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Irish SP's Are A Rip Off

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The starting price (sp) at Irish horseracing meetings are a rip-off according to Niall O'Connor from Betting

I have had a couple of bets at the new Dundalk All-Weather track, but I am fully aware that the Overround of every Irish race is borderline extortionate.

Niall writes: In the UK, the profit margin built into starting prices fell from 2.07 per cent per runner in September 2000 to 1.45 per cent per runner in September 2006.

Despite the arrival of internet betting and the betting exchanges, the same situation has not been mirrored in Ireland, where the over-round per runner continues to operate at well over two per cent.

In the 2:25 at Clonmel, run on 1 November, the Powerstown Desmene Handicap Hurdle, the over-round per runner was 3.38. The 18 runner race was run by the VP Donoghue trained Jamie's Boy at 10/1. The favourite was Asian Royale trading at 7/1, with the outsider of the field, Deep Spell, trading at 33/1.

In the 12:45 Fillies Maiden (2yo), run over 1m, at Leopardstown on 3 November, the over-round per runner was an astonishing 3.81! The field comprised of eleven runners. The race was won by the heavily backed favourite Simawa, returned at 11/10. The outsider of the field Zennu traded at 66/1. Six of the eleven runner field traded at 8/1 or less.

♠ Read Niall O'Connor's full report on Irish SP's: Irish Punters Suffer In Silence


Posted at 00:32, Saturday, 24 November 2007 by the Sandracer

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