HBF Comment on Racing Post ‘Quarterly Report’
HBF notes with concern the increase in overround per runner at starting price reported in the Racing Post “Quarterly Report” published on 17th October 2018.
Overround is an important indication of the nominal cost of a bet to a punter and is usually kept more in check than this by market forces.
HBF conducted an audit of starting prices by racecourse early this year which identified as-yet unexplained anomalies in overrounds at a small number of tracks.
HBF’s next audit will be taking place in January, 2019, after which HBF again intends to report publicly on its findings.