In just the third race, Madge, a horse named Madge, challenged the odds and took the win, according to The Athletic. Interestingly, the owner of the horse is a community of horse racing enthusiasts who offer to buy shares for as little as $50. And in Commonwealth practice there were 391 such owners who bought partial ownership of a horse.
According to Darren Rovell of Action Network, shareholders own about 25% of the shares in the racehorse. After Meij wins, they will receive a pre-tax payment of $94.52 per share.
Source: Ferra
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