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Pigeon House 3.00 Musselburgh, available at 150 prior to withdrawl but reduction factor applied is 6.1%?
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Same reason why the fav in that race is at 19% instead of 33%, betfair set them at the market start and hardly ever change them!
Betfair should dynamically alter the rf as prices change up and down. |
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In this day and age and all the technology you'd think RF could be reflective of price at time of WD.
Probably due to market manipulation issues. |
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But where do Betfair come up with the rf in the first place when the market opens?
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When the market is loaded each horse is given a 'reduction factor', based on a forecast price, which is expressed as a percentage. These reduction factors may be updated periodically at the discretion of Betfair based on trading in the market, but after approximately 15 minutes (approximately 5 minutes for Australian and US markets) from the scheduled 'off' time of a given race, they will be updated only in exceptional circumstances.
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Thanks but where do they get their "based on a forecast price" from?
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may be updated periodically at the discretion of Betfair based on how our book is looking ....
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you surely forego the 'discretion' to do anything involving the markets when you chose to get involved within the markets ...
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I've noticed that if I have an interest in the early markets and there is a subsequent non runner, I nearly always lose out. The explanation about trader's discretion explains that. Some of the early reductions are crazy.
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