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One cool scorpion got loose and started running around the track. At the time that happened the horse was 7/1 yet after 3/4 minutes of the horse running loose its price had come in to 6/1. How in God’s name did a horse that’s running loose for 5 minutes shorten in price? Were the bookies shortening him so that the rule 4 would be bigger and thus more advantageous to them?
No, it’s a 10p Rule 4 for all horses priced between 6-1 and 9-1 so would have made no difference. It would have needed to drop to 11-2 to trigger a 15p Rule 4.
At 6-1, the 10p band is at it’s most advantageous to punters.
Mike
That’s all betlarge it was the only feasible reason I could think for a loose horse to shorten in price
Given a bit more time it would have come down to 11/2, they usually do. Greed is overwhelming to bookmakers when they see the slightest opportunity.
Notice Mr Pickle/Lost Soldier/the young fella fails to give any other reasoning for the “market support” for a horse running loose, long odds on to be withdrawn and drifting like the Kon-Tiki on the exchanges as you would expect.
There is no good reason for a loose horse to receive market support. Ergo, it must be a bad reason.
Allow me to introduce you to the Starting Price Regulatory Commission (SPRC). This august institution was founded in 2004, and has a website at http://www.thesprc.org/. It’s mission statement is set out with brazen candour in the very first sentence on the SPRC homepage:
The case for abolition of the SP has not been made out, the Starting Price Regulatory Commission has concluded.
It wants to survive.
Having read the Chairman’s Report for 2014, I note two complaints were made for the entire year, both resolved (in favour of the SPRC). If this outfit wants to survive then let’s give it something to do.
twm, write to the SPRC at 292 Vauxhall Bridge Road, London, SW1V 1AE. Or email them at info@thesprc.org. Better still, do both. I promise you as if you were my brother, I will do the same. Let’s all write, and continue to do so until one of us gets an answer as to why this loose horse should have shortened up.
I’m serious.
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