Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...
When the term 'Ponzi scheme' is mentioned these days, the names Bernard Madoff and Allen Stanford instantly spring to mind. The pair of them ran multi-billion dollar frauds (US$60bn and $8bn respectively) that destroyed the lives of thousands of investors who had put their life savings into a 'wonderful' investment strategy. How so many people were sucked into the scheme is baffling to those on the outside. The lifestyle, the sales pitch, the success stories of the early investors - I suppose it all adds up.
So where does this link to racing you ask? A prominent Australian 'racing identity' this week has been reported to have lost access to a bank account with punters' club funds of $194m in it. Firstly - is there a worse term for anyone to be labelled with that 'racing identity'? It ALWAYS ends up meaning shonky crook! Secondly - who the hell has a punters' club with an active bankroll in the tens of millions? It simply can't be done.
I was going to pen a lengthy analytical preview for the Race That Stops The Nation but that was rendered futile when I got the email notification for this magnificent piece of work - Andrew Hawkins' Complete Guide to the 2017 Melbourne Cup. For all the background, all the detail, video links, back stories (read the one about Tiberian especially), go there, you won't find a better analysis anywhere.
So instead I'll keep it short and sharp, which based on the lack of sleep I've had in the past week, can only be a good thing!
EMIRATES MELBOURNE CUP AU$6 million Group 1 Handicap, 3200m Flemington 1500 local, 0400 GMT
1. HARTNELL - third last year when looked poised to win at top of straight. Has been 'running more like a two-miler' this prep according to trainer, but hasn't run beyond 2000m either. History isn't kind to horses coming back a second time to win (actually it's his third attempt) especially high in the weights. No.