BetScalper wrote: ↑Sat May 12, 2018 1:02 am
Derek27 wrote: ↑Sat May 12, 2018 12:49 am
Depends on what price. If the favourite's trading around 3.0 and the order was put in at 3.2 it would probably hold the price up until the off. At 3.5 to 4.0 I think the gamblers would tuck in but there may not be enough back money to eat the entire order. But there will be a price, maybe 5.0 or higher where there would be a stampede to get on and the million will go.
That at least is what I think the human outlook would be, but with so many bots reacting to different variables the market could well go haywire!
Interesting.
I have seen an odds on favourite move off a cliff when someone dropped 25k on it.
Wonder what the bookies would do if they were in the process of squaring their book% and suddenly someone dropped a stupid mega amount on one side or the other. I guess they would try and counteract it but how far would they go before giving up the ghost ?
Bear in mind that bookies always lay the favourite to make a loss. The reason for this is that the favourite is always backed disproportionately, i.e. an even money favourite will take up much more than 50% of the book. The bookies know that it's over-backed and poor value so it makes sense to take it on.
