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Old 20th June 2006, 05:00 PM
La Mer La Mer is offline
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Join Date: Jan 1970
Posts: 578
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Quote:
Originally Posted by HORSE WHISPERER
If they get $200 000 on a horse, in fixed odds compared to say $100 they are going to drop the price, if they didnt they would be stupid.


Why? If they were smart they should push the price out further, say from the current $4 on offer to $4.50 or $5, then bet back on Betfair. Currently as I type this there is over $8,000 on offer on Betfair @ prices ranging from $5.80 to $6.20, and when that is taken the well will be filled up again with additional money, which means all they have to do is keep laying it to Aussie punters @ $4 to $5 & betting it back with Betfair @ the higher prices on offer. They simply guarantee themselves a profit doing this if Takeover Target wins - they CAN NOT LOSE.

I have also been informed from a 'good' source that SportsTab are in fact betting back with a number of corporate bookies in the UK, if or not Betfair is one of them I do not know, but if they were smart then they would be taking some of the Betfair action as well.

Betfair have currently matched about $430,000 on the race, but by race time that will be in the millions.
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