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
  #111  
Old 19th December 2012, 02:35 PM
michaelg michaelg is offline
Member
 
Join Date: Jan 1970
Posts: 2,790
Wink

Correction - Mornington 4/10 is not a selection as it is resuming from a spell.

The Tele does not show this but Unitab does. I'm not having a good day.
Reply With Quote
  #112  
Old 19th December 2012, 03:50 PM
michaelg michaelg is offline
Member
 
Join Date: Jan 1970
Posts: 2,790
Angry

Another accident - Gawler 5/3.
Reply With Quote
  #113  
Old 19th December 2012, 04:00 PM
The Ocho The Ocho is offline
Member
 
Join Date: Aug 2010
Posts: 1,037
Default

Quote:
Originally Posted by michaelg
I'm not having a good day.

__________________
Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.”

― Earl Nightingale
Reply With Quote
  #114  
Old 19th December 2012, 04:25 PM
michaelg michaelg is offline
Member
 
Join Date: Jan 1970
Posts: 2,790
Wink

The method's still about $40 in profit.

I don't know if this is any consolation but laying them on the exchange would be showing an overall loss.

Hopefully today is just an exception and it can lift itself off the floor.
Reply With Quote
  #115  
Old 19th December 2012, 05:02 PM
The Ocho The Ocho is offline
Member
 
Join Date: Aug 2010
Posts: 1,037
Default

Hi MG. When you say laying them on the exchange, what do you mean by this? Aren't the prices at which you would lay say 10 seconds before the off roughly the same as the starting price?
__________________
Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.”

― Earl Nightingale
Reply With Quote
  #116  
Old 19th December 2012, 05:51 PM
michaelg michaelg is offline
Member
 
Join Date: Jan 1970
Posts: 2,790
Wink

Yes, the prices on the exchange and S.P. are almost identical.

However, on S.P. the horse is layed on liability.

If a horse's price is $10 it can be layed on the exchange for the minimum of $5 which means that if it wins the race the layer pays $45 to the backer.

However, on S.P. it can be layed for the minimum of $30. If the horse is beaten the layer gets about $3 ($30 divided by 10) from the backer, and if it's price is $300 the layer wins about $0.10 from a lay-bet of $30 ($300 divided by 30) but he can only lose the outlay of $30.

In other words, the layer nominates how much he can lose on S.P but on the exchange he nominates how much he can win.

If one is not familiar with laying S.P. it can at first be quite complicated.
Reply With Quote
  #117  
Old 19th December 2012, 06:01 PM
The Ocho The Ocho is offline
Member
 
Join Date: Aug 2010
Posts: 1,037
Default

Thanks MG. I do understand this and if laying with my bot you can lay to liability at a lower liability than SP - like $5 liability for example (but then you will eventually get banned if you did this).

What you're really saying there is laying at level stakes of $5 with then a variable payout.

as long as your still in front, that's the main thing.
__________________
Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.”

― Earl Nightingale
Reply With Quote
  #118  
Old 20th December 2012, 06:46 AM
michaelg michaelg is offline
Member
 
Join Date: Jan 1970
Posts: 2,790
Wink

A disasterous day yesterday.

There were three accidents from 45 selections for a loss of $70.18.

There have now been 10 accidents from the 474 selections for a profit of $30.81. The method's in front but sinking quickly, and if it goes into the red I might probably end it.
Reply With Quote
  #119  
Old 20th December 2012, 07:37 AM
The Ocho The Ocho is offline
Member
 
Join Date: Aug 2010
Posts: 1,037
Default

Quote:
Originally Posted by michaelg
and if it goes into the red I might probably end it.

Don't do anything too drastic like that. Just stop the system and try something else.
__________________
Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.”

― Earl Nightingale
Reply With Quote
  #120  
Old 20th December 2012, 08:12 AM
michaelg michaelg is offline
Member
 
Join Date: Jan 1970
Posts: 2,790
Wink

Hi, T.O.

That's what I meant. I'll presently continue it, and also am considering laying the TAB no.1 as per Unitab's ratings. I think I listed the rules here somewhere with the six selections for that particular day (10 Dec) for a profit of $8.50. On checking past results on paper, it seems to be doing quite well. The drawback is that there are not many selections, but if it is successful that's no big deal.
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 08:37 AM.


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