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Reload this Page $360,000 layed on one horse at Terang Tues.?
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  #11  
Old 20th March 2008, 07:13 PM
Chrome Prince Chrome Prince is offline
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I'll just bet (haven't seen it) that they reported that the horse was laid against for that much, not that also it was backed for that much (matched) equally.
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  #12  
Old 20th March 2008, 07:14 PM
crash crash is offline
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Quote:
Originally Posted by Chrome Prince
Okay, but $1.30 to $1.56 is not a big set against a horse when all that money was matched by opposing backers.
Meaning there was that much money on BOTH sides within a narrow band.

Something sus would be $1.30 out to $2.50 etc. but there was all that money waiting to back at those prices.

A Terang Tuesday meeting would never have all that money available to lay at such short prices, so there were just as many keen backers as layers.


$360.000 Lay is sus on ANY mid-week race. Especialy a race with no depth and only 5 runners. [Read Melb. Age March 20th.].
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  #13  
Old 20th March 2008, 07:16 PM
Chrome Prince Chrome Prince is offline
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It was matched equally crash by backers as well.
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  #14  
Old 20th March 2008, 07:24 PM
crash crash is offline
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Thats not the point. The point is that an odds-on favorite in a 5 horse race was layed for $360,000 to lose. HELLO!
Last edited by crash : 20th March 2008 at 07:27 PM.
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  #15  
Old 20th March 2008, 07:43 PM
michaelg michaelg is offline
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True - no one in his right mind would lay the fave under these circumstances for such a large amount in a race where there is not much liquidity unless...(I would probably be censored if I suggested anything untoward, but anyone with a cynical mind would certainly be suspicious).
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  #16  
Old 20th March 2008, 07:56 PM
jfc jfc is offline
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Crash,

apropos your apparently deleted post.

All I was trying to say was that layers need backers to consumate the deal.

A huge lay happens to correspond to a huge back.

Without further information the sharp direction remains undisclosed.
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  #17  
Old 20th March 2008, 08:08 PM
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Fair enough. I cannot confirm how much of the $360,00 was covered.
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  #18  
Old 20th March 2008, 08:28 PM
Chrome Prince Chrome Prince is offline
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If it was matched $360,000, then $180,000 was laid on the horse and $180,000 was backed on it.

The point is that an odds-on favorite in a 5 horse race was also backed for $180,000 to win a Tuesday Terang race and the maximum Betfair price was only $1.56, which means there was $180,000 available wanting to back the horse already - below that figure.

That's what I'm driving at.
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  #19  
Old 20th March 2008, 08:53 PM
Crackone Crackone is offline
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Quote:
Originally Posted by crash
Fair enough. I cannot confirm how much of the $360,00 was covered.
Crash was it one amount of $360,000 or total matched for the runner?
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  #20  
Old 21st March 2008, 08:50 AM
Mark Mark is offline
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Reminds me of the case of the trotter that was beaten at around $1.10. This was before BF was licenced in Oz and the media (that don't own part of BF) was outraged that over 90% of the 'pool' was traded on the one horse. Well Duh.........

Every time a horse is odds on the turnover is always higher than usual. Simple mathematics.
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