Paul Nicholls is 11/4 with William Hill to pull off his stated aim of winning the Irish trainers' championship this season. Do these odds represent value?
In recent seasons, the winning total in the Irish title race has been about £1.5m. Last year Nicholls won £3.6m in the UK alone, so of course he could win the Irish title if throwing enough resources at it. Presumably, however, his number one objective is to retain his UK title? Last year second-placed David Pipe had around £2.5m in prize money, so Nicholls will have to plan to exceed at least that amount.
A total of £4m, however, would give him a reasonable shot at both titles. He might get away with a lower target than £1.5m in Ireland because his arrival on the scene will presumably depress the earnings of his Irish rivals. This would leave him some additional scope to see off his UK competitors as well.
Last year Nicholls won £400k in Ireland, so a repeat of last year's total (£3.6m in the UK plus £0.4m in Ireland) should be enough. The current odds therefore seem generous.
In recent seasons, the winning total in the Irish title race has been about £1.5m. Last year Nicholls won £3.6m in the UK alone, so of course he could win the Irish title if throwing enough resources at it. Presumably, however, his number one objective is to retain his UK title? Last year second-placed David Pipe had around £2.5m in prize money, so Nicholls will have to plan to exceed at least that amount.
A total of £4m, however, would give him a reasonable shot at both titles. He might get away with a lower target than £1.5m in Ireland because his arrival on the scene will presumably depress the earnings of his Irish rivals. This would leave him some additional scope to see off his UK competitors as well.
Last year Nicholls won £400k in Ireland, so a repeat of last year's total (£3.6m in the UK plus £0.4m in Ireland) should be enough. The current odds therefore seem generous.