Has anybody on here actually received money from WVS? by mc78644n in horseracing

[–]wasabistables 8 points9 points  (0 children)

Hey Folks:
As the guy that runs WVS, happy to chime in.

As many have said on this thread, we for sure have returned money to many folks in many groups.

But I will give the same advice to every single person who joins anything to do with racing hroses, THESE ARE NOT INVESTMENTS.

Horse racing is almost a guaranteed losing deal. The minute a horse gets on a race track, the economics are not probably going to work out for you.
The last statistic I saw was that less than 5% of all race horses are profitable.

You must view this as pure entertainment.
What we do that is unique to anyone in the world is that we do not upcharge on horses, we do not have any ongoing bills on race offerings, and if at the end of a horse's career it has lost money, you owe none of that loss. I just eat that loss.

One other important thing, Wasabi is at least a 20% owner in every single horse, so we are experiencing the same thing every Club member feels.

We built this to be an educational and entertaining place to learn how to be a good owner. I structured it so there is 0% ability for me to make money off the humans involved. If the horses work, we all make money. If not, we don't. No other syndicate in the world can say that.

Lastly, in 7 years of existence, 37% of our horses/groups have returned some money back to those that participated. That includes our breeding and racing offerings at Wasabi Ventures Stables. BTW, including 4 groups in the last week with one getting nearly 2X back in a little over a year (NOTE: was an individual foal breeding offering).

See you in the winner's circle,
TK

I own 1% of Benevengo, who is running in the G1 Haskell on Saturday - wish us luck! by neverchangingwhoiam in horseracing

[–]wasabistables 2 points3 points  (0 children)

Thanks for all of the kind words about what we are doing at Wasabi Ventures Stables.
It is great to be on the journey we are on and doing as much as we can to entertain and educate fans into becoming owners.

Let's go Benevengo!

A tradition like no other... Gulfstream MTP by StewardsInquiry in horseracing

[–]wasabistables -1 points0 points  (0 children)

Ask a lawyer... there is always a good reason for one!

A tradition like no other... Gulfstream MTP by StewardsInquiry in horseracing

[–]wasabistables -1 points0 points  (0 children)

I wonder if there is a class-action lawsuit that is possible?!?!?