Tuesday, 9 March 2010

Do your homework!

A costly lesson yesterday for a Betfair in-running layer at Lingfield, where the winner in one race was matched at 1000 for £66. A late change in colours made it difficult, but as I used to stress to people in BF Education classes, use the period just before the race to confirm the colours, as often the shades in the paper or online guide are out, or there could be a late change of ownership, a damaged set of silks needed replacing or the owner has managed to leave that at home.

But the killer in this case was in the detail, as written in the Racing Post..... The winning horse was the only grey in the event, undoubtedly the most distinguishing factor in a race!
Posted by Scott Ferguson at 09:43

5 comments:

  1. Hi Scott

    Like you said a very expensive mistake and the way to avoid such a terrible loss could be as easy as doing a simple check before the race.

    I think that sometimes when we are in the thick of the betting/trading action it can be easy to overlook the simple and retrospectively obvious actions that can have a massive influence on our betting banks.

    Thanks for a very useful post

    Mark
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  2. Ouch,

    I noticed in the T20 a week last Sunday that West Indies (who lost) had been backed all the way down to £1.01 in running to beat Zimbabwe.

    Between 1.05 and 1.01 around half a million pounds had been matched, I thought then that quite a few people would have been stung, but I would be surprised if anyone topped the £66,000 mark.

    Bets of it was, Zimbabwe won quite easily in the end!
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  3. Yes, you're right Betfree247. I would have posted about that one but couldn't find a record of the matched volumes. No doubt there will be more soon...
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  4. Scott, I just noticed it in-running, I should have took a screen shot of it.

    As you know well yourself, they would have been backed all the way down (not just starting at 1.05), so the amounts lost on West Indies would have been massive.

    Just to let you know I wasn't one of them (this time, anyway).

    Always keep an eye on cricket though as you can get some batting collapses with the likes of West Indies, New Zealand and sometimes England.

    For example, just recently England were 1/20 on Betfair in-running against Bangladesh in the 2nd ODI.

    England needed (approximately) 65 runs off 60 balls with 5 wickets remaining, runs to ball was easy, it was the wickets that was the problem, sure enough a few overs later and Bangladesh went (briefly) odds on favourite.
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  5. I think Deccan went 1.03 yesterday in opening IPL game, didn't catch the early one today.
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Thanks for your comments!

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