Betfair horse racing system bears a strong similarity to the systems often found on the stock exchange market, with the back and lay options comparing to the buying and selling of derivatives. For those well familiar with the horse racing market, it is easy to spot that the horse prices tend to increase or decrease dramatically several hours prior to the race start. There’s no rational explanation for that except for crowd effect. Punters change horse prices under the influence of tipping services, horse racing news, friendly advice and many other crowd-oriented factors.
4 November 2011
Strategies