It's the eve of the greatest racing festival on earth which means it's that time again. During the course of the next five days we are going to attempt to systematically beat the market.
This will be our eighth attempt at challenging the Efficient Market Hypothesis and over the course of the next five days we will place 27 imaginary wagers to see if it is possible to beat the bookies.
The scorecard reads 4-3 to the market. We have successful beat it in 2010, 2011 and 2013. The last two years have been disappointing. Prior to last year, a selection was made on which our hopes rest. Last year, with the help of Fiona Mullins, we followed the favourite to see if we could beat the market this way. We failed.
This year we are going to continue with the Mullins influence and follow the great Carlow trainer. In 2003 the Champion trainer brought eight horse to the Cheltenham Festival. In 2015 he had eight winners! Such is Mullins' rise that this year he will saddle sixty horses over the four day meeting. We can't back all sixty. Instead we will follow the horse he saddles with Ruby Walsh on board.
If Mullins has a runner or runners and Ruby isn't riding in the race (e.g. amateur jockey races), we'll revert to his shortest starting price horse.
We will place a €2 win bet in each race if the horse is less than 4-1, and €1 each-way bet if the horse is 4-1 or greater. As always, daily updates to follow.