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StartingPrices
23 Dec 18 21:08
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Date Joined: 23 Dec 18
| Topic/replies: 12 | Blogger: StartingPrices's blog
How much longer will this outdated system exist? Everybody knows that the real prices are on Betfair and that all racecourse bookies use betfair...it's a sham isn't it?
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Report mouse muldoon December 23, 2018 9:19 PM GMT
It is, and may I say you are very well named to spearhead this campaign.
Report StartingPrices December 24, 2018 11:18 AM GMT
The SP's are clearly fixed and the group used to fix the SP's offer prices less than Betfair and less than their colleagues. Bye bye SP.
Report Ramruma December 24, 2018 11:35 AM GMT
I'd be surprised if the SP system survived a challenge under competition law (though who would bring one? Not Betfair!).

Though I expect it would be out of the frying pan and into the fire, as punters would likely end up with even worse terms.
Report StartingPrices December 24, 2018 2:05 PM GMT
Hi Ram...Betfair will outlast the SP system, it's just a matter of when. Now the slots are limited to £2 and when this starts you can bet your life that the SP's will be even more in favour of the shops. This being the case the shops will struggle to take a bet with odds being better on Betfair who I expect will soon be having a massive advertising campaign with explanations for those that are not aware of Betfair.
Report mouse muldoon December 24, 2018 2:07 PM GMT
Will BF carry a coffin around that's supposed to represent the death of the books?
Report StartingPrices December 24, 2018 2:15 PM GMT
Hey mouse...get real and look to the future and be prepared. The books aren't there for the SP's (that's only the chosen few that offer smaller odds) they will always be there as middle men for Betfair and the racegoers that don't have smart phones.
Report McCoy Carp December 24, 2018 2:24 PM GMT
What I'd like to know is, away from the front end of the market at a run of the mill meeting, what sort of money can you get on before you start cannibalising the Betfair SP? Are there any articles/data on this anywhere?
Report mouse muldoon December 24, 2018 2:38 PM GMT
Difficult one to answer Mr Carp, but you are on the right track with your idea to have a bot drip-feeding into the exchange im the last 5 minutes or so pre-race.
Report McCoy Carp December 24, 2018 2:44 PM GMT
I am thinking of going autonomous next year mouse, depending on how things play out. Not sure what I'll end up doing when I'm not working then Sad
Report mouse muldoon December 24, 2018 2:44 PM GMT
That's how I do it anyway, because I have no way of testing how robust/trustworthy Betfair SP is.
Report McCoy Carp December 24, 2018 2:50 PM GMT
Another thing I've wondered, is there people getting money on after the race has started and before the SP is determined? I don't know if I'm being paranoid, but the SP always seems to be shorter than what was available just before the off if a horse gets a flyer from the stalls or jumps off quickly over the jumps and the opposite if my selection doesn't? Like I say, maybe I'm just imagining it?
Report mouse muldoon December 24, 2018 2:53 PM GMT
Yeah, that does happen quite a lot.
Report StartingPrices December 30, 2018 8:57 AM GMT
Have you noticed how the SP's have slowly started to increase? How else can shops make up the loss of profits from the slots?
Report McCoy Carp December 30, 2018 1:44 PM GMT
?
Report Ramruma December 30, 2018 1:46 PM GMT
Have you noticed how the SP's have slowly started to increase? How else can shops make up the loss of profits from the slots?

Do you mean decrease?
Report hulk23 December 30, 2018 1:48 PM GMT
they'll start charging to use the toilet before the SP's get any better (Nap) ...
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