Cheltenham Festival Handicap Pre-Race Market Moves Day 1

In our earlier post today we looked at whether late market moves at the Festival can in any way be useful to us for finding profits, given the length of time these markets are priced up ante-post.

If you missed it, it's here - http://winningafortune.blogspot.com/2011/03/cheltenham-pre-race-market-analysis.html.

We concluded that the following strategy produced a profit in the last five years - backing every horse in a festival handicap which shortened in price from opening show to SP, as long as the odds at the off are 20/1 or less.

Well, today, doing exactly that would have produced a profit at SP of 11.5pts.

We are by no means shouting from the rooftops and declaring this a fail safe route to profits, but it certainly is quite interesting (or at least to us market anoraks!).

There were thirteen qualifiers from the three handicaps.

In each of the handicaps this policy found the first two finishers, and in the case of the Novices Handicap at the end of the day, the first three (from four candidates, at SPs of 10/1, 7/1 and 13/2 - tricast paying £509.05!).

Perhaps tomorrow things will turn around, but food for thought anyway!

All the best,

The Market Examiner team.