Tuesday, August 11, 2009

Fast Pictures not Always an Advantage

I have been away for a few days to visit a friend and he gave me back my copy of A Definitive Guide to Betting Exchanges. This book is a very good introduction to Betting Exchanges although it may be a little bit dated now. I found the section about tennis very informative as I had little knowledge about these markets.

My favourite section is the one that lists all the strange things that have happened on exchanges. The best of these is the time a lady placed a 500 bet @1.01 to back a favourite that was cruising to victory in a hurdles race in Ireland. The bet was placed just as the horse was approaching a hurdle on her pictures (At the Races). Now as you probably know if you have SIS or are at the actual race course you have a perceived advantage. Someone with this "advantage" saw the horse make a mistake and the price shot out to 95. Next thing to happen was Ruby Walsh clung on and made a miraculous recovery and the horse promptly went on to canter home netting the lucky punter a £47000 profit when she was hoping to make£5. So just remember the guys with fast pictures don't always win.

2 comments:

  1. thank you for sharing your blog. have recently started my own and am looking to exchange links with fellow bloggers.

    i have already added your blog to my blog roll and would appreciate if you could add me to yours.

    my url is:
    http://my-betfair-trading-journal.blogspot.com/

    best,
    john

    ReplyDelete
  2. John

    Good luck with your Blog. I have added the link.

    Drifter

    ReplyDelete