Thanks to Michaelg and his never ending flow of ideas, I've been looking at laying higher priced offerings around the globe. What seems to be apparent to me is a different style of Betfew use in Australia to that which goes on in NZ & UK.

In UK & NZ the lay and back prices seem to slowly come to a common ground in a timely manner before the race is run. In Aus however there seems to be a reluctance to trend towards a common ground and you get layers picking off crazy high prices and backers picking off crazy low prices before an attempt is made at finding a common ground.

Am I imagining this effect or is there any substance to this observation. Anyone's thoughts welcome.

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"Not winning on a horse that came first is one thing.....Losing on a horse that didn't come first is something else entirely!!!"

Yes, same here. Not always of course, but they can be quite erratic.
Patience is the key, no matter whether you back or lay. IMHO

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Jose'.

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

You could well be right there AP.

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Jose'.

Thankyou for your comments, one and all. Very illuminating.

But cause I'm thick, I still don't see why anyone would pick off a price that has yet to find a mean. Why not just offer a bit more if laying or offer to take less if your looking for the win. Seems crazy to jump the gun. What am I missing here?

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"Not winning on a horse that came first is one thing.....Losing on a horse that didn't come first is something else entirely!!!"