The RacingDatabase.com Syndicate Report: Autumn 2026

The Short Version

• 177 wins from 1,358 runs. Listed syndicates had a 13.0% strike rate in Q3, the same as Q2 (183 from 1,406, 13.0%).
• 149 of 470 horses won. That is 31.7% of the syndicate horses that ran in the quarter, from 84 syndicates that ran and 52 that won.
• Wins are spread widely. The middle syndicate had 1.0 win, and the top five took 26.0% of all wins.
• A first year costs £900 at the median. Across 28 listings with a price we can work out, 15 cost under £1,000 and 8 of the 42 with an upfront price ask nothing upfront.
• £1,155 per 1% at the median. Across 69 sterling shares the first year per 1% runs from £310 to £4,800. Flat £955, Jumps £1,615.
• 127 shares on sale from 29 syndicates on 26 Oct 2026. Of the 56 listings that state a badge policy, 33 guarantee badges.

Results are for syndicates and clubs listed on RacingDatabase.com. Costs, Price Per 1% and shares are an October 2026 snapshot, not a quarterly figure, and a first edition has no trend to show yet.

Results: Q3 2026

Listed syndicates and clubs had 1,358 runs and 177 races won between 1 July and 30 September 2026, a 13.0% strike rate.¹ 149 of the 470 horses that ran won at least once. Syndicate runners were 4.2% of all runners in UK and Irish races and had 5.0% of all winners.

¹ This report counts only the syndicates and clubs currently listed in our directory, the same group as our league tables and winners leaderboard. It is also a minimum: 26 of the 129 listings run horses under names we cannot match to results, so their runs are missing.

What A First Year Costs: October 2026 Snapshot

Prices are what each syndicate published on its own website when we checked, between 19 Oct 2026 and 29 Oct 2026. This is a first snapshot, so there is no trend to report yet; the Price Index will track it month by month from here.

Sterling listings only. See the cheapest syndicates, no upfront cost and the cost calculator for any single listing.

Price Per 1%: October 2026 Snapshot

A share of 5% and a share of 1 in 4,000 are hard to compare. Price Per 1% divides each share's first-year cost (upfront plus twelve months of any monthly fee) by the size of the share. Across 69 sterling ownership shares from 20 syndicates (23 counting three that state their size on their listing) the median is £1,155 per 1%, from £310 to £4,800.

Shares On Sale And What Syndicates Say

On 26 Oct 2026 there were 127 shares for sale from 29 syndicates on our Shares For Sale list. Elsewhere in the directory, 56 of 129 listings state how owners' badges are handled, 9 state that they take nothing from prize money, and 104 are members of the Racehorse Syndicates Association. 84 listings carry the tick on our BHA register check.

All of this is as the syndicates state it, on the dates shown. Check any detail with the syndicate before you pay. The share list is updated weekly, so it will differ from this snapshot.

Ireland, In Euros As Published

Irish prices are never converted to sterling or mixed into the sterling figures. Results are counted the same way for every listed syndicate. 13 syndicates and clubs listed in Ireland (priced in euros) had 139 runs and 16 wins in Q3 (11.5%), against 1,219 runs and 161 wins (13.2%) for the UK-listed syndicates. The Irish sample is small. None of the 14 Irish listings has an upfront or monthly price on its listing that we can cost, so the cost medians above are UK sterling only. See syndicates by region.

The Funding Squeeze: What The Budget Means For Syndicate Owners

Most British prize money traces back to betting. The Budget on 28 October 2026 raised the tax on higher-stake gaming machines in betting shops, and racing's governing body says that could cut the sport's income. This section sets out what has changed, what racing's bodies say, and the October 2026 baseline we will track. Facts are linked to the body that published them.

What It Could Mean For Members

• Prize money back. If race values fall, members' shares of any winnings fall too. Fees don't: they pay for training, vets and transport.
• Fees follow the yard's costs. Staff wages are a big part of a training fee, so the April 2027 wage rise is a more direct pressure on monthly fees than betting duty.
• More pooling, or fewer syndicates. If whole-horse owners cut back, more horses could be sold in shares; if costs rise, some small syndicates could close. Our shares list and directory will show which.
• Ireland is funded differently. Most Irish prize money comes from the State through Horse Racing Ireland, whose 2026 prize money budget is a record €74.7m (HRI).

Our October 2026 Baseline

Prices were read in the days before the Budget, so they give a clean starting point. There is no trend yet, and we do not record prize money won by syndicate horses, so this report makes no claim about it.

The Price Index takes a new snapshot every month and the shares list is checked every week. The Winter edition (planned for early January 2027) will show the first change. More: where prize money comes from and Betting Tax Rise: Will Racehorse Shares Get More Expensive?

How To Read These Numbers

• Listed syndicates only. Syndicates that are not listed, and any that have closed, are not counted, so the figures are a record of the listed group, not of all syndicates.
• Counts are minimums. We find a syndicate's runners by the owner name on the result. Horses that race in a nominee's or trainer's name are missed, and 26 listings have no name we can match.
• This is not a skill score. The all-runner average was 10.8%, so 13.0% might look better, but syndicate horses run in different fields and races, so the two are not like for like.
• Small samples move a lot. Jumps in Q3 is 155 runs. Only 28 of 129 listings can be costed. Single syndicates with few runs can swing from one quarter to the next.
• Snapshots are not trends. Prices, shares and badge policies are an October 2026 look. We will not say they are up or down until we have the months to show it.
• Wins are not profits. Prize money and sale values are not in this report. Most owners spend more than their horse wins.

Paid listings never affect the numbers. Featured and premium listings are always labelled, and they never change a figure, a ranking or which syndicates are counted here.

Methodology And Sources

• Results: UK and Irish official race results, compiled by RacingDatabase.com, 1 Jan 2026 to 4 Nov 2026. A run is a horse that was weighed in or officially placed; non-runners and abandoned races are left out. A win is first place.
• Who is counted: the 129 syndicates and clubs listed in our directory, matched to results by the owner name on the result. Joint ownerships count for each syndicate named.
• Prices and shares: each syndicate's own published prices, read by hand, plus the Live Shares Feed. First-year cost is the upfront price plus twelve months of any monthly fee.

Read The Full Method And Sources

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A one-page summary of the main numbers and charts, ready to read or print (248 KB, PDF, A4). It carries the same dates, caveats and quoting line as this page.

Download The One-Page Fact Sheet (PDF)

Next Edition And How To Follow It

The next report, covering Q4 2026 and the whole year, is planned for early January 2027. By then the Price Index will have three monthly snapshots and the shares list will have a record of what was added and removed, so we will be able to show change as well as level. Get it in The Syndicate Sheet, or see all editions on the Syndicate Report page.