New Posts For Thread: Regulators - stand up for punters rights on the SPhttps://community.betfair.com/general_betting/go/thread/view/94082/23495094/regulators---stand-up-for-punters-rights-on-the-spPosted this before, but want constructive criticismTo ensure the industry SP is FAIR (GC please note) and to stop 'mavericks' that openly flout this, the following should be relatively simple to implement:When an overround of more than 115% is returIf you have laid the 5/4 and don't cut it, you don't lay the 5/4 next time the same thing happens, sir!https://community.betfair.com/general_betting/go/thread/view/94082/23495094/regulators---stand-up-for-punters-rights-on-the-sp?post_id=419718826#419718826If you have laid the 5/4 and don't cut it, you don't lay the 5/4 next time the same thing happens, sir!Sun, 24 Jan 2010 16:55:04 -0600if you are 5/4 and its 6/4 solid on here, and you want to lay it and are happy to lay it at 5/4, what stops you hedging whatever you don't want on here (or purple), and continuing to lay the 5/4?Are you saying that exchange prices are irrelevant justhttps://community.betfair.com/general_betting/go/thread/view/94082/23495094/regulators---stand-up-for-punters-rights-on-the-sp?post_id=419718822#419718822if you are 5/4 and its 6/4 solid on here, and you want to lay it and are happy to lay it at 5/4, what stops you hedging whatever you don't want on here (or purple), and continuing to lay the 5/4?Are you saying that exchange prices are irrelevant justSun, 24 Jan 2010 16:53:21 -0600here's what i don't understand. if I as a substantial layer, who bets to opinions lay a horse at 5/4 to proper money, be it from firms, punters whatever, am I not within my rights to cut my odds because of that weight of money? nobody has adequatelyhttps://community.betfair.com/general_betting/go/thread/view/94082/23495094/regulators---stand-up-for-punters-rights-on-the-sp?post_id=419718818#419718818here's what i don't understand. if I as a substantial layer, who bets to opinions lay a horse at 5/4 to proper money, be it from firms, punters whatever, am I not within my rights to cut my odds because of that weight of money? nobody has adequatelySun, 24 Jan 2010 16:45:20 -0600yes askari- I can see a low take out toat as being a solution, but if it did happen, it would be decades awayWhat I'm persuing is a solution to 'correct' this immediatelyhttps://community.betfair.com/general_betting/go/thread/view/94082/23495094/regulators---stand-up-for-punters-rights-on-the-sp?post_id=419718782#419718782yes askari- I can see a low take out toat as being a solution, but if it did happen, it would be decades awayWhat I'm persuing is a solution to 'correct' this immediatelySun, 24 Jan 2010 13:04:21 -0600birch, I don't disagree that the big 3 are rigging 130+ ORs at the gaff tracks and throwing in awful ORs when it suits them on the AW gaffs too.A 110-112 OR for a seven or eight runner race can be acceptable to the books if they get a spread of moneyhttps://community.betfair.com/general_betting/go/thread/view/94082/23495094/regulators---stand-up-for-punters-rights-on-the-sp?post_id=419718674#419718674birch, I don't disagree that the big 3 are rigging 130+ ORs at the gaff tracks and throwing in awful ORs when it suits them on the AW gaffs too.A 110-112 OR for a seven or eight runner race can be acceptable to the books if they get a spread of moneySat, 23 Jan 2010 15:30:28 -0600Start a thread on that if you wish. In roulette there may be a fixed takeout, but there is also a mathematically guaranteed edge to the bank on every number on every spin. The horseracing betting market on each race is subjective. But stats over a pehttps://community.betfair.com/general_betting/go/thread/view/94082/23495094/regulators---stand-up-for-punters-rights-on-the-sp?post_id=419718670#419718670Start a thread on that if you wish. In roulette there may be a fixed takeout, but there is also a mathematically guaranteed edge to the bank on every number on every spin. The horseracing betting market on each race is subjective. But stats over a peSat, 23 Jan 2010 06:28:25 -0600starfishIf the 25p cup disappears (due to PC/ tax) and they then raise the same cup to £2 elsewhere - would you be a little aggrievedhttps://community.betfair.com/general_betting/go/thread/view/94082/23495094/regulators---stand-up-for-punters-rights-on-the-sp?post_id=419718666#419718666starfishIf the 25p cup disappears (due to PC/ tax) and they then raise the same cup to £2 elsewhere - would you be a little aggrievedSat, 23 Jan 2010 05:57:32 -0600Why are all us punters moaning and knocking. We have never had it so good. Since the introduction of exchanges we have seen 140% margins both in shops and on course disappear and been replaced with 110% margins and mostly on course, bookies betting ohttps://community.betfair.com/general_betting/go/thread/view/94082/23495094/regulators---stand-up-for-punters-rights-on-the-sp?post_id=419718662#419718662Why are all us punters moaning and knocking. We have never had it so good. Since the introduction of exchanges we have seen 140% margins both in shops and on course disappear and been replaced with 110% margins and mostly on course, bookies betting oSat, 23 Jan 2010 05:22:34 -0600Well I can buy a can of coke for anywhere between 25p and a pound depending where I buy it. I can also choose NOT to buy it.https://community.betfair.com/general_betting/go/thread/view/94082/23495094/regulators---stand-up-for-punters-rights-on-the-sp?post_id=419718658#419718658Well I can buy a can of coke for anywhere between 25p and a pound depending where I buy it. I can also choose NOT to buy it.Sat, 23 Jan 2010 05:15:18 -0600askaribirch, it wdn't work b/c fairer prices wd lead to the off-course books withdrawing from sp and setting industry prices.fairer prices = an average race returning an overround between 112-118% - many horse races are in this range - and the 'indushttps://community.betfair.com/general_betting/go/thread/view/94082/23495094/regulators---stand-up-for-punters-rights-on-the-sp?post_id=419718654#419718654askaribirch, it wdn't work b/c fairer prices wd lead to the off-course books withdrawing from sp and setting industry prices.fairer prices = an average race returning an overround between 112-118% - many horse races are in this range - and the 'indusSat, 23 Jan 2010 04:47:48 -0600