New Addition

[Win2Win]

I've added a new catergory to the free page Late Info section.

Called the 'Golden Lay', it will be at least one bet specified as LAY for a win lay, or PLACE for a place lay.

I expect these to be profitable. UK racing days only.

Results will be listed on the 'systems' page. It is method, but no space anywhere else :)

[Street cry]

Thanks Keith can i stick these in with the falsies (spread sheet wise ) Or is a new spread sheet called for.

[Win2Win]

It'll only be one most days, so slip it in where it fits best.....Ooo

[Street cry]

He said

[mathare]

Fixed stake or fixed liability - what do you reckon Keith?

[presto]

good start

[Win2Win]

good start
Not for the owner :laugh

I'd go for FS, Mat.

[Sandman]

If I use this system, it will be my first venture into Laying(!).
Could someone advise the best way to go about these? Start with a bank.. . and stake how much?

[wb]

If I use this system, it will be my first venture into Laying(!).
Could someone advise the best way to go about these? Start with a bank.. . and stake how much?


Im going to use 4% liability on each selection

[wb]

Just to add.....

the problem with betfair, is that if you don't start with a larg-ish bank, you will have to get around the £2 min. bet thingy

[Sandman]

Oh I see. Or do I?
So if the selection is, say, 4-1, and my bank is £100...
Then I lay £1?

[sparkyminer]

If it's 4 on betfair then your stake is £1.33 but generally you're correct.

[Sandman]

Ah yeh... £1.33.
Cheers Sparky!

[wb]

Oh I see. Or do I?
So if the selection is, say, 4-1, and my bank is £100...
Then I lay £1?

If you decide to use 4% liability, this means you will have to pay out 4% of your bank for each winner. You can play around with this on betfair before you log on, to get an idea of the figures.

Using the 4/1 example:

That would be 5.0 on betfair. So yes, you would need to have the backers stake at £1. (there may be a problem with the betfair minimum here though)

Another example:

the horse is 7.4, and your bank is £120.

4% of £120 is £4.80,
so £4.80 is amount you stand to loose if the horse wins.

that would be a backers stake of 75p - again, this would be under the min. bet thing though



(Im not sure if 4% is a good figure or not, Im sure Keith will advise)

[Sandman]

Thank you.
The minimum bet thingy looks like it will be a problem!

[wb]

There is a way around it, but I don't think we are allowed to post it on the general forum

[wb]

Its probrally on google though

[sparkyminer]

It's a sticky somewhere.

[sparkyminer]

Offer to lay at 1.01 at minimum stake. Bet will be unmatched. Change stake to add your lay on top of minimum. Cancel original lay at minimum stake. Alter your remaining lay to the odds you require.:)

[Micky T]

You could always take a bigger risk to kick start the system and lay everything to win £2.00 with a cut off at 9.8,

which also makes it easier when starting.

[tophatter]

Thats what I would suggest. Fixed stake should be more stable too becuase more often than not your liability will be short of the maximum unless its right at your cut off. So I would say with a £100 start bank, laying to win £2.00 should be safe enough and if you leave that stake at £2 until you have trebled the bank the risk will go down as bank grows.

[wb]

What cut-off would you reccommend TH? I think somewhere around 9.8 as mickey said would be a good idea.

[mathare]

I'd suggest using 10 or 11. I use 11 as it keeps the number nice and neat, equating to 10/1

[tophatter]

I use 10 Wayne. Nothing to stop you using a lower cut off of 9.00 or even 8.00 if you want.

[presto]

i am going to 'assume' ( :rolleyes: ) that the odd's arn't going to be that high on the golden lays, so the cut off shouldn't come into play that much, especially if there are place lays.

[Iron Chris]

Great stuff with these... :spinning .. thanks.

[Win2Win]

Do these need fixing yet?