Correction - Mornington 4/10 is not a selection as it is resuming from a spell.

The Tele does not show this but Unitab does. I'm not having a good day.

Another accident - Gawler 5/3.

:eek:

The method's still about $40 in profit.

I don't know if this is any consolation but laying them on the exchange would be showing an overall loss.

Hopefully today is just an exception and it can lift itself off the floor.

Hi MG. When you say laying them on the exchange, what do you mean by this? Aren't the prices at which you would lay say 10 seconds before the off roughly the same as the starting price?

Yes, the prices on the exchange and S.P. are almost identical.

However, on S.P. the horse is layed on liability.

If a horse's price is $10 it can be layed on the exchange for the minimum of $5 which means that if it wins the race the layer pays $45 to the backer.

However, on S.P. it can be layed for the minimum of $30. If the horse is beaten the layer gets about $3 ($30 divided by 10) from the backer, and if it's price is $300 the layer wins about $0.10 from a lay-bet of $30 ($300 divided by 30) but he can only lose the outlay of $30.

In other words, the layer nominates how much he can lose on S.P but on the exchange he nominates how much he can win.

If one is not familiar with laying S.P. it can at first be quite complicated.

Thanks MG. I do understand this and if laying with my bot you can lay to liability at a lower liability than SP - like $5 liability for example (but then you will eventually get banned if you did this).

What you're really saying there is laying at level stakes of $5 with then a variable payout.

as long as your still in front, that's the main thing.

A disasterous day yesterday.

There were three accidents from 45 selections for a loss of $70.18.

There have now been 10 accidents from the 474 selections for a profit of $30.81. The method's in front but sinking quickly, and if it goes into the red I might probably end it.

Don't do anything too drastic like that. Just stop the system and try something else. ;)

Hi, T.O.

That's what I meant. I'll presently continue it, and also am considering laying the TAB no.1 as per Unitab's ratings. I think I listed the rules here somewhere with the six selections for that particular day (10 Dec) for a profit of $8.50. On checking past results on paper, it seems to be doing quite well. The drawback is that there are not many selections, but if it is successful that's no big deal.