18th March 2006, 08:33 AM
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Member
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Join Date: Jan 1970
Location: Sydney
Posts: 402
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At least news of the 7.5% & round-down secret rake is filtering through the other forums - albeit excruciatingly slowly.
I'm amazed that one individual (whom I've had no dealing with) still insists in denying this for 3 days. Why can't he go to the official AusTOTE page and calculate the blessed markets for himself? The fact that all will be above 108.11% should be a huge clue!
As to better value elsewhere I suspect that Betfair is now the best bet, but with the problem that the low liquidity doesn't guarantee you'll get matched at your offered price.
I haven't tried this but wonder how offering lays at 10% below estimated true odds might go.
With the 5-outfit live display that lay price would be 90% * Market * Best Price.
For example early on the Market for best might be 80%.
So offer to lay a $10 shot at 90% * 80% * $10 = $7.20 or worse.
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