Why You Shouldn’t Bet Early Into Racing Markets

Do you bet early into racing markets? Think you have an edge over the rest of the market when the corporates go up with their prices on Wednesday and Thursday afternoon?

The reality is you probably don’t. That’s the honest truth.

Regardless of whether your selection goes on to win or lose, betting into these markets days before the off is voids you of a ton of information in the lead-up.

Further, in circumstances where your selection goes on to actually win, you are costing yourself a return on investment.

Yes, these early markets are often littered with poor odds and huge market over-rounds. Professional punters don’t bet into these markets. Why would you?

Let’s dive into this with a few examples from the weekend.

Examples (From 18/05/2019)

Doomben Cup (Doomben Race 8)

Runner TAB Betfair Starting Price (After Commission)
Youngstar $4.80 ($4.60 when field was confirmed) $8.99
Gem Song $5.50 ($7.50 when field was confirmed) $6.56
Life Less Ordinary $7 ($7 when field was confirmed; as much as $7.50) $7.58
Shillelagh $7.50 ($8 when field was confirmed) $5.29
Archedemus $8 ($7.50 when field was confirmed) $7.81
Mister Sea Wolf $11 {$13 when field was confirmed) $17.08
Fierce Impact $11 $17.46
Kenedna $12 $11.40
Sixties Groove (1st Emg) $12 ($15 when field was confirmed) $24.64

The Roses (Doomben Race 9)

Runner TAB Betfair Starting Price (After Commission)
Scarlet Dream $2.60 (opened $2.50) $3.75
On The White Turf $6. 50 (opened $8.50) $7.50
Aliferous $8 $16.82
Etana $10 $4.10
Pinmedown $10 $11.81
Winning Ways $13 (opened $16) $22.77

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