Frequently Asked Questions
The Basics
Elite horse racing ownership at an affordable price. MyRacehorse buys into horses across the country and offers fans the chance to own units in a managed investment scheme that owns, trains and manages the horse. MyRacehorse promotes ASIC compliant Managed Investment Schemes.
An unlisted unit trust which is registered with ASIC and accepts money from different Investors which is pooled and collectively used to; acquire & campaign the horse, and cover specific fees associated with the operation and management of the scheme. The Constitution and the Compliance Plan which detail how the scheme will be operated and monitored, have been lodged with ASIC.
What we refer to as “micro-shares” are actually units in a managed investment scheme that owns the horse. We do this because in standard horse ownership there is a limit of up to 20 shares, where 1 share is equal to 5% of the horse (per the Australian Rules of Racing). Through the creation of managed investment schemes, MyRacehorse is able to divide this even further and offer micro-shares that represent an interest in the horse at a smaller level such as 0.025%, 0.01% and 0.001% per micro-share.
No, our ownership percentage varies in all horses. On the “Buy” page you will be able to see our ownership partner (i.e Spendthrift) as well as the MyRacehorse stake in “Valuation”.
If we own 60% of a horse we offer 6,000 micro-shares at a value of 0.01%. So, whether we own 100%, 60% or even 10% of a horse – each micro-share is the same 0.01% percentage of the overall ownership interest.
AFFORDABLE OWNERSHIP
You don’t have to break the bank to experience racing at the elite level with our Micro-Share ownership model. Buy in from at a lower ownership percentage and be involved in the MyRacehorse journey.
ELITE HORSES
Our ambition is for you to experience the thrill of racing at the elite level. We focus on acquiring elite bloodstock to maximise our chances of finding a winner.
NO ONGOING MONTHLY LEVIES
Say goodbye to recurring training and vet fees. Pay one upfront fee and that’s it!
GREAT MATES & OWNING EXPERIENCE
At our core – we love racing! MyRacehorse is building a community of passionate owners, providing members with access to ongoing events, exclusive content and hopefully some racetrack success along the way.
You own part of a horse! You will get to follow its progress as it makes its way from the paddock to the track, with quality updates from trainers, breeders, form analysts and more about how your horse is going. There will also be plenty of events where you’ll hear from the experts firsthand, mingle with other owners and most importantly, watch your horse run. You will also be entitled to a proportionate share of any prize money and sale proceeds from your horse.
We aim to provide as much transparency as possible, so we make it easy for you to see where your dollars are going. Part of the one-off fee does include pre-paid expenses. Our Micro-Share prices are a calculation based on a number of factors including (but not limited to); horse acquisition cost, bloodstock fee, management fee, insurance, training and vet expenses for the duration of the horse’s expected racing career. To assist with comprehension you can view a real life example for Rock Chant here, where Micro-Shares were priced at $70 for 0.01%.
Our priority is always to ensure the best possible experience for our owners through elite horses, insider access and great events. To deliver this, there are a number of key elements of the pricing model: 1) the upfront Micro-Share price includes a Management fee (15% of final price) and a Bloodstock fee (5% of horse acquisition price) payable to MyRacehorse. 2) MyRacehorse is responsible for all of the ongoing horse expenses beyond the initial purchase price, and has the right to offset this against any prizemoney the horse earns. 3) MyRacehorse receives a performance fee of 7.5% of any prize money (only after any expenses have been offset) and 12.5% of any eventual sale price/breeding revenue post-racing.
Overall, we want all of our owners to get that winning feeling. Our intention is to find elite horses who can win enough prizemoney to cover their own ongoing expenses and more, so that when our horses win – we all win. MyRacehorse covers the ongoing expenses of any horses that don’t reach that level of success.
Race Day
Race day ticketing and mounting yard access is limited, however we work closely with race clubs to accommodate as many owners as possible and will run ballots if numbers are limited. Where owners are unable to be accommodated we will organize offsite events so we can enjoy the thrills of racing together.
We try to have as many of our horses as possible race in MyRacehorse colours. In the instance that we own a share in a horse with another breeder/owner we may take on their colours.
When our horses win, we provide customers with links to purchase a framed photo of our runner
Currently there are no guaranteed discounts at race clubs. This is something the team are working on as the brand establishes it’s offering in the Australian market.
Our Horses
We have a number of avenues for acquiring horses. Commonly, we attend the best yearling sales across the country, or we may look at private agreements with acquiring bloodstock from only the most respected and trusted breeders. Our horses undergo a highly scrutinized vet check and x-ray procedure before being offered to our customers. Additionally, we hire bloodstock agents to analyse pedigree and horse conformation before purchasing. We leverage a range of bloodstock and veterinary experts to assess every horse before we buy them and offer to owners.
Unfortunately, racing is a great game with no guarantees, so we can’t promise anything on the racetrack. However, we work with the industry’s best and carry out as much due diligence prior to purchasing as possible. We also send our horses to the best trainers in the country to give them the best chance to fulfill their potential. What we can guarantee is that you’ll be part of a thriving owner community and be able to follow your horse’s progress with expert analysis every step of the way.
The standard MyRacehorse Micro-Share represents 0.01% of a horse, and is the minimum amount you can purchase. Currently, you can buy as many Micro-Shares in a horse as you like.
MyRacehorse consults with the experts to determine the best possible course of action throughout the horse’s career. If a horse is going to be sold, we are committed to finding the best possible deal for owners and we are transparent with our decision-making. Owners will receive a proportionate share of any net sale proceeds based on their ownership percentage. MyRacehorse receives a 12.5% performance fee from any sale price.
You always retain your Micro-Share in the horse unless it is sold, in which case you receive your Micro-Share of the sale price. In the case of stallion prospects, if we decide the best return for owners may be achieved by retaining their Micro-Share(s) in the horse, your investment may be held and potential returns experienced over a longer term.
MyRacehorse is committed to partnering with the leading Animal Welfare agencies to ensure the safe transition, placement, and retraining of horses once retiring from the racetrack. Some second career examples include eventing, hunter/jumper disciplines, dressage or trail riding. Depending on what is best for the horse, MyRacehorse seeks the appropriate partner that will put the same attention to the horse’s next career as we have to the horse’s career on the racetrack.
Where MyRacehorse owns a large enough share of the horse to do so, we will follow a democratic process to help owners name the horse. Owners will be able to suggest and vote for their favourite names, which will result in the horse being named (at the discretion of MyRacehorse).
All our owners have great access to horses whether you own 0.01% or 50% of a horse. Your potential share of ownership entitlements (such as mounting yard passes) does increase with the number of Micro-Shares you own, and any owners with Micro-shares that are equivalent to a 5% or greater share in a horse will receive guaranteed owners privileges where available.
As many horses as you like that are available and listed on MyRacehorse.com
MyRacehorse only works with the best trainers to deliver our promise of elite horses, exclusive content and insider access. We are proud to work with some of Australia’s leading trainers to ensure our horses reach their full potential on the racetrack.
Every horse listed contains a Product Disclosure Statement (PDS). The PDS contains further details about MyRacehorse and its operation, simply visit a horses “Buy” page and view the “Legal” section for further information.
Send us an email: ausupport@myracehorse.com and we will endeavour to respond within 24 hours.
Purchasing & Gifting
The process is broken into three key steps:
1. Create an Account
2. Select your horse
3. Proceed to payment
1. Create an Account
https://myracehorse.com/app/registration
- Click the above link, and answer the following:
- - First Name, Last Name, Email address and then add a password
- Your account will then be created
2. Select Your Horse
Step 1 – Select your horse by clicking VIEW on the horse you wish to purchase.
Step 2 – Select the number of shares you’re after using the + or - Buttons next to the price, or enter the amount of shares in the number section.
Step 3 – Once you have settled on your quantity click “Buy Now”.
Step 4 - You will need to accept the T&Cs and then be redirected to your cart.
3. Proceed to Payment
Step 1 – Shopping Cart: If you have a gift card or coupon code, enter it under "Coupon Codes" and then click apply coupon. Review your purchase and click proceed to checkout.
Step 2 - Fill out the payment information required, billing address and card details, confirm and process payment.
There are two methods we recommend for gift giving:
Gift Card
The quickest way to do this would be to purchase a gift card (link below) to whatever value you would like and then the person receiving the gift would use the code to purchase a share. There is no expiration on our gift cards.
View Gift Cards
Share Transfer Request
An alternative method (it takes a little longer from a processing perspective) is a share transfer, where you could buy a share from your account to then transfer to the recipient.
Once you have presented the gift, you would need the recipient to set up their own MyRacehorse account and then send us an email with the following details to process the transfer:
• Name of recipient
• Email of recipient
• Share/s to transfer
Following this we will need to email the recipient with some questions to complete the transfer.
Prizemoney and Sale Fees
Yes! The percentage you own is the percentage you are entitled to. When a horse wins prizemoney there are mandatory racing deductions applied (trainer 10%, Jockey 5%) and each jurisdiction then has varied deductions of prizemoney that go back to the industry, welfare etc.
Once all mandatory deductions are removed, MyRacehorse will then receive a 7.5% performance fee on what is remaining. We are then left with the Net Prizemoney for owner distribution, if you own 0.01%, you will receive 0.01% of this pot, if you own a bigger stake i.e 1%, then you will receive 1% of the Net Prizemoney pot, and so on.
Once MyRacehorse receives the prizemoney total from the governing racing body, the funds are distributed into each account holders MyRacehorse wallet, pro-rata to the percentage of the horse they own (as described above).
This process is dependent on the governing racing body, and generally takes 4 – 6 weeks.
Login to your account (either via your mobile app or web browser).
Head to My Account.
Select 'Wallet'
Yes! Once you have $50 or more in your account you will have the ability to withdraw your funds into your nominated Australian Bank Account.
Withdrawal under $50 will incur transaction fees, please e-mail ausupport@myracehorse.com to organise withdrawals of under $50.
For more information surrounding the use of your MyRacehorse Wallet, click here.
Yes! Check out the MyRacehorse Wallet Tutorial page for how to apply your Wallet credits to your next Group 1 Champion!
Yes! The percentage you own is the percentage you are entitled to.
When a horse is sold (i.e goes to stud) trainer/agent deductions are applied at varied rates per stable.
Once all mandatory deductions are removed, MyRacehorse will then receive a 12.5% performance fee on what is remaining. We are then left with the Net Prizemoney for owner distribution, if you own 0.01%, you will receive 0.01% of this pot, if you own a bigger stake i.e 1%, then you will receive 1% of the Net Prizemoney pot, and so on.
Once MyRacehorse receives the sale funds from the relevant vendor, the funds are distributed into each account holders MyRacehorse Wallet, pro-rata to the percentage of the horse they own (as described above).
This process is variable due to the varied nature of the sale. Rest assured, if you are in this position, MyRacehorse will keep you well informed along the journey.
Using MyRacehorse
Step 1 - First, head to the BUY page on the MyRacehorse website. Select the horse you would like to purchase by clicking VIEW.
Make sure you're logged in: https://myracehorse.com/app/buy
Step 2 - Select the amount of shares you would like to purchase and then click BUY.
Step 3 - You will need to accept the T&Cs and then be redirected to your cart.
Step 4 – Shopping Cart: Enter gift card code under 'Coupon Codes' and click 'Apply Coupon'. Review your purchase and click proceed to checkout.
Step 5 - Fill out the payment information required, billing address and card details, confirm and process payment.
Go to MY HORSES while logged in:
• Select your horse
• Click: COA
• Click: Download
There are two options for checking horse progress. You can either view the updates for all your horses in one place, or look for updates on a specific horse you own.
All your updates in one place
- On mobile, select FEED at the bottom of your page
- On computer, select UPDATES at the top of the page
Specific horse updates
- Select My Horses
- Select the horse’s updates you would like to view
While logged in, head to NOTIFICATION SETTINGS (also available from the ACCOUNT section while logged in).
From there, you can select what you would like to receive via push notification and email.
If you are still not receiving push notifications and you would like to, double check your phones notification settings.
My Racehorse No. 1 ARSN 646 771 262, promoted by MyRacehorse Pty Ltd AFSR 001284902.
Investments of this nature are speculative. Refer to the relevant PDS before investing.