dingdingding
Well-Known Member
- Joined
- 20 May 2009
- Messages
- 153
Re: Harry Rednapp to be sacked??
I'll tell you what's happening:
Some clever fellow on Betfair lays odds on Redknapp getting sacked next, then starts rumours online to that effect.
Silly people who want a quick buck pile on, and the other bookies adjust their prices accordingly to reduce their exposure. The lower the prices fall, the more people believe it's true, and on and on while the bookies laugh and take the money of foolish punters.
I'll tell you what's happening:
Some clever fellow on Betfair lays odds on Redknapp getting sacked next, then starts rumours online to that effect.
Silly people who want a quick buck pile on, and the other bookies adjust their prices accordingly to reduce their exposure. The lower the prices fall, the more people believe it's true, and on and on while the bookies laugh and take the money of foolish punters.