31st January 2015, 07:18 PM
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Member
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Join Date: Jan 1970
Posts: 4,365
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Quote:
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Originally Posted by Rinconpaul
Something not gelling here CP, a juxtaposition perhaps? Your survey says it's profitable to LAY firming favourites....so anyone Backing firming favourites would be losing during this month and Backing drifting favourites presumably doing better,...... right?
BUT then you say the Bookies are raking it in on drifters? Wouldn't it be the reverse? Why would they ban punters who Back firmers, as they, the Backers, lose?
What was the max drawdown, if I might ask? I presume it was for only Gallops and no Dogs?
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As I was surveying the BFSP compared with the early prices and calculating returns at BFSP, I guess the operative word is firmed rather than firming.
Anyone backing firmed favourites at BFSP would be losing money, and they'd be losing money with the bookies at SP. However, those savvy dudes who take Top Fluctuation or early fixed odds on a regular basis would be doing better with the bookies than layers at BFSP.
It was only for UK gallops and I didn't bother about maximum drawdown.
P.S. Bookies clean up on drifters because they are always (as a group) such poor odds compared with Betfair, even after commission. |