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Letters: Paltry; Peter Trott believes spread firms should have more faith in their prices.

I WRITE to sympathise with Mr Stevens regarding his snooker 50-ups query (letters, May 3).

The spread betting firms do not appear to have faith in their own prices if they are out of line with the other firms.

Their prime concern seems to be arbitrage. This attitude of either scaling down bets or not giving the quoted prices is so annoying.

I find it worrying that Spreadex confirmed that bets totalling a paltry pounds 65 moved the 50-ups quote 70 points from 640 to 570.

I understand that the make-up was 532 giving them a loss of pounds 4,175 to their first 65 customers.

Peter Trott

Cheltenham
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Title Annotation:Sports
Author:Trott, Peter
Publication:The Racing Post (London, England)
Date:May 10, 2000
Words:109
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