Lays Of the Day Contest
 

As has been mentioned in another theme, there appears to be some interest in having a lays of the day contest, so happy to run one, if that's Ok.

Starting this Saturday 5th Feb, the rules are:

Lays Of The Day Contest
Two races each Saturday nominating between one and three horses in each race that won’t win.

Points awarded according to Official Starting Price based on betting to return $100 (100 points)

If that's Ok, start it this week, nominating one race in Melbourne (which will be the Lightning Stakes) and one in Sydney (which will be the Clissold Stakes).

how does the points work? the shorter the horse the better the lay?

Yes, that's right - laying a horse that SP's @ $3 and loses would score 33 points, while laying one @ $10 would score 10 points etc, so the bold score the most points, of course they also increase the risk of the horse winning which would mean they would end up losing points.

Good on you La Mer for running it. I'll be in.

count me in! you said points are lost for a win? what are the penalties for 2nd and 3rd and how long is this comp going to go for?

Just run on horses winning or losing @ this stage, so no penalties for 2nd or 3rd placegetters as that could all get a little confusing, so we will try & make it as simple as possible.

Points lost for a win will be 100 less the stake, so in the example I gave before of a horse @ $3 the points lost would be 67 (100-33) and in the the case of of a horse @ $10 the points lost would be 90 (100-10).

Hope that makes sense, but comes down to risk v. return - you can risk less by nominating a horse @ $10 but lose more should it win, in a similar manner as how the bookies operate.

yeah sounds good. im in

Great idea - i'm up for it!

What better way to get us all tipping winners !!!

I don't like the idea of nominating races. Just list your 2 lays for the day, no matter what the race. Must be the metrop races however.