Sport is made for betting

Has someone been having a go at manipulating the betting markets over the last 24hrs? Several UK bookies have suspended the book on Next Premier League Manager to Leave after substantial backing for Harry Redknapp starting last night. The man himself denies it, which doesn't mean a lot considering when he outright denied he was going to Portsmouth in a press conference as Southampton manager a few years ago, whilst the price on him getting the job was getting smashed on Betfair, allegedly by people he knew rather well.... But this one doesn't make a lot of sense, unless there's a lot going on behind the scenes. We saw a few weeks ago where market manipulation was the sole reason behind a massive plunge on Rafael Benitez leaving and Franck Ribery heading to Anfield . It seems that here, some guys with plenty of money to splash around have tried to skew the books by backing Redknapp from any old price into single digits before the market closed, almost certainly creating arbi...

Chelsea and Portsmouth are managerless. Bring on the chaos that is the Next Manager Market! These markets can be absolute gold mines, but also very dangerous. As is the nature of them, the markets will fluctuate heavily based purely on rumours. People will put two and two together and come up with seven. ALWAYS be aware that humans make the decisions to interview, hire etc, and information always gets out. The worst case of this was when Harry Redknapp went back to Portsmouth - he held a press conference saying he wasn't leaving Southampton, meanwhile his price was getting hammered on Betfair. Watch the market constantly - if the market isn't behaving according to normal volatility. The best manager markets are the ones which last a few weeks or longer, however I doubt this time that's an option - unless caretaker managers are appointed until the end of the season, which are NOT counted by betting firms. The Spurs manager job when Jacques Santini got it (2004) and the Irela...