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Racehorse TALK

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Author Topic: Framing Markets  (Read 4090 times)
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calgary
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Original Post 2009-Dec-21, 09:44 AM

I always like to use the holidays to improve my punting ability - and I think one area I should work on is framing my own markets.

I am going to pick out a race each day to look at and come up with my own market.

I will then back anything that looks to be a good overlay to win $100 at the odds I mark it as. So if I have a horse marked at $2.00 that is paying $3.00 I will have $50 to win on it.

OUT - 100
IN - 0
POT: -100%
« Last Edit: 2009-Dec-23, 04:29 PM by calgary » Logged
 
calgary
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2009-Dec-23, 04:52 PM

Yup - 2 races down and a head away form 100% POT - think we should give it up Bundy  lol
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Steward
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2009-Dec-23, 04:53 PM

Rad
You rated winner as $8.50 on 100% market and you say you took $9.00..not much margin for error there.


what what what



Thats the whole point of framing your own market isn't it ?

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Max Manewer
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2009-Dec-23, 04:53 PM

We assume there were 'dry' runs leading up to this ?
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Max Manewer
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2009-Dec-23, 04:57 PM

I'll price up the 45 lotto numbers for tonight and see what happens.  wacko
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Rad
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2009-Dec-23, 05:02 PM

Rad
You rated winner as $8.50 on 100% market and you say you took $9.00..not much margin for error there.
Calgary rated winner as $14 chance..done his money again
Bundy rated winner as $15 chance..ditto

what what what



Because I bet Top Fluc, I had to put the bets on well before the previous race .. at that point he was around $11 on the giddy goat and I thought that it was a reasonable bet at top fluc. I find D.Oliver mounts are regularly shorter on the tote than with books (not this time though .. but that was my thinking)

Cheers

With the money from a very astute stable going on, I was quite happy to have had that bet as things turned out.
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OldLarsy
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2009-Dec-23, 05:17 PM

I'll price up the 45 lotto numbers for tonight and see what happens.  wacko


1 and 45 would be the rank outsiders at 14/1

All the 30's would be around 5/1

The remaining numbers 7/1 each
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Bubbasmith
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2009-Dec-23, 05:32 PM

In the real world of bookmaking a "punting bookie"  would frame two independent markets. The first, his "lay market", might be to 120% and the second his "betting market" might be to 90%.In the "lay market" he would have prices that he would not want to bet over. If he rates a horse at $4.00 he would endeavour to lay it at any odds under that $4.00 but would be reluctant to bet higher odds. In his "betting market " he might have that same horse at $6.00 and if he was able to get $6.00 + he would back it ..if he could not get $6.00 he would not back it.
Yesterday I took Calgary to task by placing imaginary bets on his " betting market", whereas, in reality, I could not expect him to offer those odds. Maybe in future all punters putiing up the markets on this forum could put up both  "betting and lay" markets.Then the accuracy of their markets might be put to a more valid test.
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Bundy
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2009-Dec-23, 09:49 PM

Yup - 2 races down and a head away form 100% POT - think we should give it up Bundy  lol


We suck m8 biggrin
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calgary
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2009-Dec-23, 10:05 PM

The reason I bet using my own odds is that doing that the bigger the overlay the bigger the collect 
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Arsenal
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2009-Dec-24, 09:34 AM

Didn't quite catch this but WW and SH talking form for Sat I thought  mentioned UNiTAB is looking for experienced people in framing markets,so could be someone here might be interested.

Off topic a bit but years ago when I frequented the trots at the old Stephens Paceway  Rod Hill was the caller and also did the bookies markets.We would spend most of the night in the box with him and one of the local trainers,a real knockabout but a good bloke, would invariably provide a hugh parcel of fish n chips with the objective of getting in good with Rod so that he'd get a better price when his horses were in a race with a chance. beer

Nowadays he's a very successful racehorse owner and leaves the training to someone else. I am King  
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