It's becoming harder to commit to early bets.The corporate bookmakers the majority of which are long established UK/Irish businesses run a very sophisticated "risk management" system where any early value in markets is quickly corrected.The risks associated with going in early are only worth it if the value is there.All the bets this week were sent close to post time via twitter.
Apart from Sydney metropolitan fixtures I am generally only concentrating on Victorian racing and I've noticed some changes in the way the markets are behaving.The UK corporates were always huge manipulators or the on course market over there and it looks like they are working the same trick here.Maybe they are just manipulating the Betfair markets here as the few on course bookies left at the non metro meetings are all glued to Betfair.Maybe times are just changing and I'm not as accurate at sussing out what's happening as I used to be.Bookmaker's have a lot to gain from keeping the horses at the head of the market as short as possible as generally that is where their biggest liability lies.The result of all this is that there appears to be some great "laying' opportunities if your prepared to take on the favourites close to the off.Obviously you need to be selective but there are plenty of shorties worth opposing that look well and truly overbet.
When I went away in January I was in Sydney for a few days and went out to have a look at the "New Randwick". I went with an open mind and was really hoping it would measure up.I have no race club memberships anymore so was in the public enclosure.
Maybe it is fabulous upstairs in the members and the corporate areas but for the everyday racegoer the place is a shadow of what it used to be and is totally lacking in atmosphere.
Loud music blares from speakers around the mounting yard and only stops after most of the horses have paraded a few times and is replaced by the TVN feed.No chance of having a quiet look at the runners and finalising your stratergy.
Actually getting in to the place was hard work and the gents toilets were blocked and smelt worse than a Calcutta drain.
What a tragic waste of a golden opportunity to get racing back into the mainstream in Sydney.
I always loved Randwick and it was by far my favourite Australian racecourse but I left very disappointed that so much money had been spent and certainly at grass roots level the raceday experience is dull and drab compared to what it used to be.Very sad.
Six bets last week all sent via Twitter and a nice winner at good odds on Friday night at Moonee Valley.
Stakes 5.50
Returns 12.50
Profit 7.0 units
Year to date blog and tweet shows a profit of 15.06 units on a turnover of 21.30 units.
Been very quiet bets wise this year but the figures look good so far.
About a month away from the UK season getting serious in mid April so the volume of bets will soon steadily begin to climb.
Back Wedenesday
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