[Claymores]

Originally Posted by *mazedsalv**

Everyone is shortening and Vinnie is doing the opposite, at this rate, people will start overtaking him.

Please never quote odds unless you fully understand a BB Market. It has the potential to cost real peaople real money in the real world which is not nice - what is your Betfair ID?

Here are my thoughts/explanation what happened since Friday:

I've no idea if Dane has any chance or not to really win (it is irrelevant to the following), but in gamblers' jargon this is known as a "ramp".

Under a ramp you place bets [say on Dane] at the longer odds when something semi significant occuring. The process of buying the bets alone causes the odds to tumble, then you 'sell' by laying against [betting Dane doesn't win] at the lower odds.

Easist analogy I can think of is the Stock Market in reverse - buy high sell low. The difference between the 'buy' and 'sell' becomes pure profit irrespective of the outcome of the event in question.

It is the way Stock Market traders operate - they don't actually care if X company invent a cancer cure or not, or if the crops are gonna fail in Kansas - just the profit to be made on trading at the correct time.

[*mazedsalv**]

Originally Posted by Claymores

Please never quote odds unless you fully understand a BB Market. It has the potential to cost real peaople real money in the real world which is not nice - what is your Betfair ID?

Here are my thoughts/explanation what happened since Friday:

I've no idea if Dane has any chance or not to really win (it is irrelevant to the following), but in gamblers' jargon this is known as a "ramp".

Under a ramp you place bets [say on Dane] at the longer odds when something semi significant occuring. The process of buying the bets alone causes the odds to tumble, then you 'sell' by laying against [betting Dane doesn't win] at the lower odds.

Easist analogy I can think of is the Stock Market in reverse - buy high sell low. The difference between the 'buy' and 'sell' becomes pure profit irrespective of the outcome of the event in question.

It is the way Stock Market traders operate - they don't actually care if X company invent a cancer cure or not, or if the crops are gonna fail in Kansas - just the profit to be made on trading at the correct time.

Im sorry for not being a betting expert, I just quoted the odds because there was a change in odds and positioning, and the fact that everyone is shortening to win besides Vinnie. Most people here wouldnt understand most of your post, I just put it simply.

[Claymores]

Originally Posted by *mazedsalv**

Im sorry for not being a betting expert, I just quoted the odds because there was a change in odds and positioning, and the fact that everyone is shortening to win besides Vinnie. Most people here wouldnt understand most of your post, I just put it simply.

I tried to explain as simply as I could - sorry if a fail

[*mazedsalv**]

Originally Posted by Claymores

I tried to explain as simply as I could - sorry if a fail

Sorry, dont mean to sound harsh, but the words probably confused others lol.

[Claymores]

Originally Posted by *mazedsalv**

Sorry, dont mean to sound harsh, but the words probably confused others lol.

Nae worries - I feel suitably chastised. I believe Vinnie is in a false position anyway as a lot of the money from punters i.e not gamblers) was put on before the series even started. I would more quote BBO polls or front page here which I find more reliable as a gambler myself.