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9 comments

Comment from: Shanks [Visitor]
Is it too late to make Shaun Micheel a Captain's Pick????
2006-09-15 @ 09:09
Comment from: Oliver Sudden [Visitor]
Will Wie finish the round ? 7 over thru 7 today, is a WD imminent ? What are the odds ?
2006-09-15 @ 11:07
Comment from: Oliver Sudden [Visitor]
Correction, 6 over thru 7.
2006-09-15 @ 11:09
Comment from: John D [Visitor]
She better be getting the bag of fake puke ready...she's gonna need it.
2006-09-15 @ 11:38
Now now guys, be gentle.
Anyone want to run a sweepstake on what today's excuse is going to be?
Shanks - you wouldn't let me have O'Hair, I'm not letting you have Micheel. Nice round from Stricker today though.
2006-09-15 @ 14:07
Comment from: Oliver Sudden [Visitor]
I've been in a situation like the backers of Thompson this week, like when I had Rich Beem at Doral at 300-1 this year, but how do you take profits ?
2006-09-15 @ 15:04
On the exchanges Oliver you can lay the player at any time during the tournament to lock in a profit, a two-way one if you want.
2006-09-15 @ 15:38
Comment from: Oliver Sudden [Visitor]
For example, I had $15 each way ( to win at 300-1 and top 5 at 75-1 ) on Beem. After Friday I believe he was leading. But sportingbet.com would only let me make further wagers of this type. So what could I do ? Thanks for any info.
2006-09-15 @ 15:52
Oliver you create an account with ione of the betting exchanges. They're not exactly thick on the ground for one reason or another, mainly the muscular tendencies of the main one, Betfair. It's chief rival is a site called Betdaq. There are one or two others but they are small and don't offer the same level of liquidity.

The point about these sites is that you are not placing bets with a betting firm but with other customers. Supposedly they are ordinary punters like you but there are clearly moneybags involved who have some kind of tie-in with the sites. The bookies, despite slagging the sites off, also use them at least to hedge their liabilities.

These sites allow you to bet either way throughout an event, so instead of seeking to place a bet you can take the other side and lay the bet for a specified sum. So say you had backed Nicholas Thompson at the start for $2@760. At the end of the first round you could have laid him for something like 28. By my calculatioin if you laid him for $54 at that price you would colect $60 if he wins and $52 if he loses, ignoring commission. (now I'm praying I've got my maths right!)

Thing is you can do this back and forth to your heart's content, which can make Sunday quite fun as you follow the ebb and flow of a match and bet backwards and forwardss accordingly.

I hope that helps a bit.
2006-09-15 @ 19:06

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