Tales from the betting ring at Cheltenham yesterday.

[simonnott]

I’m working with Star Sports on their pitch at Cheltenham all week. Here’s what happened yesterday. http://www.starsportsbet.co.uk/simon-nott-the-tuesday-review/

[Zarkava]

Awesome read, cheers. I’m just wondering if I have enough fingers to count the number of those cigars I’ll get in my time ;)

[kasparov]

It seems like little has changed from old days. Bookmakers win when the favourite loses and vice versa. I suppose they diversify their risk over several races. However, given they are all linked to a machine, they also have the opportunity to lock in profits at negligible cost by laying off on an exchange. It’s a puzzle why they don’t do this more. Maybe they like the thrill of the gamble just like punters.

[Author]

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