11th August 2006.
Winged Flight (Miracle System) came 1st, Molem (lay of the day) came
Off for a game of golf today and I know this probably sounds childish
but I am going to see Superman at the pictures (now where did I put
my suit!), I have been patiently waiting for the crowds to diminish!
Had lots of answers to Marks question about
"What is best for each way betting, the bookies or exchanges?
I will print one a day over the next week but here is the first one.
Re Mark's question on each way betting, I find the following the most
Sometimes you can identify a horse that will almost definately be
placed, but is very unlikely to win, (usually because of a banker
Traditional bookies only accept each way bets of equal proportions ,
therefore you have to write off the stake for the "win" aspect of the
bet, and ensure that the odds on the "place" aspect of the bet are
sufficient to cover that.
A bet at 5/1 will only result in a no profit bet if the horse gets
second or third place. In effect you are placing a No Lose Win Bet,
because unless the horse wins you will make no profit.
However, Betfair allows you to bet in any ratio you want. What I tend
to do is bet 2 units on the horse to win, and then on the seperate
betting market for the same race, bet 4 units on it to get a place.
If the horse wins, great: both bets win. However if it only gets a
place you lose your 2 unit win stake but collect on your 4 unit place
bet. At the 5/1 odds I used above, you will get 4 units profit on the
place bet, allowing you to write off the win stake of 2 units.
You are therefore 2 units in profit with method two, but would have
made no profit using the same stakes on method one.
If you were absolutely certain that the animal would not win, you
could refrain from placing the 2 unit win bet and would therefore
make 4 units profit on the place only bet, regardless if it came in
first, second or third.
Thanks Richard I am sure that answers Marks question.
But as I said there are a few more to come.
"The Deadly sins of Gambling"
New (test) Lay System..."Nags to Riches"
One win yesterday and one NR.
W = 64
L = 11
% = 82 (one loss kills this)
15:40 Lingfield, Divine White
17:10 Lingfield, Fantasy Crusader
Miracle System (win Bet)
20:30, Haydock, Chicken Soup
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"Best Lay of the Day" - Lay Betting System Bet
20:15 Newmarket Seamus Shindig (v4 Flat)
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o Todays sponser tip
Laying for Profit UK
Race 1: Worcester 2.20 Tip1: Wee Danny
Race 2: Worcester 4.50 Tip2: Aston
Race 3: Worcester 5.20 Tip3: War At Sea
suggested banking plan:
If we say that 1 pt = £50 or 1/40 of your bank then:
If the odds are up to 3/1 then bet 1.00pt
From 3/1 to 7/1 bet 0.5pt
If over 7/1 then bet 0.25pts
Laying for Profit UK
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Best of Luck
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