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The Jockey Club courses, including Epsom, switched in 2013. Bookies offering 1/5 the odds are also included in the SP sample at all courses I believe.
JCR champions punters’ rights with standard each-way terms
16th August 2013
Jockey Club Racecourses, the UK’s largest racecourse group1, today confirmed that from 1st September 2013 racecourse bookmakers at its 15 tracks will offer customers standard and consistent terms when accepting each-way bets.
The move is designed to provide greater certainty and protection for the punter, and in turn benefit racecourse bookmakers by increasing customer confidence in the betting ring.
Jockey Club Racecourses is the first racecourse group to implement standard each-way terms at its tracks in a change to licence agreements with racecourse bookmakers, following a three-month consultation period with various bookmaker associations and individual bookmakers.
Dickon White, Group Betting Director for Jockey Club Racecourses, said:
“We believe 1st September will be an important day for the on-course betting ring as the introduction of standard each-way terms for punters will give Jockey Club Racecourses’ customers greater confidence they are getting a fair deal when betting each-way at all 15 of our tracks.
“We’ve engaged with bookmakers in constructive and informative discussions about each-way terms and introducing a clear standard across all of our courses. We’ve listened to bookmaker feedback and been able to improve the solution we’re introducing as a result. Racecourse bookmakers are an important part of the theatre of a raceday and I am confident this change will be beneficial for both punters and bookmakers alike.
“I would like to personally thank the bookmakers who have taken part in this process and I look forward to working them on future projects to help promote the on-course betting ring.”
JCR standard each-way terms:
Where accepting each-way bets, ensure the terms shall be or shall be better, i.e. more favourable to the customer, than:
a) for races with fewer than 3 runners – all to win
b) for races with 3 or 4 runners – 1/5 odds on place 1– 2
c) for races with 5 – 7 runners (inclusive) – 1/4 odds on place 1–2
d) for races with 8 or more runners – 1/5 odds on place 1–2–3
e) for handicap races with 12 – 15 runners (inclusive) – 1/4 odds on place 1–2–3
f) for handicap races with 16 – 21 runners (inclusive) – 1/5 odds on place 1–2–3–4
g) for handicap races with 22 or more runners – 1/4 odds on place 1–2–3–4[1] By turnover (2012: £141.2m), racecourses (15), attendances (2012: 1.8m), quality racing (Group and Graded), total prize money (2012: £35.3m) and contribution to prize money (2012: £16.5m)
– See more at: http://www.thejockeyclub.co.uk/news/jcr-champions-punters-rights-with-standard-each-way-terms#sthash.aIMuouDe.dpuf
I am a bit puzzled by the race tactics. The boss gave me no instructions, except not to get there too soon, which I did, but I saw Frankie was in trouble on the rail and I wanted to make it as hard as possible for him,” said Hayes, who punched the air in delight as he rocketed to the finishing line. “He’s the best horse I’ve ever ridden.”
It seems to suggest the winner accelerated earlier than planned because this would increase the gap back to Galileo Gold who was caught in traffic. But normally this acceleration would waste energy versus running steadily so maybe the winning time would have been quicker if Awtaad’s pace had been steadier. So the tactic appears irrational. However, it sounds like the winner was better than even the jockey expected so stayed on well despite the acceleration. So it worked out well in the end.
Incidentally Richard Fahey explains the changing pattern at Thirsk in his column today.
Kocollada is our first runner on Saturday in the Irish Stallion Farms EBF Maiden Fillies’ Stakes at Thirsk.
She’s drawn nine which normally would be a very good spot but they’ve realigned the track there now and come nine yards off the stands’ rail which means horses are going to the far side. This is a filly we like. She’s well and will win races – but the draw is a worry.
Bahamian Sunrise has won three races this year so you can’t knock him. I think the handicapper probably has him now but he’s fully entitled to take his chance in the BDS Yorkshire Handicap.
Energia Flavio ran well at Chester last time when she was one of the very few of Marwan Koukash’s horses that were well drawn all week. On that form she’d have every chance in division one of the Marion Gibson Brown Memorial Handicap but she is inconsistent and hard to predict.
Character Onesie was disappointing on his reappearance at Doncaster but everything seems right for him in division two and I’d expect to see a better run here.
Grandad’s World needs to bounce back to his very best in the Constant Security Services Handicap. He worked well last week which I’m hoping is a sign that he’s turning the corner. He’s typical of many sprinters who just seem to lose their way but he could be on his way back now.
We’ve three in the Wharton Construction Handicap and I wouldn’t really want to pick between Growl and Beardwood. I was pleased with the former at Chester, it was sharp enough for him around there and this should suit better.
Beardwood is a horse we do like. I was disappointed with his reappearance run at Pontefract but he’s better than that. He was entitled to need it and will be sharper here so I’d expect more.
Our third runner is Gabrial The Tiger. I think he’s badly handicapped but the handicapper disagrees so we’ll keep going with him and see who’s right.
…
Strange then that he doesn’t prefer Growl to Beardswood given they are drawn on opposite sides.
Low I think. The market seems to prefer high so not much to lose by going against it. I notice the ground has been watered though. I am not sure if track conditions are the same as last time.
2:45 Newbury
27 points @ 12/1 (L) Star Storm* (min 9/1)
48 points @ 4/1 (B365) Carnachy* (min 7/2)I notice both you and Joni are opposing Eagle Top. I don’t know how to assess the race given Eagle Top is easily top rated but might be unfit. I suppose one might guess he has maybe a 25% chance of running to form, a 25% chance of flopping and a 50% chance of running a few pounds below normal. It’s this last possibility that confuses me as he could still win even if not quite at his best.I am curious to know your reasoning process.
Incidentally it looks like the York draw bias is the wrong way round today as well. The handicap favourites were drawn high but the winners and placers were drawn low.
One thing I have noticed is that the draw bias on a few tracks isn’t what it used to be. For example the famous Beverley sprint bias seems weaker than it was and at Ripon I don’t think there is a bias in sprints at present. My guess is that the staff nowadays try to reduce biases if they can in order to make races fairer. Presumably they do this by watering or some other technique. Maybe at Thirsk they over-corrected.
This is fascinating. I am looking at Massaat, which came second in the 2000 Guineas. Presumably his sire, Teofilo, is a CT and his dam, Madani, is a CC. So he could be either CC or CT. If CC he has no chance in the Derby, whereas if CT he could be one of the favourites. Presumably he wouldn’t be entered if he was a CC so he is probably a CT and therefore worth a punt at 20-1?
I don’t think Ryan is giving away any secrets here. It does raise the question of what makes Ryan such a good jockey. I suppose it’s mainly he’s very consistent – his tactics usually work and his horsemanship is excellent. I note he also seems to spend a lot of time studying form, judging from his Betfair column.
Yes looks like it was arbers on the bet365 EW promotion distorting the market.The promotion closed at 12 and some of the value went.
I have noticed the place market on Betfair is overbroke at around 385%. Seems too good to be true. Maybe there is a small chance that fewer than 4 runners complete the course? Or is there some other explanation?
Any thoughts on the place market? Many Clouds is around 4/1 for first 4 and Goonyella 15/2. Some people on twitter are saying it’s an anomaly caused by the bet 365 EW promotion which is skewing the odds against the favourites. But I’m not so sure. Roughly MC might have a 50% chance of completing and then a 20% chance of winning, 10% second, 5% third, 5% fourth. So if fair win odds are 9/1 then place odds would be 4/1.
Simon Rowlands has come to similar conclusions
Ultimately, it is price that determines everything. My odds line (done blind: you will have to believe me in this) went: 5/2 Mountainous; 9/2 Cloudy Too and Rigadin de Beauchene; 7/1 Gas Line Boy; 9/1 Bishops Road; 11/1 Harry The Viking and Broadway Buffalo; and 25/1 Minella On Line (108% book).
Given the early odds available, support of Mountainous and Rigadin de Beauchene – the two most over-priced horses by my reckoning – looks justified, while the layers amongst you may want to get against Broadway Buffalo and Gas Line Boy.
Harry The Viking may seem correctly priced, more or less, in the win market, but he should probably be no bigger than 3.0 in the place-only market.
Siding with two in a field of eight, one of them the favourite, is hardly adventurous, but both Mountainous (7/2 in the early betting) and Rigadin de Beauchene (7/1) look to have plenty going for them in a race which promises to be merciless in exposing any weaknesses.
Recommendations: 2 pts win MOUNTAINOUS, 1 pt win RIGADIN DE BEAUCHENE
Looks like the Kingmaker Chase offers a rule 4 opportunity if L’Ami Serge doesn’t run. The other two horses are 8/1. With an 80p rule 4 deduction they will effectively be 1.6/1 rather than true odds of 1/1. I managed to get 62p on online but you might do better in a shop.
You mean Wetherby 2.45. Bitofapuzzle is also quoted for Sandown, which confused me at first.
Apparently many ex-racehorses are put down but statistics are not kept.
