MyRacehorseReviews 51

Not one person I know of has made a profit. I asked MRH if they are in the black and got no response. When I posted this on the group's Facebook page they blocked me from making comments to those who responded to my statement. That to me says all you need to know. Bottom line save your money and if you do buy into don't expect to ever be in the black.

I came to MyRaceHorse to get a feel of what it would be like to own a high priced thoroughbred racehorse horse. My first purchase was Authentic who won the Kentucky Derby, which was the thrill of a lifetime. Authentic will likely bring me about $600 to $1,000 annually in future income through stud fees. Eventually, I will have a positive ROI with him. 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. 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. I really like the MyRaceHorse business model that covers racing and training expenses through winnings deductions rather than quarterly expense charges. And the payouts are immediate. Once you buy in there are no added expenses. Finally the "little guy" gets to play in the Sport of Kings. So bottom line, no I probably won't get rich, but MyRaceHorse treats its investment partners superbly. Further, I would never be able to touch the quality of the MyRaceHorse offerings through a traditional partnership. A class act and a lot of fun.

I am not a part owner of many racehorses to make money. I am in it for the excitement and fun. Myracehorse people were up front with money issues. Seeing Authentic win the Derby and the Classic was so ecxiting. Yes, I am very pleased with Myracehorse.

MyRacehorse lets people who aren't millionaires have a piece of the racehorse experience. And yes, it is an experience. Even the millionaires have horses need injury time off at times or have horses who don't always meet expectation. That's just part of the business. MRH is totally up front about what you get and that there are no guarantees, and there are no additional monthly fees after your first investment. Where else can you get a piece of a horse sired by a Triple Crown winner for $100? Most of the people complaining are complaining about not making money, but this is about the whole ownership experience. It is not an investment to make money; the great majority of racehorses across the board for anyone in the industry do not make money. And anybody complaining about Authentic didn't read the paperwork thoroughly on that offering; it was very clear on the kickers that would be paid to former owners if he won the Derby or Breeders' Cup, thereby taking those purses. The real value of that one offering, unlike most of theirs, is in the breeding career, and I'm confident that Authentic's shareholders will come out on top in a few years. But with MRH, on my small budget, I have a graded stakes winner and a grade I stakes placed already. I'm happy, and they are very informative and patient and helpful.

Avoid investing in this myracehorse site. It will be very difficult to make a profitable return with an investment in a horse with the specific terms and conditions.

I read one of the negative responses below in respect of a 95 cent payout. I have a micro share in 5 horses and understand that it is a "micro" share. I am looking forward to watching my horses race, and if I get 95 cents, it will be a bonus. I buy a Lotto ticket each week and believe that I will never win. If you buy into MyRacehorse, do so with your eyes open and accept that it is for fun and. 01% of a share is exactly that. No more to pay, and hopefully around 5 years of fun.

Cheers

I have seven fractional ownership in horses through MyRacehorse and a little disappointed in the fact that most, aside from PowerUp Paytner haven't raced. I knew the purchases would not yield any sort of ROI, but purchased for the love of the sport and personal interest in racing.

With this, my only complaint is the lack of races for the horses purchased. 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.

Investor beware.

I've purchased shares in a bunch of horses via MyRaceHorse.com. It's a very good system - when the horses win, there's a payout. Of course they have to cover the reserves (food, entry fees, etc.) before paying out cash. So in some cases the winnings end up just going back to prop up the reserves. 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. And one has to realize, horses are a risky investment - some don't end up going fast, some get hurt, some get sick, etc. That's part of the risk/reward.
It's also a lot of fun to own a horse and see it race (online the last 18 months - maybe in-person soon!) and bet on it and see it win! You also receive a bunch of video updates of the horse - workouts, feeding, resting, etc. 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").
Highly recommended as a fun way to participate in horse racing at modest cost. If you true goal is to make a ton of money, this is probably too risky of a bet to make it worthwhile.

I started investing in myracehorse October 2019. I spread 1k over shares of 7 horses that have yet to retrieve any type of return to my wallet. 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. Though I received $0 of those winnings from the shares I have. From what it shows on my account all the revenue that comes in per share is matched with an equal amount expense per share. Constantly resulting an amount of dividend per share of $0.

My racehorse.com offers micro shares in their excellent quality, very expensive race horses. It's a GREAT concept. 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. One of their top horses finished third in a $ 300,000 race. What did the micro share " partners " make? 95 CENTS! This is their payout for a horse that's a major, top money maker. Just imagine what their payout would be for a horse that's NOT this great! At this rate it will take YEARS to show a profit. If you want to throw away your money then this is the place for you!