General Betting
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http://www.guardian.co.uk/sport/blog/2009/dec/08/starting-prices-betting-horse-racing
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Well written and on the money again
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It is time the betfair market was brought into the equation when determining sp's.
I guess it would be a lot harder for the bookies to get the price down on here moments before the off which would make it a non starter and well opposed by those in charge! |
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when betfair start contributing £60M plus levy like the big 3, instead of £7M, things MIGHT MIGHT change
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See Greg Wood won the racing journalist of the year. Well deserved imo.
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Sorry cherry, didn't see you already mentioned that in another post.
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Cardew has a pop at him.
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Wood wants to turn his attentions to how la ddies refuse to raise early mornin prices!
Take the first at Southwell, they have cut 2 horses but refuse to budge on their terrible price on Athwaab. This happens every day, all they do is increase their book % by as much as 15% during the day! |
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Who bets at Bookmaker SP .... only idiots
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and the reason can now be seen, bigger rule 4 by la ddies on the horse that has now been withdrawn!
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About time Wood looked into losing 20% of your winnings the following Wednesday and then compare it with SP.
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FBS
The changing gambling attitudes of the general public will eventually see the demise of traditional bookmakers, but Betfair odds can only be brought into an SP equation, if a punter tax of at least 10% of his stake is reintroduced The Govt will still legislate for their 'share' and that of the Levy - and you cant get that from an almost 100% book Currently, Betfair pay 10% levy and 15% GPT of approx 4% of its turnover- whilst traditional books pay 10% levy and 15% GPT of approx 15% of their turnover. In real terms Betfair, because of their business model, pay approx 1/4 of what the Treasury and Levy were expecting. The more market share they take from bookmakers, the less the Treasury and Levy gets Eventually the Govt will step in to 'correct' what it deems the industry is failing to pay - and its definitely the exchanges where their attention will be greatest |