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TDK puts it much better than I can – I agree with what he is saying about laying arbers.
As another example – you take a position on a horse and say you’ll lay it to say, £50k. That horse is a Pricewise selection – every arber in the land then comes on and tries to have as much as they can on it. Do you let the first dozen have what they want on it, bringing you up to your £50k limit, or do you restrict punters to ponies or £50, thus ensuring several hundred more punters (hopefully some of them genuine punters rather than someone who is going to arb it straightaway to lock in enough profit to buy a Kit Kat) than that dozen get laid before the price is cut?
What a lot of people don’t realise is that once those prices are made available in the morning – Pricewise on Saturdays/big race days especially – the bookmaking firms are literally knocked over by punters trying to get on as much as they can, or as many times as they can (ie trying to get under the radar by having 10 x £25 on etc) via both the telephones and the internet. That’s before you even consider the shop business.
However, very good points are made about firms such as SkyBet and Stan James – BaldyFred and £3.65 should surely be included in that list as well though. I think it is a joke that such firms are allowed to be included in the Pricewise grids since as has been pointed out, they allow virtually no-one to get a bet on, in Pricewise races or any other. FFS, at last year’s Festival, Sid James would lay me a maximum tenner ew on a 33/1 shot in the Ryanair – a championship race! That was over the phone as well, and after a row with the jokers there who call themselves traders!
- Total Posts 17716
TDK puts it much better than I can – I agree with what he is saying about laying arbers.
As another example – you take a position on a horse and say you’ll lay it to say, £50k. That horse is a Pricewise selection – every arber in the land then comes on and tries to have as much as they can on it. Do you let the first dozen have what they want on it, bringing you up to your £50k limit, or do you restrict punters to ponies or £50, thus ensuring several hundred more punters (hopefully some of them genuine punters rather than someone who is going to arb it straightaway to lock in enough profit to buy a Kit Kat) than that dozen get laid before the price is cut?
SL
Again, that is no different to the position in pre-exchange days, and all that has changed is punters now bet over the internet, and are appended the soubriquet ‘arber’.
Isn’t the whole thing just a blind to avoid laying decent sums at prices slightly better than other bookmakers, and isn’t the truth simply that bookmakers are using the term ‘arbers’ to shut down skewed prices much earlier than previously?
Regardless of internet or phone betting, all major bookmakers used to guarantee a price in their shops for 15/30 minutes after opening – they don’t any longer, and that cannot reasonably be laid at the door of the arber.- Total Posts 17716
PRicewise grid prices are still guaranteed for 15 mins in the shops, RH.,
I rarely use Corals lately so I’ll take your word on that, but that’s certainly not been my recent experience with either Hills or Ladbrokes?
PRicewise grid prices are still guaranteed for 15 mins in the shops, RH.,
So if you want a value price at the bookies these days you must be round there within 10 minutes of opening time or take the leftovers with the rest….says it all really
No such problems on the exchanges, the present and future of real gambling
What do you expect?
Bookies to hold a long-gone price all day so you can have your lie-in?
…and the whole point is the prices you would be getting up for won’t be available on the exchanges, so no – you won’t have any problem taking unders on there.
Admittedly my Pricewise scenario is not a good one TDK.
Im not an arber, a bookmaker to lay me a decent sum, my opinion against theirs every race every day with no restrictions at a reasonable SP overround is what I’d expect TDK.
If you know of any who provide that let me know please, I’ll be over at the real gambling setup until then.
Strikes me as quite ironic that bookmakers like Ladbrokes, Hills and Corals who all do, or have done in the past, played a major role in shortening horses on racecourses consider arbers to be scum. So taking a price on a racecourse that you know you can lay at shorter is what if it isn’t arbing? and what exactly is it that prevents those same bookmakers from actually going onto the exchange and laying the horse in question and extracting more value? The first day I worked in a trading room many years ago I was told that I could let punters have whatever they wanted at SP or first show because we could make them whatever we wanted them to be!!!!
Very much a case of the pot calling the kettle grimy ass……
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