When is a bet not a bet?
For us as a service its when the horse is odds on.
Today we were looking forward to Srda in the 3.50.
We blogged last night that we were looking at a bet depending on the price and at that stage Srda was around 13/8 on Betfair.
Unfortunately she was no longer odds against when the bookies priced up this morning so no account bet for us.
She ended up going off at evens and winning by an easy 7 lengths.
It can be frustrating missing what turned out to be an easy winner but in the long run its all about value. Today it could be argued that Srda was great value at evens (as she won so easily) but in the long term we are adamant odds on isn't the way to play as a general rule.
Elsewhere there was very little we were interested in. Pretty poor racing, as is usual on a Monday unfortunately.
Hopefully there should be an account bet tomorrow and the end of the week is still looking pretty interesting.
Thanks for reading
SimpleBet
http://www.simplebet.net/
1 day ago
Even money is not odds-on...
ReplyDeleteYou are correct even money is not odds on.
ReplyDeleteHowever, when we sent the account bets out it was odds on and 1.93 on Betfair