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Tascro
18 Jul 12 13:42
Joined:
Date Joined: 03 Dec 11
| Topic/replies: 259 | Blogger: Tascro's blog
is there any way to improve the liquidity on here? its impossible to get matched at reasonable prices for reasonbable amounts of money.  I love my ante post betting and i am a backer only. can betfair entice layers to make it worth their while to play antepost. not many people can afford to have large amounts of money tied up for weeks or months at a time, i dunno the answer but it would be great to have thriving antepost markets on here.
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Report eric_morris July 19, 2012 8:41 PM BST
Ridiculously short bookmaker antepost prices are the reason.

Those who place decent size antepost bets with bookmakers and balance their books laying back on here are dwindling as they are not getting antepost value from the bookmakers to kickstart the food chain on here. Betfair backer scavengers are not getting some of that value from them by backing and so are not in turn laying it back on here again to backers themselves for free bets.

The Betfair layer scavengers are not wanting to lay value bets on here they are virtually mirroring bookmaker prices on those that win the vast majority of races.
Report eric_morris July 22, 2012 8:54 AM BST
The OP stated he was a backer only. That is probably a little disingenuous as if he was then he would be able to place his positions with bookmakers and take on the highest risk in the whole foodchain. The bookmaker antepost backers go in for positions earliest with the least evidence of prospective success as the horse may not have run or only run once on the flat also the least information to assimilate at that early stage in the race lead up and therefore the least chance of success in the whole antepost foodchain. There is no liquidity on the horse on the antepost market here to lay off their view at that stage either, there are no immediate safety nets for them it is cold, hard early viewpoint the russian roulette of antepost backing.

It is highly likely the OP is a Betfair backer scavenger looking to feed off the ultimately successful-in-race-lead-up (and hence price shortening) lay of the bookmaker antepost backer and then lay off himself for a risk free bet (yes not only does the initial bookmaker antepost backer have the highest risk they also would need to tie up on here the greatest amount with the initial lay in the foodchain unless holding their view until the race or close to the race).

If the bookmaker antepost backers view was wrong they generally cant lay off on here at all it is a virtual write off or financially ineffective to do so tying up funds to return small amounts on hopeless causes.

Ironically the people who start the antepost food chain with the highest risk and skill to make it possible for others to feed off and make profit as well are often those given the most grief by those very same scavengers on here for lieing about staking amounts. :)
Report eric_morris July 22, 2012 9:00 AM BST
..or accused of lieing re even having placed the bet at all at the stated odds. If this was a lie the very same Betfair backer scavengers on here wouldnt be able to place their cowardly low risk back then lay for free bet with no funds at all tied up for months. Ignorant fkers :)
Report eric_morris July 22, 2012 9:18 AM BST
suppose the phrase is they are ... 'biting the hand that feeds them'.   :)
Report PeteTheBloke July 22, 2012 9:16 PM BST
Tascro

I don't know the answer, but I know how it works because ante-post laying is what I do
on here. In essence, I'll be a fearless layer at large prices... but only when I've got
money in the satchel. It stands to reason - I don't want to lay 5,000 - 1,000 until I've
taken £5000 in bets. That takes a long time, and as you say, ties money up.

Betfair has made things a lot worse in handicaps because they no longer allow layers to
offset their potential losses against the fielded money. This rule is a complete nonsense
because most other markets are NR/NB (e.g. golf tournaments) and the late withdrawals can have
a horrible impact on your book, but balloted horses rarely hammer you in the same way.

Premium Charge is another painful impediment to laying; but I recently tried chalking up
prices on the purple place for a few races and could not take a single bet. I even topped
my prices here (after all, the commission is a LOT lower) and still couldn't get a dickie
bird. The purple seems to be OK for day of the race stuff but they may aswell not bother
doing ante-post.

I haven't read what Eric says, but you've probably made your own mind up about his views
if he's adhered to his normal line.
Report PeteTheBloke July 22, 2012 9:18 PM BST
PS If you have a fancy for an ante-post bet, don't be afraid to stick your
price up here and wait because you'd be surprised how much trade is done on the
right-hand side.
Report The Headmaster July 23, 2012 10:05 AM BST
Dear Eric,

I need your help as you seem to know plenty about this ante-post punting lark. If I fancied a horse to win, let's say, the Arc, but none of the high streets firms had heard of the horse, let alone priced him up - and wouldn't let me have a bet with them if they had, what would you advise me to do next?

Your friend in need,
The Head
Report eric_morris July 23, 2012 10:42 PM BST
Petethebloke as established on a previous thread is a Betfair layer scavenger who doesnt want to offer value as he stated on it. You will get more on with a bookmaker than the likes of him on antepost markets on here so he offers little to the markets on here.

Headmaster raises an irrelevant point, the OP didnt ask about rare miniscule amounts offered and matched that are not quoted by bookmakers. He asks how to get reasonable amounts on herepresumably looking for value when doing so. The vast majority of antepost value with liquidity on here comes from those with an initial bookmaker position. As pointed out the scything of antepost prices by bookmakers combined with by far the biggest risk in the food chain taking the early prices with little information means they are now less in number.
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