Trojan Posted 3 hours ago Share Posted 3 hours ago I had an argument with a long term big punter in the pub the other day. Another mate and I were discussing how the Fixed Odds at times are priced really strangely for particular horses for example Orchestral. Was she short in the market initially to attract your average punter to throw it in their multis? Like a form of reverse psychology. We also discussed the improbability of how often Fixed Odds end up equalling the Tote price - particularly AFTER the race has started. We decided that the TAB lays Fixed Odds on the Tote on a fairly regular basis. Anyway the big punter (won a few punter of the year competitions) piped in and said that the TAB didn't lay Fixed Odds bets and it was in the rules. So I had a spare moment and looked at the Racing Act legislation and the TAB Betting Rules. It specifically says in both that the TAB CAN lay bets. The TAB rules say - LAY OFF BETS 13. We may at its sole discretion place all or part of a Fixed Odds Bet accepted by us on another betting system to manage its financial exposure. Off to the Thirsty Thursday session to get my two jugs I bet!!! 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.