Hi, L.G.

T.O is correct. It can be confusing. I think some people are conditioned to the Exchange but not S.P. as it's not been available for all that long. They are two completely types of laying, and again it can be confusing.

I think laying horses that are fancied in the market would do better being layed on the exchange whilst outsiders do better on S.P. (as I do) - but that's just my opinion.