Wendigo Wins A Listed Chase At Carlisle As Our First Syndicate Report Lands

Subject: The Syndicate Report is out: 177 Q3 syndicate wins, a £900 median first year, and 11 wins this week
Preview text: Plus a Listed win at Carlisle, 122 shares for sale, the Funding Squeeze and a £99 first year.

---

The Syndicate Report: Autumn 2026 Is Out

Our first quarterly report is out today. It turns the data behind RacingDatabase.com into one page of facts you're welcome to quote, with the method, the dates and the limits shown.

• Results, Q3 2026: listed syndicates had 177 wins from 1,358 runs (13.0%), level with Q2 (183 from 1,406). 149 of the 470 horses that ran won at least once.
• Cost: the median first year is £900 across the 28 listings with a price we can work out.
• Price Per 1%: the median first year per 1% of a horse is £1,155 across 69 sterling shares. Lower isn't automatically better value.
• The Funding Squeeze: what the rise in betting duties from April 2027 could mean for prize money. There's more on that further down.

Read the report · One-page PDF fact sheet · Method and sources

Costs and share prices are an October snapshot, so there's no trend yet. The next report, in early January, will have one.

---

The Leaderboard: Top Five Listed Syndicates

Results through 4 Nov 2026: 554 syndicate wins by 77 of the 129 UK and Irish syndicates and clubs we list, 11 of them since last Thursday's issue.

Among the syndicates we list, Owners Group have the most wins, 33. Owners Group added to their totals this week. Full table: racingdatabase.com/winners/

---

This Week's Winners

The pick of the week on the facts: Wendigo won the Listed Colin Parker Memorial Intermediate Chase at Carlisle for Racing Club (RC Syndicates) and trainer Jamie Snowden.

• 4 Nov: Prince Of Petra for Quantum Leap Racing (Kempton, Roger Varian)
• 3 Nov: Honour Your Dreams for Dare 2 Dream Racing (Wolverhampton, Michael Attwater); Character Testing for URSA Major Racing (Sedgefield, Mark Walford); Mini Mac for URSA Major Racing (Wolverhampton, James Owen)
• 2 Nov: Midnight Jukebox for Noel Fehily Racing Syndicates (Southwell, Fergal O'Brien); Blue Marvel for Stuart Edmunds Racing Club (Southwell, Stuart Edmunds)
• 1 Nov: Wendigo for Racing Club (RC Syndicates) (Carlisle, Jamie Snowden)
• 30 Oct: Petula for Elite Racing Club (Newcastle, Sir Mark Prescott); Concert Boy for Making Headway Racing (Newcastle, Katie Scott); Taranis Dubh for Owners Group (Uttoxeter, Olly Murphy)
• 29 Oct: Mini Mac for URSA Major Racing (Southwell, James Owen)

URSA Major Racing had the most this week, with 3. Every win links to its official result on racingdatabase.com/winners/.

---

Shares For Sale

There are 122 racehorse shares for sale from 30 UK and Irish syndicates and clubs on our Shares For Sale page, checked by hand on 5 Nov. The lowest monthly fee listed is £30.

Want to hear when new ones appear? Share Alerts emails you on Thursdays when there are new shares (Flat, Jumps or both). See every share

---

The Funding Squeeze: Will Shares Get Dearer?

The October 2026 Budget raises Machine Games Duty on high-stake betting shop machines from 20% to 25% from 1 April 2027, according to GOV.UK. Online bets on UK horseracing stay at 15%.

Why does a syndicate owner care? Because a big slice of British prize money comes from betting. The BHA says British prize money was £194.7m in 2025: £103.3m from racecourses (whose income includes media rights paid largely by bookmakers), £63.3m from the Levy Board and £26.8m from owners' own entry fees. Racing's bodies say fewer betting shops could mean less money for prize funds. Ireland works differently: Horse Racing Ireland says its 2026 prize money budget is a record €74.7m, mostly government-funded.

What could it mean for your share? Prize money doesn't set fees, so a share won't get dearer overnight. Training fees follow costs, and the 3.9% National Living Wage rise in April 2027 is a more direct pressure on them. Lower prize money would mostly show up as smaller winnings to share out.

Our October 2026 baseline, taken from prices checked just before the Budget: a median first year of £900, and a median monthly fee of £62.50 across 36 listings. We'll track both every month on the Price Index, so you'll see if prices move.

• Read the explainer: Betting Tax Rise: Will Racehorse Shares Get More Expensive?
• New guide: Where Prize Money Comes From: A Guide For Syndicate Members
• In the report: The Funding Squeeze

Facts only, not advice. Racehorse ownership is a hobby, not an investment.

---

New On The Site

• Horse Pages: every syndicate horse's 2026 form in one place
• Trainer Pages: each trainer's syndicate horses, winners and shares
• Price Per 1%: share prices on one scale, so a 5% and a 10% share compare fairly
• Follow A Syndicate: a weekly email when a syndicate you follow has a winner or new shares
• Member Reviews: verified reviews from members, on each syndicate's page
• Near Me: find a syndicate close to home for yard visits
• Open Days Calendar: open days, yard visits and stable tours across the UK and Ireland

---

Cheap Way In Of The Week

Elite Racing Club: an estimated £99 for the first year (12-month Club membership (no further payment requests)), the lowest first-year cost on the site. Its horses are with Julie Camacho, and it has 4 wins from 35 runs in 2026, including one this week.

More cheap ways in: Cheapest Syndicates · No Upfront Cost · Syndicate Matchmaker

---

Shares Available From Premium Members

Current shares sent to us by our Premium members. Prices are as each syndicate supplied them, so always confirm before you buy.

• French Affair (trained by William Haggas) — 2.5% share, £2,783, £130 a month. Pompey Ventures · Premium member listing

Premium members pay for an enhanced listing. It never changes the facts we list or where they appear in our comparisons. See every share available

---

Know someone thinking about a share? Our free 14-page PDF guide, Your First Racehorse Share, is here: download the guide.

---

One Click Further

• Compare all 129 UK and Irish listings: racingdatabase.com/compare/all/
• Got a shortlist? Put up to four side by side
• Spotted something we've missed or got wrong? Submit an update

---

That's issue 3. Same time next Thursday.

Got a question or a correction? Drop us a line: racingdatabase.com/contact/

Results: 1 Jan–4 Nov 2026, official UK and Irish race results, for the syndicates and clubs currently listed in our directory. Shares checked on each syndicate's own website on 5 Nov 2026; always confirm before you buy. Est. first-year cost = upfront price + 12 months of fees for one published share or membership. Not financial advice: racehorse ownership can lose money.