Author: Max Redd www.ReddRacing.co.uk
Ever wondered how a bookmaker ‘makes’ his ‘book’? When you visit a race course and look along the rows of bookmaker pitches, just how do they come up with the different prices? Surely the figures are not just plucked out of thin air, because its not often you hear the sob story about a poor bookmaker!
Normally the prices for any given race are settled around 4pm the day before a race. Every major bookmaker will have a team of five or so odds-compilers, one working on each race on the card. These odds are then delivered to the trading team, and the rails bookmakers at the respective courses. Once a market opens on track, the individual bookmakers will keep an eye on what the others are doing as the market unfolds. Each will be competing against the others, trying to attract business by offering the best pr
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20 Dec
