Cheers buddy.Dallas wrote: ↑Thu Oct 19, 2017 10:10 amThat's it exactlyShaunWhite wrote: ↑Thu Oct 19, 2017 1:36 amIs it that they know/pray the bets will be canceled and its designed to force the rest of the field out to mad prices so they can back them?
Today's Horse Racing
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Today really feels like a POETS day. You can't beat being your own boss.
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Surely that's incorrect. Bookies win when favourites lose (generalisation), and if the fav was very short, some of the odds on boys will be losing lumps. The 100/1 outsider might only have had a tenner on it and the 1.2 shot will have 100s of 1000s. They'll cut and cut a popular fav because they don't want any more liability.Derek27 wrote: ↑Wed Oct 18, 2017 2:36 pmNo, only punters who backed the loser will have less money and they won't have had their life savings on it!dragontrades wrote: ↑Wed Oct 18, 2017 2:26 pmDo things like this affect the following markets?
Punters having less money?
Are there any (ex)bookies here who can confirm that?
i'm judging it mainly by the amateur dramatics they do on a saturday after a string of favourites have landed, and by the way an afternoon can dry up after few losing shorties.
I also don't think Euler would have mentioned it unless it was going to have an effect. His comments are sometimes enigmatic but hardly ever just narrative.
I remember reading an article about this ages ago (no idea where) but someone had done some research into bookies profits if a string of short priced favs win. Their conclusion was (surprise surprise) it made very little difference to their bottom line, they still made a profit.ShaunWhite wrote: ↑Sat Oct 21, 2017 4:47 am
i'm judging it mainly by the amateur dramatics they do on a saturday after a string of favourites have landed, and by the way an afternoon can dry up after few losing shorties.
The bookies like us to think they have been hit in the pocket when a lot of favs win but if they are managing their books correctly they should still come out on top no matter the outcome of the race.