SPORTINGBET "CASH OUT" South African 1st
- rob faux
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- Dellboy
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Re: SPORTINGBET "CASH OUT" South African 1st
9 years 9 months agoDellboy wrote:rob faux wrote:Huchergh wrote: It's an absolute flyer,but I don't see how it can be more.
What did you think?
H, using my example on exchanges means I only know what the yardstick is ......................interested to know the bookies intent or formula)..........as I say if they were operating at about 70% of that it may well attract some trading (and allow bookies to be "taking back" shortening prices at very good odds) :woohoo:
Its their margin on cashout is 32% do a test bet.....
If it was at 70 % who would ever cover their bet ????
people way back then also thought that the inrunning bet was in posible to loss :pinch:
Dellboy, only stupid people ever thought in-running betting was impossible to lose.....and even they never thought it for long!
If a bookie was prepared to settle my example at 68% of the R18000 that is still a reasonable profit to the punter ...................and consider the bookie-he is sitting with a liability of R160,000 on a price now reduced to 5/1 ....................what would he have to outlay ,at 5/1 to limit his liability to R11700 (68% of R18,000).........about R28,400!!!!
So,I estimate that cashing out, at a 32% margin, is a better option!
(hope my arithmetic is correct this late in the day.........
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- Dellboy
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Re: SPORTINGBET "CASH OUT" South African 1st
9 years 9 months agorob faux wrote:Dellboy wrote:rob faux wrote:Huchergh wrote: It's an absolute flyer,but I don't see how it can be more.
What did you think?
H, using my example on exchanges means I only know what the yardstick is ......................interested to know the bookies intent or formula)..........as I say if they were operating at about 70% of that it may well attract some trading (and allow bookies to be "taking back" shortening prices at very good odds) :woohoo:
Its their margin on cashout is 32% do a test bet.....
If it was at 70 % who would ever cover their bet ????
people way back then also thought that the inrunning bet was in posible to loss :pinch:
Dellboy, only stupid people ever thought in-running betting was impossible to lose.....and even they never thought it for long!
If a bookie was prepared to settle my example at 68% of the R18000 that is still a reasonable profit to the punter ...................and consider the bookie-he is sitting with a liability of R160,000 on a price now reduced to 5/1 ....................what would he have to outlay ,at 5/1 to limit his liability to R11700 (68% of R18,000).........about R28,400!!!!
So,I estimate that cashing out, at a 32% margin, is a better option!
(hope my arithmetic is correct this late in the day.........
I agree with you... would be nice for someone to answer with facts. Like the long term bets the option is not out yet :silly: surly thats when we are going to to using THAT ?
another thing i guess in their favor is that odds are always going to get smaller closer to the date. dont think if you pick a horse to win the Durban july in June that they are going to " cash out " when the horse shortens :lol:
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