Ouch!
You have to feel sorry for money chasers sometimes. On Sunday we saw one of those ‘classic’ horse racing moments when a horse, that traded at 1.09 before the off, fell at the first hurdle at Fakenham.
That said, I don’t feel that sorry for money chasers as when I see something at short odds I instinctively try to oppose it. Low downside and high upside is just too tempting to resist. Therefore I will always look for an opportunity for those odds to be turned over. In this case there was a simple strategy to oppose something this short in a jumps race. I do feel sorry for connections though. It must be gutting to go through all the hassle to get a horse to a track only to see it do that.
Category: Horse Racing, Trading strategies
