Grand National Betting Prices

Ice87

Colonel Sanders wrote: »

Great news for this legend of horse racing. Great ride and truly deserves his win [mod addition: referring to AP's success in the Aintree Grand National[/mod addition]

A bit of a sour taste was the absolutely disgraceful SP of 10/1. Was trading at about 18 on Betfair when I checked a minute or so before the off. Many once a year punters will have backed this horse and, IMO, will have been well and truly ripped off :mad:

I don't understand this statement. The horse went off and won like a favourite should. Punters weren't ripped off, they gambled on the right horse!!

yabadabado

he was 20s at 2.30 today just shows punters backed him in to JFAV

Colonel Sanders

Ice87 wrote: »

I don't understand this statement. The horse went off and won like a favourite should. Punters weren't ripped off, they gambled on the right horse!!

The horse was 17 or 18/1 on Betfair at the off (EDIT: Just checked his Betfair SP was 18.18/1). This wasn't translated in his on course price. Happens every year, horses ridden by the likes of McCoy, Ruby Walsh , horses coming back after winning before etc (i.e. horses that will be popular with the more casual punter) are always shortened by the bookies and as a result the punter who bets at SP gets a very raw deal

Big Fella Thanks started 10/1 joint Favourite but his Betfair SP was just over 10/1 (10.35/1)

Comply or Die won this in 2008 allegedly landing a huge public gamble. You could have fooled me, his price barely budged on Betfair in the 4 hours before the race

Nulty

Colonel Sanders wrote: »

The horse was 17 or 18/1 on Betfair at the off (EDIT: Just checked his Betfair SP was 18.18/1). This wasn't translated in his on course price. Happens every year, horses ridden by the likes of McCoy, Ruby Walsh , horses coming back after winning before etc (i.e. horses that will be popular with the more casual punter) are always shortened by the bookies and as a result the punter who bets at SP gets a very raw deal

Big Fella Thanks started 10/1 joint Favourite but his Betfair SP was just over 10/1 (10.35/1)

Comply or Die won this in 2008 allegedly landing a huge public gamble. You could have fooled me, his price barely budged on Betfair in the 4 hours before the race

Almost EVERY price was SLASHED in the 10 minutes up to the off. I was nearly looking for a bucket I was so sick. Never seen anything like it. Does it happen every year in the national?

Colonel Sanders

Nulty wrote: »

Almost EVERY price was SLASHED in the 10 minutes up to the off. I was nearly looking for a bucket I was so sick. Never seen anything like it. Does it happen every year in the national?

Pretty much :mad:

As I said its especially bad for horses ridden by the jockeys every person on the street will know, horses who've won before, horses with topical names etc

Really deplorable this year though, Don't Push It's SP was nothing short of outrageous

corny

Colonel Sanders wrote: »

Great news for this legend of horse racing. Great ride and truly deserves his win

A bit of a sour taste was the absolutely disgraceful SP of 10/1. Was trading at about 18 on Betfair when I checked a minute or so before the off. Many once a year punters will have backed this horse and, IMO, will have been well and truly ripped off :mad:

They might have been ripped off in how much they'll get back but at least the bookies will be paying out. The ****ards.

Taxipete29

Colonel Sanders wrote: »

Great news for this legend of horse racing. Great ride and truly deserves his win

A bit of a sour taste was the absolutely disgraceful SP of 10/1. Was trading at about 18 on Betfair when I checked a minute or so before the off. Many once a year punters will have backed this horse and, IMO, will have been well and truly ripped off :mad:

Once a year punters dont really care and those punters who know what they are doing will look for value ie betfair etc.

Most of the money staked on the national comes from the once a year punters and that drives down the prices of the better known jockeys etc.

How you claim the public are being ripped off is beyond me when this is how the system works. Also do you realise how much the bookies have lost on this race???

BTW McCoy is a legend.

Colonel Sanders

Taxipete29 wrote: »

How you claim the public are being ripped off is beyond me when this is how the system works.

on the basis of this

Colonel Sanders wrote: »

The horse was 17 or 18/1 on Betfair at the off (EDIT: Just checked his Betfair SP was 18.18/1).

..........................

Fella Thanks started 10/1 joint Favourite but his Betfair SP was just over 10/1 (10.35/1)

Colonel Sanders

Taxipete29 wrote: »

Also do you realise how much the bookies have lost on this race???

Not as much as their PR reps will have you believe

They do hedge onto the exchanges

convert

Seeing as there was so much discussion about this topic in the AP thread, I thought it merited a thread of its own.

Nulty

It is all about the bookies slashing prices. But then, are most bets not made with Guaranteed prices? most people wouldn't take SP so it shouldn't effect any real punters? Whats the benefit unless most of the money goes on in the last hour

Morgans

Yeah. Its poor practice on the bookies part - of course none of the bookies (using betfair) could back the horse at 18s. Its sharp practice but unless you want a tote system is one you have to suck up. Still though I think they took a caning with the result.

Guaranteed prices isnt quite the norm in england as in Ireland, nor would the housewife's browsing oddschecker or exchanges before they bet.

Bluetonic

Nulty wrote: »

Whats the benefit unless most of the money goes on in the last hour

The majority of money will come in the last hour, and last few minutes before the race.

Especially the big money.

thesandeman

convert wrote: »

Seeing as there was so much discussion about this topic in the AP thread, I thought it merited a thread of its own.

Ah! Was wondering why this started in the middle of nowhere. Went back to start twice cos I thought I missed a page lol.

mdwexford

Oh how i hate Grand National day, had to watch it in the bookies because i was in the middle of driving somewhere and the place was full of teenagers shouting for horses to fall at every fence, was dying to punch one of them in the face.

One a year "punters" are the devil!!!!

Nulty

Overround was dismal. But the bookies got what they deserve in the same way as McCoy did

http://www.racingpost.com/horses/jockey_home.sd?jockey_id=9482

National returns highest SP overround in 20 years
By Paul Eacott 8:52AM 11 APR 2010

BOOKMAKERS in Britain and Ireland on Saturday claimed that Tony McCoy's historic first win in the John Smith's Grand National cost them £10 million on the day the SP overround of the race was the worst for at least 20 years.

Don't Push It could be backed at 22-1 on Saturday morning, and was no shorter than 20-1, but he was among a number of horses to shorten up in the minutes before the off, as a best-price percentage in the morning of 119 rocketed to 155.

The previous worst since 1989 was 152 per cent in 2007 when another maximum field of 40 went to post.

Coral put the total amount paid out in betting shops at around £50m.

Spokesman David Stevens said: "Mon Mome's 100-1 win a year ago seems a very distant memory now, and this year's result has proved that what the National gives to bookies, it can soon take back."

William Hill estimate that ten per cent of all bets struck on the National were on McCoy's mount, leading to losses of £10m.

Spokesman David Hood said: "It is a black-armband day for the betting industry. Time and time again, McCoy heaps misery on the bookmakers, and this time he has done it on the biggest stage.''

Ladbrokes described the most successful jump jockey in history winning the race as "a multimillion pound bloodbath" while Totesport claimed punters "landed one of the biggest gambles in Grand National history".
David Hood

Fred Done was aware of the positive publicity bookmakers gained from the result.

He said: "You pay out with a smile when you see a true champion finally fulfil one of his ambitions."

Paddy Power, who described the race as "probably the worst ever National result", were counting the cost in more ways than one after being forced to pay out on a pledge to sponsor a free bar in Liverpool last night in the event of a McCoy win.

Don't Push It returned the 10-1 joint-favourite, along with Big Fella Thanks, a figure dwarfed by his Betfair SP of 19.2.

On last show, Tote dividends were beating the SP on 39 of the 40 runners with Black Apalachi the only exception.

Hello Bud finished fifth at 20-1 but those whobacked him each-way with Betfred, Coral, Hills and Ladbrokes were losers as those firms paid out on the first four places only.

Boylesports, Coral and Victor Chandler were among the firms to refund stakes to punters who backed King Johns Castle.

Vanbis

Nulty wrote: »

Overround was dismal. But the bookies got what they deserve in the same way as McCoy did

http://www.racingpost.com/horses/jockey_home.sd?jockey_id=9482

I was delighted for Macoy as i am sure alot of people were even if they didn't back him.

On the bookies, they did well at Cheltenham so its Karma

UrbanSea

mdwexford wrote: »

Oh how i hate Grand National day, had to watch it in the bookies because i was in the middle of driving somewhere and the place was full of teenagers shouting for horses to fall at every fence, was dying to punch one of them in the face.

One a year "punters" are the devil!!!!

You never know,they may have fallen into a river after their cans last night.
There was no way McCoy was going to be beaten with a few to go,I don't think I ever saw him work as hard on a horse as yesterday.

RichieLawlor

greetings wrote: »

You never know,they may have fallen into a river after their cans last night.
There was no way McCoy was going to be beaten with a few to go,I don't think I ever saw him work as hard on a horse as yesterday.

Compared to some of APs power packed finishes this was an armchair ride, he said after a mile he thought he would win

larsson7

Nulty wrote: »

Overround was dismal. But the bookies got what they deserve in the same way as McCoy did

http://www.racingpost.com/horses/jockey_home.sd?jockey_id=9482

Really believe this absolute bull from bookies? none of them lost on the National as if!
This price wasn't brought in on the back of laying huge amounts we all know that's obvious.
Bookies know they cant be seeing to be winning again after Chelt, Aintree was another massive profit for them all, fact!

Nulty

larsson7 wrote: »

Really believe this absolute bull from bookies? none of them lost on the National as if!
This price wasn't brought in on the back of laying huge amounts we all know that's obvious.
Bookies know they cant be seeing to be winning again after Chelt, Aintree was another massive profit for them all, fact!

I think it was a bit of both tbh. No doubt the bookies reined the odds but perhaps JP was seen approaching a bookmaker with a fiver in his hand (and another 10,000 in his pocket)

Bookmakers certainly lost on the race but probably not as bad as it looks or they would have us believe

UrbanSea

RichieLawlor wrote: »

Compared to some of APs power packed finishes this was an armchair ride, he said after a mile he thought he would win

Pardon you're right. I only said that cos I was'nt really focusing on him,then I noticed a few out him really working.