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I’ve noticed odds are available 48 hours in advance now and not 24hours is this the norm now and I can see this benefiting the bookmakers?
Any views?Absolutely not. The overrounds are defensive but they still won’t lay any straight business 48 hours in advance. Even overnight prices are a dubious concept with those meaty overrounds and the market being so volatile. The guessers at Betfair Sportsbook and bet365 are usually the first firms up after all! There’s so much racing nowadays that the core punters have enough on their hands with that day’s racing – who has time to microanalyse a run of the mill Class 5 48 hours before post time?
The earlier you go up, the more you set yourself up to be picked off by insiders, shrewdies and arbers. For the bookies, I think the profit curve would start below the equator at 48 hours, hit the line at 18 hours, continue climbing through the day and rise steeply on the show.
My theory is that this 48 hour market is just the brainchild of some sparky Sportsbook Director trying too hard to be innovative. His traders probably think he’s unhinged, but yer man dreams of sitting in the CEO’s chair and wants to deliver some sexy turnover figures. They’re not stopping to question what sort of business this will attract.
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