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Concertista’s agonizing defeat in the closing strides of the Close Brothers Mares’ Hurdle at Cheltenham resulted in a “multi-million pound” shift away from the punters and onto the bookies, who had been seeing significant losses from multiple bets placed. in four favorites from day one the Festival.
Layers had described their position as “sinister” after Appreciate It scored 8-11 at Supreme Novices’ Hurdle and Shishkin did the same at 4-9 at Arkle, his situation exacerbated by Honeysuckle’s leap to victory. as a favorite 11-10. in the Champion Hurdle.
Concertista was reduced to a 10-11 favorite to complete the four favorite timekeeper, but having led the last one, Black Tears wore her down, to provide the victory to coach Denise ‘Sneezy’ Foster and jockey Jack Kennedy.
‘I’m absolutely shaking’ – Black Tears pulls Foster off the mark in Mares’ Hurdle
David Stevens, Coral’s director of public relations, said: “The result of the mare hurdle was a savings of several million pounds for the industry. The top three horses of the day were Appreciate It, Shishkin and Honeysuckle, so with those races down and running towards the mare obstacle, a lot happened.
“The responsibilities were not as great as when Annie Power was defeated, although we were not far behind. Where we were at 100 yards and where we were on the line made a huge difference. I think all we can say is bless you, Sneezy! “
Paddy Power was among the layers to estimate that they had saved a seven-figure payment for the loss of Concertista.
“Let me assure you that there were no black tears inside our operating room when the female lead of the same name put the necklace on the favorite Concert Artist,” said Paddy Power spokesman Paul Binfield.
“He didn’t look too cheery after the Appreciate It, Shishkin and Honeysuckle hotpots did what their odds suggested and Concertista’s loss was fantastic for bookies in its own right and multiples.”
Summarizing how the results had impacted them, Sky Bet’s Michael Shinners added: “It was a significant change in our favor. It’s the difference between being close enough to breakeven for the day and facing a significant loss. “
Alongside the victories of Appreciate It, Shishkin and Honeysuckle on the first day, Vintage Clouds (28-1) and Jeff Kidder (80-1) provided remarkable results for the bookmakers.
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FIRST POST 2:57 PM, MARCH 16, 2021
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