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Cheltenham Races 2023: Public or private? Friday's trade will signal which way the trend is going this season
**The Cheltenham Festival is just around the corner, and the question on everyone's lips is: will it be a public or private affair?
The answer to that question could have a big impact on the betting markets, and it's something that traders will be watching closely on Friday when the first races of the meeting are run.
If the public are backing the horses, then that could be a sign that they are confident in their chances. However, if the money is coming from private sources, then that could be a sign that the professionals are not so sure.
There are a number of factors that could influence the betting trends at Cheltenham this year. One is the fact that the meeting is being held behind closed doors for the second year in a row. This means that there will be no crowds to cheer on the horses, and that could make it more difficult for the public to get involved.
Another factor that could affect the betting is the strength of the field. This year's Cheltenham Festival features a number of top-class horses, and that could make it difficult for the public to find value. However, there are also a number of outsiders who could be worth a bet, and that could make the meeting more interesting for punters.
Ultimately, the question of whether Cheltenham will be a public or private affair will be decided by the betting markets. If the public are backing the horses, then that could be a sign that they are confident in their chances. However, if the money is coming from private sources, then that could be a sign that the professionals are not so sure.
Here are some of the key factors that traders will be watching on Friday:
- The volume of money being bet on each race
- The direction of the money (i.e. is it coming from the public or from private sources?)
- The prices of the horses in the betting markets
By watching these factors, traders will be able to get a good idea of whether the public are confident in the horses or not. This information will then be used to set the prices of the horses in the betting markets.
Conclusion
The Cheltenham Festival is one of the biggest events in the racing calendar, and it's always a fascinating betting spectacle. This year's meeting is sure to be no different, and it will be interesting to see whether the public or the private money dominates the betting markets.
