Originally posted by RoadToCheltenham
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2022 Albert Bartlett Novices Hurdle
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Still haven't learned how the exchanges work... Haven't found a video explaining what is a "bad sign".
So now ?3 to lay at 400s is the best, which means nobody is backing him right? That makes sense. But why is that a bad sign, and say Sir Gerhard who is ?10 available at 11s not a bad sign?
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Originally posted by Dandrew99 View PostStill haven't learned how the exchanges work... Haven't found a video explaining what is a "bad sign".
So now ?3 to lay at 400s is the best, which means nobody is backing him right? That makes sense. But why is that a bad sign, and say Sir Gerhard who is ?10 available at 11s not a bad sign?
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Originally posted by Zachx02 View Post
From my understanding, if the back price is going out, thats a bad sign
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Originally posted by Dandrew99 View Post
Yeah I get that bit. People putting their hard earned onto a horse to lose has to be a bad sign, it's more the lay side that is a bit of a mystery in terms of the "bad signs".
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Originally posted by Dandrew99 View Post
Yeah I get that bit. People putting their hard earned onto a horse to lose has to be a bad sign, it's more the lay side that is a bit of a mystery in terms of the "bad signs".
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Originally posted by Stormez View Post
It’s a bad sign if there’s no money there for you to lay, as it means people aren’t putting money up to back it.
I assume there's a way to see what other prices people have put money up at? I'm in the app, dunno if that's different.
Totally off topic but interesting to see someone has laid Sir G for 20k at 1.2, but still! Surprised people put those sort of numbers on the exchanges.
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Originally posted by Dandrew99 View PostStill haven't learned how the exchanges work... Haven't found a video explaining what is a "bad sign".
So now ?3 to lay at 400s is the best, which means nobody is backing him right? That makes sense. But why is that a bad sign, and say Sir Gerhard who is ?10 available at 11s not a bad sign?
Tbh, the markets this far out from the Festival are so immature that it's v hard to read anything into it. The figures for this and the Bartlett are tiny. If you want to see a more mature market then look at APT in the Gold Cup, this is a decent example. If the pink column suddenly started drifting higher then you'd know there was something up with the horse.
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Originally posted by Dandrew99 View Post
Totally off topic but interesting to see someone has laid Sir G for 20k at 1.2, but still! Surprised people put those sort of numbers on the exchanges.
So say SG is pulling away before the last, someone else might take the bet and put 20k on at 1.2. He’ll accept the bet of 20k and his exposure is 4K. Then, if SG falls at the last when pulling away, he wins 20k (less the 4K he originally staked). But if SG does the business, he wins 20k from his original bet (less the 4K he now owes the better on the exchange).
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Originally posted by Exar Essay View Post
It’s cos the market is live even during the race. So your mate might’ve had 4k on SG at 5/1. He might then want to cover himself in case SG buggers up when looking certain to win - so he says he’ll accept a 20k bet at 1.2.
So say SG is pulling away before the last, someone else might take the bet and put 20k on at 1.2. He’ll accept the bet of 20k and his exposure is 4K. Then, if SG falls at the last when pulling away, he wins 20k (less the 4K he originally staked). But if SG does the business, he wins 20k from his original bet (less the 4K he now owes the better on the exchange).
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"Journeys to Glory, breathing in his head".
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