Hi
Derek what if the price had shortened would you have just stood the bet.
Cheers
BetConnect - New Social Betting Platform
Hi petchy12, welcome to the forum.
For someone who used to arb US racing with literally seconds to cover bets, 15 minutes seems a very generous about of time to decide if you want to take a bet and the price was trading bigger on the exchange so I took it fairly quickly.
I actually made a very small loss on this one because it was an each-way bet that was placed, the each-way market was weak, so I could only get 1.85 place despite the drift when 6.5 equates to place odds of 2.1, but I'm still quite enthusiastic about this.
When I've collected more data on each-way markets I might be more willing to accept a bet and wait for a price before closing trade.
For someone who used to arb US racing with literally seconds to cover bets, 15 minutes seems a very generous about of time to decide if you want to take a bet and the price was trading bigger on the exchange so I took it fairly quickly.
I actually made a very small loss on this one because it was an each-way bet that was placed, the each-way market was weak, so I could only get 1.85 place despite the drift when 6.5 equates to place odds of 2.1, but I'm still quite enthusiastic about this.
When I've collected more data on each-way markets I might be more willing to accept a bet and wait for a price before closing trade.
- SeaHorseRacing
- Posts: 2893
- Joined: Fri May 20, 2016 7:06 pm
Here’s a link for anyone who wants to check it out or get on the waiting list... still dubious of it though.
https://www.betconnect.com/punter?r=qksX1
https://www.betconnect.com/punter?r=qksX1
The 'pros' aren't as daft as I was hoping. I was hoping to lay a horse at 5, back it at 6.6 and make an easy profit but they are generally going for opportunities that aren't readily available on the exchange, such as each-way value or early prices.
Still early days though.
Still early days though.
- SeaHorseRacing
- Posts: 2893
- Joined: Fri May 20, 2016 7:06 pm
The whole point of this is so they can get on early.Derek27 wrote: ↑Tue Oct 16, 2018 4:34 pmThe 'pros' aren't as daft as I was hoping. I was hoping to lay a horse at 5, back it at 6.6 and make an easy profit but they are generally going for opportunities that aren't readily available on the exchange, such as each-way value or early prices.
Still early days though.
What I find stupid is the winning punters are just going to ruin there own market... allowing others to follow there bets will result in bookies margins increasing if it really takes off..
More and more value bets being placed... bookies will have no choice but to increase there overround...
They're not all early tips - some are for the next race. I think it's extremely unlikely that they will have a heavy following, it shouldn't impact much on the markets. Almost every horse in a competitive race is tipped by a well known tipster.SeaHorseRacing wrote: ↑Tue Oct 16, 2018 4:45 pmThe whole point of this is so they can get on early.Derek27 wrote: ↑Tue Oct 16, 2018 4:34 pmThe 'pros' aren't as daft as I was hoping. I was hoping to lay a horse at 5, back it at 6.6 and make an easy profit but they are generally going for opportunities that aren't readily available on the exchange, such as each-way value or early prices.
Still early days though.
What I find stupid is the winning punters are just going to ruin there own market... allowing others to follow there bets will result in bookies margins increasing if it really takes off..
More and more value bets being placed... bookies will have no choice but to increase there overround...
I laid this one at 15/8 several hours before the off (before the big spike) while it was trading 3.15 on Betfair. On top of the premium charge benefits I think this platform may be worth considering.
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