Quote:
Originally Posted by philcski
Actually 1.2 is 1/5 in decimal wagering- there is no such thing as .5 in decimal wagering. 1.01 would be the lowest possible- or 1/100. 6/5 would be 2.2 in decimal.
But he's even more of a moron because that's the current offer price and a completely useless number on its own. The current bid price is 50-1. There's absolutely no liquidity on anybody but Goldikova (only $9k matched so far on the market), who is currently 2.34/2.7 (so mid price of 7/5).
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If that is the case then Bray had it right. Bray said that Sidney's Candy is 1-5 at Betfair. He said the "horse is 1.2-1 which makes him 1-5."
I was thinking the same thing that most others were thinking. I figured that 1.2-1 was 6-5. If 1.2-1 is 1-5 then Bray had it right.
As you said, the number is meaningless if there's no real market. The same thing happens sometimes in the extended hours of the stock market. Sometimes you will see a $50 stock with a bid of $1 and offered at $1,000.