My firm had a skinner in the last and ended up losing another 12k to Bf today.
It is swings and roundabouts, but these festival meetings are v v lumpy.
There is still lots of money on-course, if you bet in the right areas. The firm acquired the rights to bet for the 5 days of Royal Ascot in the Royal enclosure for about 160k, about 6 yrs ago. Over the 5 days, you tend to pay 6k in expenses, and win 10k net.
Its debatable whether 10k a yr return is attractive for an asset that cost 160k, and might be lost, if Ascot becomes a housing estate - which I agree is a big price.
I always wonder what life hacks the royal enclosure punters have found that mere mortals haven't.
1st race - a punter had 1k ew a 8/1 chance that was 3rd in the stewards. He was gonna draw etc, but as the stewards took long, they priced up a flimpy show of 4/1 etc, and he had the 2600 on at 4/1, when it was 5/1 on the machine.
The prices offered are generally 15-20% 'wrong' - thou you have to build in profit margin to pay expenses/price of asset. Make no mistake, Royal Ascot is not a cheap place for bookies to bet at - u pay probably 3k to bet for the 5 days.
Royal Ascot 2022
- Realrocknrolla
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Currently heading for a better year than last. Still two days to go!Realrocknrolla wrote: ↑Thu Jun 16, 2022 7:51 pmGood to hear.
Not followed your performance recently… have you improved on last year?
Tuesday was good, Wednesday was better, but I couldn't find much yesterday.
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its times like this I wish I was a bored billionaire just so I could wipe out that 80k on Inspiral
You'd have made a bit tooTrader Pat wrote: ↑Fri Jun 17, 2022 4:23 pmits times like this I wish I was a bored billionaire just so I could wipe out that 80k on Inspiral
- Realrocknrolla
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Good to hear.Euler wrote: ↑Fri Jun 17, 2022 1:26 pmCurrently heading for a better year than last. Still two days to go!Realrocknrolla wrote: ↑Thu Jun 16, 2022 7:51 pmGood to hear.
Not followed your performance recently… have you improved on last year?
Tuesday was good, Wednesday was better, but I couldn't find much yesterday.
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True!Naffman wrote: ↑Fri Jun 17, 2022 4:44 pmYou'd have made a bit tooTrader Pat wrote: ↑Fri Jun 17, 2022 4:23 pmits times like this I wish I was a bored billionaire just so I could wipe out that 80k on Inspiral
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