As reported by the Racing Post, rails and ring bookmakers at Folkestone on Monday were satisfied by their tentative to keep on-course the hedging activity that would usually take place on the betting exchanges.
Although the action did not have the profound effect on margins some felt it might, the volume of money in the on-course market was reported to have been noticeably up.
“We’ve seen a lot more money hedged in the ring. I hope it will be repeated as although the margins are the same and the punters won’t notice the difference, there was definitely a lot more money in the ring and at the end of the day, we are in this as a business,” said Jim Dunne, a rails bookmaker.
“The exchanges have made the margins very thin so the idea was an experiment and as far as I know no one backed or laid anything on the exchanges. The level of business was better although it is a fairly good track.” said David Richardson, a front row bookmaker.
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