Seabiscuit. Secretariat. Seattle Slew.
They weren’t just great racehorses. They were great investments.
The thing is, thoroughbreds are wildly expensive.
That’s why, historically, only millionaires could invest in them — and only millionaires could enjoy all the excitement and potential profits that go along with owning them.
But not anymore…
And They’re Off!
Horse racing is one of the oldest sports in the world.
It likely dates back to the Olympic Games in Greece, around 700 B.C., where jockeys would ride in chariots pulled by horses.
Then came Harness Racing, where horses would pull a two-wheeled cart called a sulky.
And then came its current incarnation, Flat Racing, where horses run around a track, generally with a jockey astride them.
By the mid-1600s, Charles II of England had established formal rules for racing. And perhaps more importantly, he started rewarding the winners with prizes.
Today, horse racing is an enormously popular pastime. It offers fast-paced action, socializing, cocktails — and of course, betting.
And given that so many millions of dollars are involved, it’s not surprising that some folks have decided to turn it into a business…
Introducing: MyRacehorse
MyRacehorse offers a way to invest as little as $50 into high-potential racehorses.
For example, here’s Balletic:
As you can, Balletic was sired by Mischief, billed here as “the industry’s most in demand stallion.” Make sense: Mischief’s progeny have earned over $100 million.
Furthermore, Balletic will be trained by Hall of Fame trainer Todd Pletcher.
For as little as $80, you can own one “share” of her. This gives you the legal right to your pro-rata share of her future winnings and breeding fees, and might also include perks like box seats to races, and invitations to workout sessions. (Here’s a video that shows what to expect when seeing your horse in person.)
Furthermore, to help you sleep easy at night, the upfront share price includes all future expenses, which include vet fees, training, and insurance.
How You (Potentially) Make Money
When you make an investment on MyRacehorse, you’re buying shares in a corporation that’s been specifically set up for the horse you invest in.
If the horse turns into a money maker — after all the expenses, plus MyRacehorses’ 15% diligence fee and 10% of gross earnings — you earn your share of the profits.
If the horse you invest in turns into the next Seabiscuit, you could make a bundle.
But as you can imagine, there’s no guarantee your horse will turn out to be a winner. As MyRacehorses discloses in its FAQs:
“Most investments lose money, some break even, a few are profitable, and a select few are extremely profitable. We are here to provide a marketplace to make investing safe, secure and fun, but we are not removing the risk from racehorse ownership.”
Investor Beware!
In other words, investor beware!
So don’t invest more than you can afford to lose here, and be sure to dip your toe into the water before diving in.
But if you’re looking to add some alternative investments to your portfolio — some assets than can zig even if the stock market zags — thoroughbreds could be an exciting place to start.
To explore MyRacehorse, just click here »
Happy Investing.
Please note: Crowdability has no relationship with any of the startups or investment platforms we write about. We’re an independent provider of education and research on startups and alternative investments.
Best Regards,
Founder
Crowdability.com
