I wonder how this will effect the price of the horse at betfair. I can see a lot of people thinking that he 'knows something' and thus backing Red Merlin. Also there is always the chance laddies and will hill will try and back out their liability at betfair which. I predict red merlin will steam towards the off. Hmm in fact i think i'll back him now and try and trade of just before the off.
EDIT: ha unless of course he has a million in betfair that he is trying to lay off, then i'm in trouble!