Affordable racehorse ownership

Big thrills...

...small bills


ENIGMA is a private members' horse racing forum with high quality betting threads and a very affordable racehorse share ownership scheme.

We buy racehorse shares and syndicate them between groups of ENIGMA members, creating ownership opportunities at vastly reduced cost.

The syndicates have proved so popular we now own a stake in over 75 horses


Hundreds of winners to date, including Group / Grade 1's flat and jumps.

Indulge your passion

  • Quality bloodstock, flat and jumps

  • Leading trainers

  • Exclusive yard visits

  • Full share of prize money

  • Proceeds of any sale

Since 2014, our syndicates have won 19 pattern races and placed 32 times from Listed to Gr.1 level, including a Grade 1 winners at the Cheltenham and Punchestown festivals.

On the flat we've won the Group 1 Premio Jockey Club and finished 2nd in the St Leger.

A typical share costs around £185.00, including all training fees for the first season and your first years ENIGMA membership

Cribbs Causeway wins at Newmarket.jpg

Highlights 2021-22

Fiveandtwenty won Scottish Triumph Hurdle

Fiveandtwenty, 3rd Aintree Juvenile Hurdle Grade 1

Oscula won Woodcote Stakes, Derby meeting

Oscula 3rd Albany Stakes Group 3, Royal Ascot

Hellomydarlin, 3rd Prix Robert Papin Group 2

Oscula won Prix Six Perfections Group 3, Deauville

Oscula 3rd Prix du Calvados Group 2, Chantilly

Guilded 4th Cheveley Park Stakes Group 1, Newmarket

Oscula 3rd Prix Marcel Boussac Group 1, Longchamp

Marie's Rock won Mares' Hurdle Grade 1, Cheltenham

Marie's Rock won Mares' Champion Hurdle Grade 1, Punchestown

Maylandsea, 2nd Queen Mary Group 2, Royal Ascot

How it works

Typically, we buy a stake of between 2.5% and 5%, with the share owned by a syndicate of approximately 12 to 30 members. 

The rest of the horse is normally sold on in bigger shares to a maximum of 19 other people.

Compared to other low-cost 'micro' shares, this means that places on yard visits are easy to obtain and badges to go racing much more readily available.

The initial share price includes ENIGMA membership for the first year and all upkeep for the first season.

Thereafter, syndicate members top up the training fees kitty once a year, paying in around £95 per share, less our split of prize money earnings.

Build a stable

The ENIGMA syndicates are so affordable, members can easily live the dream of building a string of racehorses.

Watch your portfolio grow with our MyStable area where members can view and manage their string.    

The bloodstock

Sourced from the top sales in Europe, the bloodstock typically costs £5,000 to £150,000+ at auction.

The scheme operates in partnership with leading UK racehorse syndicators: Nick Bradley Racing and Middleham Park Racing.

All syndicate bloodstock is owned, not leased.

ENIGMA membership

ENIGMA membership is £79.99 per annum by direct debit, or £84.99 by card / PayPal.


New members who buy a share on joining, receive their first year's membership free.

ENIGMA members have first choice of all new syndicate horses as they come in via the members' forum.

Group 1 winner Ventura Storm far side.jpg

On the gallops with R Hannon, Gr1 winner Ventura Storm far side


Joseph O'Brien (IRE), Jessica Harrington (IRE), Johnny Murtagh (IRE), Henry de Bromhead (IRE), Simone Brogi (FR) & Jerome Raynier (FR)

The trainers

GB flat, north

Mark Johnston, Kevin Ryan, Karl Burke, David O'Meara, Richard Fahey, Keith Dalgleish, Tim Easterby, Grant Tuer, Nigel Tinkler & Roger Fell 

GB flat, south

Hugo Palmer, Robert Cowell, Richard Hannon, Sir Mark Prescott, George Boughey, Michael Bell, Charlie Fellowes, Stuart Williams & Clive Cox 

GB National Hunt

Paul Nicholls, Nicky Henderson, David Pipe, Donald McCain, Ben Pauling & Dr Richard Newland

ENIGMA owners, O&T bar Cheltenham Festival.jpg

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 adventure, just gets better and better...

We love questions

Our FAQ's can help, or reach out and contact us