In his book “Enemy Number One” Patrick Veitch gives a “tongue in cheek” laying method which is described on P243 as…………………………..
“now probably the best laying system in racing, for those that who want to play bookmaker is to lay all horses trained by Stuart Williams. Anybody following this system would have shown a huge profit. The market and the press have managed to convince themselves that every horse the stable runs is a potential gamble”.
Now when someone of Patrick Veitch’s reputation makes a statement like that you have to stand up and take notice. It certainly got my research glands all of a buzz, and I set out to investigate the claims further. Given the book was published in April 2009 I decided to concentrate on the trainer’s performance during the period from April through to the end of December 2009.
During this time Stuart Williams sent out 269 runners, of which 33 actually won, achieving a strike rate of 12.27%. Interestingly placing a theoretical £1.00 level stake on each runner did in fact return a loss of £86.25. This was to the industry standard SP and we all know that the betting exchanges lay prices are on the whole considerably more, which would have eaten further into any potential profit if following this route.
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