19th February 2007, 09:18 AM
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Member
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Join Date: Jan 1970
Posts: 4,426
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crash,
I agree with what you've said in part, however, to some extent each individual drives that market. Do not be afraid to throw a price into the mix very early, bets are traded in milliseconds so you might get matched at some stage.
I have thrown prices into the market and been surprised to find them matched even in the 20 to 25/1 range.
Case in point (not bragging because it was a fluke really), I wanted to have some fun in Mentality's race in Sydney, I had lay bets set on it, but the price kept drifting out, so I saw old Desert War was first up and remembered he had led all the way and won at juicy odds in the past and I couldn't remember but thought it was first up.
I got set at $6.60.
TAB price was $5.80 in the end!
I also had a bet on Fashions Afield.
Also if you are looking early at the prices, wait, like the TAB most money is traded in the last few minutes and prior to this people are trying to suck others in with very poor prices.
There is an excellent series of articles on Betfair trading at articlemotron dot com by Mike Davies. Type Betfair into the site search and they are there.
Makes for interesting reading.
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