Well I cannot really lay claim to the 1.01 IR nice though it would've been!
The idea behind my ramblings is to make people aware of how wrong the prices can be at time. Ultimately the market is never wrong because it only moves according to the money flowing into it. However, what this shows that at some stage some people will say "hang on, this price is a bit too low, 7f, two improvers, poor draw" and so the price can move out quite nicely. This was down at 2.40 and went close to 3.0 pre-race!
It also demonstrates that bookmaker's are not stupid. They know that "mugs" will back these so called good things at low prices because they live and bet on the premise that a short priced horse that has been backed has to be a good thing. My crazy ramblings have demonstrated that is simply untrue. Also, despite there being a couple of winners amongst my posts they have all either drifted pre-race or traded as advised at much higher odds in running. That makes a profit to people who are prepared to take a different view to most of the people out there.
You can also see why you need a value price of around 3.00-3.25 to be backing today's runner. If that horse runs next time it will be short again and so you will not be able to show a profit. By not backing it today you can forget it next time and still be level. I was always told "if you didn't go the wedding, don't go to the funeral" it's a cliché but it's true!
If someone on here did manage to lay this at 1.01 IR then mine's a large one!
