Good afternoon. Hughies (Place Bets). Major change today. Basically we being completely shafted by using betfair SP in a way like Ladbrokes are using the SP Bookmakers to drive down the price just before the race.

In effect – and there has been a good discussion in ‘the Learning Zone’ on the Forum (please add your own thoughts) where there are some interesting
theories. I think ‘phil m’ is near to being correct. My belief is that a few minutes before the off a price is taken on the shorties and then laid off at betfair SP. Invariably the price taken is matched in full but 4/5 ticks below the price taken!

Now is this the work of genuine layers or indeed somebody close to Betfair? Whoever it is will be making a guaranteed stack every race where there are shortuns. Its a nice little business if you can get it as the race hasnt started before they are matched. Try it yourself just for a few quid. Bet £33 on a horse say at 1.31 just before the race. Lay at Betfair SP £10 and see the results. Just for comparison mind and proof for yourself that this stunt is indeed going on.

Yesterday I was very happy until the Bumper at Killarney. Remember I can only suggest bets on form lines. I do not have a ‘mole’ in every yard nor do I pretend to. However Red Badge’s effort at Killarney was a disgrace and twilight robbery. Owned, ridden and trained by the same connections the horse ON FORM should have waltzed into a place. The jockey did his best to hide during the race taking the horse from wide outside – into the pack – then outside again – the same process being used several times adding many lengths to the distance. The eye catching thing was the Betfair SP. Plenty of 129 availble on the market pre race and the Betfair SP? 124. I know its irrelevant to backers but somebody is taking a huge profit every time these anomolies occur.

Another busy week in store. The Open Golf at Turnberry and the Second Test at Lords. A Couch Potato week for many. Nap!

Just one ‘Live Blog Bet’ from me today:

An £12 Hughie (A place bet played via Betfair’s place markets on the horse finishing in the places i.e. 1^st, 2^nd, or 3rd)

£12 to place on: Just Five 215 Bev (Looks the winner IF allowed to be. However one has come out making it a daft price but I am now committed to the bet – first 3 apply) 1.10

As always to access my full daily column of bets and trades visit my main website www.bigmikebetting.co.uk
Mike

This entry was posted on Tuesday, July 14th, 2009 at 1:39 pm and is filed under Everything, Horse Racing Bets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.