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Betting Odds







Prince Monolulu

Everything in Moderation
Oct 2, 2013
10,201
The Race Hill
By know means am aware of the finer details, it is simply a 'balance the books' exercise. Whoever you expect to win (irrelevant really), it is vital to create a 'book' where any result provides a profitable one. Hence if your liability is large on one 'horse' then odds are short to encourage money elsewhere for 'value'.
Liabilities are then laid off (ie. I back Peter Purves at 16/1 then lay him to you at 8/1....I can't lose even if he wins)
Tempters will be thrown out there, Jason Donovan or David Van Day at 50s for the speculative (or ignorant) punter.
Nearer the end result, or info is leaked, false reduction off losers odds will encourage hard earned and cause second thoughts on the main protagonist (Judith Hann).
End of the day, aside from :tosser: (McCririck) you don't find many poor shrewdies

Just my humble opinion with no foundation whatsoever
 


JoshFanner

New member
Jul 22, 2013
30
By know means am aware of the finer details, it is simply a 'balance the books' exercise. Whoever you expect to win (irrelevant really), it is vital to create a 'book' where any result provides a profitable one. Hence if your liability is large on one 'horse' then odds are short to encourage money elsewhere for 'value'.
Liabilities are then laid off (ie. I back Peter Purves at 16/1 then lay him to you at 8/1....I can't lose even if he wins)
Tempters will be thrown out there, Jason Donovan or David Van Day at 50s for the speculative (or ignorant) punter.
Nearer the end result, or info is leaked, false reduction off losers odds will encourage hard earned and cause second thoughts on the main protagonist (Judith Hann).
End of the day, aside from :tosser: (McCririck) you don't find many poor shrewdies

Just my humble opinion with no foundation whatsoever


Thanks a lot!
 



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