18th May 2012, 09:39 PM
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Member
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Join Date: Jan 1970
Posts: 4,431
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beton,
Just about anything can be automated if one is prepared to get the right software or write it.
I agree with Mark, it is all out of whack. From all the data I have,
you'll do your bank in no time. With Mark's approach, the price of the favourite is lower than the SP usually because of the book percentage he makes.
Don't make the mistake of thinking if the favourite is the worst way, you'll automatically win. It entirely depends on the price you get for the exposure.
I would suggest you need to think of price brackets rather than individual selections. This can be automated and the data tells me if blindly laying favourites you will lose without somehow pushing the percentages.
There is a blind edge, but it takes work to get it.
Get the SP data and go through it as if you were laying to liability.
eg liability divided by (price-1)
You'll soon see there are distinct areas that provide profit and distinct areas that eat it up again. So you end up with a 1% edge which is a rollercoaster.
Find the areas that eat up the profit, and you'll have a smoother ride.
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