Racing quiz question

[mathare]

How many bookmakers are required to form a market at a racetrack?

[vegyjones]

One?

[Healio]

4 i'd say.

[mathare]

Nope, not 1 nor 4

[TheOldhamWhisper]

How many bookmakers are required to form a market at a racetrack?

It's a trick question - in most cases, the markets are formed by Betfair and the on course bookies adjust their prices to make a profit through trading (or is that just my cynical outlook on bookmaking?)

[mathare]

It's a trick question - in most cases, the markets are formed by Betfair and the on course bookies adjust their prices to make a profit through trading (or is that just my cynical outlook on bookmaking?)

It's not actually a trick question. There is a definition of how many bookies are required for a market and there is a chance that Great Leighs won't hit this mark on Sunday and thus won't have markets available

[vegyjones]

8?

[Win2Win]

20

[mathare]

Healio has been closest so far

[Win2Win]

They only changed it a few months back, in fact they've changed it 3 times in the last few years.

[mathare]

I'm bored so I'm going to give you the answer. It's three. Fewer than that and you don't officially have a market.

Great Leighs are cutting it fine but it is believed that Barry Dennis plus Ladbrokes and Coral will attend on Sunday

[Win2Win]

And we all know with builders quotes.....3 is enough to ensure no price fixing