20th June 2006, 04:01 PM
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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 HORSE WHISPERER
i disagree, if a horse is backed then its going to go down in price. of course we here in australia are going to back the horses from our country. if they are backed beyond belief how can a company justify keeping it at odds just because the "other" bookies are offering them. a prime example was when star shiraz ran second to regal cheer a couple of months back. in every state other than qld the horse paid something like $10 for the place but in qld only paid $5. can you post up the entire field to compare rather than just the australian horses. i would be surprised if they were shorter or even the same. but ill admit defeat if i am wrong  |
Horse Whisperer, what you state would be true if the TAB were offering a tote pool, because then the price on offer would reflect the amount of inivestment on each of the runners. But in tonight's race in the UK, that's not the case.
As there are 30 runners then the tote can not handle that type of situation (their outdated equipment can only handle max fields of 24), they are offering a fixed price service, ie. they are acting as a bookmaker & not a tote operator. Therefore they should be capable of 'acting as a bookmaker' that is betting back using alternative bookies, such as those in the UK, to round off their book..
Unfortunately, they are clearly not doing this as they are betting to an over-round well in excess of 150%, while Betfair's market is currently at about a 104% over-round.
Anyone with either a UK bookie's account or a Betfair account would be foolish to bet with SportsTab on any of the Australian runners.
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