Opportunity - Head Trader

Countrymember wrote: I thought it was illegal to trade heads.......but then in Africa anything is possible.... :sick:




P.S If theses heads are sold per KG then quite a bit of money to be earned..

It's not the normal sized heads but those heads which have been shrunk by some tribe in Malaysia or wherever.

Mac wrote:

Countrymember wrote: I thought it was illegal to trade heads.......but then in Africa anything is possible.... :sick:




P.S If theses heads are sold per KG then quite a bit of money to be earned..

It's not the normal sized heads but those heads which have been shrunk by some tribe in Malaysia or wherever.

those heads will make a fine main course for the Korowai tribe of south-eastern Papua where cannibilsm still exists. Ouch.

Rob re "making a book"
I think that pricing up is one aspect let's say 116% at the off? Would be fair for both however the problem comes with actually filling the book with cash/bets invariably this only happens in big races eg the July where a proper book can be made, but in a normal maiden at the Vaal is basically meeting the fav or a few fancied runners head on as no money for other runners to do a proper balanced book

That's my opinion

Sorry I got sidelined

As far as trading yes lay an even 10 grand then find someone to give u 10000/8000

It's an easy game when can I start

Dave Scott wrote: Sorry I got sidelined

As far as trading yes lay an even 10 grand then find someone to give u 10000/8000

It's an easy game when can I start

Dave , I am aware that very few ,bookmakers ,except for a few big ante-post races a year,can make a book,per race, as such!
The bigger bookmakers with more branches UNDER THE SAME SHAREHOLDING will find it much easier(if they are franchises ,or varying shareholding,then they should be participating in a "group"risk equalisation fund.

There are no businesses that benefit from reduced incomes so to restrict punters is the simple and dumbest way to cap liabilities(like a retailer preventing shoplifting by not letting any customers in the doors)
I was in the short term insurance industry all my life ,and had a bookmakers cubicle for a while(although this was more hobby than investment-I never ran the cubicle) but the spreading of risk and capping liability works on exactly the same principles (and insurance companies do not strategise to get smaller, to achieve that)
It is not really complicated but too much to try and explain in a post on a forum,but if you can't make a book within your field sheet ,it becomes necessary to trade,including arrangements with other bookmakers as partners, to spread the risk!
The insurance industry uses a reinsurance market and a similar model could probably work for the bookmaking industry!
I am assuming(I may be way off on the role) that this "trading" job could be more correctly described as a "risk" manager!

I don't know if it's the same in South Africa (hopefully not), but in the UK all you need to be a horseracing trader these days is the ability to watch the betting exchanges for hours on end without falling asleep. You don't need to know anything about betting percentages or how to compile a book. In fact, many bookmakers prefer it if you don't.