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Originally Posted by UselessBettor
I looked at a trots meet where I had a bet. The Around figures are the liquidity.
1. BOLD AND FAMOUS = 7.6 / 7.2 Around $80 / $150
2. STARZZZ ON PARADE = 540.0 / 95.0 Around $80 / $120
3. BACMANTURNER = 26.0 / 16.5 Around $70 / $50
4. LUCK PLEASE = 17.0 / 14.5 Around $70 / $60
5. THE PLAINSMAN = 17.0 / 16.0 Around $40 / $50
6. SUNSHINE FILLY = 7.0 / 5.8 Around $50 / $50
7. DREAMTIME SARA = 1.91 / 1.88 Around $500 / $400
Its not a great market. Its on late and not many people in the pool.
For the backers it really sucks . But for the layers there is more then enough liquidity.
If I want to lay $200 liability I can do it on any of those horses easily. Its really only a backers $10 on some of them.
So I see what you mean but most of my systems are laying systems and thus I see lots of liquidity for my liability amounts.
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I think it demonstrates a few things.
For backers, it sucks and actually this is one of the better markets, some of the country races are far worse than this, so there must be a bit of interest in this race.
Look at the spread for anything bar Bold and Famous and Dreamtime Sara, it's almost impossible to get any value.
From a lay aspect:
2. STARZZZ ON PARADE Betfair: 540.0 Fixed: 51.00
3. BACMANTURNER Betfair: 26.0 Fixed: 13.00
4. LUCK PLEASE Betfair: 17.0 Fixed: 11.00
5. THE PLAINSMAN Betfair: 17.0 Fixed: 10.00
6. SUNSHINE FILLY Betfair: 7.0 Fixed: 4.60
Anyone can see at a glance that it's impossible to lay any of these horses, and make money at these odds plus commission.
The point is that the spread in the market is just too great due to the lack of liquidity.
It's not all doom and gloom there are still many aspects of the exchange that are well worthwhile, just a dismay at how the Premium Charges have caused so much damage to liquidity.