Quote:
Originally Posted by flatstats
3. In the UK betting exchanges have affected the fav / longshot bias. Bookmakers have tended to supress the odds on outsiders whilst free market exchanges have helped to lengthen them and thus reduce the bias.
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It’s not just the UK, US exchange tracks so a similar phenomenon.
Long shot odds are suppressed on the tote.
Horses that are 10 to 20-1 range on the tote go off way more on the exchange.
I will post today at Monmouth.
Allan
