we going to reach the minimum $50 before we can take money out. Wins a big race pricemoney $ 82,000 and 1 share you get 64 cents.

Also all the horses while in stable earned in pricemoney total of $645,055 but from My Racehorse calculations they are saying only $522,630 mening around $122,425 not included. This mainly been from

1. Tanto $ 43,000 short
2. Artic Fairy $ 47,900 short
3. American Liaison $ 17,200 short
4. Crystalaa $ 18,000 short

Best Horse Archer County if had kept only down -$ 9,770

Rocked if kept had no starts but since sold 17 starts for $ 50,260 in pricemoney, again far better than King of Swords or Not so Shy to name a few.

Worst Horse King Of Swords cost $ 600,000 has not started and kept.

Darksaber sold but if kept only down -$ 487,665 but at least racing.

Management and trainers geld the horses for no reason or sell for no reason, bad trainers and jockeys main reason or wrong distance entered to race.

Think the Queenslnd Punters Club a few years back while not good a hell of a lot more honest than My Racehorse. Definitely not interested in any horse trained by Gai Waterhouse, since the Waterhouse's should not be allowed on a racetrack after Fine Cotton scandal. They have never given me back the thousands of dollars lost because of there involement in Fine Cotton scandal.

I have been waiting to buy stock in lovesick21 for months. I've dealt with the annoying emails stating that they would work out the logistics with the SEC for all states. Next thing you know they acknowledged they screwed up and instead of waiting until everyone had an equal chance to buy, they just opened up to everyone but Maryland. I recommend not doing business with them if they can't be fair.

Owner of Straight No Chaser. My boy is fire. My friends and family have made a lot of bets on him and he's never disappointed us. the day he ran against Taiba I knew I had a special horse. So blessed to have him as a part of my stable.

I've read all the reviews here and keep seeing the word "investment". Guys! You are buying an experience at myRacehorse, not an investment. Didn't you read the prospectus before you "invested"? There is virtually no chance of making money on your horse--and they make that quite clear--but what you spend will buy you memories that will last a lifetime. You will learn about the "big leagues" of horse racing at very little expense. Know how to make a small fortune in horse racing? Start with a large fortune! It's funny. And it's true.

SO MUCH FUN! I purchased my first shares in the fall of 2019 with MyRacehorse. I have loved receiving all of the informative and educational updates on my horses which include pictures and videos. 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. 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). Additionally, I am proud to a part of a company that always puts the horse first and ensures that the horses are cared for and properly rehomed after their racing career if they don't make it as a stallion or broodmare prospect. Such a great experience.

Now I have to pay to download a digital picture of my racehorse from my racehorse it makes me very mad for I use my mare's winning photos for my social media accounts now I can't do that I have to pay $15 for a photo and that's the cheapest amount, I hate to say this at LEAST I got my $5.02 dollar check in the mail and was able to cash it at my bank

They sold a graded stakes winner for 400,000 because she didn't win fast enough. Soon as someone bought her she turned around and won multiple graded stakes races. They block you from all your groups if you speak the truth. It's a bit odd to be blocked when you express you feel they are setting you up for their own gain. You fund their business by buying shares. And they drop them into claimers after using the horses reserve for 25 grand. They don't even own majority of the horse. Way to many horses lost (expensive ones too) to small claiming races. They rarely own the majority of the horse. It's supposed to be for entertainment. It's not entertaining to spend lots of money on horses to enjoy them for 6 months before they go into claiming races. Future starts bundle started with 14 horses. Within 8 months 8 horses sold to claimers. The future starts bundle is left with 2 or 3 horses out the bundle after after 10 months.

My Racehorse is wonderful for those that want to share in the excitement of a racehorse, but are intelligent enough to know that this is NOT a way to get rich, or even break even. MRH is simply entertainment. MRH is transparent, provides frequent updates on horses and hosts truly fun events. If you are looking for a lucrative investment this is not it. Get with a stock broker and stay away from race horses. I Love MRH and thoroughly enjoy attending events, meeting the people and my horses.

DONT DO IT! DONT DO IT!
You are better off just betting on horses.
If you really feel you want to have a race horse then buy one and pay a trainer. At least you will get your money back and have a say. Myracehorse.com is a scam. Bought 10 shares for $750 when Magical Ways didn't win his 3 races they put him in a claim race. He won and then sold, "claimed". You get $24. When they want to wipe their hands they put the horses in a lower class of running to sell. I lost $735 on my shares and had no say. No voting.
Damn, talk about the horse business, thought boarding was bad...

Horse ran. I see nothing on Classic Cut in regards to a review.
Nothing on the horse at all. Disappointed

I enjoy this website mostly however I've had missing payouts. The horses offered are good. At my birthday, I owned a horse with a payout and it was not added to my wallet.

I have bred and shown quarter horses for years and the one thing is that you will never make any money off of most horses. They cost more to keep and train then they will ever pay back in winnings...although you do once in a blue moon get a very special horse and with a lot of luck you could make a killing...but that is NEVER the norm. Owning any horse is a losing proposition between vet bills, shoes, equipment...and a lot of the time your horse has something going on that keeps them from being of use. So don't ever look at horses as a means for profit. What I love about MyRacehorse is that I pay one fee that is less than the cost of day owning a horse and I get a tiny share of one that I do not have to groom, feed, water, exercise, call the vet...and for that small investment for that tiny share...I get to stand with my fellow shareowners and yell and scream at my horse crossing the finish line first and the high-fives and hugs and then we all gather in the Winner's Circle for that photo which then gets my name on it as AN OWNER...and then the champagne toast and the personal talk with the trainer and jockey and then entering the races that lead to the Kentucky Derby and getting those elusive points and going and my horse WINNING...and those who don't make it...what an exciting rush? MyRacehorse offers exclusive tours of the farms to see your younger horses or those that need some time off due to the pressures and injuries, just like you and me when we work out too hard or pull a muscle and need time to just rest. MyRacehorse is very transparent about the training and care your horse is getting and there are videos and reports every few days, interviews with your horse's vet, trainer, etc. There are private luncheons and track tours and you ARE TREATED LIKE AN OWNER. I now have over 30 horses in my account and my calendar is always full with races to see online or in person. I have yearlings that I am eagerly watching grow and learn and I have a Kentucky Derby winner and Eclipse Horse Of The Year whom I now get breeding money for. My trainers are Pletcher, Mott, Cox, Lukas, Asmussen...our jockeys are Smith, Rosario, Ortiz, Pratt to name a few. Our horses race at Churchill Downs, Gulfstream, Del Mar, Belmont, Saratoga...This is not just some penny ante fly by night thing. This is as close as you will get to owning a racing thoroughbred for under $200. That's less than a meal for two at a nice restaurant and you know where that goes? So, do not listen to those reviewers who are angry because they did not make any money. They knew going in what this was about and if they were that uninformed or believed in something that could not happen then that is their fault and had nothing to do with MyRacehorse. I love it. I know horses. I am in and will continue to buy more.

Bought into a horse for $301, horse won 4 out of 11 races. They decide to sell at auction so on every share you lose $ 161. That's crazy. This company is just your donation not an investment.

MyRacehorse should be viewed like losing money at the casino. DO NOT USE THIS PLATFORM AS AN INVESTMENT. It's a fun experience, and it can be exciting when your horse runs in a race -- or, even wins -- however, you will never get your investment back because the payouts are so small.

For example, my investment in three horses, which was $450 total, earned winnings of $40.

One of the three horses never even made it to a race because the horse had absolutely no interest in racing. So, the horse was sold to a petting zoo or hobby farm. Another horse ran one race and didn't even finish. It was sold, too. 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.

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.

Your chances of winning a 10-to-1 bet are better than breaking even with MyRacehorse.

Invest a modest amount (or more) in the race horse prospects offered. Learn about the racing business and feel and BE a part of it. For those that are able to get to the tracks, wonderful live events. For a stay at home senior citizen who has been a lifelong racing fan, it is the answer to my dreams. Best money I ever spent. Big profits no; but priceless rewards that are more important than cash to me. Thank you to My Racehorse.

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.

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.

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.

Their big banner headline claim is not quite correct though, or anywhere near it.

You have to read the fine print to get the real picture.

What they are really offering the come in spinners is 0.02% of a 40% share in the horse.

That makes it a bit different.

Why?

Because the suckers real share of the whole horse is just 0.008%.

That's just the start of the shake, the intro to the grift.

The yearling in question was sold just three months ago through the Magic Millions sale ring.

The purchase price was $280 000.

MyRacehorse are trying to sell a 40% share in it for $330 000.

That's value for money isn't it?

They say that they are only charging you $62 for the value of the horse.

That amount is actually correct for a 1/2000th share of 40%.

But to buy in you have to pay $165, not $62.

So where does your other $103 go?

Here.

PER SHARE PRICE BREAKDOWN
(all numbers are approximate)

Horse value: $62
Acquisition Costs: $3
Prepaid Expenses: $68
Management Fee: $32
20 percent of your money is being paid to the promoters as a management fee.

That's outrageous

So are the claimed prepaid expenses of $68 out of each $165 unit share.

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.

No trainer charges $80 000 a year.

At the top end the overall annual cost to train a horse, with all things included, is $50 000 – $60 000 maximum.

MyRacehorse are skimming an additional 30-40% off the top.

It gets better, or worse as the case may be.

Those are only the costs up to 30 June 2014, when the filly will be just four years of age.

You as the unit holder pay the whole whack after that.

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.
MRH has distributed share holders 35.00 from 2021 breeding season revenue. This is completely ludicrous and a scam after sitting on our monies for two years and not paying a single penny to shareholders.
MRH is a scam!

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. After getting approx 10k of our money the trainer Mark Glatt said he needed more weight an muscle not quite ready. But they decided to take him to a race 1 month later but apparently they injured his leg putting him in the trailer. So he couldn't run. Sent pictures of him " resting peacefully" at the race on his side laying down in the middle of the day? 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? 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? Anyway they took him to the vet and put him down. We Owned for 2 months never ran a race. Then asked that no one mention it on social media? I have emailed, called lvm no response as to what are they are going to do. Do I get a refund get the same % ownership in new horse. Etc… no response. Part of the expenses was mortality insurance! Who collects that? If they don't respond we plan to file a complaint with the SEC. Unbelievable RIP Show Your Cards!

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. 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. 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. 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 experienced the type of customer service you can expect with MYRACEHORSE when I recently made the trip from my home in South Florida to upstate New York to attend opening weekend of the Saratoga Thoroughbred Racehorse summer meet. 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. To make a long story short, I was told that they could not accommodate my request. I was with my brother and nephew, both of which have lived in the Saratoga Springs area their whole like, both own horses, and both know their way around the barns at Saratoga as well as anyone and the MYRACEHORSE people wouldn't even give us a barn number for the horse so we could find the horse ourselves. I was totally embarrassed! What's the sense of investing tens of thousands of dollars in a horse(s) if you can't get the opportunity to see it(them) up close and personal. 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. Live and learn. Sooner or later, companies that fail to provide good public service will pay the price in the marketplace.

On top of the large "management" fee the horses themselves haven't done anything (except for Authentic who investors got nothing for all of his success). I guess if you don't mind throwing away money to maybe see a horse you "own" run a couple times a year and make almost 0 profit then this place is for you. I would suggest doing more research and looking to spend money somewhere else if you want to get into the horseracing game.

My horses have been ill or injured or recuperating. This has not been the positive experience I had hoped for.