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Originally Posted by Rinconpaul
I revisited this idea in the last hour. What it comes down too is the bookies have a nice 20% overround, that pays the wages and overheads. But like you say Pat, they employ traders of their own and use their skills in handicapping to pump out a bit more profit. They do that, as you say, by offering a price better than the lay price to attract some business (not arbers  ), knowing that probability is on their side as they've done their own form, looked at the oppositions prices and thought they could do a bit better for little or no extra risk.
So casting my eye over all the bookies prices looking for at least 3 offering a price >= to the current Lay $. I've picked up a couple of hundred in the last hour just Laying that selection (not arbing), on the dogs and gallops. Probably just lucky but there is logic behind it. Now this is deja vu for me as I've been here before, wanted to implement an automated system but was let down by an odds comparison mob with the initials of the first two letters in DOOMBEN. ( last time I mentioned them, I got sidelined by the mods)
Gary, do you still use them? and is yours integrated into excel? They weren't interested in helping anyone set it up last time I tried. |
Not sure exactly what you mean but I will have a shot R/P.
Do you mean say pick out a Corporate bookmaker(s)
Check their prices to say other corporates & then the on course market,
And if in certain races they appear to be continually the last,
To turn off a firming favourite or continually being the first,
To extend their odds of a horse appearing they want to take it on,
Then you want to tap into that & lay it for yourself based on what they do.
This could be any no's of reasons.
Their form analysts have it at a certain price which is,
Much shorter on course or with other corporates.
The stable who usually back it with them when it runs,
Have not so today.
Smart money from good judges are backing other horses,
To beat it.
It is much bigger on the tote(s) they can do a rough calculation,
With say Betfair & the 3 tab's final pools & can back it back to,
Hedge a large bet (note I said rough guess) if they get hit.
Track bias changing track ratings on the day now favours other horses,
So they reassess or just to entice punters as not much action is happening
Open market %'s were way to high to start with so they appear to,
Be wanting to lay something when all that is happening are the %'s,
Are now evening out.
This is the reason because of these anomalies I only record,
The on course prices not any corporate(s) odds because of the above.
Also if you decide on the corporate which analyst & what,
Meetings is he or she doing on any particular day.
It's not one doing all there are several that may contribute.
I have to be careful here in relation to the above paragraph
But let's just say that a certain,
Person on the forum was giving their odds & ratings to a certain,
Party on stipulated races & days thus was able to bet freely.
Now this was no longer happening therefore that persons prices,
And opinion is no longer being used, you get the drift.
To answer the other question yes I use them still,
But not the setup you wanted to do, just for the comparisons,
And scratchings track ratings dividends etc.
There are other sites to do comparisons but there,
Are not as many options as the one you mean.
To get back data from you know who, my interpretation from them,
Was this, we have the data & the setup however you need to transform,
It yourself, or get someone who can, they wouldn't even recommend anyone,
When asked for fear of legal ramifications.
Cheers.
Garyf.