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General Betting
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24 Oct 10
11:33
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Date Joined:
20 Oct 10
Folks,
Interested in kick-starting a discussion on this topic.
However, I have never worked for any kind of bookmaker.
We all [should?!] know the mechanics of the over-round margin; and how it should, in the L/T, guarantee a profit to the layers.
However, I wonder how the actual P&L varies/swings from day-to-day, as "luck" is a S/T phenomenon that will surely impact on daily P&L.
Interested in kick-starting a discussion on this topic.
However, I have never worked for any kind of bookmaker.
We all [should?!] know the mechanics of the over-round margin; and how it should, in the L/T, guarantee a profit to the layers.
However, I wonder how the actual P&L varies/swings from day-to-day, as "luck" is a S/T phenomenon that will surely impact on daily P&L.
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^ "The daily variability of fixed-odds & spread bookmakers PROFITS"
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I thoguht this might have elicited a few more responses
 In particular, given the incredible run of horse-racing favs that have won over the last few days. Thoughts? |
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It's not that it's not an interesting question, I suspect it's more that not many people have access to the information required to even make an informed guess.
I'd be interested in the answer too. Maybe try something like the Greyhounds forum and see if a small track bookie could give you thoughts? |
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I'm not sure what you are asking tbh. I take an interest in spread
betting but mainly on footie, drawing comparison between book prices and the spread boys, making the occasional spread bet, though not often. Can I offer an opinion in some way ? |