Betfair Trading Glossary

Palp- Palpable Error – If a bookie displays odds that are obviously incorrect, they can claim it is a palpable error and void any bets placed at that price. (E.G, they offer odds of 10 for England to win when every other bookie is offering odds of 1.5. It’s clearly a mistake). Another reason for movement on the betting line will be the sharp bettors, those professional players who may hold off to the last minute and bet against the public opinion. Read More »