Bog wrote: ↑Thu Jul 11, 2019 4:16 pm
Who continues to bet on bookies on
20-1 odds when you have on the exchange
48 SP odds?
That's fairly typical for 20/1s. The bulk of a bookie's turnover is on the favourites and they only need to try to be competitive with the shorter priced horses. There isn't much to gain offering 33/1 when other bookies are offering 25/1 and layers (as opposed to traders) who offer the big prices backers are used to on the exchange for outsiders probably lose most, if not all of their profits when the outsider comes in.