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27 Jul 15 23:40
Date Joined: 08 Mar 01
| Topic/replies: 8,517 | Blogger: Kelly's blog
5.15   :  119%
5.45   :  138%
6.15   :  122%
6.50   :  142%
7.20   :  130%
7.50   :  123%
8.20   :  126%

Margins are margins . But betting with these overrounds suggests to me there is little value in SP , and presumably SP represents more or less the prices available in the ring .

Atmosphere in Galway is always great , but above figures suggest the value isn't .
Pause Switch to Standard View The overrounds at Galway
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Report brain dead jockeys July 27, 2015 11:58 PM BST
anything over 120% is theft. end of discussion.
Report never give up July 28, 2015 12:19 AM BST
5.15   :  119%
5.45   :  138%
6.15   :  122%
6.50   :  142%
7.20   :  130%
7.50   :  123%
8.20   :  126%

Margins are margins . But betting with these overrounds suggests to me there is little value in SP , and presumably SP represents more or less the prices available in the ring .

doesnt represent the best prices available though.......say a horse was laid at 3/1 and cut to 2/1 then theres 8.33 % difference to the overounds
Report Kelly July 28, 2015 12:31 AM BST
Works the other way too ,never give up . Laid at 2/1 , out to 3/1 .

Just strikes me that the bookies regard the punters as a captive audience at Galway , and they are determined to keep everything as tight as can be .
Report never give up July 28, 2015 1:09 AM BST
be a lot more money for a horse from 3/1 to 2/1 than there would be for a horse from 2/1 to 3/1 kelly
Report wildmanfromborneo July 28, 2015 1:22 AM BST
" presumably SP represents more or less the prices available in the ring .

Not true at all.
The SP in Ireland is the lowest available price.
It is also controlled by Firms with a vested interest in returning as low a price as possible.

The firm that recently went broke has multiple pitches in Galway,they should not be allowed in the sample as they are hardly a disinterested group as is the man whose sole Galway memory is turning down a bet.

The prices are not sent to the shops until a few minutes before the off,this is deliberate as it prevents the mugs seeing the proper market fluctuations.

This seems a taboo subject as no journalist ever mentions the problems with the compiling of the SPs.
Report brain dead jockeys July 28, 2015 1:26 AM BST
the "live" prices sent to irelands betting shops and the sp's are a total rip off. see the differences between betfair and bookies prices for the > 8/1 shots.............if its 10/1 with the books its 14/1 on here minimum...............16/1 = 25/1 on here, even 33/1..............never ever back outsiders on the live show in bookies for irish racing.
Report wildmanfromborneo July 28, 2015 1:37 AM BST
Mind you if you want to see rip off prices go down to the Mayors Garden,the lads down there make the Tote seem generous.
Report anfeild July 28, 2015 1:59 AM BST
Irish racing prices in general would you put of punting. Its a total joke.
Report workrider July 28, 2015 5:12 PM BST
Recently at Nass I struck my bet and went into the betting shop to watch a race in England , the show from Nass wasn't even up .
Report TellTheKing July 28, 2015 6:08 PM BST
Prices are getting slower and slower arriving into shops. Remember going into a Boyles to watch the Rockingham a few weeks ago and they were at the start before the prices were in. One of the biggest handicaps of the Flat season. Compare this to how the English blow up their Heritage Handicaps betting. The chopping that goes on in the 20 minutes before the show comes in is desperate. I'm guessing the aim is to render guaranteed odds useless for most of the people in shop.
Report mrcombustible July 28, 2015 6:30 PM BST
I go racing about once a week and have not had a bet with the course bookmakers for a few years, I bet online with anyone I have an account with.
Report jameschildshieldwinner July 28, 2015 10:17 PM BST
That's ok when u have an account left!
Report slickster July 28, 2015 10:42 PM BST
How many times have you been to NAAS wonky? You absolute nut.
Report Arklearkle July 28, 2015 11:11 PM BST
Galway is a very well run race course but it is a greyhound track and the festival is attended by a holiday crowd most of whom dont care what the over-round is and anyway the majority think over-round means someone with a big belly. In general they have a ball and probably expect to lose. Its as close one can get to the old days from a bookies point of view and they love it and enjoy taking their money. But hey dont try to win a few quid off them on a monday or a tuesday especially if the odds are 5/2 or higher.
Report Kelly July 29, 2015 1:04 AM BST
Tuesday .
5.15 : 123%
5.45 : 131%
6.15 : 119%
6.50 : 129%
7.20 : 134%
7.50 : 135%
8.20 : 137%

Betting shop punters are  being ripped off big time if they are betting at SP . I accept that on course there may be better prices available than the SP returns .

Galway is a well run race course agreed , and SP returns are not down to them . The current SP  system is obviously being manipulated to suit the offices / big chains , taking no chances with BOG I suspect . The general punting public though need to be aware of what is happening to the unsuspecting .
Report Tolmi July 29, 2015 8:04 AM BST
In part this is a failure of the SP system but one has to look a bit deeper than that.The vast majority of punters nowadays have the option of guaranteed prices which brings the margin well down from the figures quoted.
Also it is a fact of life that on track many bookmakers need a good Galway to make a profit for the year and in common with hoteliers etc try to squeeze extra out of their customers.Cheltenham and the Grand National meetings are no different.
Report Kelly July 29, 2015 10:53 PM BST
Not getting any better .

3.00 : 123%
3.35 : 135%
4.10 : 145%
4.45 : 139%
5.30 : 146%
6.05 : 139%
6.40 : 128%
7.10 : 124%

That the overround on the Plate was 146% , it being one of the biggest betting races of the year normally tells you all you need to know about what is going on .  Dick Turpin at least wore a mask .
Report callitasucit July 30, 2015 12:09 AM BST
Plate was a joke. I had said to a few earlier it was starting to look like the GN overround. Disgrace.
Report RoyalAcademy July 30, 2015 11:21 AM BST
This concern for Galway's punters reminds me of the weekly outpourings from Brian O'Connor lamenting the disregard for the betting public by the powers that be.

If someone is stupid enough to bet at these prices given the plethora of alternative options available who could blame a bookie for taking advantage?

HRI clearly have no interest in the matter either seeing as they actively promote a competitor that is the last work in inefficiency.
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