I'm currently engrossed in trading 'Next President' market, and was drawn to all the options available at 1000
I was just wondering......who on earth would want to do that?
There's large sums of money sat there waiting, that's an awful of cash that Betfair account holders are tying up.....just on the off chance you might get a little bite!!
It seems a rather boring tactic to me
Happy to be corrected, or enlightened
Laying Bets at 1000
Its value.
Sports funds have bundles of cash waiting to be used. The transaction cost is zero.
And every now and then, someone stuff up, and maybe backs a no-hoper into 50.
Sports funds have bundles of cash waiting to be used. The transaction cost is zero.
And every now and then, someone stuff up, and maybe backs a no-hoper into 50.
its a similiar amount of 4-6million liability on everyone but the main 4 candidates and hillary clinton
you might just get 0,1% per runner but there are more than 100 so you could get 10% if matched on most of them, while your liability stays the same no matter how many outcomes you lay
going by the simultaneously many very small matched amounts on all of them at the same time it looks like cross matching is activated even doesnt state so explicitly in the rules, so whenever biden+trump+kamela lay price drops below 100% the lay bets will be matched as small back bets across all the other candidates.
Currently they are at 100.18% even though the whole market is at 112.2% so the other 12% are accounted by the rest of the field. you can see there are thousands matched at odds 1000 on most of them even though they have much less than 0.1% chance.
anyway its like with laying 1.01, whoever queues first has the biggest value, and its for you to figure out if its still value to be queueing behind all the money currently there.
risk factor obviously if one of the 2 main candidates gets pulled out for serious illness or other reason, im not sure if its 100% certain the vice candidates are automatically next in line?
you might just get 0,1% per runner but there are more than 100 so you could get 10% if matched on most of them, while your liability stays the same no matter how many outcomes you lay
going by the simultaneously many very small matched amounts on all of them at the same time it looks like cross matching is activated even doesnt state so explicitly in the rules, so whenever biden+trump+kamela lay price drops below 100% the lay bets will be matched as small back bets across all the other candidates.
Currently they are at 100.18% even though the whole market is at 112.2% so the other 12% are accounted by the rest of the field. you can see there are thousands matched at odds 1000 on most of them even though they have much less than 0.1% chance.
anyway its like with laying 1.01, whoever queues first has the biggest value, and its for you to figure out if its still value to be queueing behind all the money currently there.
risk factor obviously if one of the 2 main candidates gets pulled out for serious illness or other reason, im not sure if its 100% certain the vice candidates are automatically next in line?
kanye west was backed into 75 when he announced, doesnt look like any of the 120 no hopers had a misclick/bad bet big enough to go through the 5 million liability over the last few months, at odds 1000 thats still a 5k back bet but you never know might happen
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spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
If you've been making a book it's likely you have massive profits on all outsiders so may as well try to lay them off.
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jamesedwards
- Posts: 2324
- Joined: Wed Nov 21, 2018 6:16 pm
1000 is the max price available to trade. Therefore in most cases 1000 represents a chance of worse than 1 in 1000. Therefore it usually offers the best value lay and the worst value to back.