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Default Risk Premium for bookies

EI111 · 2010-08-10 10:58:56

Has anybody ever thought of this when placing a longer term bet. For instance, would you be equally happy to take 16/1 on a season long bet at Paddy Power as you would taking 20/1 at your local independent bookie who could be out of business by the end of the season. It's something I've often thought about and it has…

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10-08-2010 11:58am

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EI111

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Join Date: July 2008

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Has anybody ever thought of this when placing a longer term bet. For instance, would you be equally happy to take 16/1 on a season long bet at Paddy Power as you would taking 20/1 at your local independent bookie who could be out of business by the end of the season.
It's something I've often thought about and it has prevented me backing long term bets in independents in the past. All of them are still in business mind you...

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