6th February 2016, 04:17 PM
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Member
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Join Date: Sep 2011
Posts: 1,474
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Quote:
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Originally Posted by The Ocho
Thanks UB. Can you please explain point 3 above? (At the commencement of the first race in the quadrella you lay the 2 selections + $50 profit.)
Can you give a working example as if you are trying to win $50 laying, say, a $5 horse you would be losing $200 just on that one horse.
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Exactly as Shaun said. Lets use Doomben:
I want $50 profit. So I am laying $50 + cost of Quaddie in first race which is Race 5. So we lay 3 and 14 at Doomben.
Number 3 = $8,60 on betfair.
Number 14 = $3.45 on betfair.
Lay 3 for ($50+$128)/(1/8.6/(1/8.6+1/3.45)) = Lots of maths but basically this is saying find the percentage I need to lay on number 3 out of the $178 liability = Laying 29% of the amount on Number 3 = 0.28*178 = $49.84 (Round it to $50).
Lay number 14 the same way but 71% = 0.71 *178 = $126.
Number 3 one this race. So overall our loss on the race was 8.6*50 = $430-(50+126) = $254. Add this to our outlay already of $128 and we are down $382 after the first race.
I'll post Race 2 after its run and I've checked the odds on betfair.
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