Saturday 29 August 2009

Betfair or Bookies?

MOHEEBB was on offer on Betfair at 23 and went off at 12/1, plenty of value there, pity that on this occasion the market was correct and it finished well down the field. In a similar vein HANNICEAN could have been matched at 23 or 24 mid morning, in th end HANNICEAN was a non runner.

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The, at times, huge discrepancy in price between bookmakers and Betfair is worth mentioning at this point. There is much made of the alleged 20% better average price available with Betfair (by Betfair) over bookmakers. If you're a favourite backer this edge seems to be, at the very least, elusive. In practice the short priced horses seem to be comparable between bookies and Betfair, however, the longer priced animals can be significantly, sometimes spectacularly different. Why? Maybe the Betfair layers are more generous than bookies or maybe they have less respect for the "rags", whatever the reason ther are some juicy prices out there for people seeking overlays. Keep your eyes open.

I'm going for a fortnights holiday tomorrow so this fledgeling Blog will be suspended for a while. Tomorrow there are four races to look at

Beverley

16:15 GRAND ART

Goodwood

15:20 MAKE AMENDS

17:05 SWOP

17:40 STEP IT UP

Of these GRAND ART and SWOP look possible value bets being quoted at 16/1 and 10/1 repectively by The Sporting Life. Be lucky, but better, be patient.

P.

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