New Posts For Thread: Bookmakers Exposurehttps://community.betfair.com/general_betting/go/thread/view/94082/23535638/bookmakers-exposureIf most book makers look to balance books then how come whether Kauto Star won or not meant either a £50 million win or a £50 million loss for the bookmaking industry?I thought they changed the odds to reflect the weight of money based on making asIf most book makers look to balance books then how come whether Kauto Star won or not meant either a £50 million win or a £50 million loss for the bookmaking industry?Bookmaker PR people will make up any old cr@p if it's going to get them some publhttps://community.betfair.com/general_betting/go/thread/view/94082/23535638/bookmakers-exposure?post_id=420931030#420931030If most book makers look to balance books then how come whether Kauto Star won or not meant either a £50 million win or a £50 million loss for the bookmaking industry?Bookmaker PR people will make up any old cr@p if it's going to get them some publTue, 30 Mar 2010 08:46:21 -0500sorry to disappoint you, all the top bookies gamble prodigiously and have hefty liabilities. a level book is a thing of the past except with the odious arber breed of back line bookshttps://community.betfair.com/general_betting/go/thread/view/94082/23535638/bookmakers-exposure?post_id=420931026#420931026sorry to disappoint you, all the top bookies gamble prodigiously and have hefty liabilities. a level book is a thing of the past except with the odious arber breed of back line booksTue, 30 Mar 2010 08:42:18 -0500a balanced book is a myththe general public as a rule like to back favourites be it horses, football or anything else. so if the favourite wins the bookmakers generally lose.they make their profit in the long run by charging punters a premium to backhttps://community.betfair.com/general_betting/go/thread/view/94082/23535638/bookmakers-exposure?post_id=420931022#420931022a balanced book is a myththe general public as a rule like to back favourites be it horses, football or anything else. so if the favourite wins the bookmakers generally lose.they make their profit in the long run by charging punters a premium to backTue, 30 Mar 2010 08:34:02 -0500I know that several larger firms were more worried by Denman winning come the off time, than they were for Kauto Star.https://community.betfair.com/general_betting/go/thread/view/94082/23535638/bookmakers-exposure?post_id=420930982#420930982I know that several larger firms were more worried by Denman winning come the off time, than they were for Kauto Star.Tue, 30 Mar 2010 07:21:52 -0500Meanwhile, in a further sign that punters are cutting back, takings from Ladbrokes' 8,000 touchscreen slot machines, which account for about a third of shop takings, fell by 1.2% fecking hell, 1 third.https://community.betfair.com/general_betting/go/thread/view/94082/23535638/bookmakers-exposure?post_id=420930974#420930974Meanwhile, in a further sign that punters are cutting back, takings from Ladbrokes' 8,000 touchscreen slot machines, which account for about a third of shop takings, fell by 1.2% fecking hell, 1 third.Tue, 30 Mar 2010 07:15:26 -0500This piece underlines Clacher's points about football and how the bookies need to get the big teams turned over, if they all keep winning the bookies end up doing their conkers (but to the mugs, which is money that will likely come back to them one whttps://community.betfair.com/general_betting/go/thread/view/94082/23535638/bookmakers-exposure?post_id=420930966#420930966This piece underlines Clacher's points about football and how the bookies need to get the big teams turned over, if they all keep winning the bookies end up doing their conkers (but to the mugs, which is money that will likely come back to them one wTue, 30 Mar 2010 07:08:42 -0500it never ceases to amaze me the amount of bullsh1t on these threads that is posted as ABSOLUTE facthttps://community.betfair.com/general_betting/go/thread/view/94082/23535638/bookmakers-exposure?post_id=420930930#420930930it never ceases to amaze me the amount of bullsh1t on these threads that is posted as ABSOLUTE factTue, 30 Mar 2010 02:39:34 -0500As far as bookmakers are concerned horse racing takes up little more than 5% of the entire turnover.The bookmaker's main focus is having their 4 FOBT's played continuously throughout the day knowing they have an in built house edge of 2.5%.https://community.betfair.com/general_betting/go/thread/view/94082/23535638/bookmakers-exposure?post_id=420930926#420930926As far as bookmakers are concerned horse racing takes up little more than 5% of the entire turnover.The bookmaker's main focus is having their 4 FOBT's played continuously throughout the day knowing they have an in built house edge of 2.5%.Mon, 29 Mar 2010 20:10:09 -0500ive seen the figures, used to do odds compiling back in the day, the books will virtually always have a RED side to most markets.a bayern v man united book might look like thisMunich 9/4Draw 9/5Man United 7/5the bookies will end up with a huge -ve onhttps://community.betfair.com/general_betting/go/thread/view/94082/23535638/bookmakers-exposure?post_id=420930922#420930922ive seen the figures, used to do odds compiling back in the day, the books will virtually always have a RED side to most markets.a bayern v man united book might look like thisMunich 9/4Draw 9/5Man United 7/5the bookies will end up with a huge -ve onMon, 29 Mar 2010 19:55:54 -0500The Investor 29 Mar 22:14 Excellent explanation by Eldrick.As far as I know (some of) the most profitable gamblers ever seem to have been involved with horse racing in Hong Kong where the tote rake is 18% I believe. This is where you clearly shttps://community.betfair.com/general_betting/go/thread/view/94082/23535638/bookmakers-exposure?post_id=420930914#420930914The Investor 29 Mar 22:14 Excellent explanation by Eldrick.As far as I know (some of) the most profitable gamblers ever seem to have been involved with horse racing in Hong Kong where the tote rake is 18% I believe. This is where you clearly sMon, 29 Mar 2010 19:20:03 -0500