Saturday, December 6, 2008

The tale of the heavy backer

After a really good days work on Saturday I settled in to tidy up paperwork etc. in the evening. I often have the evening races up, just in case an opportunity strikes. I was watching the 19:50 at Wolves when I noticed an enormous amount of money backing 'Doubtful sound' just before the off. Intrigued I grabbed a few screen shots and watched the race. 'Doubtful sound' won.

Roll onto 21:20 and again a huge amount of money appeared in the market just before the off backing 'Zuwaar'. This time I was ready so I grabbed a ton of data and kept my eye on things. But what I also did this time was put some money on 'Zuwaar' to win and carried it in-running. Being the risk averse type of person I am, I opted to immediately placed a lay bet at a much lower price to trade out if, as suspected, he ran well. 'Zuwaar' won.

Both sums of money were very significant given the volume traded on each horse prior to these big gambles. At first I thought it was somebody trying to do a major league spoof on the market but the money was stuck at the price,being filled and looked very real. An interesting and curious couple of races.