MyRacehorse and Monomoy Girl/Got Stormy

[Dahoss]

You really don’t see the problem?

[Merlinsky]

Originally Posted by Dahoss

You really don’t see the problem?

You're defining it as a problem. I'm arguing it's not. Nobody's plunking down $46 thinking their ship's coming in or they'll definitely get to go to the winner's circle unless they're not reading in which case I'd suggest doing that before spending money as a general rule.

Sure it's subsidizing the investment of the bigger owners. Big deal. They're the ones taking the risk by racing a very valuable mare another year. They get the pay out, and frankly it's fair that they do. In exchange for putting down very little, i.e. risking very little, you get to own a racehorse for a few months along with several thousand of your closest not-even-acquaintances.

[jms62]

And here I thought I was dumb for owning racehorses but at least I got a few checks every now and again to offset the losses.. Do these MYRacehorse folks have to sign that check every month for trainers fees? You know the one that constantly reminded me of how dumb I was.

[gamblin4ever]

Originally Posted by jms62

And here I thought I was dumb for owning racehorses but at least I got a few checks every now and again to offset the losses.. Do these MYRacehorse folks have to sign that check every month for trainers fees? You know the one that constantly reminded me of how dumb I was.

From what I read, it's one time investment per horse.

[Dahoss]

Originally Posted by Merlinsky

You're defining it as a problem. I'm arguing it's not. Nobody's plunking down $46 thinking their ship's coming in or they'll definitely get to go to the winner's circle unless they're not reading in which case I'd suggest doing that before spending money as a general rule.

Sure it's subsidizing the investment of the bigger owners. Big deal. They're the ones taking the risk by racing a very valuable mare another year. They get the pay out, and frankly it's fair that they do. In exchange for putting down very little, i.e. risking very little, you get to own a racehorse for a few months along with several thousand of your closest not-even-acquaintances.

The point is they don’t really own anything. They’d get more excitement betting $10 on the horse everytime it runs. At least then they actually have a chance of seeing something in return.

Sure it’s a small amount, but you’re better off sending that $50 to a horse charity than into the hands of rich owners who are just preying on people who don’t know better.

[freddymo]

Originally Posted by Dahoss

The point is they don’t really own anything.

Exactly... the fraud is clear. They own nothing and are being lied to.

[jms62]

Originally Posted by Dahoss

The point is they don’t really own anything. They’d get more excitement betting $10 on the horse everytime it runs. At least then they actually have a chance of seeing something in return.

Sure it’s a small amount, but you’re better off sending that $50 to a horse charity than into the hands of rich owners who are just preying on people who don’t know better.