Cleeve put out a weekend antepost tip today in 'The New One Hurdle' at Haydock on Saturday. The horse in question was Call Me Lord at 9/2 and advised backing him each-way at 9/2 (3 places). We expected the race to cut up and also took the view that the favourite Pentland Hills was potentially unlikely to line up under what we expected to be quite attritional conditions. If we were right then we expected Call Me Lord to go off at a much shorter price and we could possibly nick an extra place, we felt it was essentially a bet to nothing.
We were contacted later in the day by members telling us that firms were now only laying two places even though all 9 runners declared at this stage were being quoted... and we assume being layed.
We rang Bet365 who initially seemed as puzzled by as us. The guy disappeared to make further enquiries and came back and told us 'the trading desk had decided to wait until the overnight decs came out on Friday morning before confirming place terms on the market'. We asked that if on the basis, a punter who backed a horse in today's market which turned out to be a non-runner would have their stakes returned... NO, came the answer!
So in one way it's an antepost market for bookies as they are laying the whole field of 9 runners 'all in run or not' and stakes on non-runners end up in their satchels, but it's not an antepost market for punters as bookies are waiting for the final decs before deciding to pay out on 2 or 3 places.
This seems to be yet another example of bookies flouting their own t's & c's to their own advantage at the expense of punters. Wrong, wrong, wrong!