Tomorrow we have the finale to the flat racing season and the curtain raiser to the flat season. How can you have both? Let me explain….
UK Racing – Ascot Champions Day
First, we have Qipco British Champions day at Ascot and it promises to be a real feast of racing. It may not be Royal Ascot but the racing on
Champions day only came into being in 2011 so it’s relatively new in the scheme of things but it’s a weekend I wouldn’t miss for anything now. It’s the last shot at a decent total before we descend into winter. The specific races existed before this meeting started but were brought together to bring in a real feast at the end of the season. It’s one of my highest turnover weekends of the year. Last year, the average turnover was over £2m per race and it’s gathering more momentum every year.
I did a video on this explaining why this weekend brings a great opportunity to turnover some huge amounts, but at relatively low risk. A slightly tongue in cheek title, but a good description of what you real objective is when trading.
Australian Racing – The Everest and Caulfield Cup
The Ascot meeting in the UK doesn’t have a Royal in the title, but it is one of the biggest days in the flat season.
Meanwhile, down under, we do have a Royal in the title, at Royal Randwick racecourse. Tomorrow morning we have the Everest. It’s got $15m in prize money so I’d imagine if you stacked that on top of each other it might be as high as Mount Everest!
It’s a monster of a race and today will be my traditional prep for the Melbourne Cup meeting. Learn a bit more about it here: –
Aussie racing is a bit more liquid at this time of the year, the Everest should approach somewhere near £1m in turnover. Talking about turnover, be aware that races in New South Wales are subject to the Australian turnover charge. A henius crime on punters in Australia. Betfair Australia, who do a great job of supporting the exchange, have explained it in more detail by clicking on this link.
While it’s an unwelcome charge, it does illustrate how the laffer curve works. Increased charges on races in New South Wales, has meant that most races in this territory have lagged behind growth elsehere. This means there is often a big gap on a like for like basis to other similar races in other territories, I can see it clearly in the data.
Obviously you wont see that in this race, but it’s now an every present reminder of the folly of increasing charges because you can. You may get away with it, but it costs you in the long term and often in ways you don’t know. Sorry for the economics lesson.
If you are an early riser then the fun starts at 02:15 in the morning UK time. The big race, however, is at a more realistic 06:15. So even if you struggle to get out of bed on a Saturday morning you may still stand a chance of catching some good quality Aussie group race.
But that is not all we have on the card as we also have the Caulfield cup, another huge race and this group 1 contest kicks off at the more reasonable time of 07:15 UK time. As the race takes place in the state of Victoria the turnover charge does not apply, so you can go hell for leather on this race; which is what I intend to do.
It’s a real cracker of a day and one that gets off to an early start. I’m looking forward to it!
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