Smartgambler
Pro-Punter

Go Back   OZmium Sports Betting and Horse Racing Forums > Public Forums > Horse Race Betting Systems
User Name
Password
Register FAQ Search Today's Posts Mark all topics as read

To advertise on these
forums, e-mail us.

Reply
 
Thread Tools Search this Thread Display Modes
  #11  
Old 30th November 2010, 12:32 AM
Bhagwan Bhagwan is offline
Member
 
Join Date: Jan 1970
Posts: 2,428
Default

My selection is the one on the left.

Betting to fixed Liability is the safest way to lay because its the closest version of level stakes betting as in win only betting.

If one wishes to place the same amount on each selections , one has to know what the max acceptable price one is going to accept .
Once we know what the max price is , we now convert this to fractional odds & divide this figure into say 5,7 or 10% of bank & this becomes your fixed outlay amount.

Example.
Max odds 9/1
10% Bank Liability
$1,000 Bank.

$100 / 9 = $11.11 flat Lay bet on all selections regardless of price up to $10.00.
With this approach , we are assuming the shorter priced runners will win more often than the longer priced runners, therefore reduced Liability exposure.

The lay method I currently use is now on success number 132 in a row , using a program I have written.
I use Variable Stakes Liability to Bank set at 33% of bank.
__________________
Cheers.
Reply With Quote
  #12  
Old 30th November 2010, 08:08 PM
Dale Dale is offline
Member
 
Join Date: Jan 1970
Location: Bundy
Posts: 292
Default

Quote:
Originally Posted by wesmip1
Personally I take the 300 selections (ie the extra filters). The reasoning is as follows (feel free to disagree):

1. My risk tolerance is very low. I want to be 99% confident the horse I bet on will win and 99% confident the horse I lay will lose.




Excellent point,people need to find what works best for their personality.its like a profitable but very low action long shot method,sure it looks good on paper but the run of outs and damaged bank that comes with betting it in reality brings most people undone.

Its not always about the pot sometimes it should be about the betability.

Last edited by Dale : 30th November 2010 at 08:11 PM.
Reply With Quote
  #13  
Old 30th November 2010, 08:29 PM
Dale Dale is offline
Member
 
Join Date: Jan 1970
Location: Bundy
Posts: 292
Default

Wesmip1 im still looking to get in touch with you re my class ratings,know your busy but if you got a minute drop us an email at go the halatau at hotmail dot com.

Cheers
Reply With Quote
  #14  
Old 3rd December 2010, 08:32 PM
wesmip1 wesmip1 is offline
Member
 
Join Date: Sep 2005
Posts: 1,601
Default

sorry Dale I don't frequent here too often. Probably only stop in once a week.

I'll send you an email tommorrow.
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump



All times are GMT +10. The time now is 10:21 PM.


Powered by: vBulletin Version 3.0.3
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
©2008 OZmium Pty. Ltd. All rights reserved . ACN 091184655