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Because quite often he cant. Betfair markets move quicker than the bookies are able to update their prices. Plenty of arbs available everyday on the horses.
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And if the horse wins or loses he will still win.
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he can tell the customer to hold on for a few seconds and tell him he has the bet after he balances his books/
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but then he would have to offer the customer a shorter price.
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THEY ALWAYS DO.
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If you go into the city of Dublin and ask for 10 grand on a 1/1 fav THE BOOKIE will not bat an eyelid and take the bet after he has backed it back at 11/8.It happens every day.
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