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Bit of newbie question so apologies if I've being naive but:
How often - in percentage terms - are bookmakers official SPs higher than the average traded price on Betfair?
Thanks
How often - in percentage terms - are bookmakers official SPs higher than the average traded price on Betfair?
Thanks
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Replies: 11
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"newbie"
JOINED - Sep 1st - 2001 Who's kidding who, here?   |
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this is should be fun! lol first off, how are you calculating an average traded price? you could do it a few ways. take the top traded and bottom traded and find the middle point? or use the price that most money was traded at? or the 5 prices the most money was traded at and take the middle one? etc.....
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Yes,yet another "Fisherman" appears from BF's never ending supply of cretins
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Then you need to divide the Bookmaker's Industry SP - by the relevant decreasing percentage - to bring it in line with Betfair's 100% book.
Multiply by the number of runners in the race that were triers - then divide by the number of 'not offs' (more commonly referred to as Drifters). Take away the number that you first thought of - add your grandma's birthday - add the house number that you first lived ... Then .............. |
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OP what is newbie about you - got yourself a long-service award there, going by your start date. Explain. please.
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Nice 'ere innit?! I am indeed a BF veteran of nearly 14 years standing but mostly on on football and financials. Never really looked at horseracing and had the kind of question that is probably very basic for regulars on this forum. Not trying to kid anyone, just trying to scratch an itch that's all
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Also a newbie in the sense I wouldn't know a horse from a donkey. Don't care either - just trying to make money
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Put a plaster on that itch, then - and be advised to stay away from Horse Racing, if you .... "wouldn't know a horse from a donkey".
A million more variables in, and on, Horse Racing - than just a 3 possible outcomes Football match. - and you do not ALWAYS have the option of getting out at an accepted small Loss on Horse Racing - than you do with Financials. It ALL happens in seconds - not mornings, afternoon sessions - or even days. |
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If the OP is telling the truth I can only repeat onlooker's advice.
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Yes,yet another "Fisherman" appears from BF's never ending supply of cretinsSad
No apology for that racingstar? |
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56% are higher 38% of the time
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