Interesting argument fellas.
It is horses for courses, it all depends on the price range and the
type of odds you're backing.
Party is correct about BFSP in many cases, as many of you may be aware, many bookies are laying off on Betfair on the first two favourites at the last minute distorting what would have been a very nice SP price.
I met one bookie two weeks ago who does just that.
What happens is he lays off a lot of money right down to below bookie ring prices, because his average price is higher.
That's why we see many odd prices below bookie SP.
However with minimum price stipulations, Betfair is a fantastic revolution in my opinion.
It doesn't look quite so fantastic in the raw figures because of the above paragraph, nor does the questionable 20% bear much reality because of liquidity at the longer end.
However on firmers in the ring on track here's a quick workout....
Bookie SP -55.65 units or -11.57%
NSWTAB +15.30 units or +3.18%
UNiTAB +21.70 units or +4.51%
STAB +37.20 units or +7.73%
Best Tote +64.70 units or +13.45%
Top Fluctuation +100.75 units or +20.95%
Betfair SP +123.92 units or +25.76%
BFSP beats top fluctuation and even more so with a minimum price stipulation, you can get on up to the jump (unlike Top Fluc) and they won't limit your account to pennies.
In effect one is able to get on Top Fluctuation up to the jump (hypothetically).
Where else in the racing world is this allowed
