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MyRacehorse

How would you rate MyRacehorse?
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Nebraska
3 reviews
4 helpful votes
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BAD INVESTMENT
April 7, 2025

MyRacehorse is a scam and you will not get paid for any funds your horse 🐎 generates. In addition, they have a lottery of who can attend the race your horse is entered in. My Racehorse, Trainers and Jockeys are the only money makers of your investment. MyRacehorse is a Ponzi Scheme.

Date of experience: April 7, 2025
GB
1 review
2 helpful votes
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My race horse
January 29, 2025

Cannot withdraw money from my account after significant loss horse was sold after winning and looking promising - numerous emails have been sent with no response whatsoever

Date of experience: January 29, 2025
Texas
1 review
0 helpful votes
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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.

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Date of experience: August 7, 2023
Kentucky
1 review
1 helpful vote
Follow Paige A.
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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.

Date of experience: May 19, 2023
MyRacehorse M. MyRacehorse Rep
over a year old

Thanks, Paige we love to hear that our owners are enjoying the experience! We are always looking for ways to improve and appreciate your comments.

Illinois
1 review
2 helpful votes
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For the experience
February 8, 2024

Too many people think that anything short of a Derby winner is a failure. Or their upset with management fees and so on... Look, you are buying a small share of a horse that 99.9% of can't afford trained by the country's leading trainers. It's an experience to get at a small cost and a chance for those who wanted to own to get to know the business better. Experience watching your horse race, maybe attend a live race and with luck get your picture taken. And in a few cases, make a few bucks. With a one time cost that includes all bills, you don't need to worry about the extra expenses. Just relax, and have some fun. But this is a racehorse and they cost a lot of money in upkeep. If you are looking for a pet, get a dog!

Date of experience: February 6, 2024
Maryland
1 review
1 helpful vote
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Misleading
September 29, 2023

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.

Date of experience: September 29, 2023
South Carolina
1 review
4 helpful votes
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Love My Racehorse
April 24, 2023

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.

Date of experience: April 22, 2023
Florida
1 review
4 helpful votes
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Money pit
January 27, 2024

I gave it 2 stars because if you are a fan you can at least get the feeling of owning a racehorse. They are good with updates and videos which is fun to watch and read. The bad? They get injured all the time. One horse I bought into ran one race, got injured, and retired. Money down the drain. I have 4 more and all have been injured for many months at a time. Because of this they incur expenses and use up their money reserve. By the time they race you get $0 even if they win. Myracehorse makes money but you will never come close to breaking even. If you like updates and want to cheer a horse then go ahead and pay the $100 or whatever it is. Just do not expect to see the money again.

Date of experience: January 27, 2024
Texas
1 review
11 helpful votes
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Scammers
May 4, 2023

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.

Date of experience: May 4, 2023
California
1 review
4 helpful votes
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You will never get your investment back
November 18, 2022

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.

Date of experience: November 18, 2022
Tennessee
1 review
5 helpful votes
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Myracehorse.com
April 21, 2023

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...

Date of experience: April 21, 2023
California
1 review
10 helpful votes
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Missing Payouts
January 30, 2023

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.

Date of experience: January 30, 2023
Massachusetts
1 review
9 helpful votes
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Scammers
January 7, 2023

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.

Date of experience: January 7, 2023
Florida
1 review
6 helpful votes
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Lots of fun!
March 16, 2022

I own one micro-share in 8 different horses. I have gotten a little $ back but nowhere near equal to what I paid, and that's ok. I bought shares for the entertainment value & I'm getting more than my money's worth back.

Date of experience: March 15, 2022
New York
1 review
16 helpful votes
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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.

Date of experience: April 14, 2022
Massachusetts
2 reviews
2 helpful votes
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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.

Date of experience: October 8, 2022
Pennsylvania
3 reviews
6 helpful votes
Follow Tara W.
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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

Date of experience: May 9, 2023
MyRacehorse M. MyRacehorse Rep
over a year old

Hi Tara, we're sorry your horse's journey did not go as you envisioned. We are committed to doing what is best for the horse and sometimes that involves surface changes, trainer changes, equipment changes, time off, etc. We often start off with high hopes and dreams for each of our horses, and it's common to have to adjust our expectations and plans as they progress through training and begin to tell us what they are capable of and what they need. With regard to saving memories, may we ask if you've downloaded the MyRacehorse app? There is a great sharing feature on every owner update post that allows you to save posts to your notes or text or share them on social media. With regard to the quality of our trainers, we are honored to partner with many hall of famers including Todd Pletcher, Steve Asmussen, Richard Mandella and more. We'll certainly keep Shug on our minds for a future acquisition he's also extremely talented. We are always looking for ways to improve the owner experience and appreciate your feedback!

California
1 review
17 helpful votes
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Save your money
December 31, 2021

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.

Date of experience: December 31, 2021
GB
1 review
2 helpful votes
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Dreadful Experience
January 12, 2024

I have had a few small shares in horses and would recommend the experience to others - BUT NOT WITH THESE GUYS. I'd not go so far as to say its a scam, but it's not what it seems at first sight and I'd never invest a bean with them again. I invested over £100 in a horse which didn't set the world on fire but was placed in many of its races. The investment was based upon it being a one off payment for the horses racing life at a top UK yard.
It was moved to another yard within 6 months and despite doing well at the new yard was sold for about a tenth of its initial cost within 18 months of me buying my share.
That was over 3 months ago and I still haven't seen a penny of the money they got from the sale. And they don't reply to my emails.
THE LESSON OF THIS TALE FOR ME IS THAT THESE PEOPLE AREN'T CLOSE TO OTHER SYNDICATES OUT THERE.
As they say buyer beware!

Date of experience: January 12, 2024
Texas
1 review
6 helpful votes
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Can you SELL your shares?
February 10, 2022

I bought a few shares of a horse (Collusion Illusion) last year. So far he's been a bust. Kept from racing for "mental issues," and when he went back managed 8th place out of 8. I want to sell my shares but there doesn't seem to be a provision for it!

I'm not happy. 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.

Date of experience: February 10, 2022

Overview

MyRacehorse has a rating of 1.8 stars from 47 reviews, indicating that most customers are generally dissatisfied with their purchases. MyRacehorse ranks 35th among Horseback Riding sites.

service
24
value
23
shipping
8
returns
9
quality
19
This company does not typically respond to reviews
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