General Betting
There is currently 1 person viewing this thread.
Hello,
just a quick one:
I can't see the point in offering odds of 1000 on long term markets, like the football world cup (for teams like New Zealand or Honduras). I mean, you have no access to that money for 90 days for a profit of 0.1%!? Even nowadays, you can easily get that margin by bringing your money to the bank so whats the point? Please enlight me!
just a quick one:
I can't see the point in offering odds of 1000 on long term markets, like the football world cup (for teams like New Zealand or Honduras). I mean, you have no access to that money for 90 days for a profit of 0.1%!? Even nowadays, you can easily get that margin by bringing your money to the bank so whats the point? Please enlight me!
sort by:
Show
per page
Replies: 16
|
By:
What if you've laid everyone else and you're 2000 green on the market?
|
|
By:
Making books
|
|
By:
Doing those bets hides money from the tax man
|
|
By:
Fifty of those and you've made more than a bank will pay you. Tax free too.
Of course, they have to be genuine no hopers. |
|
By:
It works like this:
You make your own book , so you have prices for every outcome. You put up lays for everything at 15% or so lower than your own price. No one who knows anything about Football and Odds Compiling could possible have New Zealand or Honduras less than 5000/1 so laying them at 1000 is a great value bet. Do people seriously think someone decided to make a New Zealand lay their only bet of the tournament? :D |
|
By:
although Schalke may have a point too ;)
|
|
By:
Arn't a lot of the 1000s put up by Betfair on long term markets?
|
|
By:
The Destroyer 18 Apr 23:52
Arn't a lot of the 1000s put up by Betfair on long term markets? No, Betfair don't seed. They only hedge their multiples liabilities as far as I'm aware. |
|
By:
I find it utterly impossible to believe that they need to hedge multiple bets, bearing in mind they offer such appalling odds and charge commission on them!
|
|
By:
the commission charge makes me laugh
|
|
By:
only thikng is last time i looked schalke was down his lat 40quid!!!!! lol lol
|
|
By:
They do hedge and I'm pretty sure their hedging loses. Good for the market, although it is laughable that they do it.
|
|
By:
Agree Bayes. I can only imagine that the Malta trading team can tolerate only a tiny fraction of the volatility that Betfair as a whole can.
With Betfair's huge cash reserves they could easily just take all the risk, as this would lead to a higher expected overall profit long term. Do they lose because of commission, or is their gross PL negative too? If it's just commission it would just be money swirling around through Betfair. Not sure what the tax implications are. |
|
By:
chop180 19 Apr 00:15
I find it utterly impossible to believe that they need to hedge multiple bets, bearing in mind they offer such appalling odds and charge commission on them! I can't really imagine any situation in which someone that aims to make a profit would place a multiples bet, unless there is some kind of promotion going on. So the people that do aren't going to be all that sensitive about pricing. |
|
By:
Dodgy weather forecasts for parts of america in the NFL is one time Investor.
|
|
By:
Although you'd never use betfair for that. (Or I wouldnt have posted it in full view of them :D )
|