Wow! Betfair....

easy wrote:

definitely major progress
definitely not a game changer
definitely not affect books makers 

to say bet fair in the UK has tanked would be conservative. 

at 1 min fore the next at Pontefract £181k traded. 

As it stands, in the south african context, its a game changer.
even as recent as  the 1st race in pontefract today, favourite is 1.12 for first 3 in south africa, 1,25 on betfair.


15 years ago that figure is £581k

20 years ago close to a million

Dave Scott wrote:

Are you using the sa link frodo ?

Bob Brogan wrote:

Laying horses is a dangerous game

Im glad this comment was made because to me this is one and the same whether you back or lay.
and this is what i was trying to tell V Moodley, in  a meeting with him on this topic.
i have been playing on the exchanges for the last 15 years, and i am a trader with sports betting especially.
when i compare prices on local markets compared to exchanges, ive got to wait and risk at least a further 10 minutes into a soccer match before I can trade on that match with local prices, compared to exchanges where i can take my profits almost immediately 

in a 3 horse race, I lay number 1 , essentially i backed number 2 and 3 in that race, and conversely if i backed number 1 , i've laid  no 2 and 3 in that race.
now to tell me laying is illegal in  South Africa is nonsense , because in the above scenario ive just done that.
so why make life difficult for me in bigger number fields to do the same.

well  we wont get into percentage the local bookie is betting to , in order  for me to win , but thats another issue seperately.
if bookies bet to 100 % backing or dutching is the same as laying a horse.

so whats the whohaa of laying.
and he agreed with me, its one and the same if in a 10 horse race i backed 9 horses , effectively ive laid the the other horse.
this just made life simpler for the punter.


 

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