Skip to main content

$3.5m for a 2yo race - good or bad?

The supposedly sacred day of Good Friday to me just means an extra day to do the form for Saturday, and for Australian racing, this year it's the Golden Slipper, the richest 2yo race in the world. Worth $3.5m in total (equates to £2.11m or US$3.2m), it is open to all-comers, the best of this two-year-old crop. To put that in perspective, the entire Cheltenham festival was worth £3.4m in 2010.

Held at Rosehill Gardens in western Sydney, the race suits Sydney's impatient 'I want it now' and 'News today, fish and chips wrapping tomorrow' style of living. Allowing a horse to develop for a career as a mature racehorse, perhaps over distance, rarely happens. So the Australian breeding industry has changed significantly. Everything is now about juvenile racing, but specifically up to a mile, rather than a Derby distance which is more than norm north of the equator.

I'm not against sprinting, although I do prefer longer races, it's the heavy workload placed on 2yos to get them ready for the big juvenile races. So many of them are burnt out after one season and do nothing for the rest of their careers. And there are the really good ones who get whisked off to stud soon after. Racing needs longevity for the public to have an emotional attachment with the stars of the turf. Super Impose, Might and Power, Sunline, Northerly... they came back year after year at the highest level and the crowds loved them. Jumps racing in the UK captures this - Istabraq, Best Mate, Hardy Eustace, Kauto Star, Denman - they come back again and again and wow the punters.
Juvenile racing will never have the same appeal.

Of course the other issue with this big race in Sydney is that once again, it will be run on a heavy track. So it won't come down to the best horse in the race, but the best swimmer...

If you're a Betfair trader, this race will be worth waking up for. There are five Group Is at Rosehill tomorrow, all shown live on AtTheRaces, so you could trade the lot - but the big race is on at 0605 BST, or 1605 Sydney time. For a formguide, try the Sydney Morning Herald, Racenet or Best Bets.

Who am I backing? Not sure as yet but Chance Bye and Decision Time look over the odds.

Comments

Popular posts from this blog

It's all gone Pete Tong at Betfair!

The Christmas Hurdle from Leopardstown, a good Grade 2 race during the holiday period. But now it will go into history as the race which brought Betfair down. Over £21m at odds of 29 available on Voler La Vedette in-running - that's a potential liability of over £500m. You might think that's a bit suspicious, something's fishy, especially with the horse starting at a Betfair SP of 2.96. Well, this wasn't a horse being stopped by a jockey either - the bloody horse won! Look at what was matched at 29. Split that in half and multiply by 28 for the actual liability for the layer(s). (Matched amounts always shown as double the backers' stake, never counts the layers' risk). There's no way a Betfair client would have £600m+ in their account. Maybe £20 or even £50m from the massive syndicates who regard(ed) Betfair as safer than any bank, but not £600m. So the error has to be something technical. However, rumour has it, a helpdesk reply (not gospel, natur

What shits me about match-fixing 'journalism'.

The anti-wagering media bandwagon has dozens of new members this week, all weighing in an industry they have absolutely no idea about. I'm all for getting the betting industry into the mainstream but it shits me no end when they roll out reports and celebrities who simply don't have a clue what they are talking about and don't bother to check basic facts which key arguments in their story. If this was the financial industry, making errors like this would have them in all sorts of trouble, but the same level of regulation doesn't apply because finance stock markets are supposedly all legitimate and serious, whereas sports betting is just a bit of fun for people who can never win in the long-term... according to the media. This week we have seen the sting by the Telegraph which, on the face of it, looks to be a tremendous piece of investigative work into fixing in English football. But the headlines around it are over-sensationalised yet again. Delroy Facey, a former pla

Racing has a Ponzi scheme - and the fallout will be enormous

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. T