Racehorse Ownership: Gambling within the rules

A look at how owners of racehorses must fulfil the sport’s rules when it comes to gambling.

 

  For many owning a racehorse can simply be fulfilling a dream.  Racehorses can provide their owners with the fun and excitement a day at the races brings.  However, there are rules set by the sport’s governing body, the British Horseracing Authority, on how owners should conduct themselves when it comes to gambling.

  Whilst, there is nothing illegal about betting on a horse you own, betting against it is another matter.

  Rule E 92.2 of the BHA’s horse racing rules states an owner must not lay any horse in their ownership to lose a race, instruct another person to do so on their behalf, or receive the whole or any part of any proceeds of such a lay.

  There have been cases in recent years of owners laying to lose.  In a speech given to Racing Commissioners International in March 2011 at their annual conference in New Orleans, Paul Scotney, former Director of Integrity Services, Compliance and Licensing at the British Horseracing Authority said  “Since 2003, the Integrity Department at the British Horseracing Authority has investigated 131 cases involving corrupt betting activity (21% of the total number of investigations – 628) by those using the exchanges. Around 10% of those cases have resulted in serious disciplinary action being taken against either the jockey, trainer or owner”.

  “Perhaps perversely, as many have commented, whilst exchanges have created this new avenue for the corruptor, none of the cases against corruptors operating through their platform would have been successful without the full co-operation of Betfair”.  I decided to ask a racehorse owner-trainer how she felt regarding laying to lose and whether it threatens the integrity of the sport of kings.

  Nikki Evans runs a small yard in Abergavenny, Monmouthshire.  As well as being a racehorse trainer for many sole owners she also trains for a couple of syndicates as well as having two horses of her own and two of which she holds a share in.  I asked Nikki’s thoughts on whether the ability to lay a horse threatens the integrity of racing.

  “Laying to lose isn’t what racing is about, it’s about winning.  It makes racing look crooked, people not wanting to win”.

  When I asked her if she thought low levels of prize money contribute to individuals laying horses to lose, the owner-trainer had this to say.

  “The prize money isn’t the problem.  Where you have betting you will always have people who want to cheat.  When you go into racing, everyone knows what the prize money levels are so you know it’s not a get rich quick. 
I think betting to lose should be stopped as it’s never right.”

  I asked her if she thought there was any way to stop horses being laid on the betting exchanges by owners and associates of them.

  “The only way to stop it is by banning it because one person speaks to another and so on and then you have twenty people knowing it is supposedly ‘stopped’.  These people are friends of friends of friends so there is no real way of tracking them.  Exchanges are bad news and I don’t think the money goes back into racing.” 

  “The way I look at betting is like this.  We should be like France so all betting revenue goes back into racing.  This would sort out the prize money problem, and then the courses would get a percentage of the revenues, thus the entry fees to the courses may become cheaper.  For example, going to the Arc meeting in Paris can cost as little as ten euros whereas going to Cheltenham would cost a fair bit more, so by making it cheaper you could open racing up to more people which would have a ripple effect right though racing, from new owners to casual race-goers putting money back into the racecourses”. 

  I decided to speak to the BHA’s Media and Communications Assistant Rhys Williams for his views on the subject.  “Regardless of low prize money and a betting exchange environment, where there is betting on horseracing, or any sport for that matter, there is always likely to be those that will see an opportunity to cheat. However the BHA is a world leader in identifying corruption and dealing with it. Regarding exchanges, we work closely with betting exchange operators, who share their information with us to identify suspect layers. This has allowed us to bring several successful cases in front of the Disciplinary Panel, with individuals being warned off from the sport.  Former licensed jockey Andrew Heffernan, and eight other individuals were excluded from horseracing for a combined total of over seventy years. Information shared by the exchange companies was important in allowing the BHA to pursue this case”. 

  Many may not be aware of the RaceStraight service, a telephone line available for anyone to report any suspected wrong doing in the sport of horse racing.  People can also fill in a contact form via the BHA’s website to report any misgivings they may have about the sport.

  The BHA in November of 2012 announced the forthcoming introduction of race values.  Agreed by both racecourses and horsemen, compared to the 2012 Horsemen’s Group tariffs, prize money could increase by around twelve percent in some races across the calendar this year.  Although minimum values had been applied to racing previously, beyond Class 3 events it was all but ignored due to the fall in levy.  This new race value process will form part of the rules of racing and hopefully see a more generous return for races in the past that may have offered less prize money to owners and trainers.  Whether this will help in the sphere of laying to lose, time will tell but for the moment it is certainly an altogether positive move for racing in 2013.

 *Betfair declined to comment when I asked for their views.

 Read and comment on my weekly racing pieces via http://coylealan.moonfruit.com, http://www.valuehorsetips.co.uk/category/alan-coyle/ or follow me on Twitter @coylealan

Posted in Alan Coyle

Aintree Review

By Alan Coyle

Auroras Encore.  The horse that won the Grand National and elevated jockey Ryan Mania and trainer Sue Smith into the pages of Aintree folklore.  At odds of 66-1, there probably weren’t too many in the grandstands toasting his victory, but the most significant thing for the sport was the emergence of all horses getting round in one piece.

Thursday’s highlights saw Zarkandar and First Lieutenant get on the score sheet not to mention the 100-1 winner of the John Smith’s Fox Hunters’ chase Tartan Snow.

Friday was a more punter friendly day with My Tent Or Yours registering a bloodless success in the Grade 2 novices hurdle.  Dynaste made amends for his second at Cheltenham when running out a six-length winner of the John Smith’s Grade 2 Mildmay Novices’ Chase but without doubt the most impressive performance of the day and meeting came in the shape of Sprinter Sacre, who brushed off his rivals with disdain when slamming Cue Card by four and a half lengths, winning eased down towards the line in the Grade 1 John Smith’s Melling Chase.

At Fishers Cross was able to handle the faster going in the John Smith’s Sefton Novices’ Hurdle in one of the later races of that day and confirmed he too is a bright talent to look forward to seeing in action next season.

Saturday was something of a punters’ graveyard with probably the only winner many will have latched on to being Solwhit in the Grade 1 John Smith’s Liverpool Hurdle.

Going forward Sprinter Sacre is expected to be at Punchestown provided the ground doesn’t come up heavy along with Sir Des Champs, Long Run, First Lieutenant, Solwhit, Quevega, Hurricane Fly and Rock on Ruby among the other highlights of the meeting to enjoy.  The Punchestown Festival is just over a week away with the season pretty much culminating in the Bet365 Gold Cup at Sandown Park a week on Saturday.

Much to ponder for National Hunt fans over the summer months and the flat season to enjoy too.  In what will hopefully bring some bright, warm summer evenings in the coming months, get along to your local racecourse and have a pint or tipple of your usual, although beware the summer rainstorms.  I nearly lost a good shirt one evening at Hamilton.

Posted in Alan Coyle

Aintree Day 3 Pointers

It was a good day for favourite punters, and not a bad day for us with a couple of places and the biggest bet of the day on Cue Card coming in. Cue Card ran out of his skin but was overshadowed by the immense performance of Sprinter Sacre!

Our Final Day fancies are below, but if you are looking for our Grand National selections please have a look at the blog post we did last night.

1.45 - John Smith s Mersey Novices Hurdle – Up And Go 2/1 NAP.This has clearly been the target for this horse and has impressed on last few runs, with that form looking strong. Has to prove he can handle this ground but a classy horse and a strong selection. 6th -1.5

2.15 -John Smith s Maghull Novices Chase – Sire De Grugy 8/1 EW. Should go really well tomorrow, despite being a tough ask against useful rivals he should make a bold bid and looks a decent price to do so.Decent 2nd behind Captain Conan before winning again at Lingfield in November. has been rested since and ready to strike. 4th -1

2.50 - John Smith s Liverpool Hurdle – African Gold 10/1 EW. Ran a cracking race behind At Fishers Cross at Cheltenham, and with ground drying out look a decent prospect at again a nice price. 5th -1

3.25 -  John Smith s Handicap Chase – Opening batsmen 8/1 EW.Still plenty more to come from this selction who won for us on penultimate start before being very impressive last time out at Kempton. An 8lb rise is fair and if can continue progress should go close. PU -1

4.15 - John Smith s Grand National Chase – Selections on GN Blog 2nd/3rd/PU +1.75

5.10 - John Smith s Handicap Hurdle – Cockney Sparrow 9/1 EW.Very interesting from the foot of the weights, and although is the only 4 year old in the race beat a subsequent winner last time out at Doncaster. Although inexperience may be a negative he looks exciting and has the potential to be quite a bit better here. Won +5.63

We will not be having a bet on the Bumper.

Total = +2.88pts

Good Luck,

VHT Team

Posted in VHT Tips

Grand National Preview

As the Grand National looms, the nation descends to have a bet on the historical race (estimated 50% of the adult population has a bet on the race), and for those not placing a bet on the ante post markets the time has come to decide where their money is going. Our advice would be to use low stakes and go EW on three horses. Everyone knows the National is a lottery but you can swing the odds in your favour with a couple of solid selections, and lets admit it, it is more about finding a winner to brag to family and friends than turning over a profit (much better races to do so if this is your aim!).

 

We have broken down the field to find 3 selections that we feel are worth your choice, by the end of the 4 and a half miles and 30 fences let’s hope we have a couple finishing in the places. Bet Victor are paying 6 places for the National and would therefore be our choice for placing bets as that additional place could make all the difference!
A couple of things we like to look for in our Grand National selections each year is to choose horses within certain parameters including:

- Carrying between 10 & 11 and a half Stone

- In general we try and pick a 9 or 10 year old but there are some exceptions

- Not the Favourite!

Our Selections

Teaforthree 16/1 EW

Balthazar King 20/1 EW

Cappa Bleu 14/1 EW

Posted in VHT Tips

Katie Walsh Can Ride Seabass To Victory In Grand National

By Abby Rugg

Will a female jockey win the Grand National?’ is the question that has been hitting the headlines this week, and I think it could happen.

Katie Walsh, sister of champion jockey Ruby Walsh, is the only woman riding in the race and she will be partnering Seabass again, who finished third last year.

Seabass almost galloped to victory last year, but couldn’t quite keep up with Sunnyhillboy and eventual winner, Neptune Collonges.

But I believe Katie has come back stronger this year and will charge past the post in prime position.

My money is on her.

I remember watching the 2012 Grand National. I was at my parent’s house and we had a family friend over.

He decided to watch the race with us, and when Katie was broadcasted on our television screen, he said: “She won’t win. She’s a woman.”

No one really knew how to answer him. But I did. I replied that being a woman makes no difference to winning or losing, and I believed Katie would produce a world-class performance, as she always does.

And she did. Third position is great – a fantastic achievement, the best position by any female jockey in the race.

But Katie can finish in a better position this year. She can win and everybody knows it.

At the moment, Seabass is around 10/1 to win, and Katie’s brother, Ruby, is currently favourite with On His Own at 7/1.

A jockey needs a lot of luck in the Grand National, but with focus and determination, I am positive Katie will do the girls – and racing – proud.

Posted in Thursday Thoughts from Abby Rugg

Aintree Pointers Day 2

It was a Successful first day for VHT followers gaining 3 Winners on Day 1, which was no mean feat judged on some of the big prices that went flying in! Tomorrow looks a tough day with some strong favorites but we have had a look and tried to bring you some value in the market.

Here are our Pointers for Day 2:

2.00 - Rose Appeal Supports Alder Hey Top Novices Hurdle – MY TEN OR YOURS 4/11 No bet – Impossible to oppose in our honest opinion and should gain compensation for his 2nd behind Champagne Fever at Cheltenham, we will watch the race and enjoy! WIn

2.30 - John Smith s Mildmay Novices Chase – Sea Of Thunder 11/1 EW - Dynaste disappointed at Cheltenham and although expected to do better here we don’t feel inclined to get stuck in once again and would side for the value in our selection who will enjoy this better ground under Geraghty. PU -1

3.05 -  John Smith s Melling Chase – Sprinter Sacre/Cue Card w/o market 13/8 NAP – It is hard not to love everything about Sprinter Sacre and it will be interesting to see him run over this 2m 4f trip. Cue Card was also mightily impressive at Cheltenham and may be worth a punt in the w/o favourite where he can be backed at 13/8 with bet365. Win +2.43

3.40 – John Smith s Topham Chase – Jamsie Hall 16/1 EW/Gullible Gordon 16/1 EW – A wide open race in which we suspect will be one for the bookies, so we would advise small EW stakes on the two selections who we have a small dancy for. 17th/5h+0.5

4.15 –  John Smith s Sefton Novices Hurdle – Our Vinnie 10/1 EW. Was travelling nicely last time when brought down and deserves his place in the lineup, has great place claims although At Fishers Cross will be very hard to beat and we wouldn’y be advising big stakes again.NR 

4.50 - John Smith s Daily Mirror Punters Club Handicap Hurdle – Meister Eckhart 10/1 EW – Cracking 2nd last time out at Cheltenham, and with a 4lb rise looking fair he should be thereabouts again under Aidan Coleman for Alan King. 3rd +0.75

We wont be having a bet in the Bumper.

Total = +2.68

Good Luck, VHT

Posted in VHT Tips

Aintree Day 1 Pointers

As we gear up for the big event on Saturday, where the nation enters into the sport for their one day of the year, we will be aiming to bring you selections for each day of the festival, bringing you what we feel is value in the market, including our Grand National Betting Tips. We do not have the advanatge of bookies sleeping and overpricing selections like they do a Monday meeting at Plumpton for instance but there is still value and profit out there!

We have collated what we feel to be some of the best options on Day 1 at Aintree:

2.00 – Matalan Anniversary 4-Y-O Juvenile  - Ruacana 9/1 EW. Was unlucky time at Cheltenham, and his 3rd behind Our Conor at Leopardstown the time before looks interesting form coming into this.Visor worn last time is discarded tomorrow. 6th -1

2.30 - Betfred Bowl Chase - First Lieutenant 7/2.Silviniaco Conti is an obvious starting point after going very well in the Gold Cup before he came crashing down, but the value option is clearly FL, and we fancied last time out when could have perhaps been given a better ride behind Cue Card and is given another chance tomorrow. 1st +3.5

3.05 - John Smith s Aintree Hurdle – Grandouet 9/2. It would be no surprise to see Oscar Whisky bounce back from his utterly disappointing Cheltenham display but he is unbackable in our eyes.Barry Geraghty has opted to ride Grandouet and this looks the best option for us.he has to prove he stays this far but was travelling well last time before falling and looks a decent price to come out on top. 6th -1

3.40 – John Smith s Fox Hunters Chase – Cottage Oak 7/1 EW (take 4 places with several bookies). A tight race in which wouldn’t advise large stakes. The selection has impressed us with his jumping  and his 3rd to Salsify at Cheltenham looks decent form. 8th -1

4.15 - Matalan Co Uk Red Rum Handicap Chase – Silver Roque 12/1 EW.A past winner for us when reappeared this season for Fergal O’brien and took another step forward at Newbury last time. Cheekpieces are on tomorrow and we fancy to run a big race. 9th -1

4.50 - Betfred Manifesto Novices Chase – Captain Conan 7/4 NAP.  Brings the best form into this after finishing gallant 5th last time out and with still more to come over fences looks the best bet of the day to us. Win +2.63

5.20 -  Silver Cross Handicap Hurdle – Battle Group 8/1 EW.Again a tough looking handicap in which we will not be getting too excited from a betting proposition but selection has joined a new yard and interesting that has been strong in the betting with cheekpieces on tomorrow, and well below his last winning mark. We will get on board here as looks on a decent price, but definitely a first or last sort of horse. We expect the price to drift out so BOG and EW essential. Win + 5

Total from 1pt standard stakes = +7.13

Good Luck, and Enjoy!

VHT Team

 

 

Posted in VHT Tips

Virtual Horse Racing

Horse racing has long been one of the most popular sports to bet on, and it is one that has comfortably made the transition to the modern, internet age, as it is much more convenient for people to bet on horse racing at a sports betting website from the comfort of their own homes. Another form of gambling that has really taken off in this era is casino – thanks to the rise of online casino sites like iPhonecasino.ca – and given that so many horse racing fans enjoy other forms of betting, it’s surprising that casino sites haven’t looked to provide more horse racing games before. Now, virtual horse racing casino games are available at a touch of the hand.

For example, a game such as Premier Racing, which has become arguably the single most popular virtual horse racing game to hit online casino sites, offers players superb graphics that capture the experience of watching a live horse race perfectly. It creates the image of the Birchfield racing track and the horses so brilliantly that it is genuinely hard to believe that none of it actually exists. The game also provides you with a wealth of information about the horses competing in this virtual race – as well as the jockeys – making it a fascinating game for those with a deep interest in betting on horse racing.

Of course Premier Racing, which replicates the experience of betting on an actual horse race, in the online casino world, is not the only virtual horse racing game on the market. Another popular game in this area is Golden Derby, which again uses high quality sound effects and graphics to make the game realistic and immersive – as well as offering impressive jackpots. These games allow you to enjoy horse racing and betting during times when there are no real life races to bet on, but also help you to learn more about the sport.

Posted in Uncategorized

Aintree Preview 2013

By Alan Coyle

 Three days in April.  One of the final chapters in this season’s National Hunt campaign.  Many races to enjoy with the biggest stars on show being Sprinter Sacre and Silviniaco Conti, as well as the up-and-coming brigade such as The New One, My Tent or Yours and At Fishers Cross.  That’s not forgetting the matter of arguably the world’s greatest race in the shape of Saturday’s Grand National.  With some decisions still to be finalised, like Ruby and AP’s mounts for the big one itself, the picture will shortly become more focussed before being crystallised when the three days have passed over.

Channel 4 has been leading the Grand National 2013 charge with it’s bold and brash in-your-face television advertising of the race and has also had billboards across the country to advertise to the public it is the new home of the Grand National.  It has largely been congratulated by the racing public for showcasing racing but there have been one or two voices of caution sounded, including from myself, when it advertises racing the as the original extreme sport.  What has happened in the last few days with JT McNamara would render the dangers of our sport but we do have to be careful how we portray ourselves to the masses as there are many who wish to see the sport banned altogether and we should not add any fuel to the fire.

On the racing front itself; I am very much looking forward to seeing how the up-and-coming brigade fares.  At the end of the season, some performances do have to be forgiven and bets do have to be tempered but that does not deter from one’s enjoyment of these three days.  More champions will be crowned, more reputations will be put on the line and, ultimately, another National winner will be borne out from a marathon over arguably Aintree’s safest course for the runners to date, what with the various modifications that have been made over the past year.

Whatever your bets we shall see in the next few days and look forward to the new season after Punchestown have staged their meeting and the Bet365 Gold Cup has seen us out at Sandown on Saturday, April 27, 2013.  Not to worry, however, as the new National Hunt season starts the following day on Sunday, April 28, 2013.  Enjoy!

Posted in Alan Coyle

Grand National 2013 Runners To Back Include Experienced Horses Under 20/1

Written by .

When it comes to backing a horse in the Grand National there are many methods for finding a bet, the colours of the silks, the name of the horse or some good old fashioned form study. One of the best ways to try and find the winner each year is to use stats from previous winners and it can often help narrow the field dramatically.

Whilst the Grand National runners at bigger odds will appeal to many Grand National punters, statistically they perform much poorer than those with shorter odds despite the perceived difficulty in picking the winner of the race each year. Since 1990, 17 of the 22 Grand National winners have started the race with odds of 20/1 or shorter suggesting that the bookies tend to get it right more often than not. Only around a quarter of the field are likely to start the race with odds of 20/1 or less and those who want to stand the best chance of backing the winner should concentrate on that band of runners.

Another factor that could count against several horses at Aintree is weight. The Grand National is a handicap race meaning the horses have to carry differing weights based on their ability and those at the top of the weights (horses with the lowest race card number) can be difficult to win with. Last year’s winner Neptune Collonges carried 11-6 to victory and that was the highest weight since Red Rum won the race for a second time in 1974. Neptune Collonges only won a nose though proving that any more weight would have cost him victory so any horse carrying more than 11-6 this year should probably be discounted and that would rule out likely top weight Imperial Commander, who won the Cheltenham Gold Cup in 2010.

There is no race in the calendar over a distance further than the four and a half miles of the Grand National so proven stamina is key for this race. Every single Grand National winner since 1970 had won over at least 3 miles prior to their Grand National success so it would be s surprise if that stat ended now. That’s bad news for the well fancied Seabass who despite being second favourite for this race has never won beyond 2m6f under rules. Seabass is the second favourite at the time of writing and even the current favourite, On His Own fails another key stat. The last ten Grand National winners all had plenty of experience with at least ten previous starts over fences yet On His Own has only run seven times over fences. In fact he fell in this race last year and that fall could easily have been down to his lack of experience. The well fancied Cappa Bleu also fails this stat as he’s had nine runs over fences, he might be just close enough to defy that statistic.

Click here to visit the Grand National Guide so you can keep up to date with all the latest runners, odds and tips for the Grand National.

Posted in Uncategorized
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