14th December 2007, 11:40 PM
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Member
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Join Date: Jan 1970
Posts: 4,367
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Thanks Angry Pixie,
I know very little about it, as I've been hesitant to dip my toe into something so new.
From what you've written,it would be possible to back and lay the entire field for profit without the worry of fluctuations, but I suspect there will be loopholes closed once people get comfortable with it and identify opprtunities.
For myself, I've gone back to my old hunting ground of backing and laying the entire field for a profit. There is less risk and less bank required than trading and hedging and far less fluctuations in returns than backing or laying straight out.
What's interesting for me, is that the very high liquidity races I eek out around 2% profit, but on US races with very thin liquidity, I'm able to get 20% to 30% returns early.
It's great to have layed three quarters of the field and already be in profit, even if the other bets don't get matched.
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