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Originally Posted by michaelg
But I think its raises a few questions:
Is this Lay anomaly common in England?
Is this because there's more "laying" than "backing" money or vice-versa?
Does the market even-out so that it often is less than 100%, otherwise backers are being disadvantaged?
I wonder how many punters are aware of this. It would be inconceivable that Betfair isn't, so hopefully the S.P. market won't/can't be adjusted.
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Yes, it is the same in England.
It is because there is more back money pushing the market on firmers.
If you picture a 100% market, and then backers scramble to "get on" to the firmers, the firmers are heavily supported at the top end of the market, allowing a shift in market percentages.
It's simply a case of more markets over 100% than under, you just need enough liquidity and you have a set and forget edge.
Mostly punters aren't aware of this judging by the Betfair forum.
Betfair are accutely aware of this, which is why they bet into these markets themselves.
They are trying to make it unattractive to layers by pushing the prices up and increasing premium charges, because there isn't enough commission generated by field players.
My main concern is that they already know what's going on and every few months it becomes a little harder.
The clock is ticking when it will no longer become viable.
