Hi all, would love to hear your thoughts/feedback on the below F/O market manipulation.
23/04/24 M47 R9:
#1 was a clear top pick, everyman and his dog had it on top
F/O Flucations: (Sportsbet shown, TAB disappear after race but all very similar except the late crunch in on the #1 runner)
#1: $1.15/$8.5/$8/$7.5/$1.17/$1.16
#2: $17/$9/$10/$11/$41
#3: $31/$2.37/$2.25/$2.37/$36
#4: $21/$9/$10/$9/$17
#5: $10/$13/$15/$13/$9
#6: $13/$2.87/$2.75/$2.87/$8.5
Betfair was trading consistently around the $1.30/$1.35 mark on #1 and BSP was $1.34.
Personally I'm really concerned this is being allowed to happen by the TAB, and I would have expected safeguards to be in place to stop this sort of shenanigans from being undertaken? Or is this just a case of them allowing this because they are taking there percentage/cut either way and getting paid?
A few further questions/points of view: Firstly, worrying how easy this appears to be to undertake, particulary in the smaller pools. Secondly, I wonder how often this is happening?
Full disclosure, I jumped onboard at the $8 once I realized what was happening, and have now successfully completed withdrawing the winnings.
"If you can't beat them, join them"