Greyhounds
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24 Nov 09
19:57
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Date Joined:
30 Oct 08
i think so, hans christen anderson stuff the shows being relayed from most of the track now. well done
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Replies: 19
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you have no faith in the accuracy of the shows been relayed?
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Win only sp = ** trousers! Yes don't agree with the shows at Sitt and Cray but oh how your mob have been manipulating it for about 20 years now, making a true 5/2 shot 5/4 for the offices, pay back time!
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will industry prices always be right???
and then would they take a decent bet?? |
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no and no
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sp only why dont you stick to the darts forum you fecking idiot
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you have won the star prize starship!!!
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Got to say its makes sense.
Why should 3 old codgers of bookmakers standing out in all weathers with no punters be the source of the official s.p,s for 1000,s of betting shops. S.P,s can easily be manipulated by them? or better still by the the big boys to suit themselves and remember who has the most efficient systems! |
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dungbeetle you are spot on regards to the codgers but at the end of the day who are the best judges to price up a card
1.the reps for ther big 4 2.betfair i know who i will follow!! jack |
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the big 4 dictate the small bookies at there tracks because they own/sponser them and they want it all there own way so the punter loses out
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superjudge 24 Nov 22:04
sp only why dont you stick to the darts forum you fecking idiot pathetic retort from superjudge, nothing to say so say nothing - idiot |
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no ... def not
making plenty from current f****d up system industry hows absolutely clueless |
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people dont really understand the concept of industry prices
for horse racing the idea of industry prices is very good for shops in that the prices give better margins ie on course shows 105% industry shows 125% for greyhound racing most bag shows would probably be on averageat least 130% end off |
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"betfair is the closest to a perfect market".
go read adam smith, ricardo, keynes et al before you come back on here telling people they dont understand about industry markets. |
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irish you are getting me wrong.i have said on other threads that betfair is the "god" regarding the proper market on greyhound markets.what the big four dont like is when certain dogs are under there price in shops.the whole concept of "industry prices" was to give the big 4 a better overround on a race.ie if its 6/4 on course then you can back it in there shops at industry prices at say 5/4.thats wot industry prices were for.predominately horses not dogs.
this is my understanding of it anyway if im totally wrong then i appoligise jack |
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Totally manipulated market ...big four= oligopoly = imperfect market
Why is this an issue? In the long run, no demand to punt at tracks(no punters), no supply (bookies), exactly geting to that situation now. Greyhound racing goes on because of demand in shops (allegedly), it doesn't matter about opinions, imperfections in the market caused by price manipulation provide a profitble co-existence between bookies and exchanges. So what ? Supply and demand is at its ultimate on betfair ten seconds before the off, yer takes yer money, yer takes yer choice... overound is about 100% every time ....only those lacking credit, percentile knowedge or common sense would walk into a betting shop and take their prices....fortunately there's a few of those... and they keep the game going..... god bless them. |
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dungbeetle 25 Nov 00:00
Got to say its makes sense. Why should 3 old codgers of bookmakers standing out in all weathers with no punters be the source of the official s.p,s for 1000,s of betting shops. S.P,s can easily be manipulated by them? or better still by the the big boys to suit themselves and remember who has the most efficient systems Dungbeetle - Thats not fair !! I'm the oldest of the 3 at Notts and am not 59 till Tuesday !!!!! I always thought that codgerability started at 60 !! |
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It's a messy situation. In my experince it's as difficult to get a bet on at Crayford as it is in the shops. It's nonsense.
Industry prices, however, have nothing to do with creating bigger margins for the off course market. Industry prices are collated from a selection of major books where there is no on course market other than pool betting. SIS prices for RUK tracks, however, are supplied because SIS, who have been the data supplier for the industry since 1987, cannot transmit data from the racecourse at tracks for which it has no rights. I find it amusing that the high street bookmakers employ odds compilers in whom they have no confidence whatsoever, running for cover if a particular outcome is highlighted by a "tipster", and yet they are happy to lay at a price collated from the weak and declining on course market. Sigh. |
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Good topic.
The idea of an SP system was that the return was governed by the on-course market. The problem with that system is that there is no on-course market to dictate the SP and,therefore, the SP is governed by someone doing the tissue for the on -course bookmakers. Twenty or thirty years ago the attendance at a Hackney BAGS meeting was more than what some tracks now get in an evening and the majority of people there were there to bet. Thus if a bookmaker made ricks with his prices then the market would reflect this and a reasonable SP would be returned which actually resembled the correct prices. The Betfair market now does this to an extent but is not reliable enough for an SP due to low % and possible manipulation. In short, the only real solution is for bookmakers to price each race up early as for Sky meetings and the market forces dictate the SP or they give 200 odd people a carpet each to attend a BAGS meeting and play away!!! |
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**
Brilliant Hit the nail on the head!! |