LMAX
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03 Apr 11
21:06
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Date Joined:
16 Mar 10
according to the telegraph
Betfair parts ways with LMAX chief Robin Osmond
Betfair has parted company with the chief executive of LMAX – just three months after the online trading platform launched for retail investors.
The departure of Robin Osmond, a former head of global investment banking at Morgan Stanley, is likely to raise City fears about the roll out of the LMAX platform.
Betfair owns a majority 75pc stake having invested more than £25m in the start-up business.
When it floated late last year Betfair highlighted its growth prospects. “We hope LMAX can be as disruptive as Betfair,” David Yu, chief executive of Betfair told The Sunday Telegraph ahead of last year’s float.
“We’re creating a marketplace where retail customers can come together and trade into the exchange directly without having to go through a market maker. It’s taking out one link in the chain. We brought a fundamentally different way of allowing people to bet that was more efficient and we’re trying to do the same in financial trading.”
Goldman Sachs and Morgan Stanley, which brought Betfair to the market, also made much of LMAX’s prospects, given it was built on Betfair’s original technology which matched peoples’ bets..
But in recent months analysts have questioned how successful the roll-out has been.
LMAX aims eventually to match retail investors who want to trade contract for differences in market indices, fixed income products, commodities and foreign exchange products. But according to rivals, LMAX is still offering the opportunity to bet on a limited number of products and market makers are still thought to be providing much of the liquidity.
Questioned by analysts on LMAX’s performance last month at the company’s third quarter trading update, Mr Yu promised to update shareholders and analysts on progress when the group announces its full year results in June.
A spokesman for Betfair said: “As a shareholder, we remain fully committed to LMAX. It is an exciting start-up business in its early stages of development that we believe, through its unique platform, offers retail traders a completely different experience to any other retail financial trading outlets.”
Shares in Betfair have fallen sharply since the company was floated by Goldman Sachs and Morgan Stanley in October 2010 at £13 a share. On Friday they closed at 985p, down almost 25pc in less than six months.
A disappointing maiden trading update in December, which saw the group report growth of just 1.6pc, has hit City confidence in the company.
But it is not just investors who have had cause for concern. Last month, Betfair’s decision to move offshore - operating under a licence from Gibraltar - worried the racing industry, amid fears of its commitment to UK horseracing. The fears emerged in spite of Betfair’s promise to maintain its £7m a year contribution to the Horserace Levy.
Mr Osmond had resigned “to pursue other opportunities in the City”, according to a spokesman for LMAX.
David Mercer will take on the role of interim chief executive at LMAX. “Robin [Osmond] will remain with the company for a period of time to ensure an orderly and effective transition,” the spokesman continued.
In a statement Edmond Warner, chairman of LMAX, said: “Robin [Osmond] has made a significant contribution to LMAX, both during its creation and since its subsequent launch in October last year. He leaves the company well-placed to deliver a product which is truly differentiated from the existing market participants.”
Betfair parts ways with LMAX chief Robin Osmond
Betfair has parted company with the chief executive of LMAX – just three months after the online trading platform launched for retail investors.
The departure of Robin Osmond, a former head of global investment banking at Morgan Stanley, is likely to raise City fears about the roll out of the LMAX platform.
Betfair owns a majority 75pc stake having invested more than £25m in the start-up business.
When it floated late last year Betfair highlighted its growth prospects. “We hope LMAX can be as disruptive as Betfair,” David Yu, chief executive of Betfair told The Sunday Telegraph ahead of last year’s float.
“We’re creating a marketplace where retail customers can come together and trade into the exchange directly without having to go through a market maker. It’s taking out one link in the chain. We brought a fundamentally different way of allowing people to bet that was more efficient and we’re trying to do the same in financial trading.”
Goldman Sachs and Morgan Stanley, which brought Betfair to the market, also made much of LMAX’s prospects, given it was built on Betfair’s original technology which matched peoples’ bets..
But in recent months analysts have questioned how successful the roll-out has been.
LMAX aims eventually to match retail investors who want to trade contract for differences in market indices, fixed income products, commodities and foreign exchange products. But according to rivals, LMAX is still offering the opportunity to bet on a limited number of products and market makers are still thought to be providing much of the liquidity.
Questioned by analysts on LMAX’s performance last month at the company’s third quarter trading update, Mr Yu promised to update shareholders and analysts on progress when the group announces its full year results in June.
A spokesman for Betfair said: “As a shareholder, we remain fully committed to LMAX. It is an exciting start-up business in its early stages of development that we believe, through its unique platform, offers retail traders a completely different experience to any other retail financial trading outlets.”
Shares in Betfair have fallen sharply since the company was floated by Goldman Sachs and Morgan Stanley in October 2010 at £13 a share. On Friday they closed at 985p, down almost 25pc in less than six months.
A disappointing maiden trading update in December, which saw the group report growth of just 1.6pc, has hit City confidence in the company.
But it is not just investors who have had cause for concern. Last month, Betfair’s decision to move offshore - operating under a licence from Gibraltar - worried the racing industry, amid fears of its commitment to UK horseracing. The fears emerged in spite of Betfair’s promise to maintain its £7m a year contribution to the Horserace Levy.
Mr Osmond had resigned “to pursue other opportunities in the City”, according to a spokesman for LMAX.
David Mercer will take on the role of interim chief executive at LMAX. “Robin [Osmond] will remain with the company for a period of time to ensure an orderly and effective transition,” the spokesman continued.
In a statement Edmond Warner, chairman of LMAX, said: “Robin [Osmond] has made a significant contribution to LMAX, both during its creation and since its subsequent launch in October last year. He leaves the company well-placed to deliver a product which is truly differentiated from the existing market participants.”
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Hopefully either Donny, Merrill, Alan or Wee Jimmy will be able to step into such big shoes seamlessly.
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Hex 5th May - 19:10 2m Nov Hrd Matched: GBP 535,617
In-play Going in-play Live Video Radio Tote Race Card Back & Lay Market Depth Betfair Starting Price (SP) More options Selections: (9) 102.4% Back SP Lay 99% 2 Cabbyl Doo Brian Harding » £50,583.69 190 £5 530 £2 1000 £463 1.50 5 Rupert Bear Miss C. Walton » £0.00 8.80 1.01 £2142 1.02 £164 1.03 £645 7 Academy Lucy Alexander » £0.00 450 £10 500 £3 1000 £8 10.9 8 Bollin Julie Callum Whillans » £0.00 120 £10 190 £38 1000 £28 21.9 4 Lord Luso Richie McGrath » £0.00 36 £2 38 £2 60 £3 36.6 1 Blazing Bull Wilson Renwick » £0.00 190 £38 500 £3 1000 £14 35.1 3 Kealshore Barry Keniry » £0.00 190 £38 490 £2 1000 £350 48.9 6 Smack Down Tony Kelly » £0.00 130 £2 190 £38 1000 £24 144 9 Tear N Turn Peter Buchanan » £0.00 60 £14 190 £38 1000 £181 125 Jockey name Max Payout Max Liability GBP Placing bet in seconds Processing your bets... Win Only MarketOdds Converter Odds Converter Betfair odds are typically displayed as decimals Enter Decimal, Fractional or US format odds in the appropriate box and click 'Convert' Format Enter odds Decimal Fractional US Implied Probability 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22 1.23 1.24 1.25 1.26 1.27 1.28 1.29 1.30 1.31 1.32 1.33 1.34 1.35 1.36 1.37 1.38 1.39 1.40 1.41 1.42 1.43 1.44 1.45 1.46 1.47 1.48 1.49 1.50 1.51 1.52 1.53 1.54 1.55 1.56 1.57 1.58 1.59 1.60 1.61 1.62 1.63 1.64 1.65 1.66 1.67 1.68 1.69 1.70 1.71 1.72 1.73 1.74 1.75 1.76 1.77 1.78 1.79 1.80 1.81 1.82 1.83 1.84 1.85 1.86 1.87 1.88 1.89 1.90 1.91 1.92 1.93 1.94 1.95 1.96 1.97 1.98 1.99 2.00 2.02 2.04 2.06 2.08 2.10 2.12 2.14 2.16 2.18 2.20 2.22 2.24 2.26 2.28 2.30 2.32 2.34 2.36 2.38 2.40 2.42 2.44 2.46 2.48 2.50 2.52 2.54 2.56 2.58 2.60 2.62 2.64 2.66 2.68 2.70 2.72 2.74 2.76 2.78 2.80 2.82 2.84 2.86 2.88 2.90 2.92 2.94 2.96 2.98 3.00 3.05 3.10 3.15 3.20 3.25 3.30 3.35 3.40 3.50 3.60 3.70 3.75 3.80 3.85 3.95 4.00 4.20 4.30 4.40 4.50 4.60 4.70 4.80 4.90 5.00 5.10 5.20 5.30 5.40 5.50 5.60 5.70 5.80 5.90 6.00 6.20 6.40 6.60 6.80 7.00 7.20 7.40 7.60 7.80 8.00 8.20 8.40 8.60 8.80 9.00 9.20 9.40 9.60 9.80 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00 23.00 24.00 25.00 26.00 27.00 28.00 29.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 55.00 60.00 65.00 70.00 75.00 80.00 85.00 90.00 95.00 100.00 110.00 120.00 130.00 140.00 150.00 160.00 170.00 180.00 190.00 200.00 210.00 220.00 230.00 240.00 250.00 260.00 270.00 280.00 290.00 300.00 310.00 320.00 330.00 340.00 350.00 360.00 370.00 380.00 390.00 400.00 410.00 420.00 430.00 440.00 450.00 460.00 470.00 480.00 490.00 500.00 510.00 520.00 530.00 540.00 550.00 560.00 570.00 580.00 590.00 600.00 610.00 620.00 630.00 640.00 650.00 660.00 670.00 680.00 690.00 700.00 710.00 720.00 730.00 740.00 750.00 760.00 770.00 780.00 790.00 800.00 810.00 820.00 830.00 840.00 850.00 860.00 870.00 880.00 890.00 900.00 910.00 920.00 930.00 940.00 950.00 960.00 970.00 980.00 990.00 1000.00 1/100 1/50 1/33 1/25 1/20 1/18 1/14 1/12 1/11 1/10 1/9 1/8 2/15 1/7 2/13 2/13 1/6 2/11 2/11 1/5 1/5 2/9 2/9 1/4 1/4 1/4 1/4 2/7 2/7 30/100 30/100 1/3 1/3 1/3 1/3 4/11 4/11 4/11 2/5 2/5 2/5 2/5 4/9 4/9 4/9 40/85 40/85 40/85 1/2 1/2 1/2 8/15 8/15 8/15 8/15 4/7 4/7 4/7 4/7 8/13 8/13 5/8 5/8 5/8 4/6 4/6 4/6 4/6 5/7 5/7 5/7 8/11 8/11 8/11 8/11 8/11 4/5 4/5 4/5 4/5 4/5 4/5 4/5 5/6 5/6 5/6 5/6 10/11 10/11 10/11 10/11 10/11 10/11 20/21 20/21 20/21 20/21 Evs Evs Evs Evs 21/20 21/20 11/10 11/10 11/10 11/10 6/5 6/5 6/5 6/5 5/4 5/4 5/4 5/4 11/8 11/8 11/8 11/8 7/5 7/5 7/5 6/4 6/4 6/4 6/4 6/4 8/5 8/5 8/5 13/8 13/8 13/8 13/8 7/4 7/4 7/4 7/4 9/5 9/5 9/5 15/8 15/8 15/8 15/8 15/8 2/1 2/1 2/1 2/1 2/1 85/40 11/5 11/5 9/4 9/4 12/5 12/5 5/2 13/5 11/4 11/4 14/5 14/5 3/1 3/1 16/5 100/30 7/2 7/2 7/2 7/2 4/1 4/1 4/1 4/1 4/1 9/2 9/2 9/2 9/2 9/2 5/1 5/1 5/1 5/1 11/2 11/2 6/1 6/1 6/1 13/2 13/2 7/1 7/1 7/1 15/2 15/2 8/1 8/1 8/1 17/2 17/2 9/1 9/1 10/1 11/1 12/1 13/1 14/1 15/1 16/1 17/1 18/1 19/1 20/1 21/1 22/1 23/1 24/1 25/1 26/1 27/1 28/1 29/1 31/1 33/1 35/1 37/1 39/1 41/1 43/1 45/1 47/1 49/1 54/1 59/1 64/1 69/1 74/1 79/1 84/1 89/1 94/1 99/1 109/1 119/1 129/1 139/1 149/1 159/1 169/1 179/1 189/1 199/1 209/1 219/1 229/1 239/1 249/1 259/1 269/1 279/1 289/1 299/1 309/1 319/1 329/1 339/1 349/1 359/1 369/1 379/1 389/1 399/1 409/1 419/1 429/1 439/1 449/1 459/1 469/1 479/1 489/1 499/1 509/1 519/1 529/1 539/1 549/1 559/1 569/1 579/1 589/1 599/1 609/1 619/1 629/1 639/1 649/1 659/1 669/1 679/1 689/1 699/1 709/1 719/1 729/1 739/1 749/1 759/1 769/1 779/1 789/1 799/1 809/1 819/1 829/1 839/1 849/1 859/1 869/1 879/1 889/1 899/1 909/1 919/1 929/1 939/1 949/1 959/1 969/1 979/1 989/1 999/1 −10000 -5000 -3333 -2500 -2000 -1667 -1429 -1250 -1111 -1000 -909 -833 -769 -714 -667 -625 -588 -556 -526 -500 -476 -455 -435 -417 -400 -385 -370 -357 -345 -333 -323 -312 -303 -294 -286 -278 -270 -263 -256 -250 -244 -238 -233 -227 -222 -217 -213 -208 -204 -200 -196 -192 -189 -185 -182 -179 -175 -172 -169 -167 -164 -161 -159 -156 -154 -152 -149 -147 -145 -143 -141 -139 -137 -135 -133 -132 -130 -128 -127 -125 -123 -122 -120 -119 -118 -116 -115 -114 -112 -111 -110 -109 -108 -106 -105 -104 -103 -102 -101 Evs 102 104 106 108 110 112 114 116 118 120 122 124 126 128 130 132 134 136 138 140 142 144 146 148 150 152 154 156 158 160 162 164 166 168 170 172 174 176 178 180 182 184 186 188 190 192 194 196 198 200 205 210 215 220 225 230 235 240 250 260 270 275 280 285 295 300 320 330 340 350 360 370 380 390 400 410 420 430 440 450 460 470 480 490 500 520 540 560 580 600 620 640 660 680 700 720 740 760 780 800 820 840 860 880 900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 2400 2500 2600 2700 2800 2900 3100 3300 3500 3700 3900 4100 4300 4500 4700 4900 5400 5900 6400 6900 7400 7900 8400 8900 9400 9900 10900 11900 12900 13900 14900 15900 16900 17900 18900 19900 20900 21900 22900 23900 24900 25900 26900 27900 28900 29900 30900 31900 32900 33900 34900 35900 36900 37900 38900 39900 40900 41900 42900 43900 44900 45900 46900 47900 48900 49900 50900 51900 52900 53900 54900 55900 56900 57900 58900 59900 60900 61900 62900 63900 64900 65900 66900 67900 68900 69900 70900 71900 72900 73900 74900 75900 76900 77900 78900 79900 80900 81900 82900 83900 84900 85900 86900 87900 88900 89900 90900 91900 92900 93900 94900 95900 96900 97900 98900 99900 99.01 98.04 97.09 96.15 95.24 94.34 93.46 92.59 91.74 90.91 90.09 89.29 88.5 87.72 86.96 86.21 85.47 84.75 84.03 83.33 82.64 81.97 81.3 80.65 80.0 79.37 78.74 78.13 77.52 76.92 76.34 75.76 75.19 74.63 74.07 73.53 72.99 72.46 71.94 71.43 70.92 70.42 69.93 69.44 68.97 68.49 68.03 67.57 67.11 66.67 66.23 65.79 65.36 64.94 64.52 64.1 63.69 63.29 62.89 62.5 62.11 61.73 61.35 60.98 60.61 60.24 59.88 59.52 59.17 58.82 58.48 58.14 57.8 57.47 57.14 56.82 56.5 56.18 55.87 55.56 55.25 54.95 54.64 54.35 54.05 53.76 53.48 53.19 52.91 52.63 52.36 52.08 51.81 51.55 51.28 51.02 50.76 50.51 50.25 50.0 49.5 49.02 48.54 48.08 47.62 47.17 46.73 46.3 45.87 45.45 45.05 44.64 44.25 43.86 43.48 43.1 42.74 42.37 42.02 41.67 41.32 40.98 40.65 40.32 40.0 39.68 39.37 39.06 38.76 38.46 38.17 37.88 37.59 37.31 37.04 36.76 36.5 36.23 35.97 35.71 35.46 35.21 34.97 34.72 34.48 34.25 34.01 33.78 33.56 33.33 32.79 32.26 31.75 31.25 30.77 30.3 29.85 29.41 28.57 27.78 27.03 26.67 26.32 25.97 25.32 25.0 23.81 23.26 22.73 22.22 21.74 21.28 20.83 20.41 20.0 19.61 19.23 18.87 18.52 18.18 17.86 17.54 17.24 16.95 16.67 16.13 15.63 15.15 14.71 14.29 13.89 13.51 13.16 12.82 12.5 12.2 11.9 11.63 11.36 11.11 10.87 10.64 10.42 10.2 10.0 9.09 8.33 7.69 7.14 6.67 6.25 5.88 5.56 5.26 5.0 4.76 4.55 4.35 4.17 4.0 3.85 3.7 3.57 3.45 3.33 3.13 2.94 2.78 2.63 2.5 2.38 2.27 2.17 2.08 2.0 1.82 1.67 1.54 1.43 1.33 1.25 1.18 1.11 1.05 1.0 0.91 0.83 0.77 0.71 0.67 0.63 0.59 0.56 0.53 0.5 0.48 0.45 0.43 0.42 0.4 0.38 0.37 0.36 0.34 0.33 0.32 0.31 0.3 0.29 0.29 0.28 0.27 0.26 0.26 0.25 0.24 0.24 0.23 0.23 0.22 0.22 0.21 0.21 0.2 0.2 0.2 0.19 0.19 0.19 0.18 0.18 0.18 0.17 0.17 0.17 0.16 0.16 0.16 0.16 0.15 0.15 0.15 0.15 0.14 0.14 0.14 0.14 0.14 0.14 0.13 0.13 0.13 0.13 0.13 0.13 0.12 0.12 0.12 0.12 0.12 0.12 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.1 0.1 0.1 0.1 0.1 Fractional odds are between Confirm Your Bets Please review the following information to ensure it is correct. A commission is charged on your NET profit from each market. Bet StatusBet Status Or make your selection(s) on the left by either clicking on the odds you want OR by clicking on SP to select Betfair Starting Price Starting Price (SP) bets Set SP odds limit Your SP odds and profit will display at In-Play. SP bets cannot be cancelled beyond this point, see bet rules for details SP Back (Bet for) Set Your Min Odds Your Min Odds Your Stake Your Min Profit SP Lay (Bet against) Set Your Max Odds Your Max Odds Your Liability Your Min Profit Current Odds bets Back (Bet for) Your Odds Your Stake Your Profit Cabbyl Doo 90 £600.00 £53,400.00 You are betting FOR Cabbyl Doo to win. You are betting FOR Cabbyl Doo to win. If you win, 'Your Stake' of £600.00 is returned to you together with a profit of £53,400.00. If you lose you lose 'Your Stake'. Lay (Bet against) Backer's Odds Backer's Stake Payout Liability Your Liability Your Payout Cabbyl Doo 1.35 £600.00 £810.00 £210.00 You are betting AGAINST Cabbyl Doo to win. You are betting AGAINST Cabbyl Doo to win. If you win, your profit is the 'Backer's Stake' of £600.00. The amount you stand to lose is the 'Total Liability' of £210.00. Be aware that "live" TV broadcasts may be delayed. Your total liability on these bets:£600.00 Confirm your bet(s) now? Confirm bets before placingShow this 'Confirm' screen Show %Book Back 1.11% Lay 74.07% You can cancel or edit unmatched bets at anytime under the 'My Bets' tab. Processing bets... Placing bets in [BETFAIR_DELAYCOUNT] seconds Win Only MarketOdds Converter Odds Converter Betfair odds are typically displayed as decimals Enter Decimal, Fractional or US format odds in the appropriate box and click 'Convert' Format Enter odds Decimal Fractional US Implied Probability 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22 1.23 1.24 1.25 1.26 1.27 1.28 1.29 1.30 1.31 1.32 1.33 1.34 1.35 1.36 1.37 1.38 1.39 1.40 1.41 1.42 1.43 1.44 1.45 1.46 1.47 1.48 1.49 1.50 1.51 1.52 1.53 1.54 1.55 1.56 1.57 1.58 1.59 1.60 1.61 1.62 1.63 1.64 1.65 1.66 1.67 1.68 1.69 1.70 1.71 1.72 1.73 1.74 1.75 1.76 1.77 1.78 1.79 1.80 1.81 1.82 1.83 1.84 1.85 1.86 1.87 1.88 1.89 1.90 1.91 1.92 1.93 1.94 1.95 1.96 1.97 1.98 1.99 2.00 2.02 2.04 2.06 2.08 2.10 2.12 2.14 2.16 2.18 2.20 2.22 2.24 2.26 2.28 2.30 2.32 2.34 2.36 2.38 2.40 2.42 2.44 2.46 2.48 2.50 2.52 2.54 2.56 2.58 2.60 2.62 2.64 2.66 2.68 2.70 2.72 2.74 2.76 2.78 2.80 2.82 2.84 2.86 2.88 2.90 2.92 2.94 2.96 2.98 3.00 3.05 3.10 3.15 3.20 3.25 3.30 3.35 3.40 3.50 3.60 3.70 3.75 3.80 3.85 3.95 4.00 4.20 4.30 4.40 4.50 4.60 4.70 4.80 4.90 5.00 5.10 5.20 5.30 5.40 5.50 5.60 5.70 5.80 5.90 6.00 6.20 6.40 6.60 6.80 7.00 7.20 7.40 7.60 7.80 8.00 8.20 8.40 8.60 8.80 9.00 9.20 9.40 9.60 9.80 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00 23.00 24.00 25.00 26.00 27.00 28.00 29.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 55.00 60.00 65.00 70.00 75.00 80.00 85.00 90.00 95.00 100.00 110.00 120.00 130.00 140.00 150.00 160.00 170.00 180.00 190.00 200.00 210.00 220.00 230.00 240.00 250.00 260.00 270.00 280.00 290.00 300.00 310.00 320.00 330.00 340.00 350.00 360.00 370.00 380.00 390.00 400.00 410.00 420.00 430.00 440.00 450.00 460.00 470.00 480.00 490.00 500.00 510.00 520.00 530.00 540.00 550.00 560.00 570.00 580.00 590.00 600.00 610.00 620.00 630.00 640.00 650.00 660.00 670.00 680.00 690.00 700.00 710.00 720.00 730.00 740.00 750.00 760.00 770.00 780.00 790.00 800.00 810.00 820.00 830.00 840.00 850.00 860.00 870.00 880.00 890.00 900.00 910.00 920.00 930.00 940.00 950.00 960.00 970.00 980.00 990.00 1000.00 1/100 1/50 1/33 1/25 1/20 1/18 1/14 1/12 1/11 1/10 1/9 1/8 2/15 1/7 2/13 2/13 1/6 2/11 2/11 1/5 1/5 2/9 2/9 1/4 1/4 1/4 1/4 2/7 2/7 30/100 30/100 1/3 1/3 1/3 1/3 4/11 4/11 4/11 2/5 2/5 2/5 2/5 4/9 4/9 4/9 40/85 40/85 40/85 1/2 1/2 1/2 8/15 8/15 8/15 8/15 4/7 4/7 4/7 4/7 8/13 8/13 5/8 5/8 5/8 4/6 4/6 4/6 4/6 5/7 5/7 5/7 8/11 8/11 8/11 8/11 8/11 4/5 4/5 4/5 4/5 4/5 4/5 4/5 5/6 5/6 5/6 5/6 10/11 10/11 10/11 10/11 10/11 10/11 20/21 20/21 20/21 20/21 Evs Evs Evs Evs 21/20 21/20 11/10 11/10 11/10 11/10 6/5 6/5 6/5 6/5 5/4 5/4 5/4 5/4 11/8 11/8 11/8 11/8 7/5 7/5 7/5 6/4 6/4 6/4 6/4 6/4 8/5 8/5 8/5 13/8 13/8 13/8 13/8 7/4 7/4 7/4 7/4 9/5 9/5 9/5 15/8 15/8 15/8 15/8 15/8 2/1 2/1 2/1 2/1 2/1 85/40 11/5 11/5 9/4 9/4 12/5 12/5 5/2 13/5 11/4 11/4 14/5 14/5 3/1 3/1 16/5 100/30 7/2 7/2 7/2 7/2 4/1 4/1 4/1 4/1 4/1 9/2 9/2 9/2 9/2 9/2 5/1 5/1 5/1 5/1 11/2 11/2 6/1 6/1 6/1 13/2 13/2 7/1 7/1 7/1 15/2 15/2 8/1 8/1 8/1 17/2 17/2 9/1 9/1 10/1 11/1 12/1 13/1 14/1 15/1 16/1 17/1 18/1 19/1 20/1 21/1 22/1 23/1 24/1 25/1 26/1 27/1 28/1 29/1 31/1 33/1 35/1 37/1 39/1 41/1 43/1 45/1 47/1 49/1 54/1 59/1 64/1 69/1 74/1 79/1 84/1 89/1 94/1 99/1 109/1 119/1 129/1 139/1 149/1 159/1 169/1 179/1 189/1 199/1 209/1 219/1 229/1 239/1 249/1 259/1 269/1 279/1 289/1 299/1 309/1 319/1 329/1 339/1 349/1 359/1 369/1 379/1 389/1 399/1 409/1 419/1 429/1 439/1 449/1 459/1 469/1 479/1 489/1 499/1 509/1 519/1 529/1 539/1 549/1 559/1 569/1 579/1 589/1 599/1 609/1 619/1 629/1 639/1 649/1 659/1 669/1 679/1 689/1 699/1 709/1 719/1 729/1 739/1 749/1 759/1 769/1 779/1 789/1 799/1 809/1 819/1 829/1 839/1 849/1 859/1 869/1 879/1 889/1 899/1 909/1 919/1 929/1 939/1 949/1 959/1 969/1 979/1 989/1 999/1 −10000 -5000 -3333 -2500 -2000 -1667 -1429 -1250 -1111 -1000 -909 -833 -769 -714 -667 -625 -588 -556 -526 -500 -476 -455 -435 -417 -400 -385 -370 -357 -345 -333 -323 -312 -303 -294 -286 -278 -270 -263 -256 -250 -244 -238 -233 -227 -222 -217 -213 -208 -204 -200 -196 -192 -189 -185 -182 -179 -175 -172 -169 -167 -164 -161 -159 -156 -154 -152 -149 -147 -145 -143 -141 -139 -137 -135 -133 -132 -130 -128 -127 -125 -123 -122 -120 -119 -118 -116 -115 -114 -112 -111 -110 -109 -108 -106 -105 -104 -103 -102 -101 Evs 102 104 106 108 110 112 114 116 118 120 122 124 126 128 130 132 134 136 138 140 142 144 146 148 150 152 154 156 158 160 162 164 166 168 170 172 174 176 178 180 182 184 186 188 190 192 194 196 198 200 205 210 215 220 225 230 235 240 250 260 270 275 280 285 295 300 320 330 340 350 360 370 380 390 400 410 420 430 440 450 460 470 480 490 500 520 540 560 580 600 620 640 660 680 700 720 740 760 780 800 820 840 860 880 900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 2400 2500 2600 2700 2800 2900 3100 3300 3500 3700 3900 4100 4300 4500 4700 4900 5400 5900 6400 6900 7400 7900 8400 8900 9400 9900 10900 11900 12900 13900 14900 15900 16900 17900 18900 19900 20900 21900 22900 23900 24900 25900 26900 27900 28900 29900 30900 31900 32900 33900 34900 35900 36900 37900 38900 39900 40900 41900 42900 43900 44900 45900 46900 47900 48900 49900 50900 51900 52900 53900 54900 55900 56900 57900 58900 59900 60900 61900 62900 63900 64900 65900 66900 67900 68900 69900 70900 71900 72900 73900 74900 75900 76900 77900 78900 79900 80900 81900 82900 83900 84900 85900 86900 87900 88900 89900 90900 91900 92900 93900 94900 95900 96900 97900 98900 99900 99.01 98.04 97.09 96.15 95.24 94.34 93.46 92.59 91.74 90.91 90.09 89.29 88.5 87.72 86.96 86.21 85.47 84.75 84.03 83.33 82.64 81.97 81.3 80.65 80.0 79.37 78.74 78.13 77.52 76.92 76.34 75.76 75.19 74.63 74.07 73.53 72.99 72.46 71.94 71.43 70.92 70.42 69.93 69.44 68.97 68.49 68.03 67.57 67.11 66.67 66.23 65.79 65.36 64.94 64.52 64.1 63.69 63.29 62.89 62.5 62.11 61.73 61.35 60.98 60.61 60.24 59.88 59.52 59.17 58.82 58.48 58.14 57.8 57.47 57.14 56.82 56.5 56.18 55.87 55.56 55.25 54.95 54.64 54.35 54.05 53.76 53.48 53.19 52.91 52.63 52.36 52.08 51.81 51.55 51.28 51.02 50.76 50.51 50.25 50.0 49.5 49.02 48.54 48.08 47.62 47.17 46.73 46.3 45.87 45.45 45.05 44.64 44.25 43.86 43.48 43.1 42.74 42.37 42.02 41.67 41.32 40.98 40.65 40.32 40.0 39.68 39.37 39.06 38.76 38.46 38.17 37.88 37.59 37.31 37.04 36.76 36.5 36.23 35.97 35.71 35.46 35.21 34.97 34.72 34.48 34.25 34.01 33.78 33.56 33.33 32.79 32.26 31.75 31.25 30.77 30.3 29.85 29.41 28.57 27.78 27.03 26.67 26.32 25.97 25.32 25.0 23.81 23.26 22.73 22.22 21.74 21.28 20.83 20.41 20.0 19.61 19.23 18.87 18.52 18.18 17.86 17.54 17.24 16.95 16.67 16.13 15.63 15.15 14.71 14.29 13.89 13.51 13.16 12.82 12.5 12.2 11.9 11.63 11.36 11.11 10.87 10.64 10.42 10.2 10.0 9.09 8.33 7.69 7.14 6.67 6.25 5.88 5.56 5.26 5.0 4.76 4.55 4.35 4.17 4.0 3.85 3.7 3.57 3.45 3.33 3.13 2.94 2.78 2.63 2.5 2.38 2.27 2.17 2.08 2.0 1.82 1.67 1.54 1.43 1.33 1.25 1.18 1.11 1.05 1.0 0.91 0.83 0.77 0.71 0.67 0.63 0.59 0.56 0.53 0.5 0.48 0.45 0.43 0.42 0.4 0.38 0.37 0.36 0.34 0.33 0.32 0.31 0.3 0.29 0.29 0.28 0.27 0.26 0.26 0.25 0.24 0.24 0.23 0.23 0.22 0.22 0.21 0.21 0.2 0.2 0.2 0.19 0.19 0.19 0.18 0.18 0.18 0.17 0.17 0.17 0.16 0.16 0.16 0.16 0.15 0.15 0.15 0.15 0.14 0.14 0.14 0.14 0.14 0.14 0.13 0.13 0.13 0.13 0.13 0.13 0.12 0.12 0.12 0.12 0.12 0.12 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.1 0.1 0.1 0.1 0.1 Fractional odds are between You do not have any bets on this market Bet Status Bet Status: @num@ of your bets could not be fully matched, see below for options. Unmatched or Partially matched bets More Info Select 1 of the 3 options below for each unmatched bet OR Back Your Odds Your Stake Your Profit Lay Backer's Odds Backer's Stake Payout Liability Bet Status: The following bets were successfully matched Current Odds bets Order by Matched Date Back Your Odds Your Stake Your Profit Back Your Odds Your Stake Your Profit Lay Backer's Odds Backer's Stake Payout Liability Lay Backer's Odds Backer's Stake Payout Liability Starting Price (SP) bets Back Your Odds Your Stake Your Profit Back Your Odds Your Stake Your Profit Lay Your Odds Your Liability Your Profit Lay Your Odds Your Liability Your Profit Bet Status: The following bets were successfully matched Current Odds bets Order by Matched Date Selection Price Stake Profit/ Liability Starting Price (SP) bets Bet Status: Starting Price (SP) bet odds and profit will show when the event starts Starting Price (SP) bets Your SP odds and profit will display at In-Play SP Back (Bet for) Set Your Min Odds Your Stake Your Min Profit SP Back (Bet for) Your Stake SP Back (Bet for) Your Stake SP Lay (Bet against) Set Your Max Odds Your Liability Your Min Profit SP Lay (Bet against) Your Liability SP Lay (Bet against) Your Liability You have no unmatched bets on this market. Retrieving your bets... You can cancel or edit unmatched bets at anytime under the 'My Bets' tab. Updating... Bet InfoConsolidatedCluster UnmatchedMatched Bets Av. OddsEvent Start Time 2012-05-05 19:10 Europe/London (GMT+1.00) Rules Win Only Market This meeting is on Attheraces MARKET INFORMATION For further information please see Rules & Regs. Who will win this race? Betfair Non-Runner Rule applies. This market will turn IN PLAY at the off with unmatched bets (with the exception of bets for which the "keep" option has been selected) cancelled once the Betfair SP reconciliation process has been completed. Betting will be suspended at the end of the race. Should a Photo, Stewards Enquiry or Objection be called the market may be re-opened with unmatched bets (again with the exception of bets for which the "keep" option has been selected) cancelled. The market will then be suspended when this result is announced. This market will initially be settled on a First Past the Post basis. However we will re-settle all bets should the official result at the time of the "weigh-in" announcement differ from any initial settlement. BETS ARE PLACED ON A NAMED HORSE. Dead Heat rules apply. Customers should be aware that: transmissions described as "live" by some broadcasters may actually be delayed; the extent of any such delay may vary, depending on the set-up through which they are receiving pictures or data; and information (such as jockey silks, saddlecloth numbers etc) is provided "as is" and is for guidance only. Betfair does not guarantee the accuracy of this information and use of it to place bets is entirely at your own risk. Main wallet Commission on this market 5% Market Base Rate (minus your discount) Your Discount Rate explained Betfair Points Statement Linking directly to this market http://sports.betfair.com/Index.do?mi=105649862&ex=1&origin=MRL Quick guide to placing betsReading the betting screen Move your mouse over the boxes below. Converting Decimal Odds Odds Converter Betfair odds are typically displayed as decimals Enter Decimal, Fractional or US format odds in the appropriate box and click 'Convert' Format Enter odds Decimal Fractional US Implied Probability 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22 1.23 1.24 1.25 1.26 1.27 1.28 1.29 1.30 1.31 1.32 1.33 1.34 1.35 1.36 1.37 1.38 1.39 1.40 1.41 1.42 1.43 1.44 1.45 1.46 1.47 1.48 1.49 1.50 1.51 1.52 1.53 1.54 1.55 1.56 1.57 1.58 1.59 1.60 1.61 1.62 1.63 1.64 1.65 1.66 1.67 1.68 1.69 1.70 1.71 1.72 1.73 1.74 1.75 1.76 1.77 1.78 1.79 1.80 1.81 1.82 1.83 1.84 1.85 1.86 1.87 1.88 1.89 1.90 1.91 1.92 1.93 1.94 1.95 1.96 1.97 1.98 1.99 2.00 2.02 2.04 2.06 2.08 2.10 2.12 2.14 2.16 2.18 2.20 2.22 2.24 2.26 2.28 2.30 2.32 2.34 2.36 2.38 2.40 2.42 2.44 2.46 2.48 2.50 2.52 2.54 2.56 2.58 2.60 2.62 2.64 2.66 2.68 2.70 2.72 2.74 2.76 2.78 2.80 2.82 2.84 2.86 2.88 2.90 2.92 2.94 2.96 2.98 3.00 3.05 3.10 3.15 3.20 3.25 3.30 3.35 3.40 3.50 3.60 3.70 3.75 3.80 3.85 3.95 4.00 4.20 4.30 4.40 4.50 4.60 4.70 4.80 4.90 5.00 5.10 5.20 5.30 5.40 5.50 5.60 5.70 5.80 5.90 6.00 6.20 6.40 6.60 6.80 7.00 7.20 7.40 7.60 7.80 8.00 8.20 8.40 8.60 8.80 9.00 9.20 9.40 9.60 9.80 10.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00 23.00 24.00 25.00 26.00 27.00 28.00 29.00 30.00 32.00 34.00 36.00 38.00 40.00 42.00 44.00 46.00 48.00 50.00 55.00 60.00 65.00 70.00 75.00 80.00 85.00 90.00 95.00 100.00 110.00 120.00 130.00 140.00 150.00 160.00 170.00 180.00 190.00 200.00 210.00 220.00 230.00 240.00 250.00 260.00 270.00 280.00 290.00 300.00 310.00 320.00 330.00 340.00 350.00 360.00 370.00 380.00 390.00 400.00 410.00 420.00 430.00 440.00 450.00 460.00 470.00 480.00 490.00 500.00 510.00 520.00 530.00 540.00 550.00 560.00 570.00 580.00 590.00 600.00 610.00 620.00 630.00 640.00 650.00 660.00 670.00 680.00 690.00 700.00 710.00 720.00 730.00 740.00 750.00 760.00 770.00 780.00 790.00 800.00 810.00 820.00 830.00 840.00 850.00 860.00 870.00 880.00 890.00 900.00 910.00 920.00 930.00 940.00 950.00 960.00 970.00 980.00 990.00 1000.00 1/100 1/50 1/33 1/25 1/20 1/18 1/14 1/12 1/11 1/10 1/9 1/8 2/15 1/7 2/13 2/13 1/6 2/11 2/11 1/5 1/5 2/9 2/9 1/4 1/4 1/4 1/4 2/7 2/7 30/100 30/100 1/3 1/3 1/3 1/3 4/11 4/11 4/11 2/5 2/5 2/5 2/5 4/9 4/9 4/9 40/85 40/85 40/85 1/2 1/2 1/2 8/15 8/15 8/15 8/15 4/7 4/7 4/7 4/7 8/13 8/13 5/8 5/8 5/8 4/6 4/6 4/6 4/6 5/7 5/7 5/7 8/11 8/11 8/11 8/11 8/11 4/5 4/5 4/5 4/5 4/5 4/5 4/5 5/6 5/6 5/6 5/6 10/11 10/11 10/11 10/11 10/11 10/11 20/21 20/21 20/21 20/21 Evs Evs Evs Evs 21/20 21/20 11/10 11/10 11/10 11/10 6/5 6/5 6/5 6/5 5/4 5/4 5/4 5/4 11/8 11/8 11/8 11/8 7/5 7/5 7/5 6/4 6/4 6/4 6/4 6/4 8/5 8/5 8/5 13/8 13/8 13/8 13/8 7/4 7/4 7/4 7/4 9/5 9/5 9/5 15/8 15/8 15/8 15/8 15/8 2/1 2/1 2/1 2/1 2/1 85/40 11/5 11/5 9/4 9/4 12/5 12/5 5/2 13/5 11/4 11/4 14/5 14/5 3/1 3/1 16/5 100/30 7/2 7/2 7/2 7/2 4/1 4/1 4/1 4/1 4/1 9/2 9/2 9/2 9/2 9/2 5/1 5/1 5/1 5/1 11/2 11/2 6/1 6/1 6/1 13/2 13/2 7/1 7/1 7/1 15/2 15/2 8/1 8/1 8/1 17/2 17/2 9/1 9/1 10/1 11/1 12/1 13/1 14/1 15/1 16/1 17/1 18/1 19/1 20/1 21/1 22/1 23/1 24/1 25/1 26/1 27/1 28/1 29/1 31/1 33/1 35/1 37/1 39/1 41/1 43/1 45/1 47/1 49/1 54/1 59/1 64/1 69/1 74/1 79/1 84/1 89/1 94/1 99/1 109/1 119/1 129/1 139/1 149/1 159/1 169/1 179/1 189/1 199/1 209/1 219/1 229/1 239/1 249/1 259/1 269/1 279/1 289/1 299/1 309/1 319/1 329/1 339/1 349/1 359/1 369/1 379/1 389/1 399/1 409/1 419/1 429/1 439/1 449/1 459/1 469/1 479/1 489/1 499/1 509/1 519/1 529/1 539/1 549/1 559/1 569/1 579/1 589/1 599/1 609/1 619/1 629/1 639/1 649/1 659/1 669/1 679/1 689/1 699/1 709/1 719/1 729/1 739/1 749/1 759/1 769/1 779/1 789/1 799/1 809/1 819/1 829/1 839/1 849/1 859/1 869/1 879/1 889/1 899/1 909/1 919/1 929/1 939/1 949/1 959/1 969/1 979/1 989/1 999/1 −10000 -5000 -3333 -2500 -2000 -1667 -1429 -1250 -1111 -1000 -909 -833 -769 -714 -667 -625 -588 -556 -526 -500 -476 -455 -435 -417 -400 -385 -370 -357 -345 -333 -323 -312 -303 -294 -286 -278 -270 -263 -256 -250 -244 -238 -233 -227 -222 -217 -213 -208 -204 -200 -196 -192 -189 -185 -182 -179 -175 -172 -169 -167 -164 -161 -159 -156 -154 -152 -149 -147 -145 -143 -141 -139 -137 -135 -133 -132 -130 -128 -127 -125 -123 -122 -120 -119 -118 -116 -115 -114 -112 -111 -110 -109 -108 -106 -105 -104 -103 -102 -101 Evs 102 104 106 108 110 112 114 116 118 120 122 124 126 128 130 132 134 136 138 140 142 144 146 148 150 152 154 156 158 160 162 164 166 168 170 172 174 176 178 180 182 184 186 188 190 192 194 196 198 200 205 210 215 220 225 230 235 240 250 260 270 275 280 285 295 300 320 330 340 350 360 370 380 390 400 410 420 430 440 450 460 470 480 490 500 520 540 560 580 600 620 640 660 680 700 720 740 760 780 800 820 840 860 880 900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 2400 2500 2600 2700 2800 2900 3100 3300 3500 3700 3900 4100 4300 4500 4700 4900 5400 5900 6400 6900 7400 7900 8400 8900 9400 9900 10900 11900 12900 13900 14900 15900 16900 17900 18900 19900 20900 21900 22900 23900 24900 25900 26900 27900 28900 29900 30900 31900 32900 33900 34900 35900 36900 37900 38900 39900 40900 41900 42900 43900 44900 45900 46900 47900 48900 49900 50900 51900 52900 53900 54900 55900 56900 57900 58900 59900 60900 61900 62900 63900 64900 65900 66900 67900 68900 69900 70900 71900 72900 73900 74900 75900 76900 77900 78900 79900 80900 81900 82900 83900 84900 85900 86900 87900 88900 89900 90900 91900 92900 93900 94900 95900 96900 97900 98900 99900 99.01 98.04 97.09 96.15 95.24 94.34 93.46 92.59 91.74 90.91 90.09 89.29 88.5 87.72 86.96 86.21 85.47 84.75 84.03 83.33 82.64 81.97 81.3 80.65 80.0 79.37 78.74 78.13 77.52 76.92 76.34 75.76 75.19 74.63 74.07 73.53 72.99 72.46 71.94 71.43 70.92 70.42 69.93 69.44 68.97 68.49 68.03 67.57 67.11 66.67 66.23 65.79 65.36 64.94 64.52 64.1 63.69 63.29 62.89 62.5 62.11 61.73 61.35 60.98 60.61 60.24 59.88 59.52 59.17 58.82 58.48 58.14 57.8 57.47 57.14 56.82 56.5 56.18 55.87 55.56 55.25 54.95 54.64 54.35 54.05 53.76 53.48 53.19 52.91 52.63 52.36 52.08 51.81 51.55 51.28 51.02 50.76 50.51 50.25 50.0 49.5 49.02 48.54 48.08 47.62 47.17 46.73 46.3 45.87 45.45 45.05 44.64 44.25 43.86 43.48 43.1 42.74 42.37 42.02 41.67 41.32 40.98 40.65 40.32 40.0 39.68 39.37 39.06 38.76 38.46 38.17 37.88 37.59 37.31 37.04 36.76 36.5 36.23 35.97 35.71 35.46 35.21 34.97 34.72 34.48 34.25 34.01 33.78 33.56 33.33 32.79 32.26 31.75 31.25 30.77 30.3 29.85 29.41 28.57 27.78 27.03 26.67 26.32 25.97 25.32 25.0 23.81 23.26 22.73 22.22 21.74 21.28 20.83 20.41 20.0 19.61 19.23 18.87 18.52 18.18 17.86 17.54 17.24 16.95 16.67 16.13 15.63 15.15 14.71 14.29 13.89 13.51 13.16 12.82 12.5 12.2 11.9 11.63 11.36 11.11 10.87 10.64 10.42 10.2 10.0 9.09 8.33 7.69 7.14 6.67 6.25 5.88 5.56 5.26 5.0 4.76 4.55 4.35 4.17 4.0 3.85 3.7 3.57 3.45 3.33 3.13 2.94 2.78 2.63 2.5 2.38 2.27 2.17 2.08 2.0 1.82 1.67 1.54 1.43 1.33 1.25 1.18 1.11 1.05 1.0 0.91 0.83 0.77 0.71 0.67 0.63 0.59 0.56 0.53 0.5 0.48 0.45 0.43 0.42 0.4 0.38 0.37 0.36 0.34 0.33 0.32 0.31 0.3 0.29 0.29 0.28 0.27 0.26 0.26 0.25 0.24 0.24 0.23 0.23 0.22 0.22 0.21 0.21 0.2 0.2 0.2 0.19 0.19 0.19 0.18 0.18 0.18 0.17 0.17 0.17 0.16 0.16 0.16 0.16 0.15 0.15 0.15 0.15 0.14 0.14 0.14 0.14 0.14 0.14 0.13 0.13 0.13 0.13 0.13 0.13 0.12 0.12 0.12 0.12 0.12 0.12 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.1 0.1 0.1 0.1 0.1 Fractional odds are between Ready to place a bet? 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Crazy, horses
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whoa , whats going on here
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