The Phantom Chance (foaled 3 November 1989) is a New Zealand Thoroughbred racehorse who won the New Zealand Derby in 1992 and Cox Plate in 1993, earning over $2 million in his 44-race career. The gelding didn't race at two and made a slow start to his three-year-old career, finishing third in his first two starts. But then he won eight races on end, six of them at stakes level, including the Derby and the Group 1 Cambridge Stud International Stakes against the older horses to confirm his status as New Zealand's champion three-year-old for the season.