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26th September 2008
Todays ramblings
Good Morning.
We have the first night time F1
GP this weekend from Singapore which should prove to be exciting...let us hopw
anyway!
Hamilton could do with winning
this one. From Darren Power at the
Betting
School
Should you let your bets run or close out when a profit can
be made.
I was chatting with a very succesful bettor the other day and
we were arguing about the merits of closing out on bets where your horse is
doing well in running.
EG you have bet a horse at a big price say 7/1
and it is looking like a winner and now trading odds on in running, should you
lock in a profit or let it run and hope for the win.
The argument for
each case is something along the lines of...
Close out - the horse
might not win and its best to take a profit!
Let it Run - If you are
selecting value bets that are profitable over the long term then when you close
out too early you sacrifice some of the profit.
Today I don't want to
get into a big discussion about which is the best strategy but instead I
thought it would be more useful to share the quick and easy calculation for
working out your stake to get an equal payout whatever the result.
So
as an example lets say you have backed your selection at 8.0 for a £50
stake and its now trading at 2.3, you want to know how much to lay at 2.3 to
make the same profit whether your selections wins or loses.
To get the
stake you just divide the total return on your back bet by the lay price. So in
our case that's (8.0 x 50)/2.3 = 400/2.3 = 173.91. So our lay stake is
£173.91.
Enter the stake into Betfair and place your bet and you
will have an all green screen for £123.91 (which is £173.91 -
£50)
If you prefer to see this demonstrated in a video you can
find a video on the Betting School website
(MAL - check the video also
on my blog)
http://www.horseracingsystemsuk.com/blog/
Darren
Power is the Editor of the Betting School Insiders Report you can register for
a free sample issue at
http://www.laybetting.com/go_bet-school.htm
Of
course GHB can do
this automatically for you as well!
I hope you have enjoyed this weeks
rambles and I hope you have a great weekend.
Guest Selection
("Laybackracing")
Brian & Graham are sharing their selections
for a couple of weeks. Their aim is to make 12pts profit a month on the backs
and 1pt profit a day using "stop at a winner" on the lays.
http://www.laybackracing.co.uk/backs.xls
http://www.laybackracing.co.uk/lays.xls
Also
check out their daily blog.
http://www.laybackracing.co.uk/blog/
Lays Results
http://www.laybackracing.co.uk/data.asp?sys=1
Back
Results
http://www.laybackracing.co.uk/data.asp?sys=2
Lays
Race: 1555 Ascot
Tip: Crstal Capella
Points Value: 1
Race: 1630 Ascot
Tip: Mawatheeq
Points Value: 0
Race: 1725
Hayd
Tip: Isphahan
Points Value: 0
Race: 2020 Wolv
Tip:
Kingsholme
Points Value: 0
Backs
Race: 1400 Hayd
Tip:
Fesko
Points Value: 1
Comment for this tip: Early bf 3.65
Race:
1425 South
Tip: Scots Dragoon
Points Value: 1
Comment for this
tip: Early bf 3.75
Race: 1435 Hayd
Tip: Keep Dancing
Points
Value: 1
Comment for this tip: Early bf 2.88
Race: 1510 Hayd
Tip: Sunniva Duke
Points Value: 1
Comment for this tip: Early bf
2.26
Race: 1620 Hayd
Tip: Stringsofmyheart
Points Value: 1
Comment for this tip: Early bf 2.68
Race: 1920 Wolv
Tip:
Standpoint
Points Value: 1
Comment for this tip: Early bf 2.14
Race: 1950 Wolv
Tip: Reine De Violette
Points Value: 1
Comment for
this tip: Early bf 2.72
Guest Selection ("Good to
Lay" ) started 27/08/2008
There is only one rule: If the NR
reduction factor is 10% or more (check the "Rules" tab to the left of the
market) on the market then it is a "No bet". Because of this, it is obviously
better to bet nearer the off.
http://www.horseracingsystemsuk.com/Good-To-Lay.xls
(Mal
- The author will send me a new updated sheet once a
week)
Yesterday.
3.10 Font: Sternenzelt EP 40 6th
33/1
Today's. 4.20 Hay: Bocciani EP 990 !!!!
Sponsors of the day
("Products and Tips for you to look at.")
Sponsor product
of the day (please take a look you never
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Sponsor Tip of the
day.
Sorry no selections today.
Best Lay of the Day ("1 Lay
a day from my Lay betting System")
Yesterday.
No
Nap
Today: 16.30 Asc, Mawatheeq
Please Note: The lay betting
system is actually 4 systems in 1 and I will choose one of the selections for
this tip.
You can purchase the system formula:
http://www.makeyourhorseracingpay.co.uk
Please Note: I do not keep records of this tip, I just want to show
readers how good it can be but part of learning should be to watch what a
selection does daily.
You can also have this tip delivered as content
to your own website.
Click here
to find out more.
Back test system ( "A 'back'
system that I came up with a while ago")
This system is available
as part of The Pro Betting Systems e-book.
http://www.horseracingsystemsuk.com/go_pbs.htm
Yesterday.
15:30, Pont, Caster Sugar 2nd 9/2
Today.
15:20, Asct, Pennys
Gift
Remember this is just a test and we are paper
testing "backing" these selections.
Other Information (" Here
is some other info that should help you")
I Prefer
betfair.com
"The Deadly Sins of Gambling" (make sure you check these
out)
If you need help about anything please go to my
support site.
If you
haven't joined Betfair yet then when you do enter the code 7TUN3TCFP
this will also give you £20 when you have reached 50 betfair
points.
You can automate your betting with
GHB.
http://www.greyhorsebot.co.uk/
Please tell your friends about
this daily tip and pass on my URL
http://www.horseracingsystemsuk.com
Have a good days
racing.
Malcolm
Malcolm@horseracingsystemsuk.com
http://www.laybetting.com
http://www.horseracingsystemsuk.com
P.S. How about something different...
Also check my blog
here
We make every
effort to supply high quality tips, but we cannot be responsible for any losses
incurred by any persons using these tips or any of the information
provided.
This tip is provided FREE and in good faith. It can stop or
start at anytime, the sponsor of the tip can change at anytime.
You
can use it on your website but all links must be kept in place.
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