Exchange Wagering

[richard burch]

Originally Posted by jms62

Yes you can bet during the race but there is virtually no liquidity and the offered prices are atrocious. I have used it in the past and have gotten a few very nice overlays but I don’t see the prices now offering that big of a difference. I think you may now have some computers in the pool. Also a few times of betting too early and taking a price WORSE than the track odds makes you feel like a tool. If you are interested I would say have patience and bet as late as possible to avoid this. What I do like though is betting against an ODDS ON favorite that I don’t like.

That would be my thinking as well.

[GoIrish]

I think Betfair has done a pretty poor job of training the betting public on how this works. I stopped by that tent at Monmouth and the college dropouts working it could not really explain how it works or why it may be better than the parimutual system. But I got a can koozie. I do not know any more about exchange wagering than I did before they introduced it; that is to say: nothing.

[richard burch]

Originally Posted by GoIrish

I think Betfair has done a pretty poor job of training the betting public on how this works. I stopped by that tent at Monmouth and the college dropouts working it could not really explain how it works or why it may be better than the parimutual system. But I got a can koozie. I do not know any more about exchange wagering than I did before they introduced it; that is to say: nothing.

Exactly.

Good idea, bad system. Has to be made simpler.