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'We've literally been frozen out, entitled to nothing...A lot of people have remortgaged houses to stay afloat'

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Ring-fenced: Usually thronged throughout the afternoon, the betting rings of Cheltenham will be silenced this year. Photo: Alan Crowhurst/Getty Images

Ring-fenced: Usually thronged throughout the afternoon, the betting rings of Cheltenham will be silenced this year. Photo: Alan Crowhurst/Getty Images

Ring-fenced: Usually thronged throughout the afternoon, the betting rings of Cheltenham will be silenced this year. Photo: Alan Crowhurst/Getty Images

Their factory floor has been silent for a calendar year now and, from where they’re standing, nobody cares a whoop.

Time was the worst thing that could happen on-course layers was a favourite committing the sin of coming home first, but they are denied even that pleasure of the gamble now. Already hopelessly diminished by the exchanges, this ancient market is hanging by the slenderest of threads.

Racing came back in the summer but, without people, it came back without the music of the ring.


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