Marcello R.

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.