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tonyturf1
2yo
Joined: 01 Feb 2006
Posts: 4
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 Posted: Mon Apr 07, 2008 9:22 am Post subject: LAYING AT BOOKIE'S PRICE? |
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| Road to richness or to the poorhouse? |
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tonyturf1
2yo
Joined: 01 Feb 2006
Posts: 4
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| Posted: Mon Apr 07, 2008 9:23 am Post subject: |
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| sorry i mean at bookie's opening price |
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wasimbutt2007
Group 3 Class
Joined: 26 Feb 2008
Posts: 65
Location: Reading
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| Posted: Mon Apr 07, 2008 10:38 am Post subject: |
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| road to the poorhouse |
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wrengroup
2yo
Joined: 10 Apr 2008
Posts: 1
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| Posted: Tue Jun 10, 2008 11:25 pm Post subject: what price? |
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Do you mean the tissue price?  |
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Earl Grey
2yo
Joined: 29 May 2008
Posts: 7
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| Posted: Thu Jun 12, 2008 2:09 pm Post subject: |
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Intriguing debate  |
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Betfairalfie
At Stud
Joined: 01 Mar 2005
Posts: 4809
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| Posted: Thu Jun 12, 2008 2:27 pm Post subject: |
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I had to growl today when I received another Golden Egg laying system email which showed tremendous profits laying at bookie SP. Theres seems an amazing amount of ignorance about laying despite all the OLBG threads and the OLBG school. Only bookies can Lay at bookie prices, with their built-in 20% profit margin, all us other mere mortals have to Lay at exchange prices.
Laying at bookie prices = road to riches 
A totally useless thread  |
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Antony OLBG
Stallion
Joined: 26 Mar 2003
Posts: 5698
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| Posted: Thu Jun 12, 2008 2:32 pm Post subject: |
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lol @ Earl Grey 
Bookies make money by laying favourites at under value. However they can struggle in the short term at least if lots of favs win
I bet theres not a single bookie ahead on Euro 2008 yet what with all the favs bar France coming in. |
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Earl Grey
2yo
Joined: 29 May 2008
Posts: 7
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| Posted: Fri Jun 13, 2008 2:33 pm Post subject: |
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Ok. Let's rephrase the problem a little to make the thread less useless.
If if can Lay a fav horse at an exchange at shorter odds than the bunch of bookies offered early day, would this be a good idea generally ?
Or rather a bad idea, as it is now clear this fav is a true fav ?
The other way around ... if the price on a fav drifts, should i conclude it is a false fav and decide to Lay it ? Or should i avoid laying it now as the price is now corrected and the value is gone ?
Or still rephrased in another way :
Should i try to anticipate price movements as early as possible ?
Or should i wait as long as possible and let all market forces work before i finally decide to Lay or not to Lay ?
Or should i non stop be looking for indications the price will go one way or another ? ( full time job ) |
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