I don't know what your lays are and assumed 1 per race.
4 lays x $999 = $3996 risk.
More than 1 per race obviously reduces the risk. And if you're getting a rush from laying then you're in trouble. My opinion only.

I do concede that your strike rate is commendable.

Onya MG. Goodluck with it.
RP

Mark, I now know you mean a total liability of $3996m to win a paltry $22.

Today's smiles were very small which is not unexpected, however every now and then up pops a horse that is fancied in the market. To me it's the strike rate that has been the method's winner.

Just read your posting - again thanks for the good wishes, and hope the many filters continue to prove worthwhile.

I'll be checking your selections so there's no errors. With that sort of liability do you foresee any difficulty getting your order matched?
Cheers RP

MG I notice you skipped the Devils number 666 and went straight to the next level. Way to go.
RP

Hi, RP.

Thanks for checking the selections.

No, I don't think I'll have any problems with getting my bets matched because they are layed S.P. About a year ago I layed two horses each for $10,000 S.P. to see if there would be any problems being matched - there wasn't and fortunately they were beaten. I'm under the impression Betfair matches (or they arrange) for S.P. bets to be matched.

In general you are right. If you go and try to lay at SP for $10,000 and there is only $4K being bet on SP then they are going to look at the exchange to work out how to price the SP odds for the horse. If there was $2K at $100 and 2K at $500 and then $2K at $800 then your SP price is going to blow out to the $800 mark.

It all depends on liquidity. The more you lay the higher the price will be that you lay at. Its kind of like the tote but not quite as severe.

Mind you 10K to lay at $200 is only $50 for someone to bet so I am not surpirsed you can easily lay the $10K.

As mark posted MG, at a ratio of 20/4000, your risk reward is way out of whack, but there's no denying that the method is holding up, so hats off & upwards & onwards, we are here to gamble afterall.


Just don't forget to breath

Hi, U.B.

When I had my $10,000 Lay bets I looked at the Exchange when each race began. There was little difference between the Buy and Sell Price which is normal but the S.P. price also was on a par with the Exchange. Maybe I was just lucky there was suitable liquidity.

Today's selections:

Canterbury
3/5
6/5

Ascot
1/6
6/12
8/14, 17, 18
9/9

Launceston
6/8, 12


Hopefully I've got them right and that there are no accidents.