5th December 2007, 11:45 AM
|
|
Banned
|
|
Join Date: Jan 1970
Posts: 868
|
|
Quote:
|
Originally Posted by Chrome Prince
Surely if the takeout of TABS is 14.50% and the takeout of Betfair is 5% (effectively), you are 9.5% better off backing using Betfair and 9.5% worse off laying using Betfair, which is why I say it's twice as hard, but actually it's 19% harder.
To win, your ratings have to outperform the market either way, but have to outperform the market by more than 19% laying.
|
ahh so thats why bookmakers have been doing it so hard for all these decades...
so i guess when i lay my rated 10/1 shot at $7.50 what i have actually done is "outperform the market by more than 19%"
never looked at it that way but it has a nice ring to it. |