Datapunter Posted August 30, 2004 Share Posted August 30, 2004 From reading information at various websites and forums i understand that it is commanly accepted that the price at Betfair is 20% better that the bookmakers. One reason is the traditional bookmaker 10%-12% overround is reduced to 1%-2%, add to that fluctuation in price because thats how a financial market works, and a general rule of 20% better seams plausible. Now i'm looking into UK horse racing and i am wondering if the general rule of 20% better price than the bookmakers, and i am interpreting this as 20% better than SP, is also valid for UK horse racing ? Does anyone have any data to support this ? Or to make a case for a different situation ? I've been looking at some specific sections of the market like hot favourites, maidens, sprints, and i'm getting results that do not follow the 20% rule at all. So i'm wondering if these are execptions or if the 20% rule is not valid. Quote Link to comment Share on other sites More sharing options...
Datapunter Posted August 30, 2004 Author Share Posted August 30, 2004 Re: Is the Betfair price really better ? ( horse racing ) please reply in this thread in the S&S forum, thanks. p076.ezboard.com/fpuntersloungefrm18.showMessage?topicID=850.topic Quote Link to comment Share on other sites More sharing options...
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