So you watched the Melbourne Cup and drunkenly decided that you could buy a thoroughbred and race that horse to glory, then googled the costs and effort involved before abandoning the idea altogether and returning to your 6th glass of champers. Traditionally punters would have to fork out thousands of dollars to secure shares in a racehorse, making it out of reach for most of us, but those who remembered the dream long after sobering up should check out miRunners, an app that now allows you to share in the ownership of a racehorse and potential winnings for a fraction of the cost.
Here’s how it works. At each major yearling sale, a number of top trainers will partner with miRunners to raise the money required for the purchase of a thoroughbred. Each trainer will set the amount of money they are going to raise and that amount is divided into 1000 equal units which are then available for sale on miRunners. When sufficient funds have been raised, the trainer’s purchase will progress. MiRunners targets the major sale events such as Magic Millions to lock in the horses with real potential.
Just browse the miRunners app and select your trainer, purchase your units and pay a $10 monthly fee to cover the operation of the miRunners platform and training costs and expenses of your thoroughbred. Congratulations you are now part owner of a racehorse. 100% of the raised funds are spent on the horse, and monthly training fees are shared evenly among owners.
During the horses initial training, you can become involved in its breaking and naming, even have a say in its racing colours. Expect regular video, voice and text updates on your horse via the app. Once your horse begins competing, you will be able to enjoy many owner benefits such as race day passes, memorabilia and best of all, a share of the winnings. All net prize money won by your miRunners horse will be distributed evenly between owners. At the conclusion of its racing career, the horse will be sold, and the net proceeds will also be evenly distributed. You will be with that horse for every step of its career.
The miRunners app situates all of your horse’s info and industry news in one convenient location. Push notifications can keep you updated on race times and your horse’s fixed odds. All the info you could want on the horse, trainer and stable are in the palm of your hand to share with friends and family. Download the free app for iOS to get started. Android users can check out a mobile-optimised version of the miRunners website.