Saturday, 29 March 2008

Boat Race

That quintessentially English sporting occasion, the Boat Race, takes place in a few minutes. The final this year is a repeat of last year, and features the teams from Oxford and Cambridge Universities... My strategy with this kind of event is to bank on the fact that as start time approaches, people will want to have a bet riding on the race, so I backed Oxford at 1.47 expecting the price to fall a little as the day goes on. I sold out at 1.42 for a free bet on Oxford, but as I write this, the lay price has continued to drop (to 1.39) and I should have held on. But a free bet is not to be sniffed at, though the lesson learned is to be a little more patient before laying off.

Update: 13 minutes from start time, and the lay price has dropped further to 1.31. Note to self for this event next year...

Boat Race Result: Oxford won by six lengths.

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