Bookmaker with new approach

[kasparov]

From the Geoff Banks blog commenting on Cheltenham:

Chump Bookie award of the week goes to Greg Hughes who bets number one on the rails. He’s paid a fortune to bet in the best pick, which should afford him to bet well. Instead he delights by offering exchange odds. Odd business plan. He managed to clear out the top 8 firms below him on Friday, all departing to various corners of the track to escape this particular terrorist. And yet, he would have cleaned up on Friday, doubtless spent the evening telling his Missus ‘mine is de only way.’ To clear up all doubt, every Bookie won, even the daft ones. Good luck Greg.

This looks like a cunning tactic from Greg. He probably boosted his market share enough to compensate for lower margins. Does he do this at every meeting? If so I might be tempted to go racing more often.

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