Keeping book at 100%? how
In the pre race horse markets, the book overround is constantly near 100% both sides. Does anyone know what mechanism keeps this at this figure, i.e if someone lays the fav for a large amount, causing the IP% to go down, and thus the overround to be less than 100%, what corrects the market ? bots?, other traders ?
I've done that, but it's not as easy as it sounds.Ferru123 wrote:Would you recommend setting up a spreadsheet that automatically gives you a guaranteed profit when the market goes overbroke?
Jeff
Invariably, the prices go pretty quick if other bots arrive before you, you're then left with a bet that doesn't get matched
I was trading in a market where the back overround was around 96%, something I haven't seen in a long time, just enough time for me to dutch the whole field. The only problem was that some of my stakes were below the BF min £2 and a couple of horses were at 1000, so the initial fudge that takes place to try and get the penny bets on were actually taken by the 1000 priced horses....lesson learnt, end of. 