Discussion in 'Current Affairs' started by scouse, Jun 4, 2011.
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BBC News - Epsom Derby: Queen's horse Carlton House favourite
I heard this horse being discussed on R4 this morning, Scouse and the sports presenter was talking about the betting and saying that odds were being quoted of 3/1 and 9/4. Why are the two odds being quoted so different? How do they calculate the odds?
The odds quoted will represent the Liabilities, that those two particular bookmakers have ...... to the volume of money laid on Carlton House, and there exposure. It will contract, or lengthen, accordingly to money laid on that and other horses in the Derby betting market . So making their book correct ( as in bookmaker ).... You need to go racing Maam, with a bookmaker for the day!!!
There are a number of factors they take into account but mainly they are interested in running a balanced book, so that they can make a profit regardless of the outcome of the event.
I hope that she did not lose too much of her hard earned cash on that mule.
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