my bbi valuation / dbct sale flows, page-270

You might have a point there, betting the exotics ranged against the Befair market which only has a 2% tolerance might cut his losses to 2% and thus 4% would be profitable.

Hard to see the TAB continuing to pay the rebate as once it became known many would do it. He could start with a bank of 100k and build up over ten years to the numbers you suggest- Interesting!







I'm buying BBI for two reasons- large gap to beppa which will dwindle, BBI chases BBP and BBP is off an gone and still has many problems. Both beppa and BBP could come back to BBI, but I am banking on BBI going up to meet the other two. We'll see whether You, Towie or I am right over the next six weeks.