27th April 2006, 10:32 AM
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Member
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Join Date: Jan 1970
Posts: 578
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Quote:
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Originally Posted by dingoboy
I read some where once that the betfair market was the best indicator for what "animal" would win a race, I cant even understand the whole "bet/lay" thingo, but apparently the market is very accurate.
Anyone used this for indications ??? just interested. cheers dingo
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The Betfair markets have been assessed as being the most efficient & most accurate in determining winners, that is 6/4 shots win at around about the ratio 6/4 shots should win, likewise with 50/1 shots. What advantage that gives punters is dependent on how that information is used, eg. as a measurement of value then it would be of some use, but as a measurement of which horse is going to win a particuar race, then no more than any other type of measurement.
However, the Betfair markets on the UK races are now very highly regarded as they their closing markets are now used as the official SP prices & not those actually on offer on track.
Most of the major corporate bookies in the UK now use Betfair for 'betting back' & not on track bookies.
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