I think this is a hang over of the tote system in Australia. Users have been conditioned over decades to place their bets very late so as to have a better idea of the price they'll secure.

It's the reason I'll ignore any race until it has had at least $30,000 in total traded on BF.

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash