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betfair-projected betfair sp????

  • 21-07-2010 7:01pm
    #1
    Registered Users, Registered Users 2 Posts: 4,408 ✭✭✭


    howdy folks,
    just looking at backing a horse on betfair that doesnt run untill tomorrow.

    there is very little available on the exchanges as its not till tomorrow, but there is a price shown under projected betfair sp.

    now i thought an sp was simply an sp but theres a price available???
    can anyone clear this up for me, itd be much appreciated.

    cheers


Comments

  • Registered Users Posts: 2,135 ✭✭✭POINTBREAK


    Fairly sure its just an estimate of what the Betfair SP will be. You can back or lay at SP but there is no way of knowing the exact price you are backing at or laying when you do that.
    In a weak market the projected SP could be way out.


  • Registered Users, Registered Users 2 Posts: 4,408 ✭✭✭ft9


    so price shown is just an estimate of what market represents at this time, but it could all change depending on market depth?


  • Registered Users Posts: 2,135 ✭✭✭POINTBREAK


    ft9 wrote: »
    so price shown is just an estimate of what market represents at this time, but it could all change depending on market depth?

    Correct.


  • Registered Users, Registered Users 2 Posts: 4,408 ✭✭✭ft9


    thanks pointbreak, much appreciated


  • Registered Users, Registered Users 2 Posts: 605 ✭✭✭famagusta


    who pays out at the sp price then? betfair?


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  • Registered Users Posts: 2,135 ✭✭✭POINTBREAK


    famagusta wrote: »
    who pays out at the sp price then? betfair?

    Yeah, Betfair also act as a bookie on the Multiple Bets.


  • Registered Users, Registered Users 2 Posts: 1,853 ✭✭✭Kod-box


    They hardly pay the greater odds if the BSP is better?


  • Registered Users Posts: 2,135 ✭✭✭POINTBREAK


    Kod-box wrote: »
    They hardly pay the greater odds if the BSP is better?
    No they just pay the BSP odds.
    On multiples they say there is no commission but they actually deduct 5% from the BSP price. If you had a double and both horses were returned at 11 BSP (10/1) they only pay 9.5/1 on each...... they claim that isn't commission.


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