That is poor bookmaking and risk management. You clearly not from this industry so you wouldn't understand.
So a bookie lays teams at 100-1 and betback at $2.8? That's just stupid.
If you can't afford to do the offer, don't do it.
1. Melbourne cup hedge is just silly. It's Melbourne cup for crying out loud. The odds are in your favour.
2. Panthers could have been hedged inplay which they could have but betting back panthers at poison odds is just stupid.
That is poor bookmaking and risk management. You clearly not...
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