Nice one Will. Martin mentioned your bet last night.
For those of you that don't bet or use Betfair 1.01 (or 1/100) is the lowest price that you can bet on the exchange. The price is offered usually on in running markets where the result is almost a foregone conclusion. Say for example a golfer leads by four playing the last hole or a driver leads by 12 seconds on the final lap of a Grand Prix. Yes it's all over. Or is it?
But as we saw last night and see on a daily basis in one sport or another these 1/100 shots do get turned over.
As I explained to Martin I do not know what the stats are but for every one that does get turned over there is probably 500 that win. On that game there was over £30,000 bet on Newcastle at the 1.01. Imagine the horror though if you are trying to play the system and you take a hit like that early. There is no such thing as a certainty.
I layed Usain Bolt for £200 to break the world 100m record at 1.01 a couple of weeks ago. But this wasn't during the final when he was streaking clear. No it was after the semi final when he ran 9.8 something whilst licking an ice cream and asking the other competitors to put up a deckchair for him! Someone had quite literally wiped out all of the money in the back column. Five minutes later I was able to back Bolt at 1.71 (roughly 8/11) when other punters offered a more realistic price. I think this was a case of someone getting a bit too excited and the itchy finger proved quite costly. Okay they won but not nearly as much as they should have!
As Brain Clough once said it only takes a second to score a goal. And I think it was fellow manager David Pleat that said it only takes a score to find a hole!!!!!
