6th January 2008, 12:40 PM
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Member
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Join Date: Dec 2007
Posts: 219
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My BetFair Lay Adventure
I won't have time to follow this closley today, so just thought i make my lay selections to see if they lose and so are successful for me.
I'll assume that my lay will be matched as the odds i will set will be at a premium to the tote odds (by 2.00 units). So this will attract a backer since its good odds for the selection. This is done so I could work out my potential liabilities and so calculate a p/l at the end of the meet. Liability limit is 100~ units. When I have more time, closer to the jump I'd set my odds based on what the history of trades has been so I know what the betfair market has been paying and set my odds accordingly.
tote = tote.com.au
Starting Bank: 1,000
Geelong
WIN only
Race 2:
8-The Lion King
8.50 tote / 10.50 betfair
Stake: 6
Liability: 63
Race 3:
10-Tan Jugah
12.10 tote / 14.10 betfair
Stake: 6
Liability: 84.6
Race 5:
1-Furious Dee
9.20 tote
11.20 betfair
Stake: 6
Liability: 67.2
Race 6:
6-Muzza's Star
8.20 tote
10.20 betfair
Stake: 6
Liability: 61.20
Race 7:
5-O'reilly Tycoon
15.20 tote
17.20 betfair
Stake: 6
Liability: 102.20
Total Liabilities: 378.2
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