Trading Golf : Safeway Open 2017

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LeTiss
Posts: 4166
Joined: Fri May 08, 2009 6:04 pm

Thu Oct 05, 2017 10:49 am

Quite a big price on Webb Simpson on the exchanges, currently being offered at 27.00

He's 3rd favourite and the biggest price available with the bookmakers is 19.00, and a couple of them have even trimmed him into 17.00 this morning.

It's unusual to see one of the market leaders trading at a price 40% above the bookies

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Euler
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Thu Oct 05, 2017 11:08 am

Wouldn't a short price on him push some of the other prices out?

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LeTiss
Posts: 4166
Joined: Fri May 08, 2009 6:04 pm

Thu Oct 05, 2017 11:49 am

Yes, but it's unusual to see the 3rd favourite trading at a price so much bigger. You often get 2 or 3 ticks additional value of course, but rarely 10

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Euler
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Thu Oct 05, 2017 1:14 pm

It is unusual, just wonder if the value was being created elsewhere. Book over rounds on golf can be horrendous.

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northbound
Posts: 381
Joined: Mon Mar 20, 2017 11:22 pm

Thu Oct 05, 2017 8:21 pm

On another note, with a congested leaderboard likely come Sunday, this is a potentially good market for a Lay The Field strategy.

Last year, same tournament same golf course, five players traded below 2.50 in-play.

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