4th May 2007, 01:04 PM
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Member
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Join Date: Jan 1970
Posts: 4,431
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Quote:
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Originally Posted by Chinbok
Hi Chrome,
If everyone using your method used the IAS market and the same criteria for back or lay, then we would all be backing or laying the same horses. Wouldn't this mean that, on average, we would be backing at a lower price and laying at a higher price?
You mentioned that the liquidity would be better, but it would only be one side of the market.
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True, but not necessarily.
If 20 people are looking to back a horse in the final minutes and have a set price criteria, then the price should go up by demand. Layers would have to increase the prices offered in order to get matched. As long as the backer doesn't take whatever is available regardless of price.
So optimally, if layers aren't getting matched and want to, they must raise their liability a few cents.
Of course you could argue that if the backer wants to get matched, he might have to do the same, but looking at the trends, if enough demand is there, you'll get matched, the more demand (read money), the more likely to get matched (within reason).
I've almost always managed to get a few cents higher than the amounts traded in the final minutes.I take one bet at the current available and two bets at 10% above that. |