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03 Oct 11
11:14
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22 Mar 04
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look at a "book" after a race ( a good handicap ideally)
when I say a "book" I don't mean a book as in paperback but a bookmaker's book Any suggestions as to how i would be able to do this? Does it appear in a recommended book for example? |
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I've already read quite a few books on the subject of bookmaking and I have searched on Google for blogs
and am unable to find a single real-life example. |
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Are you looking in the section marked 'fiction'?
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No
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I wouldn't mind a fictional example even
as long as the amounts were in proportion |
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All you need to know is that no bookmaker ever has the perfect book - there's always exposed areas of liability - in my experience (brief stint in a small offshore company) the punters who put on chunky stakes were generally ahead of the inept traders so they'd always have value leaving areas of liability they didn't want.
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Thanks capri
From my reading so far I am aware of what you have said but it would be nice to see (for a typical good betting handicap) where the losers are and how much of a limb they are out on |
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The 'further reading' section might be of use.....
http://en.wikipedia.org/wiki/Mathematics_of_bookmaking |
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must admit that I haven't read all of those Gerry
I'll see if North Tyneside Libraries have any of them .... |