Laying Short prices

[Shergar6]

Hi,

Im not sure if this was covered elsewhere but occasionally I like to lay a short price horse right before the race takes places

Any suggestions on approaches to getting best lay price ? I.e. smallest price

Bit of open questions so happy to answer any questions.

[LinusP]

If by late you mean <60s it is very hard to consistently get a better price than SP, it is also very easy as long as you aren’t betting large.

[Shergar6]

If by late you mean <60s it is very hard to consistently get a better price than SP, it is also very easy as long as you aren’t betting large.

I guess 2-3 minutes before the off?

Do you mean BSP when you say SP? I was off impression BSP was > price before the off?

[LinusP]

If by late you mean <60s it is very hard to consistently get a better price than SP, it is also very easy as long as you aren’t betting large.

I guess 2-3 minutes before the off?

Do you mean BSP when you say SP? I was off impression BSP was > price before the off?

Yes SP==BSP, BSP is basically the mid price (on average) so if you are taking a price just before the off its better to just take BSP (a few caveats)

However if you have an edge and can bet earlier bet before 2 minutes, at exactly the 2 minute mark there is a syndicate (v profitable) that dumps its position.

[jamesedwards]

If by late you mean <60s it is very hard to consistently get a better price than SP, it is also very easy as long as you aren’t betting large.

I guess 2-3 minutes before the off?

Do you mean BSP when you say SP? I was off impression BSP was > price before the off?

BSP = Betfair starting price
ISP or SP = Industry starting price

[Shergar6]

If by late you mean <60s it is very hard to consistently get a better price than SP, it is also very easy as long as you aren’t betting large.

I guess 2-3 minutes before the off?

Do you mean BSP when you say SP? I was off impression BSP was > price before the off?

Yes SP==BSP, BSP is basically the mid price (on average) so if you are taking a price just before the off its better to just take BSP (a few caveats)

However if you have an edge and can bet earlier bet before 2 minutes, at exactly the 2 minute mark there is a syndicate (v profitable) that dumps its position.

Interesting- as in the odds shorten? They are on the 'back' side of the bet? How do you know about this syndicate?

[LinusP]

I guess 2-3 minutes before the off?

Do you mean BSP when you say SP? I was off impression BSP was > price before the off?

Yes SP==BSP, BSP is basically the mid price (on average) so if you are taking a price just before the off its better to just take BSP (a few caveats)

However if you have an edge and can bet earlier bet before 2 minutes, at exactly the 2 minute mark there is a syndicate (v profitable) that dumps its position.

Interesting- as in the odds shorten? They are on the 'back' side of the bet? How do you know about this syndicate?

It’s a small world, the odds will move towards a more accurate price, the earlier you can bet the better but it’s a balancing act between value and liquidity.