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I wonder how many there are like me? I am retired but use the exchanges to provide a second income. I spend many, many days on  research, and have done since starting on the Flutter site. I approach my ‘business’ purely on a retailing basis, that is, I buy and sell ‘stock’ to make a profit.  On the other hand I am a life-long punter who loves racing; but my gambling I keep to pinmoney. Knowing your limititations is everything IMO.
                Scipio
Just as a bit of fun i’ve checked out ‘crazy’ system from the laying point of view.  Twenty eight days of racing taken at random – nineteen days produced three qualifiers of which seventeen lost the four bets involved. The two losing days meant a payout on two doubles – £25 to £ stakes.  Therefore £68 won less £25 =£43 profit.  Crazy eh?<br>                     Scipio
Ian,<br> Why not? It’s only a matter of calculation from one race to the next. A layer doesn’t need a multiple bet facility on the Exchange to take on such bets. I suspect, however, that we are digressing from the theme of this thread; and that the ever optimistic punter will always search for the perfect system. Good luck to them.
Ian<br> I think you are correct when you say there is more to laying than the bare stats. However, how would you feel as an ex-bookie, for instance, laying this crazy system: <br>take the first three runners in separate races who’s name begins with an s, as long as they are under 4.1 in the betting, back them in three doubles and a treble.
Ian, <br> It’s not a matter of mugs on the exchanges. The premise is that if systems lose money backing, they must win money laying. I’m aware that this is a simplification and that prices, commission etc. come into any factoring; but surely those same factors apply when backing?
It seems that the majority of punters agree, often through painful experience, that systems will lose in the long run. Therefore, the opposite should apply, that is, if you take a variety of ‘mug systems’ operate them to lay on the exchanges you should make money. What do you think?
