[AusRace] Betfair SP

[L.B.Loveday]

Often around that mark Nick, but here's the current prices for Ascot 6 - #2 at BSP 2.93 is less than the available price, so far less than the mid point, so their algorithm is more complicated and the estimate even more misleading.

 

 



 

From: Racing On Behalf Of norsaintpublishing at gmail.com
Sent: Tuesday, 27 April 2021 21:14 PM
To: AusRace Racing Discussion List <racing at ausrace.com>
Subject: Re: [AusRace] Betfair SP

 

I presume the estimated SP is the median point between the ask and the bid? If so, it makes it a pretty useless indicator.

 

On Tue, 27 Apr 2021 at 19:10, L.B.Loveday <lloveday at ozemail.com.au <mailto:lloveday at ozemail.com.au> > wrote:

Here's Betfair's current price display for Ascot 7 tomorrow; from the 37 races at 5 Oz venues, just 1 has an "estimated" BSP market% of 100+% (103%).

 

It's deceptive at best, criminal at worst.

 

76% market for estimated BSP

 



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