Pattern-Graded races usually provide much stronger liquidity in the betting markets compared to other races due to the fact they contain the best horses and a larger proportion of the betting public that like a flutter on horse racing are naturally attracted to betting on the better races.
You only have to look on the exchanges to see how much is being bet shortly before the race commences to get a better idea of how robust these markets can be, which means you can be accommodated to better stakes than you would on your normal day to day race.
One of the advantages of betting in this type of race is that it is more than likely that the trainer will have had his horses well prepared. Prize money is much better, so there is a more rewarding financial incentive and of course winning at the highest level is good for business, a form of advertising of one’s credentials, ie; the ability to train a horse to win at the highest level will appeal to new clients while retaining existing ones.
Another alluring factor why many bettors prefer betting on these races is the familiarity of the horses, as jump horses at this level tend to have longer race careers due to the fact they are very likely to all be geldings if they are male and therefore not be able to breed.
On the flat, if you win multiple times at the highest level then you are very unlikely to race beyond the age of five and most horses with this record will retire between three or at the end of their four-year-old career to become a stallion the following season.
Professional bettors know they can build up a more meaningful race profile of a horse that has been active for longer compared to one that hasn’t and there tends to be more of an affinity with horses that race year in year out over time.
These races are highly competitive as one would imagine, sometimes much more so than the betting suggests.
Just as an example, if you had backed every short price favorite in grade 1hurdle or chase events races between the odds of 1.5 and 1.91 then you would you have made a loss of 14.55 euros to one euro a stake per bet or 145.50 euros lost to betting 10 euros per bet since 2003.
So betting to oppose the short price favourite and looking for the alternative value for the long term is one method that is certainly worth considering.