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Having backed Usk Melody in an e/w multiple in the 2:55 at Wolverhampton I sat down 10 minutes before the race to watch it. Having being available at 9/2 in the morning and having seen it open up on course at 9/2 I was pretty shocked to see it be "backed" down to 10/3. However the favourite was also backed from 11/8 to 10/11, a twice raced horse was gambled on from 25/1 to 15/2 (I got seriously annoyed when they kept referring to this as a massive gamble as the move on the favourite was bigger but that’s a different story)and the once raced Molly Pitcher was also backed from 11/1 to 9/1. At the same time the only moves the other way were to nudge a couple of outsiders out from 25s to 50s etc. The total SP % for the 12 runner race was 127%. However this was not a one off. Things started okay but perhaps the bookie were hit hard in the first race as they quickly ran for cover.
It was my understanding the new sp changes don’t come into effect until the 1st November but perhaps I’m mistaking. Or perhaps Wolverhampton will bet to 140% then!
1:10 12 runners -115%<br>1:45 12 runners -118%<br>2:20 13 runners -127%<br>2:55 12 runners -127%<br>3:30 13 runners -128%<br>4:05 10 runners -126%
Do people think betting to 2.6% per runner is an acceptable practice? The standard of racing wasn’t great but neither was Kempton’s but their overrounds were much less (as was Carlisle’s)
You can’t expect a strong market at Wolverhampton especially on a Sunday in October. There were probably less than 10 books standing and betfair will alwys give a better indication of the real market.
The shape of things to come FSL .. some people seem to think that there can be a decent racing industry with mental greedy profiteering going on .. Wallace, weak market waffle won’t wash, we’ll see what happens after the 1st November when the changes come in officially.
The aim of these changes is to increase the return per runner to 2% from around 1.4%, it’s a huge difference.<br>:(
The market at Wolverhampton is nororious weak. I went to a meeting in July a couple of years back when there were only 6 bookmakers in attendance, one of whom left halfway through the meeting. I susspect evening meetings might be stronger, but there’s no significant money about at afternoon meetings, and the only way the few bookies can expect to turn a profit is by depressing the prices. Even then it can be a bit of an illusion as, like the Irish market, much of the ‘margin’ is created by lowering the prioces of outsiders.
Rob
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