27th April 2005, 09:19 AM
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Member
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Join Date: Jan 1970
Posts: 479
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Quote:
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Originally Posted by Chrome Prince
Mistake?
I don't think so, I've seen this practice before.
This guy has way more than $12,000 in his account believe me.
Offering 1000/1 the field gives him a chance to have thousands and thousands of punters offer longer odds than they would normally on say a $2.50 shot.
He can then lose up to $12,000, but incrementally match much larger wagers than the total cost of his lays.
Laying the field at those odds disguises his intention to plonk on one or two particular horses with much larger sums. It pulls the price up by that many points it doesn't matter.
I'll bet this was a hgh interest race with a lot of turnover generally.
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I don't understand why thousands and thousands of punters would offer greater odds because somebody layed the field at 1000 to 1..? Are you suggesting that people would look at previous odds given and then think that all horses should be treated as 1000 to 1..?
Wouldn't it be a better strategy to lay $4000 @$3 and try to get people to offer better odds than that so you can quickly grab them, knowing that it would start at $2.50?
And he can't lose up to $12,000, he guaranteed losing $12,000 as all bets were immediately matched.
This is alot of money to make up when less than $100,000 gets matched on the event....
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