Lay the field

[Crueser]

I came across quite a different approach to laying the field as to what is the norm.
I stumbled across this by chance while browsing, I would appreciate any feedback and, is this system and more importantly the mathematics possible?

The regular approach to laying the field is at a set price covering all runners, preferably below evens in the hope that two or more reach those odds thus giving us profit over 100%.

With this quite different method you would first lay the entire field at lets say 1.3, submit your bets and keep in running.
You would then submit on the same race 1.7, 2.1, 2.5, 3.1.

each time you submit bets you have a set liabilty covering all bets and all prices, ie £10 each time you submit.

The theory is we will have many bets matched almost certainly achieving over 100% unless a horse speeds out from the off and wins easily.

I really would appreciate any comments, I have tried in vain to research this theory any further, my main concern is would all bets be considered part of the same race or would they be counted as seperate, ie 2 horses under evens, 3 horses between 2-3.
Of course I,m hoping that someone is going to tell me that the matched bets all count towards a final percentage.

[Dolus]

I haven’t really got a clue about what you are trying to achieve

If you want to lay all horses in a race as long as the odds converted to percentages total more than 100% then you can make a profit.

If you can put up bets on all runners at odds on and get them all matched you will be quids in.

The next part about putting up additional bets I don’t get at all. Are you putting these up after the initial bet gets matched or because the original bet cannot be matched in which case just cancel the original bet before putting up the new one.
(Needs further explanation.)

I have tried in vain to research this theory any further, my main concern is would all bets be considered part of the same race or would they be counted as seperate, ie 2 horses under evens, 3 horses between 2-3.

When you place bets on Betfair they are in timed order so they get matched on a first come first served basis, so each is separate. On the other hand a horse race is considered a market so if you have multiple bets your losing bets are subtracted from your winning bets. This leaves either your profit (minus commission) or loss on the race

[Matron]

This might help you:-

http://www.sportismadeforbetting.com/20 … -baby.html

I have played around with this in the past but, you can get burned quite a few times and this wipes outs the previous profits.

Regards

[Crueser]

This might help you:-

http://www.sportismadeforbetting.com/20 … -baby.html

I have played around with this in the past but, you can get burned quite a few times and this wipes outs the previous profits.

Regards

Yes thanks matron, thats exactly what I was trying to explain, Ive just had a quick look through the timeform stats and your right,on most occasions spreading lay bets across various prices works most of the time, its that 25-1 outsider that romps home from the off that messes things up.

Would you happen to know the payout on the sucessful trades and how they work using the lay dutching method ?

Thanks

[Matron]

Sorry, no I haven’t.

I saw a video on "YouTube" that was describing putting "In-Play" bets at various prices, this will give an idea of what you can do:-

http://www.youtube.com/watch?v=LjwY7u_BK5E

Regards

[Crueser]

Have just checked various meetings on timeform, inparticular looking for the biggest win margins in terms of odds in running, so far the biggest margin between the winning horse and the nearest is 4, in other words the horse that won finishes at scratch the nearest in terms of odds was 4.

It seems to me to insure against a big loss at the two extremes of our odds selection we ensure we have 100% = break even at worst.

1.3 = 77%
4 = 25%

= 102%

our odds selections would be 1.3, 1.8, 2.1, 3, 4

I will continue to check data from timeform, maybe the final odds selection may have to go up slightly.

Thanks

[mr forecast]

this is already sold as a system, which i am trying to dig out, its called betfair horse power

warning, if all the bets are not matched you will lose big time

the idea is to bet above the odds, you use a table which shows you by how much each odds need to be upped by and as long as all the bets are matched you will make a profit

i tried this for several months and it does make some great profits but it all depends on the horse going up in odds and if this doesnt work and 1 horse is left with a huge liability and wins your buggered

i have loads of screen shots of this system if interested

it is the same theory as what you are trying to achieve, i would be careful of laying horses at such low odds as only a small percentage of the field will ever go that low, and to have a horse below evens is extremley risky

get your self racingtraders software so you can test your method with small 10p bets until you are happy with the outcome, betfair alone will cost you 2quid a bet

[Matron]

Making a book is fraught with dangers – as, pointed out there is always one selection that sometimes won’t get matched!

The "Gruss" software is lot cheaper then "RacingTraders" and will do the job just as well.

Regards

[Crueser]

this is already sold as a system, which i am trying to dig out, its called betfair horse power

warning, if all the bets are not matched you will lose big time

the idea is to bet above the odds, you use a table which shows you by how much each odds need to be upped by and as long as all the bets are matched you will make a profit

i tried this for several months and it does make some great profits but it all depends on the horse going up in odds and if this doesnt work and 1 horse is left with a huge liability and wins your buggered

i have loads of screen shots of this system if interested

it is the same theory as what you are trying to achieve, i would be careful of laying horses at such low odds as only a small percentage of the field will ever go that low, and to have a horse below evens is extremley risky

get your self racingtraders software so you can test your method with small 10p bets until you are happy with the outcome, betfair alone will cost you 2quid a bet

Hey thanks, yes would be very interested in any info you have, very good of you.
I,m now looking at laying at just two prices, 1.15 and 4.5ish, depends on the price of the favorite, as long as the book is over 100%, although reading some comments about bets not being matched defeats the whole object.

Thanks again

[Author]

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