Today's Horse Racing

The sport of kings.
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convoysur-2
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Joined: Thu Jan 12, 2012 10:00 am

yes peter it is dire,,,slow markets today...
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walshy
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Joined: Fri May 29, 2009 12:05 am

It felt as though it had a major wobble just before the off at the 4:40 stratford
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LeTiss
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Joined: Fri May 08, 2009 6:04 pm

2.30 Lingfield - Triple Dip

Some serious money spunked on that fella

There can't be too many horses trading at 1.05 pre-race that loses
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cybernet69

How can a horse or any selection in a market trade at 1.05 prior to the start ?

Utter madness for anyone backing it at those odds, always a lay bet regardless.

Sounds like something very wrong about this race. Probably warrants an investigation by the bettering authorities.
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Euler
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25-03-2015 - P&L.png
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LeTiss
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Haha I'm sure for anyone that's done their bollocks Peter, you've just made them feel much better :lol:
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Euler
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Why would you back something that short that's not proven?
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steven1976
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Joined: Tue Jan 19, 2010 6:28 am

LeTiss 4pm wrote:2.30 Lingfield - Triple Dip

Some serious money spunked on that fella

There can't be too many horses trading at 1.05 pre-race that loses
2.2 of 2.3 mil traded on Triple Dip. The race before (i think) was also a 1.01 loser so someone must have lost some serious cash over them two races.
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cybernet69

If you won money on that race then well done.

But I would withdraw your winnings quickly as I am sure BF will investigate it and potentially reverse bets made.

Looked like someone trying to wash money on the exchange minus commission!!!

:)
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andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

cybernet69 wrote:How can a horse or any selection in a market trade at 1.05 prior to the start ?

Utter madness for anyone backing it at those odds, always a lay bet regardless.
If the actual odds of it winning were 1.01 it would be a great bet. No different in principle to backing a horse who's chance of winning is 10.0 but getting 15.0 for example.

If you are a value punter and it was a value back it would be madness to lay it and not back it.
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cybernet69

Backing at 1.05 could never be a value bet in any kind of horse racing market prior to the off.

It would be utter madness to do so.
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Euler
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I've seen a horse go off at 1.01 and win.
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Euler
Posts: 26616
Joined: Wed Nov 10, 2010 1:39 pm

Thinking about it Black Caviar was a good example, went off loads of times 1.05 or shorter and never lost.
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cybernet69

They may never lose but you have to take into account risk/reward otherwise you always run the risk of going bust sooner or later.

Backing a team at 1.05 or lower in play is fine if there is only a 0.01% chance they could lose.

But to risk that type or r:r on a horse prior to the off is just plain stupid.

As today highlighted.
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cybernet69

Following on from my last post.

Since Betfair began, if you had bet every odds on or worse horse then you would be left with a loss overall.

However, backing the favourite before the off who's odds drifted to 20/1 in-play would have produced a positive profit overall.

I would rather risk £20 to win £100 than risk £100 to win £20 or worse return.
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