Sorry if this is a daft question but….

[Aragorn]

it seems the appropriate place to ask:

If the market on an exchange is operating at 98.2% to back, am I right in thinking you can dutch an amount (£100 for example) across the market and guarantee a profit? 1.8% profit I assume….

Cheers
Nick

[Monster]

Hi Aragorn

Don’t forget that you have to deduct the Betfair Commission from the eventual winner, so your percentage profit is reduced

Good Luck

Monster

[Matron]

Aragon,

Also, the market moves so quickly that you could come unstuck and be on a loss.

Regards – Matron

[davidbrady]

You would probably need a bot to take advantage of this anomaly, particularly in horse-racing.

[Aragorn]

Thanks Chaps.

The guineas market was trading at that percentage the other day and it just got me thinking.

[MDeering]

it seems the appropriate place to ask:

If the market on an exchange is operating at 98.2% to back, am I right in thinking you can dutch an amount (£100 for example) across the market and guarantee a profit? 1.8% profit I assume….

Cheers
Nick

That is correct. You back the entire market to win £100, you must wager £98.20.

But that is a rarity, at least in Melbourne. Markets usually are on level pegging at 108%.

[Author]

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