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Author Topic: Laying Them On Betfair  (Read 3534 times)

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Offline Bundy

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O.P. « 2009-Feb-07, 08:36 AM »
Saw on another thread Arakaan and Wenona talking about the way we should lay runners to a proportion of our bank....okay, I have 300 bucks to play with.....what are your suggestions on how much I should risk with each lay?...and as my bank grows/decreases....is it a set % each time....?....all thoughts welcome :p

Offline Bundy

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« 2009-Feb-07, 08:39 AM Reply #1 »
and...the other thing I have been doing of late is BACKING the same runner I have layed when the back odds surpass my lay odds....regardless of how miniscule my profit may be.... :p

shane

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« 2009-Feb-07, 08:41 AM Reply #2 »
ive heard burdekin blues is a good lay put your 300 on him   emthup

Offline Bundy

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« 2009-Feb-07, 08:45 AM Reply #3 »
Harden the  :censored: up ...and be constructive to my bank.....I dont want it to implode with one bet :p

shane

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« 2009-Feb-07, 08:57 AM Reply #4 »
  :lol: youll thank me when he doesnt salute the judge  :lol:

Offline arakaan

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« 2009-Feb-07, 09:00 AM Reply #5 »
Saw on another thread Arakaan and Wenona talking about the way we should lay runners to a proportion of our bank....okay, I have 300 bucks to play with.....what are your suggestions on how much I should risk with each lay?...and as my bank grows/decreases....is it a set % each time....?....all thoughts welcome :p

you need to re read my post.  ;)

Offline Bundy

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« 2009-Feb-07, 09:01 AM Reply #6 »
Would have...but couldnt find it...lets do it all here...again...dedicated thread.... :p

Offline arakaan

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« 2009-Feb-07, 09:04 AM Reply #7 »
my advice was simple. Most people lay to win a certain amount. This is the wrong way to do it.

you should lay to lose a certain amount no matter what the odds are of the lay.

that might be $100, $200 or % of your bank whatever. whatever you feel comfortable doing.


Offline Bundy

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« 2009-Feb-07, 09:06 AM Reply #8 »
Okay, Im a fumbduck....why is a set amount the wrong way :p

Offline Tevez17

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« 2009-Feb-07, 09:22 AM Reply #9 »
I'll be on Burdekin Blues so it'll probaly be a great lay, horses don't seem to be able to carry the weight of my little bets!   :lol:  

Offline Wenona

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« 2009-Feb-07, 09:46 AM Reply #10 »
Bundy, what araakan suggests is the set way.

What you're actually doing when you lay is taking odds on a horse will lose. (Usually).

Your bet is actually what you risk.  The way to best maximise your return and control your risk of going broke is to regulate what you risk on each race. If you bet to win a set amount your risk (investment) will vary wildly from race to race.

What you should risk per race out of a $300 bank will depend on how aggressive you want to be. If the $300 was the entire amount you could risk and you were taking a long term view, I'd suggest you risk say 12% ($36) on each lay. You may want to be ale to lay the one's you think are massive unders for a bit more, say 16.7% ($50).

The other thing I'd say is don't be afraid to lay a winner. By this I mean if you lay horses that are unders but still well in the market, you are going to lay winners regularly. You are after a profit on turnover, and laying those shorter ones will give you good turnover with a more stable margin. if you only lay longer priced runners at big odds, your turnover will be low and one winner will have a bigger impact.


As you've started a specific thread, I'll attach the worksheet again here.

[attachment deleted by admin]
« Last Edit: 2009-Feb-07, 09:50 AM by Wenona »

Offline Bundy

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« 2009-Feb-07, 10:53 AM Reply #11 »
Many thanks Wenona....I think I'll start with 10% of my bank simply because it is so easy to work out...I'll see how I go and post my results later this evening. 8-)

Offline allhigh

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« 2009-Feb-07, 11:15 AM Reply #12 »
  back high, lay low is the way...........
 and lay 2 or 3 if poss.

Offline OldLarsy

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« 2009-Feb-07, 07:00 PM Reply #13 »
How'd ya go Bundy? hope you didn't take Shane's advice   :lol:

ive heard burdekin blues is a good lay put your 300 on him   emthup

Offline Bundy

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« 2009-Feb-07, 07:03 PM Reply #14 »
heeheee...fortunately not....made 120 on the day and was happy with that for a starter :p

Offline OldLarsy

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« 2009-Feb-07, 07:04 PM Reply #15 »
Good stuff mate, did you predominately lay and stick to the 10%

Offline Authorized

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« 2009-Feb-07, 07:06 PM Reply #16 »
What price is STOX AND BLONDES in the last at Toowoomba OLD LARSY on Betfair ?

Offline Bundy

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« 2009-Feb-07, 07:09 PM Reply #17 »
All the way OL....all the way.... :p

Offline Hamish Crayfish

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« 2009-Feb-07, 07:12 PM Reply #18 »
Currently 9.00 nothing traded

Offline calgary

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« 2009-Feb-07, 07:17 PM Reply #19 »
What price is STOX AND BLONDES in the last at Toowoomba OLD LARSY on Betfair ?

Should we be laying it?

Offline Hamish Crayfish

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« 2009-Feb-07, 07:18 PM Reply #20 »
I laid the first fave at Wenty to win $50 (got rolled) and the the second fave (ran 2nd). I have a bit of paperwork tonight so won't be able to look at the fields that well, so have decided to lay someone's tips all night to lose $50 approx each race. Had a look at a Wenty thread and saw my tipster (sory to forumite involved, no offense) as he had tipped the first two things I laid

The third tip got up but I an about $2 in the black so far. Here are the things I am laying


1-1  Rolled   :biggrin:
2-6  Rolled   :biggrin:
3-6  Won     :sad:
4-8- Rolled   :biggrin:  laid at 2.2 for an $42 earn
5-1  Rolled    :biggrin:  laid at 3.5 for a $20 earn
6-8  Rolled    :biggrin:  laid at $1.75 for $67 earn
7-2  Won      :sad: did $50
8-2  Won      :sad: did $50
9-6
10-5

« Last Edit: 2009-Feb-07, 08:52 PM by Hamish Crayfish »

Offline gratlog

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« 2009-Feb-07, 07:20 PM Reply #21 »
They are just Unitab picks H.  Will add a bit of fun to the night.  emthup

Offline gratlog

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« 2009-Feb-07, 07:21 PM Reply #22 »
In race 4 I have taken 4 and 8 so does that change things for you?

Offline OldLarsy

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« 2009-Feb-07, 07:22 PM Reply #23 »
What price is STOX AND BLONDES in the last at Toowoomba OLD LARSY on Betfair ?

$10, up to 12.50 matched

and hope you're not on
« Last Edit: 2009-Feb-07, 07:24 PM by OldLarsy »

Offline Authorized

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« 2009-Feb-07, 07:22 PM Reply #24 »
Should we be laying it?

No, backing.


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