Cheltenham – Half-Way Observations

We’re half-way through the greatest four days of jumps racing on earth, and while there is never really time to sit back and reflect while the festival in ongoing, it might be worth making a few observations:

Irish Raiders Rule The Roost

This goes without saying – while we’re used to a few Irish bankers coming in on day one, their domination on Wednesday was incredible. Mullins has picked up 5 winners from 31 runners and has had another 5 runners make the frame. This is an over performance according the the market – his horses would have been expected (based on starting prices in the win and place markets on the exchanges) to win 3 times and place a further 6 times. It’s hard to believe, but Mullins runners could still be underestimated in the market this week.

Gordon Elliott has run less horses so far but has been similarly successful – 3 wins and 4 places from 17 runners. Again, this has been an over performance – his horses would have been expected to win twice (243% implied probability) and place another 4 times (572% implied probability). Odds-on favourite Apples Jade’s loss would have put a dent in these figures, so the performance of Elliott’s horses is most definitely worth noting.

While the Irish have been running Cheltenham, Nicky Henderson has won with both of his stable superstars so far, with Buveur D’Air and Altior getting the job done. He has had 16 runners, 2 winners and a further 5 places. This has actually been the most significant over performance of the 3 in therms of places – he would have been expected to have 2 winners (162%) and another 2 places (412%). He may not be firing in the same high-profile fashion as Ireland’s top two, but his horses are most definitely in top form.

Ruby Walsh

What can I say here – it’s absolutely sickening to see Ruby injured again. He had been riding fantastically, with two winners on the first day, and seemed to be back to his best.

His rides will essentially be taken over by Paul Townend for the remainder of the week. Townend is a very talented rider in his own right and this should be of no great concern, particularly in hurdles contests. However, in chases at Cheltenham he doesn’t have the strongest record ever. Townend has won just once and placed another 4 times from 43 rides over fences at the track. He obviously hasn’t ridden the same caliber of horse over fences at the track as Ruby has, but the odds would suggest that Townend should have done slightly better, with implied probability of 2 winners and a further 7 places.

This isn’t a definite negative, and Townend gave Min a good ride yesterday to finish 2nd, but if Invitation Only and Un De Sceaux were to be beaten today, the figures may look slightly more worrying.

Our Tipping Partner

As usual, if you’re looking for tips throughout the festival, A Racing First is highly recommended. Their results are on their website, and so far this festival include some very solid places at big prices such as Mengli Khan (advised each-way at 14/1), Rather Be (advised each-way at 12/1), Monalee (advised at 16/1), Topofthegame (advised at 20/1) and Min (advised at 20/1), as well as a couple of winners. Their members will be confident and in profit going into the last two days at the festival, and I would advise anybody to take a look at their website to find out more.

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