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Certainly cant complain about them this week. 105%-106% win markets even in the big handicaps and no commission. Guess they make up for it on turnover.
Low margin, high turnover betting is the way forward. Why aren’t they doing this more often?
One look at the other meetings this week would give you your answer.
Electioneer, Jezza, Bardolet……….
As you say, why not more often?
You could say it’s an implicit cartel when the racing is lower quality…. or would that be too harsh on those pansies?
Not so generous in non-handicap monster fields with the place money, either.
Some of the bookie offers are very generous though. Gold Cup offers today are very good, especially VC with their free bet refund for 2nd and 3rd place.
SP’s so far this week at Cheltenham have averaged 120%
Fair enough, Eddie. I was referring to the midday prices using an odds comparison site. Very punter friendly overrounds if you shopped around.
Fierce competition this week, cartel pricing next week (as per the norm).
Electioneer
Did the BHA look into this, Glenn? Cost me a fair wedge (I backed the Shaw horse), and I’m still smarting three days later. Certainly cured any fondness I might have had for racing at that level (for six months at least.)
If I was a bit older, a little more craggy, fond of a tweed cloth cap, a sipper of scotch whisky by the double and the type to frequent a shabby oak smoked pub popular with London gangsters, I’d have banged the bar harshly and exclaimed "It’s a Disgrace!" in a voice which sounds as if its been ripped with crushed glass.
Cav, the high street bookmakers have been pumping offers out for a year or so now, (Mega Prices, Pushes, SP Boosts). You can still get treble odds one winner on a Lucky 15 in most towns. But as you say, they are particularly generous on big festival meetings and it’s been a brilliant week out and about – St Patricks Day in Nottingham yesterday was quite unbelievable. Bookies and pubs rammed to the gills.
- Total Posts 17716
If I was a bit older, a little more craggy, fond of a tweed cloth cap, a sipper of scotch whisky by the double and the type to frequent a shabby oak smoked pub popular with London gangsters, I’d have banged the bar harshly and exclaimed "It’s a Disgrace!" in a voice which sounds as if its been ripped with crushed glass.
Nicely defined, Max.
If, on the other hand, you’d been slightly younger, designer stubble, odour of aramis, open-neck shirt and off the peg pin striped suit, sipping Albarino in a not-quite tip-top wine bar around South Quay, you could have slapped the bar(maid) roundly and spluttered "It’s a
Farce
!", in a voice which sounds as if it’s only just broken.
Any takers for "It’s a
Shame
!"?
Max,
No response from Paul Struthers on the issue.
No questions by the stewards on the racecourse.
Little to no coverage in the media beyond Matt Chapman saying how fantastic it all was. RUK will doubtless try to trump him this summer by focusing their cam on the horse’s ‘folk hero’ trainer, the man who backed Flockton Grey, Mick Easterby.
Pinza, I’ve been to a wine bar just the once to use the phone. I’m sure we can compromise…
Thanks, Glenn. I knew they would have to let the handbrakes off one day to pay for all the early morning spoofing, but that was quite a tough race for the grade. Guess, with Chelters, they thought no-one was looking.
Cav
I don’t want to hijack your thread but I’m sure I remember (when I used to be on here much more) that you’re a regular Betfair watcher and hold a fair number of Betfair stats regarding Industry SP and Betfair figures.
While looking over some of my results from the last 6 months I started noticing a decrease in the margin between Betfair SP and Industry SP. It seemed to be the case a year or two ago that horses returning at 10/1 (winning horses) would yield a significantly better return at BSP, and those returning at 20/1 or more rewarding Betfair punters with 25,30,40,50% increases in their returns at BSP.
But now, there ‘appears’ to be a much closer match between Industry SP and BSP. Is there anything in this, or am I just looking at a very small set of figures?
Hope I’ve got the right bloody person!
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Pinza, I’ve been to a wine bar just the once to use the phone. I’m sure we can compromise…
Brave man … was the phone call made to the fire brigade, with a last-gasp plea to "get me out of here!"?
But now, there ‘appears’ to be a much closer match between Industry SP and BSP. Is there anything in this, or am I just looking at a very small set of figures?
I’ve noticed that myself ROF. Frequently these days BFSP prices do seem to be tighter to bookmaker SP than they used to be. Its no secret that liquidity on Betfair racing markets has dropped off, which would effect BFSP as any unmatched SP bets are matched with unmatched main exchange bets at market suspension.
I’ll check it out and get back to you.
I don’t think betfair liquidity affects betfair SP because the betfair SPs precommission always average 100%. Remember there are layers at SP as well as backers so liquidity will affect them equally.
The fact is that bookmaker SPs are getting more competitive. It’s not hard to see why. Bookmakers will lay at 40-1 if they can see 50-1 on the exchange whereas previously they might have been more wary.
The surprise to me is the loss of liquidity on Betfair. I haven’t noticed it and am wondering where the stats are coming from. However, supposing it is true I don’t know the reason as it is hard to see a more competitive market anywhere else. If liquidity continues to decline, the danger is that Betfair decides it can live without subsidising horseracing and concentrates on tennis and football.
There is no innovation whatsoever in the on-course markets. If the on-course bookies wish to remain competitive they are going to have to start offering innovative terms that match what is available over phones and internet. e.g. 5 places and/or consistent use of quarter odds on large field handicaps and 4 places on races like the Triumph Hurdle and . By and large I prefer punting ‘at the races’ but the racecourse bookies are not offering value – no more than middlemen using BF as a backstop. This is the last year I will bet on-course at the festival. It’s going to be guaranteed prices and phone accounts from now on.
Re: Betfair. I’m far more selective about BF use than I was when I started using it 4 or so years ago. Partly because of the commission and partly because I bet each way alot and the place markets often offer poor-ish value. I also think that the bookies have stepped up to the plate with guaranteed odds and bespoke terms on big races and this may have attracted custom back.
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