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The Whips and Scorns of Time!

By City Index’s David Buik

As if Wales win over England at Wembley to win the rugby Triple Crown in April wasn’t the last straw to break the camel’s back of the spread-betting enthusiast! Well, sadly this was the first of a number of sporting thunderbolts to come “out of the blue” for both punters and bookies alike during the spring and early summer months.

To follow, we have had upsets and aberrations in the Cricket World Cup, an amazing finale to the US Open Golf Championship, and Martina Hingis failing to get past the first round at Wimbledon.

The most recent shock waves culminated with England escaping from the jaws of death to win an amazing first Test Match against New Zealand at Edgbaston and “Compton Admiral”, winner of the ‘City Index Craven Stakes’ winning the Coral Eclipse as a rank outsider at 25/1!

After two games of the Cricket World Cup, Australia were 20-23, having been 55-58 at the start. Ending up winners and with a makeup of 100, had you backed them by buying at 23, it would have been the equivalent of a 77/1 shot! At Wimbledon, City Index were 4-5 Hingis over Dokic on the first day! The makeup was minus 10 – a 15/1 shot against fixed odds of 10/1.

This year, the US Open at Pinehurst in North Carolina witnessed possibly the most impossible golf course to master. With ‘Monty’ announcing to the world that he was delighted with his 10 over par for the four rounds, who would have believed that it would be Payne Stewart and Phil Mickelson scrapping it out down to the wire, leaving the ‘good and the great’ in their wake. Admittedly they were both about 40/1 before the tournament started with a great chance that Mickelson would pull out before the end to greet the birth of his child.

As good fortune would have it, that splendid “cack-hander” saw it through, just losing out to the colourful Texan. However, had neither of them won, the punter would have “done his dough!” ‘City’ quoted Stewart’s and Mickelson’s final positions in the US Open at 34/37 and 30/34, respectively, at the start of the tournament. A decent return of just over 30/1 is surely more preferable than receiving nothing for not making the frame! Doesn’t it sound simple?

The First Test Match at Edgbaston must be one of the most bizarre games of cricket on record. Having rolled New Zealand out for 226 on the first day, the world and his wife were buyers of England’s runs on an opening quote of 300-320 all the way up to 340! When England were 56 for 7 wickets at lunch, the rearguard and evasive action taken by punter and bookie alike was a sight to behold as England scraped to 107 all out! As you can see, it is not all plain sailing!

The Coral Eclipse over a mile and two furlongs at Sandown Park on the first Saturday in July rarely throws up a ‘rag’ as a winner. This year proved to be the exception to the rule. Having shown modest form at Newmarket in April to win a very moderate ‘Guineas’ trial and a workmanlike showing at Ascot, there was nothing to suppose that he could land the spoils in this prestigious race at 25/1! City Index offered a spread of 4-6 on a 50 Index. It strikes me that 44/1 was a decent working man’s price.

At least if you are having a bet, take the trouble to compare the odds and the opportunities!

Profit & Loss

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