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David

Odds difference

Question

@Tomas After a successful 1 tick trade on a 2nd horse, I opened the live video to check if there was enough time to place another trade.

The commentator stated this horse was at 9/2 which in decimal odds is 5.5
Yet on the trading ladder, the odds were showing as 7.4

Why is there such a big difference between the two?

It was not as if the odds moved quickly, because it was trading around 7.2 and 7.4 for several seconds.

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On 10/25/2017 at 8:12 PM, David said:

@Tomas After a successful 1 tick trade on a 2nd horse, I opened the live video to check if there was enough time to place another trade.

The commentator stated this horse was at 9/2 which in decimal odds is 5.5
Yet on the trading ladder, the odds were showing as 7.4

Why is there such a big difference between the two?

It was not as if the odds moved quickly, because it was trading around 7.2 and 7.4 for several seconds.

@David, I don't listen to commentators - I'm not interested in what they talk about. But such a big difference seems to be strange. Did the commentator speak about prices on Betfair?


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16 hours ago, billylong said:

Bookies prices would be quoted, I doubt they quote betfair prices often.

Yes, this is probably the reason. But it was such a big difference in the prices which was the most surprising.
If bookie prices are this poor, why do so many use them to bet with, when the exchange odds are higher? Unless the bookie is offering some sort of promotion.

@Tomas I used to think that listening to the commentators would give an idea who the punters are likely to back.
However, I realise the Betfair video is delayed by about 5 seconds, so the odds on the ladder may have changed before any comment is made!

I only view the video to give a rough guide to the starting time.

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22 hours ago, David said:

If bookie prices are this poor, why do so many use them to bet with, when the exchange odds are higher?

Most people don't care about the price. They are looking for the winner, not for the value and honestly - mainstream bettors are quite uneducated in this. Bookies do their advertising campaigns and people still listen to their promotions, even if they still lose money in the long term. This is one of the reasons why people lose their money with bookies.

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“Sports Trading Exposed” is now FREE & OPEN SOURCE! The most comprehensive, in-depth online sports trading guide ever written.

“After more than 10 years of full-time sports trading that put me in the top 1/2 per cent of the most successful career earners on Betfair, I’m exposing EVERYTHING I’ve learned!  I’ll provide you with all the tools you need to substantially decrease your risk and exponentially maximize your earning potential!”

Click to read it now!

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