Euler wrote:Seriously though, why is there such a range of prices in such a competitive handicap? When are the weights announced?
I know this may sound crazy but the Grand National isn't really competitive at all. It is only considered so based on the size of the field and the attention it receives from the general betting public.
You will not find many serious punters waging large sums on a race like this because so much can go wrong. Having said that, there has been very few shock results, even Mon Mome winning at 100/1 had the profile to win the race...NO, I didn't have it that year but I did have 2nd 3rd 4th and 6th. Here is a list of the previous 10 winners.
Year Horse Age Weight SP
2011 Ballabriggs 10 11-0 14/1
2010 Don't Push It 10 11-5 10/1JF
2009 Mon Mome 9 11-0 100/1
2008 Comply Or Die 9 10-9 7/1JF
2007 Silver Birch 10 10-6 33/1
2006
Numbersixvalverde 10 10-8 11/1
2005 Hedgehunter 9 11-1 7/1F
2004 Amberleigh House 12 10-10 16/1
2003 Monty's Pass 10 10-7 16/1
2002 Bindaree 8 10-4 20/1
You can see that three favourites or Joint Favourites won the race and only two were >20/1. I did have Silver Birch the year he won because he had the profile to win and he had been purchased and trained with the Grand National in mind. I know many horses are supposedly trained for the National but not all of them have the necessary tools to complete the job.
When I choose horses for the Grand National I put a line through horses that fail to meet the first criteria. I keep cutting them until I get a list of around 6-7 horses. Then I look at the prices on offer and I expect them to be 3/1 or higher for a place. So if possible I want ~12/1 for me to personally consider it a bet because I want to play each way. I will then consider a win bet only if the price is <10/1 if the horse is a strong contender based on my selection process.
I also have to factor in my family as they will take my list and choose the horses they like. Occasionally they will add other horses but they don't worry too much about the odds so I try and steer them away from crazy selections.
I'm still cutting runners from this year's race.
JG