MyRacehorse’s earns a 2.3-star rating from 26 reviews, showing that the majority of horse racing enthusiasts are somewhat dissatisfied with ownership experience.
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MyRacehorse Review: Disappointing Returns and Turf Transitions
Yo, so I gotta say, I bought a share of a horse on MyRacehorse back in 2021 and it's been a bit of a bumpy ride. I paid $52 for one share and over the past two years, she's only made me $5. Not exactly a huge return on investment, ya know?
To make matters worse, she finished last in the Santa Anita Oaks and couldn't even go to the Kentucky Oaks like the winner did. Now she's racing in AOC races and just transitioned from dirt to turf. I'm not really into turf horses, I prefer watching dirt horses (ya know, thoroughbred horse races). It's a bit disappointing that I bought a dirt horse and now she's racing on turf.
Another thing that's really bugging me is that I used to be able to download her training workout videos, but now I can't. What's the point of owning a racehorse if you can't save memories, ya know? I mainly bought her for her pedigree and trainer - my mom met him before at work and she's been working around horses for decades. I've had a couple jobs with horses too, so I thought it would be cool to own a racehorse.
But here's the thing - I'm starting to think that MyRacehorse might be a bit of a scam. You don't see trainers like Shug McGaughey (who trained Orb, the Kentucky Derby winner) training horses for MRH. You only see him training for West Point Thoroughbreds, which seems like a more legitimate horse racing share program.
Overall, I'm feeling a bit disappointed with my experience on MyRacehorse. I'm not sure if I'll buy another share in the future, but I guess we'll see. Maybe things will turn around and my horse will start winning some races on turf. Only time will tell, I guess.
MyRacehorse Review: Our Tragic Experience with Show Your Cards
Me and a few of my buddies decided to invest in MyRacehorse, a website that promotes great bloodline 2-year-old colts. We were excited to see our investment grow and were thrilled when we heard that our colt had run one of the fastest times ever at the auction. We invested approximately 10k of our hard-earned money and eagerly awaited the next race.
However, things didn't go as planned. The trainer, Mark Glatt, said that our colt needed more weight and muscle and wasn't quite ready to race. But, to our surprise, they decided to take him to a race just one month later. Unfortunately, our colt was injured while being transported in the trailer and couldn't run.
We were sent pictures of him "resting peacefully" at the race, but we couldn't help but wonder why he was lying on his side in the middle of the day. Then, we were told that he was getting better, but he fell asleep in his stall and somehow broke his front leg. 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?
Sadly, our colt had to be put down, and we owned him for only two months without him ever running a race. We were asked not to mention it on social media, which made us even more suspicious. We tried to contact MyRacehorse through email and phone calls, but we received no response as to what they were going to do. We wondered if we would get a refund or the same % ownership in a new horse, but we were left in the dark.
Part of the expenses was mortality insurance, but we couldn't help but wonder who collects that? If they don't respond, we plan to file a complaint with the SEC. It's unbelievable that our colt, Show Your Cards, had to be put down, and we were left with no answers. RIP Show Your Cards.
MyRacehorse Review: A Scam or Legit Investment Opportunity?
MyRacehorse is a company that offers shares in racehorses, but don't let the name fool you. When you buy a share, you don't actually own a horse, you just own a small percentage of it along with thousands of other people. 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%.
The yearling was sold for $280,000, but MyRacehorse is trying to sell a 40% share in it for $330,000. They claim that they are only charging $62 for the value of the horse, but when you buy in, you have to pay $165, so where does the other $103 go? Well, 20% of your money goes to the promoters as a management fee, and the rest is for prepaid expenses and a management fee.
The prepaid expenses are essentially for training and training-related expenses, but they are being calculated on a rate of $80,000 per year for a full 100% share in the horse. No trainer charges that much, and MyRacehorse is skimming an additional 30-40% off the top. And those are only the costs up to June 30, 2014, after which you as the unit holder have to pay the whole whack.
To make matters worse, MyRacehorse has distributed just $35 to shareholders from the 2021 breeding season revenue, despite sitting on their money for two years. This is completely ludicrous and a scam. Don't fall for it.
MyRacehorse Review: The Best Way to Own a Racehorse Without the Hassle or Expense
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. Most horses cost more to keep and train than they'll ever earn in winnings. Sure, every once in a blue moon you might get lucky with a special horse and make a killing, but that's not the norm. Owning a horse is a losing proposition, with vet bills, shoeing, equipment, and the fact that they're often injured or sick and can't be used. So, don't look at horses as a way to make money.
That's why I love MyRacehorse. For a small fee that's less than the cost of owning a horse for a day, I get a tiny share of a racehorse that I don't have to take care of. I don't have to groom, feed, water, exercise, or call the vet. And for that small investment, I get to stand with my fellow shareowners and cheer on our horse as it crosses the finish line first. 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. Then we toast with champagne and talk to the trainer and jockey. It's an amazing feeling.
MyRacehorse also offers exclusive tours of the farms to see your younger horses or those that need some time off due to injuries. They're very transparent about the training and care your horse is getting, with videos and reports every few days and interviews with the vet and trainer. There are private luncheons and track tours, and you're treated like an owner. I now have over 30 horses in my account, and my calendar is always full with races to watch online or in person. I have yearlings that I'm eagerly watching grow and learn, and I even have a Kentucky Derby winner and Eclipse Horse of the Year that I get breeding money for. My trainers are the best in the business, like Pletcher, Mott, Cox, Lukas, and Asmussen, and our jockeys are top-notch, like Smith, Rosario, Ortiz, and Pratt. Our horses race at the best tracks, like Churchill Downs, Gulfstream, Del Mar, Belmont, and Saratoga.
This isn't some penny ante fly-by-night operation. This is as close as you'll 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. Don't listen to those angry reviewers who didn't make any money. They knew what they were getting into, and if they were uninformed or believed in something that couldn't happen, that's their fault. I love MyRacehorse, and I know horses. I'm in, and I'll continue to buy more.
MyRacehorse Review: A More Accessible and Affordable Ownership Option
As an experienced racehorse owner for over half a century, I have seen the ups and downs of the industry. From owning horses outright to investing in partnerships, it's safe to say that it can be a risky and expensive venture. That's why I was thrilled to discover MyRacehorse.com, a platform that offers a unique way to get involved in horse ownership.
Unlike traditional ownership models, MyRacehorse offers mini shares in horses at a much lower cost, making it accessible to a wider audience. 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.
One of the biggest advantages of MyRacehorse is that there are no additional expenses beyond the initial investment. Unlike traditional ownership, there are no ongoing fees for board, training, or veterinary care. This means that there is no financial strain in times when one of the horses is not performing well.
While it's important to have realistic expectations, I have found that MyRacehorse offers a more stable investment option than traditional ownership. The likelihood of making a profit is low, but breaking even is certainly a possibility. Owning mini shares in multiple horses spreads the risk, making it a worthwhile investment for me.
Overall, I would highly recommend MyRacehorse to any racehorse enthusiast looking for a more accessible and affordable way to get involved in ownership. With no ongoing expenses and the opportunity for potential returns, it's a win-win situation for any horse lover.
MyRacehorse Review: Mixed Experience with Fractional Ownership for Horse Racing Enthusiasts
As a passionate horse racing enthusiast, I decided to invest in fractional ownership through MyRacehorse and while my experience has been mixed, I am overall satisfied with the platform's services. Currently, I own a total of seven horses, with PowerUp Paytner being the only one who has raced. 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.
Unfortunately, it has been disappointing to see the lack of races for these horses, especially considering most of them are approaching the age of four (4) years old. 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.
Despite this, it is worth noting that MyRacehorse has been transparent about the process and potential setbacks with these investments. 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.
In conclusion, while there may be some concerns with the frequency of races for these horses, I still appreciate the love and personal interest that MyRacehorse has helped me cultivate for this beautiful sport. 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, it is important to go into this investment with a clear understanding that ROI is not guaranteed, and the pandemic has had its impact on horse racing as a whole.
MyRacehorse.com Review: Is Investing in Micro Shares of Elite Racehorses Worth It?
MyRacehorse.com is undoubtedly an innovative website that offers micro shares in high-quality, elite racehorses. The idea of owning a part of a racehorse is fascinating, and you seem to be investing in something of great value. However, some people who have invested in this micro stock share venture have raised some concerns. It has been noticed that the only party making money from this investment is the owners- MyRacehorse and Spendthrift Farms.
One of their top horses recently finished third in a $300,000 race, which is a decent result, given the high stakes involved. But what do the micro-share partners make out of this? A meager 95 cents! The fact that people only get barely any profit from a racing horse that is already established as a top money maker raises a lot of alarm bells.
One wonders, what is the payout for a horse that does not live up to the lofty expectations? It could take years and years before anyone sees any profit on these investments. So, while the concept of owning a racehorse seems attractive, it may not be the most prudent financial decision to throw away your money.
In conclusion, MyRacehorse.com offers a thrilling opportunity for those looking to own a slice of the racing pie. However, with the current payout situation, it's important to weigh the potential risks and rewards before you invest your hard-earned money in this venture. It's always best to do your research, compare, and evaluate multiple options before settling on one.
MyRacehorse Review: A Winning Platform for Passionate Horse Lovers and Owners!
As a passionate horse lover and owner, I must say that my experience with MyRacehorse has been nothing short of spectacular. I cannot begin to tell you how much joy and excitement my horses bring into my life, and watching them win races is truly a highlight for me. I simply cannot get enough of it!
What I appreciate especially about MyRacehorse is the resourcefulness and convenience they offer to horse owners and enthusiasts alike. The platform gives me the opportunity to become part-owner of some truly amazing racehorses, without having to break the bank. It's truly a win-win situation as I get to experience the thrill of ownership with only a fraction of the cost.
One of my favorite horses in the MyRacehorse stable is Chasing Time, who is set to participate in the highly anticipated Rebel stakes. 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.
Moreover, I must mention the touching story behind my ownership of Lane Way. When my father passed on, I was gripped with a deep sense of despair, but finding this beautiful racehorse named Lane Way provided a glimmer of hope. In memory of my father, I purchased shares in Lane Way and it remains one of my best decisions to date.
Overall, MyRacehorse is an excellent platform that provides horse owners with an opportunity to connect with their favorite animals and be part of a winning community. They have enabled me to experience the thrill of ownership, and I would highly recommend them to anyone who shares my passion for horses.
Review of MyRacehorse: Is it worth the investment for horse racing enthusiasts?
MyRacehorse (myracehorse.com) is an intriguing idea that may appeal to many individuals who have always dreamed of being involved in horse racing. However, from the perspective of someone who has owned, trained, and been directly involved with these magnificent equine athletes, I believe this concept is rather lackluster and it is almost impossible to get a return on investment.
One issue with MyRacehorse is that their events are essentially a lottery, with thousands of people attempting to participate, and little time to travel if you are ultimately included. Additionally, MyRacehorse takes a 10% cut from the earnings, following a similar 10% cut for the jockey and trainer, and some small incidentals. Consequently, you would need your horse to earn almost a million dollars to break even on the shares sold and the price paid.
Furthermore, as someone who is keen to be closely involved with my horse and trainer, it is frustrating that the chances of that happening are slim with MyRacehorse. On top of this, if your horse does not have the caliber of becoming a stakes winner, they will typically be dropped in a claiming race or have their career ended, even without being given a fair chance. Bearing this in mind, I know quite a few people in the industry who can provide a more personal and fulfilling experience elsewhere.
Ultimately, MyRacehorse is a profitable venture for Mrh, but if you can enjoy this experience, then it's up to you to decide. Nonetheless, if you intend to invest in horse racing, I would suggest exploring alternative avenues that offer a more personal, intimate, and fulfilling experience. While the draw of MyRacehorse can be compelling, it is not always the most rewarding venture for horse racing enthusiasts who seek a more personal engagement.
MyRacehorse: A Personal Journey to Happiness and Investment
As humans, we are constantly searching for happiness and contentment in our lives. This pursuit often leads us down many different paths, some of which are successful while others are not. I have been on this journey for nearly six decades and have finally stumbled upon something that truly brings me joy, pride, and a smile every single day: MyRacehorse.
While some may argue that money cannot buy happiness, the thrill of chasing the almighty dollar is undeniably captivating. However, there are no guarantees that we will achieve our desired outcomes. 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.
MyRacehorse allows me to invest in microshares in beautiful, magnificent, and competitive equine athletes. These animals become my babies, and checking on them every day brings me a wealth of happiness and joy. I am also part of the extended MRH family, which includes other individuals who share the same love and passion for these majestic creatures.
Even though I may never see a return on my investments, the opportunity to live vicariously through my horses and feel a part of the racing world has filled me with hope and personal positivity. Who knows, perhaps one day, I will find myself in the winner's circle, shoulder to shoulder with my MRH friends and family.
Everyone measures wealth in their way, and MyRacehorse has offered me an avenue to achieve my unique definition of happiness. I am grateful to MRH for bringing this option of personal positivity into my life, and it's something that I truly cherish. Thank you, MyRacehorse.
DeB Roppel
MyRaceHorse Review: An Unforgettable Ownership Experience From Derby-Winning Thoroughbreds to Future Income Potential
When I first stumbled upon MyRaceHorse, I was curious about what it would be like to own a high-priced thoroughbred racehorse. 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. But what's even more exciting is the potential for future income through stud fees. It's estimated that Authentic could bring in anywhere from $600 to $1,000 annually, which means that I could eventually see a positive return on my investment.
But it's not just the financial side of things that makes MyRaceHorse such a worthwhile venture. The daily updates and invitations to participate in on-track activities and farm visits have made this more than just a hobby - it's an experience. I've even found myself in the paddock with one of my horses, alongside their Hall of Fame trainer and jockey who were open and friendly.
One of the things I appreciate most about MyRaceHorse is their business model. They cover racing and training expenses through winnings deductions, rather than quarterly expense charges. And the payouts are immediate, so there are no additional expenses once you've made your initial investment. This means that even the "little guy" can now participate in the Sport of Kings and have access to quality offerings that they may not have been able to afford through a traditional partnership.
In summary, while I may not become wealthy from my investments with MyRaceHorse, I feel that they treat their investment partners exceptionally well. It's a class act, and a lot of fun to be a part of. I highly recommend giving it a try if you've ever been curious about horse ownership or the world of horseracing.
MyRacehorse.com Review: Experience the Thrill of Horse Racing Ownership from Home!
I have recently invested in MyRacehorse.com and I must say, it's an excellent system for anyone who loves horse racing and wants to have the thrill of owning a racehorse. 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. As a shareholder, you receive regular video updates and insights from the trainers and jockeys, keeping you updated about your horse's progress.
One of the best things about MyRacehorse.com is the payout system. The company covers all the reserves such as food and entry fees before allocating any winnings to the shareholders. Although this means that the payouts may not always be substantial, it's a fair and secure way of ensuring that the company remains transparent. 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.
I've found it incredibly exciting to watch my horse race - albeit online for the last 18 months due to the pandemic - and to cheer it on. There's something quite special about owning a racehorse, and the experience is unlike anything else. Moreover, the brief interviews with jockeys after the races are fascinating, as they provide an insight into the race from their perspective.
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. However, if your main goal is to participate in horse racing at a modest cost and have some fun, I would highly recommend MyRacehorse.com. It's an innovative platform that offers you the chance to experience horse racing in a unique and exciting way. It's definitely not a get-rich-quick scheme, but it's a lot of fun for those who love the thrill of the race.
MyRacehorse Review: Affordable Racehorse Ownership for Everyone
If you've ever dreamed of owning part of a racehorse but thought it was only for the elite, think again! MyRacehorse is changing the game by offering racehorse ownership to everyday people for as little as $100. And let me tell you, being part of the ownership experience is really something special.
Even wealthy owners sometimes have horses that need time off due to injuries or who don't meet expectations, so it comes with no guarantees. But MyRacehorse is upfront about all of this and there are no sneaky monthly fees after your initial investment.
Where else can you say you own part of a horse sired by a Triple Crown winner without completely breaking the bank? Sure, some people have complained about not making money, but let's be real, this isn't a business model for making quick cash.
The vast majority of racehorses, no matter who their owners are, just don't make money. So, with MyRacehorse, the real value lies in the ownership experience itself; the thrill of the races, the behind-the-scenes access, and interacting with your horse and jockey.
Now, let's talk about the racehorses themselves. My small budget has already netted me a graded stakes winner and a grade I stakes placed horse, which is beyond exciting! And, the team behind MyRacehorse is incredibly informative, patient, and helpful. Even the paperwork on their offerings is crystal clear, so there are no surprises.
While Authentic's shareholders may have faced some mixed results initially, the kickers promised in the paperwork were designed to protect former owners if he won big purses such as the Derby or Breeders' Cup. It's clear that the real value of Authentic lies in his breeding career, which I'm confident will benefit his shareholders in the long run.
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. And for that, I'll always be grateful.
MyRacehorse Review: Innovative Horse Racing Ownership with Poor Customer Service
MyRacehorse is a fantastic website that offers a novel way to own racehorses, called micro shares. 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. Owning shares in a racehorse partnership normally requires a significant investment and a commitment to paying maintenance expenses, but with MyRacehorse, you only pay the cost of ownership and two years of upkeep and training expenses for your horse.
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. I was drawn to their innovative business model, but what I didn't take into consideration was their apparent lack of customer service.
During a recent trip to the Saratoga Thoroughbred Racehorse summer meet, I called MyRacehorse to request a visit to one of my horses in her barn. 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. They were prepared to show me around and help me find the horse, but the MyRacehorse representative refused to give us any information.
In the past, traditional racehorse ownership syndicates have always been accommodating, allowing their clients to visit their horses up close and personal without issue. Unfortunately, MyRacehorse is lacking in this key area of customer service, making me question the investment I've made with them.
In the long run, it's vital for companies to provide excellent customer service, or they will surely pay the price in the marketplace. Although MyRacehorse offers an innovative way to get involved in horse racing, their lacking communication leaves me a bit hesitant to continue doing business with them.
MyRacehorse Complaints 12
MyRacehorse Review: Not Worth the Investment - Lost $161 on Every Share
So, I heard about this website called MyRacehorse and I decided to give it a try. I bought a share in a horse for $301, which seemed like a pretty good deal at the time. The horse ended up winning 4 out of 11 races, which was pretty cool. But then, the company decided to sell the horse at an auction. And guess what? On every share, I lost $161! That's a lot of money to lose, if you ask me.
I mean, I get it. Investing in horses is risky business. But this company is just taking your money and running. It's not really an investment at all. It's more like a donation. And let's be real, who wants to donate money to a company that's just going to take it and run?
So, if you're thinking about investing in MyRacehorse, I would think twice. Sure, it might seem like a good idea at first, but in the end, you're just going to end up losing money. And who wants that? Not me, that's for sure.
MyRacehorse Review: Mixed Experience with Fractional Ownership for Horse Racing Enthusiasts
As a passionate horse racing enthusiast, I decided to invest in fractional ownership through MyRacehorse and while my experience has been mixed, I am overall satisfied with the platform's services. Currently, I own a total of seven horses, with PowerUp Paytner being the only one who has raced. 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.
Unfortunately, it has been disappointing to see the lack of races for these horses, especially considering most of them are approaching the age of four (4) years old. 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.
Despite this, it is worth noting that MyRacehorse has been transparent about the process and potential setbacks with these investments. 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.
In conclusion, while there may be some concerns with the frequency of races for these horses, I still appreciate the love and personal interest that MyRacehorse has helped me cultivate for this beautiful sport. 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, it is important to go into this investment with a clear understanding that ROI is not guaranteed, and the pandemic has had its impact on horse racing as a whole.
MyRacehorse Review: A Disappointing Investment with No Control or Return
I gotta tell ya, I was pretty disappointed with MyRacehorse. 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. But man, was I wrong.
First of all, let me just say that if you're thinking about investing in MyRacehorse, don't do it. Seriously, just bet on horses instead. At least then you have a chance of winning some money back. With MyRacehorse, you're basically just throwing your money away.
I bought 10 shares for $750, which seemed like a pretty good deal at the time. But when the horse I invested in, Magical Ways, didn't win his first three races, they put him in a claim race. And wouldn't you know it, he won. But instead of celebrating, I was pretty ticked off. Because when a horse gets claimed, that means he gets sold. And I only got $24 back for my shares. What a ripoff!
And to make matters worse, I had no say in any of it. No voting, no nothing. They just did whatever they wanted with the horse, and I was left holding the bag. It's like they didn't care about the investors at all.
Honestly, I think you're better off just buying your own horse and paying a trainer. At least then you have some control over what happens. And if your horse wins, you can actually make some money back. With MyRacehorse, it's just a big gamble. And not a very good one at that.
So yeah, I wouldn't recommend MyRacehorse to anyone. It's just not worth it. Stick to betting on horses or investing your money elsewhere. Trust me, you'll be much happier in the long run.
Is MyRacehorse Legit?
MyRacehorse earns a trustworthiness rating of 91%
Highly recommended, but caution will not hurt.
MyRacehorse has received 8 positive reviews on our site. This is a good sign and indicates a safe and reliable experience for customers who choose to work with the company.
MyRacehorse has claimed the domain name for myracehorse.com for a long time, which suggests that the website is established and has a history of being in operation. This is a positive sign, as it indicates that the website has been around for a while and may have a reputation to maintain.
Myracehorse.com has a valid SSL certificate, which indicates that the website is secure and trustworthy. Look for the padlock icon in the browser and the "https" prefix in the URL to confirm that the website is using SSL.
Myracehorse.com has been deemed safe to visit, as it is protected by a cloud-based cybersecurity solution that uses the Domain Name System (DNS) to help protect networks from online threats.
The MyRacehorse website has a cookie consent banner indicating the use of cookies for data collection. Reviewing the privacy policy and terms of use is crucial to understanding how the data is used and ensuring compliance with regulations.
We looked up MyRacehorse and found that the website is receiving a high amount of traffic. This could be a sign of a popular and trustworthy website, but it is still important to exercise caution and verify the legitimacy of the site before sharing any personal or financial information
Myracehorse.com appears to have online shopping features, it's important to know that the platform supports an extensive range of payment methods, making it convenient and easy to complete your transaction. The payment procedure on the website is also relatively simple and straightforward, ensuring a smooth and hassle-free experience for buyers.
However ComplaintsBoard has detected that:
- While MyRacehorse has a high level of trust, our investigation has revealed that the company's complaint resolution process is inadequate and ineffective. As a result, only 0% of 12 complaints are resolved. The support team may have poor customer service skills, lack of training, or not be well-equipped to handle customer complaints.
- We have detected an internal review system on MyRacehorse's website, which can be a positive feature for customers looking to make informed decisions about the company's offerings. However, we recommend that you take the time to research the reviews and verify their authenticity before trusting them entirely
- We conducted a search on social media and found several negative reviews related to MyRacehorse. These reviews may indicate issues with the company's products, services, or customer support. It is important to thoroughly research the company and its offerings before making any purchases to avoid any potential risks.
MyRacehorse Review: Disappointing Business Practices and Unfair Treatment of Horses
I gotta say, I was pretty disappointed with MyRacehorse. I mean, they sold a horse that ended up winning multiple graded stakes races just because she didn't win fast enough at first. That's just not right. And when I tried to speak my mind about it in one of their groups, they blocked me! Can you believe that? I was just trying to express my opinion that they were setting us up for their own gain, and they couldn't handle it.
But here's the thing - we're the ones funding their business by buying shares in these horses. And what do they do with them? They drop them into claimers after using up their reserve for 25 grand. And they don't even own the majority of the horse! That's just not fair. I mean, I thought this was supposed to be for entertainment, but it's not very entertaining to spend a lot of money on a horse only to have it end up in a claiming race after just six months.
And it's not just me - way too many horses have been lost to small claiming races. Expensive ones, too. And they rarely own the majority of the horse. It's just not right.
Take the Future Starts Bundle, for example. It started with 14 horses, but within just eight months, eight of them were sold to claimers. That's more than half! And now, after 10 months, there are only two or three horses left in the bundle. That's just not a good track record.
Overall, I was really disappointed with MyRacehorse. I thought it would be a fun way to get involved in horse racing, but it just ended up being a big letdown.
MyRacehorse Review: A Fun Experience, But Not a Good Investment Opportunity
MyRacehorse is a platform that allows you to own a share of a racehorse. It's like being a part-owner of a horse without having to take care of it. 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.
I invested in three horses, which cost me a total of $450. I was hoping to make some money, but unfortunately, that didn't happen. One of the 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. It's like losing money at the casino. DO NOT USE THIS PLATFORM AS AN INVESTMENT. Your chances of winning a 10-to-1 bet are better than breaking even with MyRacehorse.
Overall, MyRacehorse is a fun experience, but don't expect to make any money from it. It's more like a hobby than an investment. If you're looking for a way to make money, this is not the platform for you. However, if you're looking for a fun and exciting way to be a part-owner of a racehorse, then MyRacehorse is definitely worth checking out. Just don't expect to get rich from it.
MyRacehorse: An Affordable and Exciting Way to Own a Share in a Racehorse and Join a Vibrant Horse Racing Community
As a passionate and enthusiastic horse lover, I have always dreamt of owning my own horse. However, due to various circumstances, my horses have had to endure some difficult times, such as being ill, injured, or going through the recuperation process. Needless to say, this has not been the kind of positive experience that I had hoped for.
But then, I discovered MyRacehorse, an online platform that allows people like me to own a share in a racehorse and have the thrill of watching it compete on the track. What's great about MyRacehorse is that they make it affordable to own a share in a racehorse and provide a variety of ownership options to choose from according to your budget.
Since becoming a member of MyRacehorse, I have had the opportunity to be part of a vibrant and exciting community of horse lovers who share my admiration and passion for these majestic creatures. The platform also provides exclusive access to behind the scenes content and updates about the horses, their training, and even their daily routines.
Furthermore, MyRacehorse has been a tremendous source of inspiration and motivation for me during challenging times as I have witnessed how hard-working, resilient, and passionate the trainers, jockeys, and staff are in making sure their horses are well-cared for, happy, and fit to compete on the track.
In conclusion, MyRacehorse has not only provided me the opportunity to own a share in a racehorse, but it has also allowed me to be part of a supportive and lively community that shares my love for horses. I highly recommend MyRacehorse to anyone looking for an affordable and exciting way to be part of the horse racing world.
MyRacehorse Review: A Shady Get-Rich-Quick Scheme Scamming Horse Racing Enthusiasts
Upon initial impression, MyRacehorse appeared to be a promising venture for anyone interested in the thrilling world of horse racing. However, upon further investigation and consideration, it quickly became clear that this company has a dark underbelly and is nothing more than a scam.
Numerous positive reviews have been circulating around the internet, but it is hard to believe that any of these reviews are genuine. 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. This may seem like a unique and exciting opportunity for novice horse racing enthusiasts, but in reality, it is nothing more than a guise for a shady get-rich-quick scheme.
The sad truth is that individuals who invest in MyRacehorse are unlikely to turn a profit. The company's odd purchasing and selling procedures make it almost impossible to compete with their predetermined payouts in any meaningful way. You are better off simply placing simple bets, as it will allow you to feel like you are more a part of the action and may actually stand a chance of seeing a return on your investment.
MyRacehorse's practices are not only flawed, but they are also unethical. They are taking advantage of individuals who are passionate about horse racing and using their love of the sport as a tool to profit. When all is said and done, the company is not investing in horses as they claim - they are simply manipulating the system to make a profit for themselves at the expense of others.
In short, MyRacehorse is a scam. Avoid investing in their fractional shares at all costs. Instead, focus on enjoying the sport for what it is - an exciting and unpredictable world of racing that offers ample opportunity for thrill and entertainment. 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.
MyRacehorse Review: High Fees and Lack of Transparency Make it a Challenging Platform to Use
MyRacehorse is a site that offers individuals the opportunity to invest in racehorses, but my experience has not been a good one and therefore I would not recommend investing in this platform. While the initial concept of investing in racehorses is an attractive one, the specific terms and conditions associated with investments in MyRacehorse made it very difficult for me to make a profitable return.
For starters, the fees associated with investing in a racehorse on this platform can be quite high and can eat away at any potential profits. Additionally, the platform requires a significant amount of investment capital just to purchase a share in a horse. 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.
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. This lack of predictability can be frustrating for investors who are looking for a more consistent return on their investment. It is also notable that investments may go on without a return for a long time with no clear indication on when investors can expect to receive a return on their investment.
Another issue I experienced while using this platform was that the communication and transparency from the team at MyRacehorse was lacking. There was little information provided to investors about the performance of the races and the horses they had invested in. This left me feeling disconnected from the investment, and I was unable to make informed decisions about my investment portfolio.
In conclusion, I cannot in good conscience recommend MyRacehorse as a platform to invest in. The fees and financial barriers to entry, coupled with the lack of transparency in terms of investment performance, have made it difficult to make a profitable return on my investment. 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.
MyRacehorse Withdrawal Delay Leaves Investor Frustrated and Disappointed
I recently had an unfortunate experience with MyRacehorse, an online platform that offers individuals the opportunity to own fractional shares in racehorses. As an investor, I had decided to withdraw a modest sum of $155.44 on March 9th of this year. Unfortunately, it has now been over three weeks since I initiated this withdrawal request, and I have yet to receive payment.
Feeling understandably frustrated and confused by this lack of follow-through, I have reached out to MyRacehorse customer service on three separate occasions. Despite my efforts, I still have no real indication of what could be causing the delay in payment. As a customer, I truly expected more transparency and accountability from MyRacehorse, and this experience has unfortunately left a sour taste in my mouth.
While I certainly appreciate the concept of MyRacehorse and the potential for investing in racehorses, this particular experience has not been a positive or rewarding one. 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.
MyRacehorse Review: Lack of Transparency and Disappointing Returns
It's disappointing to hear that many of those who have invested in MyRacehorse (myracehorse.com) haven't seen a profit. This sentiment seems to be shared among many in the community, as several people have reported not seeing the returns they were hoping for.
One individual even went as far as reaching out to MRH directly to ask about their financial standing but received no response. This lack of transparency is concerning, as investors have a right to know how their money is being used and whether or not the company is turning a profit.
Furthermore, the fact that the group's Facebook page blocked this person from making comments to those who responded to their statement seems to suggest that they aren't open to having these kinds of conversations.
It's difficult to recommend MyRacehorse as a sound investment opportunity when so many investors seem to be coming up short. Perhaps it's best to approach this investment with caution and a realistic understanding of the potential risks involved.
Mixed Experience with MyRacehorse: Caution Recommended for Potential Investors
My experience with MyRacehorse (myracehorse.com) has been quite frustrating to say the least. I purchased a few shares of a horse named Collusion Illusion last year, hoping to experience the thrill of horse racing and invest in a potentially successful horse.
Unfortunately, my hopes were quickly dashed as Collusion Illusion was kept from racing due to mental issues. When he finally did race, he finished dead last in a field of eight horses. Needless to say, I was disappointed in this outcome.
Adding to my frustration, I discovered that there didn't seem to be a clear provision for selling my shares. This left me feeling trapped and dissatisfied with my investment. As an investor, I would have appreciated a clearer understanding of what my options were for buying and selling shares.
However, I will say that my one positive experience with MyRacehorse was attending one of their events. The event was well-planned and offered a fun and engaging experience for attendees. I appreciated the opportunity to connect with other horse racing enthusiasts and learn more about the industry.
Overall, while my experience with MyRacehorse has been mixed, I would recommend caution to anyone considering investing in a horse through this platform. It's important to do your research and have a clear understanding of all the potential outcomes and options available to you as an investor.
MyRacehorse Review: Innovative Concept or Just Another Financial Disappointment?
As humans, we always want to ensure that our hard-earned money is well spent and invested in something worthwhile. However, MyRacehorse seems to have disappointed a few folks with their large "management" fees and perceived lack of return on investment. While the concept of owning a share of a racehorse and potentially having the thrill of seeing it run a few times a year might seem exciting, investors are left almost empty-handed when it comes to any profit made from the horse's success.
It is worth noting that one of their horses, Authentic, went on to achieve massive success, yet his investors received no financial reward for it. Hence, it is crucial to analyze and understand the potential outcomes before making a financial commitment to a horse through MyRacehorse.
On the flip side, the platform provides a unique opportunity for horse racing enthusiasts to get a feel of the industry and potentially become a more involved owner in the future. However, it is essential to be realistic about the investment and not solely rely on it for a financial return.
All in all, MyRacehorse is an innovative idea that can help bring horse racing closer to people who may not otherwise have the opportunity to invest in ownership. Still, as with any investment, it is vital to conduct thorough research and carefully evaluate the potential return on investment before committing any significant funds.
About MyRacehorse
One of the most impressive aspects of MyRacehorse is its transparency. You can easily view each horse’s pedigree, trainer, jockey, and race records, giving you full visibility into your investment. MyRacehorse will also provide you with regular updates on your horse's progress, so you can stay up-to-date on its progress and achievements.
Through MyRacehorse, you can invest in both thoroughbreds and standardbreds. The platform partners with some of the best trainers and breeders in the industry to offer high-quality horses that have a high potential for success. With a diverse range of horses to choose from, you can find one that suits your personal preferences and investment goals.
One of the unique benefits of owning a share of a racehorse through MyRacehorse is the opportunity to participate in exclusive events and experiences. As an owner, you’ll have access to the stables, training facilities, and races. Additionally, you’ll receive special invites to events, such as meet-and-greets with jockeys and trainers.
Overall, MyRacehorse is a groundbreaking platform that’s changing the game for racehorse ownership. It makes the sport more accessible and brings excitement and adventure to the lives of its investors. If you’ve ever wanted to experience the thrill of owning a racehorse, MyRacehorse is definitely worth checking out.
Overview of MyRacehorse complaint handling
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Checked and verified by Michael This contact information is personally checked and verified by the ComplaintsBoard representative. Learn moreMay 13, 2024
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