Yesterday I backed Hugh Taylors 3 selections at S.P. Here’s what happened (If you have just happened upon this post and are thinking why would I back a horse at SP when the price is steaming in please read the post I did on researching his April Selections the link is immediately below and will open in a new tab)
With a profit of £8.61 today saw 3 selections run
First to run was Gutsy Girl which was advised at odds of 4/1 (5.0) I backed it at 11:45 at S.P but the odds available then was 5/2 (3.5)
Unfortunately it could only manage 3rd place.
Profit is Plummeting and the next to run was Valkyrian in the 8:45 at Windsor Advised at Publication at 16/1 (17.0)
Stake was 67p at S.P. as available odds had halved to 15/2 (8.5)
S.P. Odds recovered to 12/1 (13.0) which would have been nice if it had won instead of coming 7th
With another 67p knocked off the profit the last runner on Hughs list was Coin Power. Advised at odds of 10/1 (11.0) by the time I got my 91p on at 11:45 the odds had dropped to 11/2 (6.5)
By Post time the S.P. was 7/1 so again disappointing not to have surpassed advised odds but had it of won instead of coming 8th then I would have a profit of £6.37 instead of my target fiver.
Numerous people have now pointed out to me that S.P. is a poor bet and I agree but in all of the runners so far this month all have been above the odds available at the time the bet was struck so that with any other bookie than SkyBet Best Odds Guaranteed would have been applicable and instead of backing at S.P. I would have taken the offered odds for my Guaranteed fiver if it won.
The sole purpose of this study if you like is to try and make people see that, yes the bookies decimate the odds to capitalize on the faithful which to my mind is despicable, but the odds can and do recover sometimes to a mark greater than the advised price at publication time.
Its a good job Hugh had a couple of winners Saturday because my Profit is now down to £5.03
Betornot 