New Posts For Thread: What are the true odds ?https://community.betfair.com/general_betting/go/thread/view/94082/23494206/what-are-the-true-oddsI will use Aussie racing as an exampleOn the Aussie tote with maybe 100k in the pool a horse may be paying 7$ , you'd think 100k is enough to get a pretty decent true odds, add maybe 20% for the fact it is the tote , taxes etc. On Betfair on the sameI do agree the tote punters generally have no idea of value, but as is always the case, if you get enough of these people together the price will become value, you can't say the tote on the Melbourne Cup with several million in it is not getting closhttps://community.betfair.com/general_betting/go/thread/view/94082/23494206/what-are-the-true-odds?post_id=419700314#419700314I do agree the tote punters generally have no idea of value, but as is always the case, if you get enough of these people together the price will become value, you can't say the tote on the Melbourne Cup with several million in it is not getting closSun, 10 Jan 2010 14:51:02 -0600Impossible to begin comparing the two as they have a completely different customer base , admittedly exchange volume is a contribution from a 96% losing customer base but any large staking shrewd punters wouldn't use the tote as their influential stahttps://community.betfair.com/general_betting/go/thread/view/94082/23494206/what-are-the-true-odds?post_id=419700310#419700310Impossible to begin comparing the two as they have a completely different customer base , admittedly exchange volume is a contribution from a 96% losing customer base but any large staking shrewd punters wouldn't use the tote as their influential staSun, 10 Jan 2010 14:25:10 -0600That is what i was thinking, normal people would not be laying a horse that short in the Aussie market for double the price , so maybe insiders who know the horse wont win are just cashing in .https://community.betfair.com/general_betting/go/thread/view/94082/23494206/what-are-the-true-odds?post_id=419700306#419700306That is what i was thinking, normal people would not be laying a horse that short in the Aussie market for double the price , so maybe insiders who know the horse wont win are just cashing in .Sun, 10 Jan 2010 14:11:52 -0600Betfair odds look like a bargain but maybe someone who knows the horse won't win has layed it for heaps?https://community.betfair.com/general_betting/go/thread/view/94082/23494206/what-are-the-true-odds?post_id=419700290#419700290Betfair odds look like a bargain but maybe someone who knows the horse won't win has layed it for heaps?Sun, 10 Jan 2010 00:31:01 -0600I will use Aussie racing as an exampleOn the Aussie tote with maybe 100k in the pool a horse may be paying 7$ , you'd think 100k is enough to get a pretty decent true odds, add maybe 20% for the fact it is the tote , taxes etc. On Betfair on the samehttps://community.betfair.com/general_betting/go/thread/view/94082/23494206/what-are-the-true-odds?post_id=419700286#419700286I will use Aussie racing as an exampleOn the Aussie tote with maybe 100k in the pool a horse may be paying 7$ , you'd think 100k is enough to get a pretty decent true odds, add maybe 20% for the fact it is the tote , taxes etc. On Betfair on the sameSat, 09 Jan 2010 17:55:09 -0600