Assertion: bookmaker | /r/CapableOf | alter price
Facets:
value: on the opposition
type: TRANSITIVE-OBJECT
value: slightly
type: MANNER
value: each time
type: TEMPORAL
value: away from market efficiency
type: OTHER
value: in favour
type: PURPOSE
value: for the in-built margin
type: PURPOSE
value: intentionally
type: MANNER
Source sentences:
text: A bookmaker will first of all price up the "real" chance of an event i.e to 100% and then alter the prices for the in-built margin he has established for the type of event.
text: Alternatively, we could speculate that bookmakers are intentionally shifting prices away from market efficiency in favour of pursuing interests of their business models.
text: Each time they changed the price they had to rub the old price off.
text: Instead a bookmaker moves his prices slightly so that he might get more bets on Murray than Nadal.
text: To do this, the bookmaker will increase the price on the opposition to make the price more appealing to punters while shortening the price of the runner which has been well backed in an attempt to discourage further investment on that selection.
text: This means that there are often plenty of arbitrage bets available in the last 5 minutes before a race as bookmakers are sometimes slow to adjust their prices in line with the rest of the market.