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Of course it doesn’t help either that you happened to back a horse for which there was live trade money all morning!
(Edited by Shadow Leader at 6:25 pm on Jan. 28, 2007)
Well thats true Shadow but I didn’t know that was the case. If there was no money for it though I bet they wouldn’t of pushed the price out when the market was reformed.
But all I ever want is £10ew and I can’t even get that on the exchange because I get ripped off over the place price.
As soon as I read this then, I have to admit, I lost any sympathy for the poster.
No-one is ripping anyone off one the exchanges. There’s two separate markets; the win and the place. The price available in the market is just that — the price available in the market.
No-one is ripping off anyone.
– Malc
Okay Malc I will rephrase that – "I get a poor price for the place part of the bet in comparison to the place terms of the bet offered by a bookmaker". Which is true, and I assume you accept that Malc?
Malc might mean you dont dig how to make a place book!
.. he might come back and let you know, I reckon he will.
FSL. That I will accept. However, the great thing about the BF markets is that one is able to load the place side of things if required.
Often I will have one point to win and two to place. With bookies one isn’t able to have this option.
And, of course, one can often match a bookie’s SP win price with the place price on BetFair if we’re looking outside the sharp end of the market.
I’m sure you didn’t know WS was going to be backed heavily FSL, my point was that it was bad luck that it was. As so much useful money was on it, bookies are going to be loathe to pay out at the early morning prices.
Thank you for replying Malc Smith. If I just dealt with win bets then 19/20 the exchanges would be my port of call but thats not the way I bet. The place book is worked to about 310% on Betfair as i understand it (assuming 3 is paid out) and in a 14 or 15 runner race ths probably gives good payouts but not in 8/9/10 runner races it doesn’t.
Shadow Leader the early morning price of 20/1 wasn;t actually available thats my point. For all the advertising of it at 20/1 I then couldn’t have any of it and neither could anyone else. And if they are loathe to pay out on the early morning prices why have them? That said I bet they are happy to pay out on the horses that are 11/8 early bird and drift out to 5/2 then dot up. It should work both ways for them and they should accept the "useful" money along with the "mug punter" money. (My money goes in both at times as does most people’s on here so I am not categorising anyone in particular). It just seems to give them a "get out of jail free card".
I wasn’t very clear on that FSL – what I meant to say was that given any doubts over whether a price was taken or not any bookie will be loathe to pay out the early price on a horse that has been subject of a large and useful gamble when it doesn’t appear that the price was actually initialled/circled/approved [delete as applicable] – especially when it didn’t exist in the first place!!! Such bets will always be settled at SP.
Hills were quite within their rights to form a new book when No Full was declared a NR – this will naturally result in prices being cut.  No Full was declared a NR before the shops opened, their book was reformed, nothing wrong with that.  I understand your point about holding the early prices subject to a 10p R4 but no bookmaker is obligated to make what amounts to a goodwill gesture by doing that – it is the arbing Pricewise lemmings that you have to thank for the removal of that concession.
(Edited by Shadow Leader at 10:01 pm on Jan. 28, 2007)<br>
(Edited by Shadow Leader at 10:02 pm on Jan. 28, 2007)
I took my £150 and got a free smirk with it.
Are you saying you tipped them 40p?<br>:)
Hello,
I am at a loss really, altho’ "..travelling …", don’t you have a phone ???, and accounts at the big companies?
regards,
doyley
Doyley I was on a train and I can never get any signal on it (Edinburgh to York) I have an account with the big companies but there was no 25/1 about at 8AM as most firms were all offering SP. Besides which I knew Ladbrokes were 25/1 and so it seemed easier to get someone to put it on for me. (They usually do as I am often stuck on a train)
FSL, I sympathise but re ‘advertising’ the prices, you need to remember bookies have to have their ads sent in by a deadline the previous evening. That was when the 25/1 would have been genuine. I’m as big a critic of the bookies as anyone but even I can see that once No Full came out any previous market would become suspended.
This is where internet accounts can be useful. Often it takes time for bookies to adjust their sites and there is sometimes an opportunity to take a price – knowing R4 will ultimately apply – if you suspect a non-runner is in the offing. I’ve done this myself to my advantage.
As SL says, on this occasion you were simply very unlucky to coincide with a job horse.
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