Eagle Farm Race four 1200 metres. Rs2ly.
Horse			SP Odds	%
Animate			5.00	20.00
Foxmore			5.50	18.18
The Expat			2.00	50.00
Mallet			13.00	7.69
Miner's Union			11.00	9.09
Flat			13.00	7.69
Road To Heaven			10.00	10.00
Scarlex			21.00	4.76
For Love			26.00	3.85
Prince Starlight			15.00	6.67
Scenic Flight			71.00	1.41
Boomaker SP market percentage				139.34%

Betting into markets like that is why you cannot just give a bookmaker a top fluctuation or starting price bet unless you are also able to give minimum odds with your bet.

If the bookmaker tells you he is doing you a favour by giving you top fluctuation or starting price then point out that is a poor bet without being able to give minimum odds that you see as value with your bet.

You could offer a compromise, like I have done, and tell the bookie you will place the bet without minimum odds provided the price is appropriately adjusted to a market of 110%.

If you do not give minimum value odds when you bet into markets of 140% you will be battling to break anywhere near even over the long term.

A market of 140% is equivalent to being offered $1.43 about the toss of a coin when break even odds are $2.00. Or taking $2.00 about any of the traditional even money roulette bets like odds/evens/red or black. But with one slight difference - instead of there being just one zero on the wheel, there are now 16 zeros on the wheel.

That's what you are up against in betting markets set to 140%. It's like playing roulette with 16 zeros on the wheel.