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What exactly is a “rick”?

Gautama · 2019-01-15 18:24:34

Is it where the market has something over-priced or under-priced for no good reason? For example, an unbiased coin has been tossed 100 times in the past, and there have been 50 heads and 50 tails. If there is a book on one toss tomorrow, and heads is even money and tails is 10/11, is this a “rick”?

15-01-2019 7:24pm

#1

Gautama

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Is it where the market has something over-priced or under-priced for no good reason?

For example, an unbiased coin has been tossed 100 times in the past, and there have been 50 heads and 50 tails.
If there is a book on one toss tomorrow,
and heads is even money and tails is 10/11, is this a “rick”?

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Comments

#2 15-01-2019 7:45pm

famagusta

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My understanding is it is when the bookies have made a mistake, in your example if you said evens and 2/1, the 2/1 is an obvious 'rick'

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