Enigma Racing | Shared Racehorse Ownership

Over 260 winners flat & jumps

Low cost racehorse shares
Cheap racehorse shares
Available shares

The best horse racing syndicate

Won 16 Group / Listed races

Won Premio Jockey Club Gr1

Won Prix Robert Papin Gr2

2nd Ladbrokes St Leger Gr1

Winners at meetings: Craven, Chester May, Derby, July, Glorious Goodwood, Ayr Gold Cup & St Leger

Placed at Royal Ascot, Cheltenham & Aintree festivals

STOP PRESS - 2021:

Marie's Rock 3rd, Grade 2 Yorkshire Rose Hurdle

Fiveandtwenty wins, Scottish Triumph Hurdle

Fiveandtwenty, 3rd Aintree Juvenile Hurdle Grade 1

Oscula wins Woodcote Stakes, Derby meeting

Oscula 3rd Albany Stakes Group 3, Royal Ascot

Hellomydarlin 3rd Prix Robert Papin Group 2, Chantilly

Magical Wish wins World Pool Hcp, Glorious Goodwood

Oscula wins Prix Six Perfections Group 3, Deauville

Oscula 3rd Prix du Calvados Group 2, Chantilly

Oscula 3rd Rockfel Stakes Group 2, Newmarket

Guilded 4th Cheveley Park Stakes Group 1, Newmarket

Oscula 3rd Prix Marcel Boussac Group 1, Longchamp

Guilded 3rd Cornwallis Stakes Group 3, Newmarket

Honey Sweet wins Prix Zeddaan Listed, Deauville

We currently manage shares in over 75 horses, flat and jumps


ENIGMA is a forum-based community devoted to horse racing.

In partnership with Middleham Park & Nick Bradley Racing, we offer the UK's most exciting low-cost racehorse share ownership scheme.

In 2013, our members purchased a stake in 2 yearlings with Richard Hannon. Our first runners appeared in 2014. Two years later we finished 2nd in the St Leger.

ENIGMA owners come from all walks of life; from electricians to lawyers to people in retirement. From ladies who ride and keep horses, to folk who simply love horseracing and enjoy an educated bet.

Affordable racehorse ownership

We typically purchase 2.5% to 5% per horse, split between 12 to 25 people - each share represents an interest of roughly 0.20% (1/5th of 1%).

However, as only a small amount of the overall horse is divided this way - unlike other low-cost share schemes, in total you become 1 of around only 30 to 40 owners in each horse.

So, yard visits are more exclusive and badges to go racing much more readily available for the majority of meetings, without a ballot.

Shares start from around £120 + annual ENIGMA membership, and include all upkeep for the first season.

Thereafter, we top up the training fees kitty once a year, aprox. £95 per share - less prize money earnings.

Build a stable

At these prices you can live the dream of building your own a string of racehorses.

Many of our members go on to assemble a fabulous stable of shares for year round action.

ENIGMA membership

The shares are only available to members of the ENIGMA horseracing forum.

Annual membership is £79.99 by direct debit, or £84.99 by card / PayPal.

The bloodstock

Sourced from the top sales in Europe, purchases are typically in the price range of £10,000 to £175,000.

The scheme runs in close partnership with Middleham Park and Nick Bradley Racing and offers true ownership.

Unlike some affordable racehorse share schemes we always own the bloodstock - we never just lease.

So, in addition to prize money, ENIGMA owners always receive a full share of any sale proceeds.

Available shares
Hall of Fame
Further details / FAQs


GB Flat: R Hannon, M Johnston, Sir M Prescott, G Boughey, K Ryan, K Burke, C Cox, D O'Meara, M Bell, R Fahey, H Palmer, R Cowell, K Dalgleish, C Fellowes, M Botti, A Haynes, N Tinkler, W Knight, Grant Tuer & Roger Fell

International Flat: Joseph O'Brien (IRE), Jessica Harrington (IRE), Johnny Murtagh (IRE), Simone Brogi (FR), Jerome Raynier (FR)

National Hunt: Paul Nicholls, Nicky Henderson, David Pipe, Donald McCain & Ben Pauling

"A very big thank you for the open morning at Richard Hannon's ...this was our first experience with Enigma and to say it was a big success would be an understatement..."

"...to get these results is some accomplishment. My grateful thanks from a nobody in Devon, because all my impossible teenage dreams are now being realised."

"I thought the Hamdan runners would swallow him up and then he just accelerated and stretched away. This Enigma Racing lark, just gets better and better...."


Q: How much is annual ENIGMA membership? £79.99 by direct debit, or £84.99 by card / PayPal.

Q: Can I buy a share without being an ENIGMA member? No - the share scheme is only open to members of the ENIGMA racing forum.

Members have the pick of every new horse that comes in - most sell out within a matter of hours.

Become an ENIGMA member (CLICK HERE)

Q: How are you able to run affordable horse racing syndicates? ENIGMA members access the scheme thanks to a close relationship with the owners of Middleham Park & Nick Bradley Racing. It's proved a great success and continues to grow.

Q: Is there a monthly payment for training fees? The share price includes all training fees for the current season - we just top up the kitty annually thereafter, which typically costs between £80 and £105 per share.

Q: Can I visit the yard? You will be invited to several yard visits each year, often with food and refreshments supplied. A warm welcome awaits!

Q: How do I apply for an Owners' & Trainers' badge? You just email for badges. Some badges will be free, others paid for on collection at cost price (the free ones are allocated randomly).

Q: Am I guaranteed an O&T badge? Each racecourse has a different policy, however it's rare that our owners can't get the badges they want. If necessary, the racecoure will issue members' badges (ie no parade ring access), to get everyone in.

Q: How do I receive prize money? All owners receive an annual prize money statement. We either transfer funds to you or deduct it from the next annual upkeep bill (whichever makes sense).

For very big wins we can request an early statement to enable a quicker pay-out.

Q: What happens if a horse is sold? As soon as funds arrive we prepare a final statement and issue this together with your share. These sums can be surprisingly good - we've been involved in numerous horses that made 6-figure values.

Q: How long is my commitment? The shares are designed to be held for the life of the syndicate. We invariably give flat horses 2 seasons to prove themselves while the jumpers can go on to around age 10 - provided they are worth keeping.

Q: What if I want to stop early? Shares must be held for a minimum of 12 months. After that you can resign if you wish and walk away. Some members find this useful when a syndicate votes to continue but personally they would rather not.

Q: How do I receive news and updates? ENIGMA is a forum-based community. We set up a thread for each horse where all updates, news, entries, decs, photos and videos are posted. Owners subscribe to the thread to receive an automated email with each new post.

Q: Are there any extra costs? The upkeep we pay includes all training, vetting and normal costs of racing. The only common extras are race entry fees and horse transport when racing outside GB - although invariably these are just deducted from prize money earnings.

Q: Is there anything else I should know? Our low-cost racehorse ownership system is so popular we now manage shares in over 50 horses, flat and jumps. We also have over fifty 5-star reviews on Google (just Google 'Enigma Racing').

If there is anything else you would like to ask, we would be delighted to hear from you (CONTACT US HERE)

Available shares
Hall of Fame