Smarkets or betfair on Horses
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Hello guys,
been looking at horses over the past week and only today did I also open betfair up to check the back \lay odds movements.
What I noticed is that betfair in many horses had better lay odds for example 6.2 to 7.5 of smarkets .
Even though the commission is more , the lay bets look better.
Anyone think the same or any advice
Thanks
+0January 13, 2017 at 9:42 pm
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That should only happen with v low liquidity. A more liquid market a lay of 7.5 would be matched with a back of def over 6.2, and I’ve not seen an arb between smarkets and betfair.
I think what you are seeing is betfair has more liquidity so the odds get closer quicker, so that 7.5 is probably matched with a back of 4.5 but when the race gets nearer they will get closer+0
Yeah, hours in advance of the off you might see those kind of differences, but not once the markets are fully formed towards race time. If it were the case we would all just forget the bookies and arb one exchange against the other 😉
To answer your title question, I would say that the savings in commission at Smarkets is worth the (reducing) stability issues that they sometimes suffer, although you should really have sufficient float in both in the event of an emergency. Betfair’s graphs are also helpful
+0thank you
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You’d be able to afford the odd horror story Tony with all the extra coin you’d made 😉
It’d be like Moyes not signing some decent players in case they get sent off!!!
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