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Thanks for input Snowman.
I think I’m beginning to understand how this works.
If you were to have a bet on the exchange the night before the race. You would have to decide what price you thought your selection should be. You would have to make up a punters book (100%) and then put the bet in your favour by say 5%. So if you thought your selection was a 2/1 shot you’d try to get at least 5/2. If you got more you’d be happy but you’d walk away if you couldn’t get on at 2/1.
No the other hand your big bet might not be taken at the price you want. Would this mean dropping the requested odds?
Am I on the right track here?