[Betfair 3TBP Market]

Arguing with a mate the other day about working out the odds for a place in the reinstated 3TBP market.

Maybe someone can settle this for us.

In a 6 runner race where the prices to win the race are

3.70

4.20

5.50

6.80

6.20

and 36.00

What should the prices be in the 3TBP market.  Is it a straight No of runners (6) divided by number of places (3)? If so the above prices should be half of the win price. I.e. the 3.70 horse should be 1.85, the 4.20 horse should be 2.10 etc. or is this too simplistic? If there is a more complicated formula I'm sure somebody on here will know about it and will be ready to point me in the right direction.

Thanks for reading

Monty

 

[Following the mon(k)ey.]

It's a shame that you won't be posting these anymore, Pirate. 

It's been a very interesting ride, proving what I've always thought - value is everything. I couldn't see the Accountants who masquerade today as Bookmakers taking these bets for long, though, before they pulled the plug.

Once again, thanks for an interesting thread.

Monty

 

[Following the mon(k)ey.]

Hi Pirate

Some cracking results today and from day one of when you started the thread.

Only trouble I can see is that you are consistently taking the best odds and the Bookies don't like us doing this, do they?  Surely, much like Matched Betting it will only be a matter of time before they notice the value that you are getting and severely limit your stakes or ban you altogether.

Perhaps you have an angle and I am misunderstanding but congratulations on a very interesting thread, proving once again that profit is in the value!