The big backer
If you are active on the markets, then I am sure you may have seen this character around. If not then they appear fairly regularly recently, either trying to get filled at a certain price or just deliberately trying to stop the price from moving. I think it’s an odd strategy, as dipping in and around the markets is like playing poker. You don’t want to show your hand!
When somebody shows their hand like this then it’s an open invitation to oppose them, make their life difficult or work on other selections in the market on the basis or what they are doing on that runner. It all seems a bit odd to me, as by showing their hand they are presenting clear opportunites. So, whoever you are, thank you!
Category: Horse Racing
