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Posts
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38 minutes ago, harry_rag said:
I think you've missed his point but I had to re-read the post to get my head round it.
If you backed all 16 runners 1 point win in a theoretical race at equal fair odds of 15/1 you'd get your money back. If you backed them all half a point each way with 5 places on offer you'd make a small profit. (I make it 2 points but I could be wrong.) So it's taken as being suggestive that there's more value than normal when backing each way in extra place races. It will, of course, depend on the overround being applied.
I understand the confusion, but the overround, or underround, are not applied - that is the situation regarding the field book. Which race is it that equal fair odds are on offer ?
The field book operates on 100% take out, calculated on price percentage : 7/2 is 22%,11/2 is 15%, 8/1 is 11% and so on for every price available. Every book on every race is overround i.e the take out is more than 100%. The only advantage the bettor has over the bookmaker is that the bookmaker has to bet in every race, the bettor doesn't - so, in a field of 8 or 10 runners, depending on the book takeout, taking 3 or 4 against the field for a total of less than 100% guarantees a profit - and, if that is a 10 runner field, that means that instead of having one horse running for you and nine for the bookmaker you have three or four running for you, which 60% or 70% of the field. This seems to me to be fairly basic.
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thurley 535 ffos las 9/1 bet365
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fiston de becon 4.25 warrick
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1645 C - Shimmerz @ 40-1 ew bet365
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400 b Stage show 10/1
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