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Reply To: betting exchange theory

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#43453
snowman
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DJ If your bet wasn’t taken at your requested odds then it’s your choice wether you stand your ground and risk not getting the bet on, or should you drop your price?

You’ll often find 25/1 shots on offer at 40/1 or greater but 2/1 favs will typically be 9/4 or thereabouts.

sacha – if you read Ian’s initial post he gives an example of 2 even money shots (coin toss) being offered by a bookie at 4/5 each. In Ian’s example the bookie makes £1 no matter what the outcome. This represents a fraction over 11% of what he has taken in bets so the book is said to be OVERround. If the bookie offered 11/10 the pair then punters could make a profit no matter what the outcome – so the book is said to be UNDERround.

Hope this helps.