Arachnaphobia!

I surrendered a couple of points profit this afternoon, with a pretty poor betting performance. All three of my proposed win bets lost. I scrambled a point back with my lay bets, but still managed to oppose one winner.

Red Spider was making his race course debut at Kempton this afternoon. There was a lot of money for this colt as his price shrunk from 10/11 to 8/13 The bookmakers were taking no chances but opposing the horse was the value bet. An odds on price to win about a horse that has never raced in public before, can rarely provide a worthwhile return. The risk of your stake versus the potential return is not value, so the best bet in the long run has to be to lay the horse (or obviously leave the race alone altogether!) On this occasion the horse justified the confidence of the market, but these types of bet are what keep the layers in business throughout the season.

Profit so far this month: 21 points
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