Why I’m Glad I Didn’t Place A Bet This Week…
I was all geared up and ready for my day's “watching brief” as the first day of racing was due to commence. I had several monitors, two phones, and an iPad at the ready, the important cup of tea to hand and more importantly, a closed office door.
“They're in, good luck everyone, and they're off,” called the commentator.
It was slightly surreal to watch all of the colourful silks of each jockey, but each and every one of them with blacked-out faces as they wore their masks and visors.
The end result: 22/1, 4/1, and 18/1. The 15/8 favourite was unplaced.
The next two races panned out in a similar manner with a 9/1 winner (favourite unplaced) and a 16/1 winner (favourite unplaced). In fact, from the 10 races on the day, 5 favourites were unplaced and only two favourites won. There was a joint-favourite winning the 17:05 for 33% winning favourites.
Now, you may think that this is normal and there have always been days like this, but for me, betting on these races was just unthinkable. There were a lot of fluctuations on the exchanges and to put it simply, I got the impression that punters didn't know their “arse from their elbow!”
Just looking at the Trifecta's on day one was simply eye-popping. A lot of them were into the £1,000's! Imagine having a Trifecta double on the first two races. It would have been the retirement figure of £5,161,957.92 to a £1 stake 😉
Yesterday, it settled down and there were only two double figured winners across the two cards. The average winning SP's were much more akin to racing before the pandemic.
More encouragingly, the first shows started to behave more and there was a consistent stream of money coming through on the exchanges.
I feel it will be another interesting day, today but I'll still be keeping my money in my wallet. However, I think I'll be betting by tomorrow, should the market's return to something normal, today.
By this evening, this will be plan over the next couple of weeks.
I'll be setting aside a bank of £280. I'll divide that into 14 days and bet £20 per day on any selections that take my fancy. I'll also be setting aside £500 for a trading bank and using £50 stakes to see if I can predict the first shows.
I'll keep a close eye on how things progress and then assess what my “experimental” bank looks like at the end of the two week period.
I'll be sharing these selections with you guys and you can follow along, to see how I fare over the next couple of weeks.
I'll be updating my selections and progress by midday every day and let's see how we get on 🙂
Stay safe guys and I'll be back in the morning.
