Betfair layers reeling after Gin Palace turnaround.
DOZENS of Betfair punters were left feeling maudlin yesterday when 4-1 favourite Gin Palace landed Newbury's opener having been the subject of pounds 99 worth of matched bets in-running at odds of 249-1.
Not for the first time in recent weeks, the perils of trading during a race were highlighted when Gin Palace, seemingly in trouble early in the straight, conjured up a late surge to score by a neck.
In another disastrous result for certain unfortunate Betfair layers, Doncaster's Cammidge Trophy winner Red Carpet was the subject of pounds 219 worth of matched bets at
29-1 after the start of the
Revealing that the biggest single matched bet on Gin Palace was for pounds 15, Betfair director of communications Mark Davies said: "The television camera angle was incredibly deceptive and Gin Palace's price became erratic depending on which camera angle was in use. Within seconds, the horse's price traded down from 249-1 to 40-1 to even-money.
"When a horse drifts badly on the site people cry foul but the fact is that this happens all the time, horses drifting and going on to win."
Earlier this month, pounds 3,122 was matched in-running on Jaybejay at 1-100 in a Wincanton novice chase only for the leader to fall at the final fence. At the other extreme, pounds 69 was matched on fortuitous winner Razer Blade at 89-1.
Mark Davies "Horses drift badly and still win"
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|Publication:||The Racing Post (London, England)|
|Date:||Mar 23, 2003|
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