Quote:
Originally posted by Nickatilynx@Jan 16 2005, 07:57 PM
Put a big enough bet and I guess you could change the line nationally. Or is it non bet related?
Excuse my ignorance.
But say I'm at a British Racecourse , and they are saying in a field of 9 the second longswot is 33-1 and I go and bet 25k , you'll watch the quoted odds drop to balance the book.
fuck Newton would know...
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Nick most of the big, seriously big money goes on maybe a month or more before the UK horse races run, the other way is just before the race when you drop a huge wad on the Tote. The course (tote) odds and the betting shop odds can vary with the tote typically a better deal.
You should walk around the course as prices on the same horse do vary, unless you drop a very large wad on a horse, then the Tic Tac men will use hand signals to tell other bookies and bring the prices down throughout the course. If they think you are wise and watching them, they will typically reverse the tic tac signalling.
The objective is to keep the price exactly where they want it for as long as possible, so will not vary a great deal but can change rapidly just before the race.
You wouldn't lay big bets typically, but spread a lot of smaller bets around the bookies to not give them any suggestion as to your intention. Lots of smaller bets at £500 of less would not alert them until it is too late
This keeps the prices up where you want them as you can state the price on the betting slip when you place the bet. IF the price drops you still have that price fixed at the time of the bet, if it becomes greater say 40-1 and you placed your bet at 33-1 you still get 33-1.
The US odds are fairly strange to the British, although most bookies will convert them into the UK betting odds.