darlojim
Member
- Joined
- Jan 1, 2017
- Messages
- 7,502
- Reaction score
- 3,750
- Points
- 83
Yeah that was really interesting and shows that there is definitely value backing those who lose. They’re deliberately overpricing them.
However, my view is that AP prices are so short theses days because of cash out. Prices condensed around 6-7 years ago when cash out caught on. If we removed that, the corollary should be increased prices. But we’d never get that.
Frank’s example re French horses for the Triumph is a good one. I get that you could back 5 and cash out the underwhelming ones whereby you’re creating a free shot. And that’s why they price the majority at 12/1 - 16/1 before their UK/IRE debut. However, would he offer 25/1+ without cash out?
Just mean we can punish them further on the ones that do become overpriced after push out.
See it multiple times this season - Myretown was pushed out too far then contracted again, likewise Roc Dino, sure there will be many many others too.