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Originally Posted by lamboguy
just curious to know if anyone has bet on in play races with Betfair? and if you did, how much could you get down for and at what point of the race did they accept wagers?
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I've done it as NJ has access. On British races, because of the length of most race (long) and the amount of money in the pool, you can get some money down until 3/4 of the way through the race (obviously your odds get worse and worse as the possible winners become more and more clear). If there's a likely winner heading down the stretch, you can get down a few dollars at 1-100 odds on those horses. You'd better be right more than 99 times out of 100 to make a profit.
On American races, there is very little liquidity before the races start, much less after they're running. They offer in-race wagering on some tracks, not all. I'm sure people have made money on a race now and then by backing longshots where a horse is 4 lengths up but loses the rider or totally stops in the final strides, but if you're just the average guy wagering it's not the easy path to riches, that's for certain.