
20th June 2006, 05:00 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
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.
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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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