Hi All,
When watching videos by various people Pre race trading I often hear them refer to the On course Bookie Prices, where is the best place to see this? Often they say this is now 5/4 on course etc.
I assumed somewhere like Odds checker but now I'm wondering if there's anywhere else or anywhere better? or do they mean the prices displayed on the TV during live races? do they differ from odds checker.
Thank you for any advice.
On course Bookie Prices
No not at all, that's stating the obvious a little, I was just intrigued by the relevance of the on course prices though, if any.
For example if you were on a trade and it was steaming, would it give confidence if you also saw the on course price shortening, or is it just not worth even checking.
For example if you were on a trade and it was steaming, would it give confidence if you also saw the on course price shortening, or is it just not worth even checking.
I would say that this is largely correct but not always. The stronger the oncourse market the less it will follow the exchanges, in some cases it could even be reversed. How the oncourse market interacts with the exchange and vice versa at say Wolverhampton on a Friday night can be entirely different to how they interact at say the Cheltenham Festival or Royal Ascot.
Another example is when the bookies have large multiples rolling up, they look to push the oncourse market prices down to control the industry SP among other reasons. There can then be a significant divergence between the oncourse market and the exchanges.
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ShaunWhite
- Posts: 9731
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There's a difference between the prices on offer across the ring pitches depending on the individual bookies attitude to risk, information, and what they might have in their satchel. That's why some bookies are successful and some go under. Unless someone is continually monitoring those prices and reporting some sort of average then I'm not sure any source of info will be accurate enough to constantly find you a tradable difference between their prices and the exchange. What you actually need is to find out who's queuing up at a pitch with 10grand in their hand rather than knowing the prices before or after that money has gone down.
Last edited by ShaunWhite on Sun Mar 15, 2020 2:57 pm, edited 2 times in total.
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ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
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wearthefoxhat
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During Cheltenham, Matt Chapman showed one of the racecourse bookies computers, with all their +/- figures for that race. (Pinno)
It reminded me of someone I know who runs pitches in the south west and their set up, exactly the same, but with all the Betfair prices alongside for comparisons. They primarily use it to form a book and when necessary hedge their liabilities. On the days he hasn't had time to research the days' runners, he uses the prices for tissue prices, and takes it on from there.
I remember he moaned (a lot) when all the pitches had to upgrade to a LED display, cost a pretty penny, at the same time Betfair really took off and the value of a racecourse pitch dropped through the floor.
It reminded me of someone I know who runs pitches in the south west and their set up, exactly the same, but with all the Betfair prices alongside for comparisons. They primarily use it to form a book and when necessary hedge their liabilities. On the days he hasn't had time to research the days' runners, he uses the prices for tissue prices, and takes it on from there.
I remember he moaned (a lot) when all the pitches had to upgrade to a LED display, cost a pretty penny, at the same time Betfair really took off and the value of a racecourse pitch dropped through the floor.
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