Grasshopper
Senior Jockey
- Joined
- Nov 14, 2006
- Messages
- 16,050
Great post, Ed. All the wisdom, and humble to boot.
Bravo.
Bravo.
Exchanges and bookies should be required to cancel the bets struck on a race in the 24 hours before the likes of a Douvan or an Altior are announced as non-runners. This would only happen on the say-so of an independent betting commissioner who would have access to betting records to decide whether insider trading had been taking place.
Perhaps via revisiting and tightening its existing (much relaxed) rules governing commercial relationships with its constituents, the BHA should require the timely announcement of important, market-sensitive news via an automated reporting system – maybe even one linked to Twitter? (In the old days, you’d use the Press Association but I gather that’s a bit pre-Millennial these days…)
This agreement would need to be extended to include owners, who are not currently licensed but for whom certain behaviours come under the jurisdiction of the BHA nonetheless. Under the terms of these rules, the owner’s right to know would remain primary but the prompt dissemination of “important” information would over-ride any commercial agreement in the first instance.
“Important” is going to require some guidance but it’s clearly not “he worked well on Wednesday” or even “he worked disappointingly on Wednesday” but rather pertaining to stone-cold, market-altering facts.
In tandem with the above, the BHA should also ask the Association of British Bookmakers and the Remote Gambling Association to establish an industry standard requiring all money traded to be refunded in all relevant markets from the time of the first alert until the time those market(s) are re-formed.
Douvan out for the season
Sounds like the same story with Faugheen & Annie Power last season, we knew somethings up if by December they didn't turn up..
I wish I was wrong more often. Now Min's great price for the Ryanair is worthless.
What's the phantom value in this market then, lads?