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Saturday, June 30, 2012

2012 Irish Derby at the Curragh

Haven't had time to look for inplay trades this morning - I'm off out now so no selections on those.

Looking forward to the Irish Derby this evening - I think it's a good idea to try it out on a Saturday evening. At the prices, I think Camelot is a lay, although he's clearly the best horse in the race. Here's today's Irish Independent:

EPSOM Derby hero Camelot will most probably open up around 1/3 for this evening's Irish equivalent at the Curragh (7.40), but whether or not the Montjeu colt will attract any serious money in the betting ring remains to be seen.
Backing at those prices requires plenty of bottle, nerves of steel -- and maybe even a little madness in the head -- but I'm not so sure I'd be happy to take such short odds on the three-year-old today considering the inclement weather the country has been suffering.
Some punting pals of mine have a rule whereby they never bet odds-on, but backing at those prices in Group One races has proved profitable in each of the last five seasons, so I wouldn't dismiss it completely.
This year, eight horses have gone to post odds-on in Group One races -- Frankel (twice), So You Think (twice), St Nicholas Abbey, Camelot, Fame And Glory and Black Caviar -- and, had you put a ton on each, you'd have €189 profit in your pocket today.
Out of that bunch, just Fame And Glory lost his race, although backers' stress levels would have been at an all-time high last week watching Luke Nolen almost throw away the Diamond Jubilee Stakes on Black Caviar.
heavy
While he's clearly the best horse in the race, I reckon Camelot could join Fame And Glory as an odds-on loser, with the ground likely to come up soft with heavy spots in places.
Granted, he did win the 2,000 Guineas on soft ground but connections maintain he prefers better going, and Aidan O'Brien told RTÉ yesterday that conditions at Irish racing HQ are not exactly perfect.
With those concerns in mind, I've decided to take him on and, while the likes of Imperial Monarch and Born To Sea could be good backing alternatives, the simple option is to lay the favourite and have the rest of the field, including those two, running for me.
Camelot makes up around 75pc of the book, so by clicking pink you are effectively getting 3/1 on the rest of the field.
With regard to the meeting itself, it was a bold decision to move the Irish Derby away from the traditional Sunday afternoon but with racing attendance in decline, it's worth giving it a try.
Ronan Keating takes to the stage afterwards and while he's not my cup of tea, it brings a bit of life to the place and hopefully a big crowd too.
Across the water at Lingfield, Beggar's Opera has claims in the Surrey Royal British Legion Selling Stakes (8.0), priced 5/1.
They tried him out over hurdles last year without much success but I'm confident that we'll see this course and distance winner spring back to life now that he's back on the level.

Soccer
The fact that fellow Group C members Spain and Italy are now in the final makes Ireland's dismal performance at Euro 2012 a little bit easier to take, but I'm not yet convinced that Italy are the real deal and you'd have to say that Spain have more strength in depth. They are 6/5 to win in 90 minutes but, with a realistic chance of a draw, the safest option is to back Spain to lift the trophy at 4/7.
Racing
Though he normally races at six furlongs, I'm hoping the step back up to seven for Hoof It won't stretch him too much in the John Sunley Memorial Criterion Stakes at Newmarket (3.35). He was a little disappointing on his seasonal debut at York last month, but he put in a solid season last term and is taken to get back to winning ways, priced around 11/10.
- Wayne Bailey


EACH-WAY OUTSIDER
A few bookmakers quoted me 14/1 about Lexington Bay for the Northumberland Plate (3.20 Newcastle) yesterday but I've a feeling some bigger prices might be available closer to the off.
The Pitmen's Derby has thrown up numerous double-figure winners in recent years and this High Chaparral gelding won't be overburdened in the weights with 8st 4lbs. He had a progressive season in 2011 (winning three times) and his disappointing ninth last time can be overlooked as he wasn't fully race fit.

TODAY'S SELECTIONS
3.20 Newcastle: Lexington Bay (e/w)
3.35 Newmarket: Hoof It
3.40 Curragh: Leitir Mor
7.40 Curragh: *LAY* Camelot
8.0 Lingfield: Beggar's Opera
- Wayne Bailey - Betting Room
Irish Independent

Friday, June 29, 2012

Neville Chamberlain "peace for our time"

So the EU have done a deal whereby the bailout monies will go directly to the struggling banks rather than it becoming the individual country's debt. While the deal is welcome, it's still just a plaster on a deep wound.

Don't get me wrong, I really hope Ireland benefits from this but to listen to the Taoiseach and Tánaiste on the radio, you would think they secured the country's future. They are acting as if they got this deal for Ireland themselves - but it's all because of the likes of Spain who simply can't pay. I reckon Enda Kenny is just as surprised as anyone that Merkel allowed this but I suppose he has to make political capital out of it and pretend he had a part in it. I think RTÉ'S headline was a bit over the top:



It's not as if Ireland has secured anything - we might benefit from a deal made in the EU. Big deal. It kinda reminds me of Neville Chamberlain getting off the plane with the Anglo-German agreement where he declared that they had secured 'peace for our time'.  All this just before World War Two of course:


I digress.

The markets have reacted positively to the news with a rise across most big indices and a spike in the Euro vs the US dollar:




However, while the above 15 minute chart looks positive, the longer term charts show that it's not really a big rise at all. Here's the daily EURO/USD chart:



As I say, I hate to be negative and I really hope the deal saves Ireland a few quid - but you have to be realistic and a number of European countries are still up shit creek.

**

I got stopped out for a loss on my S&P gap trade yesterday. Looking back, I'm kinda annoyed with myself for even making the trade. The gap trade should only be done on quiet days so it was a bit silly to do it on a day where there is a big meeting. I justified the trade yesterday by saying it was only a small few quid; but pennies make pounds and all these losses add up. The loss was less than €20 but if I'm honest, I broke my own rules and have to make a note of that and try not to do it again.

With regard to the horseracing, I can't find any good back bets for today. I'm working on tomorrow's Irish Independent article and might have spotted one or two for tomorrow though. I've two inplay trades for today although I must admit that I'm still worried about them as they are only around €50 in profit at this stage (having been up around €300 a while back):



Anyway, I better get back to my article - best of luck with your trading/betting today.

Thursday, June 28, 2012

The S&P500 gap trade

Can't really find any bets or trades on the horses today so I'm leaving that alone. I've spent a couple of hours going through the cards but it's just one of those days where nothing stands out so there's no point in forcing it and I'll keep my money safe.

With regard to the financial trading, it's a bit of a tricky day as we have yet another crucial EU summit (how many times have we heard that now?) so the markets are a bit choppy in anticipation of any news.

It could be a bit dodgy but I've bought the S&P 500 at 1319.6 and I'm hoping it rises to last night's closing price - basically I'm trying the S&P Gap Trade.  I've set a stop around 1313 but I'm only using small stakes because of the EU summit etc. I'll get out of the trade, win or lose, before 3.30pm when the real US markets take over. 

S&P500 15 minute chart as of 12.25pm:


Tuesday, June 26, 2012

Tuesday

Very sad news today in that jockey Campbell Gillies had died while away on holiday.

http://www.racingpost.com/news/live.sd?event_id=181960

 Like a lot of us, he came onto my radar when riding Brindisi Breeze to victory at Cheltenham this year. So sad, only 21 years of age.

  I was also watching the funeral of another young man on the news yesterday, James Nolan, the Irish football fan who drowned while at the Euros.

You go from day to day thinking you have problems but when you see how life can be taking away so quickly, it puts things into perspective. To see young people pass away like that is just so tragic. By all accounts, they were both lovely blokes.


RIP to both.


I've no inplay trades today, just a couple of back bets:


With regard to the financial trading, it really is a case of trying to grab a couple of points here and there and not get taken out on any bad news. Last night it emerged that yet another country, Cyprus, has requested a bailout. While Cyprus is small, it shows that the rot has spread all through Europe and it's only a matter of time before we have to face the devil  on this one. What the future holds for the currency and the union is anyone's guess.

Gold trades around $1585 for an ounce - that meant I got stopped out when it dropped down to $1600. It's a bit of a bummer to get stopped out but I bought it turned out to be the right thing to do and I made 45pts on it regardless.  I'm flat on gold with no strong opinion at the moment, if it drops back down around $1550 and there's no sign of an end to the ongoing drama in the financial markets, I may buy a bit again.

The price of gold - daily chart:

Monday, June 25, 2012

Marathon training

Went for a 15K run yesterday as I start to prepare for running the marathon in October. My legs are a bit sore today but it wasn't as hard as I thought and didn't take too long. On Sunday, I'll probably try 20 to 25K.  Interestingly, I came across this site today which has marathons of 100K

http://www.forestmarathon.com/news.html

100K ?? My God!   Seems mental, but then again, ye never know what the future holds...

 I didn't do any punting on Sunday but it wasn't a bad day on Saturday with my main bet for the Indo, Sea Moon, winning at 3/1.

A quiet day today with just on inplay trade:



Saturday, June 23, 2012

Black Caviar

Can't wait to see the wonder-mare, Black Caviar, in action today on British soil:


It's been a fantastic Royal Ascot with Frankel confirming himself as the greatest flat horse of all time and now today, we have the second-best horse in the world racing. She's not really opposable today although at the prices, there's not much point backing her either. I think I'll just crack open a can of stout, put the feet up and enjoy this race for what it is.

I quite fancy Sea Moon in the Hardwicke stakes, priced around 7/2. Looked a little rusty last time out but needed to shake off the cobwebs.

It was a good day yesterday with Demurely winning at Limerick but once again, the inplay lays didn't really go anywhere. I've a couple of those today:


For Saturday's paper, I done a little bit of a write up on Frankel. We really need to appreciate and enjoy these horses while they are around - it could be decades before we see the likes again:

http://www.independent.ie/sport/horse-racing/no-argument-frankel-is-the-greatest-3147066.html


No argument -- Frankel is the greatest


THE late Bobby Frankel, one of the greatest American thoroughbred trainers of all time, was a master handicapper in his youth and his in-depth knowledge of the formbook enabled him to make a fairly lucrative income from betting before he took out his first training licence in 1966.

Forty-six years later, the modern-day handicappers at Timeform have recognised the horse named after Bobby Frankel as the greatest Flat runner of all time.

Royal Ascot 2012 has been memorable for a number of reasons, but Frankel's victory in the Queen Anne on Tuesday makes it historic.

Until now, no horse has ever earned a Timeform rating as high as 147.

A bloke I drink with down the local, in his 70s, claims he was there to witness Sea Bird win the Derby in 1965 (even though his wife tells me he's never been to England in his life) and for the past couple of years, we've argued over which horse is the best.

squabble

It's a futile squabble really as it's nigh impossible to compare horses from different eras, but after Tuesday's win, even this staunch defender of Sea Bird has conceded that Frankel is probably the greatest of all time.

As racing fans, we should enjoy this while it lasts as it could be a while before we see his likes again. We have to go back to the 1960s to see any horses rated near this high -- Seabird was rated 145 and Brigadier Gerard was rated 144.

It's astonishing to think the best might be yet to come from Frankel and the step up to a mile and a quarter in the Juddmonte International or maybe the Eclipse will not prove troublesome.

I think I'll make a special effort and travel over to see him race this season, so that in years to come, I can sit on a barstool and (truthfully) tell the youngsters that I saw the greatest horse of all time in the flesh.

Not only have we seen what is officially the best horse in the world at Ascot this week, the second-best horse will run today in the Diamond Jubilee Stakes (3.45) and it's no surprise to see the wonder-mare Black Caviar trade as low as 2/7 in the betting. She's unbeaten in 21 starts, but I'm sure my editor wouldn't be too pleased if I was tipping horses priced as low as that so for something a little bigger, consider backing Sea Moon around 11/4 in the Group Two Hardwicke Stakes (3.05 Ascot).

With six victories in this race, trainer Michael Stoute knows the sort it takes to win and the four-year-old certainly matches that profile.

Sea Moon had a cracking season as a three-year-old, winning the Great Voltigeur Stakes among other races, and his return to the winners' enclosure at Goodwood in May proved that he hasn't lost his will to win.

EACH-WAY outsider

A large field of 29 will go to post for today's Wokingham Stakes Handicap (4.25 Ascot) so it's definitely a tricky one from a betting point of view.

One that catches the eye is the Andrew Balding-trained Desert Law, generally available at 12/1. He was back to near his best when second of 20 runners at Epsom last time, but the handicapper's mark of 97 still leaves room for improvement.

TODAY'S SELECTIONS

3.05 Ascot: Sea Moon

4.25 Ascot: Desert Law (e/w)

7.35 Lingfield: Standing Strong

- Wayne Bailey

Friday, June 22, 2012

Friday

Not a bad day yesterday with a winner at Leopardstown earning a couple of points. Just one back bet for today:


The inplay lays lost about a point - I could do with a good streak on those to boost the bank. Here's today's: