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Monte Carlo and so nearly bust for Federer and his Betfair backers

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World number one goes from [1.01] to [15.0] and back again in rollercoaster ride of a match

Roger Federer nearly cashed in his chips at the Monte Carlo Masters today before grasping victory from an almost impossible position against Ruben Ramirez Hidalgo.

Federer was backed into odds of [1.01] on Betfair after seizing the first set 6-1 but the wheels came off the Fed Express afterwards as his price took a rollercoaster ride on the Betfair match odds market.

At 5-2 down in the third set, the world number one was backed for £180 at [15.0], with his Spanish opponent - available at [100.0] after the first set - down to [1.05] on the exchange.

But the pressure clearly told on Hidalgo who couldn't close out and eventually went on to lose on a tiebreak.

Federer has been backed at a high of [40.0] on the win market but now trades as the [7.4] second favourite behind Rafael Nadal, who is available to back at [1.76].