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Tuesday 10 September 2024

Historical Upsets You Wish You Had Bet on


There is an English phrase that goes ‘hindsight is 20/20’

Things and events are always more apparent when we look back at them. Sadly, short of turning back the hands of time, we are often left with regrets. Well, for the optimists, it is a case of lessons learned.

That is particularly true when it comes to horse races and gamers’ decisions. History is fraught with incredible moments when racing outcomes left punters wishing they could have been there and aggressively played the stakes differently.

Here are some of the historical upsets in horse races that undoubtedly left punters biting their knuckles in pining lamentations and, in some cases, regret.

  1. Grand National, 1928

William Dutton was an amateur jockey participating in a global horse racing sensation, the Grand National horse race in Liverpool, England.

Just before the race began, one of William's buddies called out in jest, saying, “Billy boy, you'll only win if all the others fall!”

And fall they did! All 41 of them, leaving Dutton's Tipperary Tim as the first horse to cross the finish line.

Due to the misty and muddy conditions in the arena, all the 41 other competitors slipped and fell.

Although some competitors nonetheless got back up and attempted to finish the race, they proved to be a little too late, leaving amateur Dutton and his trusty Tim to take the 1928 Grand National title.

  1. Kentucky Derby, 1953

Native Dancer (a.k.a the White Ghost) was an American thoroughbred who dominated the news and television broadcasts due to his impressive wins and performance.

According to the Blood-Horse Magazine, the stud is ranked 7th in the Top 100 Racehorses of the 20th Century.

However, one fine morning in February 1953, Native Dancer, who was 3-years old, faced off against an unexpected rival- the 2-year old Dark Star.

Although Native Dancer appeared to have the odds stacked in his favor at the beginning of the race, Dark Star soon set a blistering pace leaving the seasoned 3-year old struggling to keep up.

While he put up a good fight, Native Dancer still finished a head short of Dark Star’s unexpected lead.

  1. Kentucky Derby, 2019

Fast forward to more recent times, the 2019 Kentucky Derby once again witnessed another shocking upset when Country Horse won the race following the disqualification of Maximum Security, who was a popular favorite.

Even more shocking is that the disqualification came right after Maximum Security had crossed the finish line in the first position ahead of Country Horse.

However, following a complaint lodged by Flavien Pratt, a jockey, the leading horse was dispossessed of that win. That was due to its interference with other horses during the race, which had resulted in a near spill.

It was an unexpected result since it was the first winner disqualification in Kentucky Derby's 144-year history.

To sum up:

Like most competitions, horse racing is as thrilling as it is nerve-wracking. For punters looking for an adrenaline rush, they are worth playing.

Most of the upsets in sports are often unforeseeable and form part of the excitement.

Nonetheless, those looking for mild enjoyment or are unwilling to enjoy the self-induced high octane adrenaline rush that comes with race bets can still opt for 3D slot Games.

These are available in brick-and-mortar casinos and online gaming sites. Compared to the racing bets, slot games require little background knowledge and can be played by gaming newbies and veterans alike.


Monday 5 August 2024

Betting Big Odds On

The shorter the price, the better chance of winning.

Statistically that is correct but what about value?

Phil Bull, the founder of Timeform, said that an odds-on shot could be value. He made his betting pay as a professional gambler in the late 1930s. By all accounts Bull was one of the most influential gamblers we have ever seen in the United Kingdom.

I think every gambler has bet odds on. It seems a good idea at the time. That’s betting odds against, meaning your stake is bigger than your potential win. Obviously you get your stake back. For example, you bet 4/6f. Let’s set the scene. You wander up to Honest John Turf Accountant at Great Yarmouth who loves to shout: ‘Money without work!’

You say: ‘£600 to win £400’.

When it wins, you walk away with £1,000.

A Cockney Geezer shouts: ‘A bag of sand!’


I remember years ago when my brother and I first started to bet. We specialised in the niche of two-year-old horse racing and compared to most of the population we were exceptional. There is no replacement for hard work and we put in the hours to know the form book inside out, had insight to the best unraced horses in training and were a couple of anoraks if you had ever met a pair.


We went for a day’s racing at Great Yarmouth.


Always a lucky track.


It was back in 1989. We were just nineteen years old. I say we, because my brother and I are twins.


It was 19th July.


The first race on the card: 2:15 Yarmouth – EBF Cotman Madan Fillies Stakes over 7f. Going: Firm.


We had our eyes on the two-year-old race.


That was the day we’d dip our toe into backing odds on.


Henry Cecil (pre knighthood) trained a filly in the old maroon and white silks of Sheik Mohammed, called Wajna. Not only was she priced 1/2f but it was her debut. Never mind, we had Steve Cauthen in the saddle.


We’d heard he had a stopwatch inside his brain.


‘It bloody needed to be decent at 1/2f.’


Tony went up to some random bookie and bet £100 to win £50. We felt very confident before placing the bet but as soon after we questioned whether it was a good idea at all. In fact, if we could have sidled up to the bookie and asked politely for our money back we would have done!


It was too late.


At that time, £100 was a lot of money to us. Thinking all these years on, I can safely say I would never have placed that bet now. Was it value at those prohibitive odds? You can make your own mind up.


I know what you are saying: ‘It depends on whether the horse won or lost.’


Too right.


We had seven horses in opposition. Half of the field were priced at odds of 25/1 or bigger. The second favourite priced 9/2 was another debutante called Varnish, trained by Lord Huntingdon, in the ownership of The Queen. Ben Hanbury had the third favourite named Lady Wishing Well (the name itself made me think I was tempting fate) priced 7/1. While Sir Michael Stoute had the last of the half fancied horses priced 10/1.


It was minutes before the off.


I felt slightly ill. Thoughts kept flickering through my mind from our horse winning impressively to getting stuck in the stalls. Back in the day, TV adverts promoted Hamlet cigars, where someone in a moment of peril or impending disaster would find comforted enjoying a pleasant smoke. I had visions of either Steve Cauthen or Wajna emerging from the starting stalls in a cloud of smoke.


Cigar smoke.


‘Happiness is a cigar called Hamlet. The mild cigar...’


Before we knew it, the race had started in earnest and Wajna was leading. Every moment a horse you backed is leading is pure pleasure. The sun is shining, the seagulls are calling your name, and the ice cream man is even offering an extra flake in your 99. Visions of Sir Winston Churchill with his victory v.


Honest John is shouting: ‘Money without work!’


However, that winning feeling was threatened at the two-furlong pole as Varnish, under an inspired ride from Tony Ives, threw down a challenge. I’m not sure if my brother looked at me first or me him but we both had a panicked look and pale complexion. This was in the days before the big screens and without binoculars 400m looked a long way in the distance. I’m not sure who the commentator was that day but I suspects they had bet on Varnish as they gave the impression it was very close.


Coming into the final furlong we could see Wajna held a length advantage but ridden quite vigorously by Cauthen. We were shouting like a couple of girls. The crowd was screaming. And I’m pretty sure I saw Henry Cecil shout in triumph as Wajna crossed the line to win by a length.


To be honest, I was just pleased the race was over.


If the race had been one mile six furlongs I think one of us would have been calling for the St John’s Ambulance or a dose of Ketamine (horse tranquilliser, or, at least, a couple of mild cigars).


Tony went to the bookmaker and collected £150.


We looked at each other and said: ‘Never again.’


Talk about ‘buying money’.


As it turned out Wajna (just like Phil Bull would have said...) was a value bet!


Thank the Lord that day went to plan.


Monday 17 June 2024

Horse Racing Papers: Remember The Old Sporting Life?

Back in the 1990s my brother and I used to have the Racing Post delivered every day. I’m sure the paperboy must have thought we were a couple of addicts. We must have been 20-years old and our love of horse racing, specifically two-year-old horses racing, was undertaken with professionalism. There wasn’t a horse we could detail its form, a trainer’s name forgotten, an understanding that went beyond our years.


Like a good horse we were precocious.


In those days having access to the Racing Post was cutting edge. It was before computers or smart phones. I remember watching horse racing results on Teletext. I doubt anyone under fifty would even know what it was (it later became redundant with modern technology). The racing publications were the lifeblood for horse racing fans. The daily papers may have detailed horse racing but it didn’t show previous form, the tissue prices were something pulled out of a hat and had no reflection to the starting price and it was like going back to the dark ages. The racing publications changed all that.


The Sporting Life was the first publication of its type. It was the original racing paper and eternally accepted as the best. It had no competition. There may have been The Horse & Hound but that was more about country life and wellington boots. I don’t think it lowered itself to the level of some nag jumping hurdles at Plumpton.


I rarely purchased the Sporting Life. It was a bit before my time. Well, me time of my interest in horse racing. The Racing Post did the job nicely so I wouldn’t purchase its rival unless it had sold out. I remember one occasion going to the races by train. It must have been a day out to Great Yarmouth. I’m not sure if I purchased the Sporting Life or my brother or cousin, Danny. Someone bought it. I was pleased as it was better than the daily papers which I scorned.


However, the killer blow for the Sporting Life wasn’t so much the lack of information but its size. When spread open it seemed to be about a metre wide. Perhaps that is an exaggeration although I don’t think so. It must have been one of the biggest newspaper-style publication in the world. You’d be siting side by side on the train and half of the paper would be on someone else’s lap. You’d say: ‘Can you read that paragraph for me. Or, what is the form of Master Trooper in the last race at Catterick Bridge?’


I think the demise of the Sporting Life was due to its size. If only they had made it smaller like the Racing Post. It was like a big, clumsy dinosaur that couldn’t escape it’s smaller, faster prey. It was only a matter of time before it became extinct. Well, disappeared from the news stands. It remains online, although it isn’t as in depth as the paper (at least I don’t think it is).


The race for victory went to the Racing Post.


When I purchased the Racing Post in those early years it cost £1. I think it is now £2.80. It may be more. These days I try not to buy it using the online app as it’s cheaper and does the job although you need to subscribe to get all the features.


How times have changed.


In the 1990s I felt like a professional gambler going to the races with the paper under my arm.


Now, horse racing punters have a wealth of information at their hands. It is a far cry from the old days.


No wonder the Sporting Life was on borrowed time. It expired.


It was simply too big to handle.

Thursday 16 May 2024

Don’t Be Scared To Take On The Favourite


Are favourites poor value?


The quick answer to the question is yes.


When a bookmaker makes his book, just like the casino’s house edge, they keep a little bit of the pie (so to speak) for themselves. For example, the 2:05 Southwell was won by Deal Maker [3/1] trained by Charlie Johnston. The horse placed second, Violet Love, 11/8f, and Awj finished third, priced 17/2. Clearly, the favourite wasn’t a value bet finishing second. The full result on the Racing Post details the total SP [starting price] 113%. A perfect book would be 100%. If you had bet on all of the horses in this race you would lose 13% of your stake. Like all statistics, a bigger sample of data is needed. Imagine if this race was run 100 times. A bookmaker would be confident, based on luck, winning £130 from each £1000 bet.


There is a different angle to this and that’s related to skill. Unlike the house edge at the casino, which is based on luck, an astute gambler can win and it’s the reason why accounts may be limited or closed.


As a gambler, I would rather oppose the favourite. That is my general answer to the question but clearly each horse needs to be assessed on its merits. Although I wouldn’t bet odds-on. If I miss a winner then I can live with it. The reason being, you have to draw the line somewhere. If you don’t, there is no line and whether you believe it or not that is a mistake.


Gamble with a set of rules and guidelines. They should be imposed by discipline.


My friend Eric Winner said that most favourites need to be priced about 3/1 to break even. Once again, that looks at the whole rather than the individual. You can look at horse racing from every perspective. If you are making money then you have found value. You are correct in your understanding.


However, I look to take on favourites because that’s where the value hides. I’d rather look at the third or fourth favourite with the bookmakers which may be 10/1 (could be much bigger on the exchanges so there is even more value) knowing that I only need one in ten winners to break even.


It pays to go against the crowd when gambling.


How can the majority of people be right? Perhaps that is a ridiculous statement (because at times they are correct). Generally, the collective is wrong. In my opinion, betting odds-on leads to poor value. That wasn’t always the case but it is these days.


Set out your gambling approach.

The reason being, if you aren’t in control of your actions then you may be manipulated by others. It all sounds a bit like cloak and daggers but I’ve seen enough, especially on the betting exchanges, to consider there are some very clever gamblers out there who use psychology as a tool of advantage. You don’t want to be on the receiving end of that because you will lose.


For most punters, the favourite is the start and finish of the gamble. They don’t see or bet beyond it.


I appreciate the favourite may be the horse to beat. I’m certainly not afraid to take it on. In fact, I look forward to the opportunity. If you wouldn’t bet on a short priced favourite then the race is made void by that action. But what happens when the favourite loses? You may be thinking ‘I had my eye on that winner and look at the odds it won!’


The next time you see a favourite, don’t be scared to take it on.


The chances are it’s poor value.