14.12 units profit for Sunday :D

Chrome

I must say that I am confused.
Your study of over 56000 races shows that backing favs that shorten by more than 3% shows a profit. Now the same study shows that laying all opening favs, except those that drift by more than 40% is showing a profit. Do both sets show a profit, if so is it more profitable to lay?

Mark
I do prefer to lay favs rather than back them.

1776 [-15] members & our many quests completely in the dark Chrome Prince :confused: but well done anyway ;) please continue to keep us [un] informed :)

Yes it does show a profit, but for some reason the last two months show a loss. That reason is shrinking dividends.

Therefore it is now not profitable, but may be at some stage in the future.

[QUOTE=Chrome Prince]Yes it does show a profit, but for some reason the last two months show a loss. That reason is shrinking dividends.

Hi Chrome I have noticed it is alot harder to get a good price these days. When Betfair started you could easily get 50% over IAS price , not now. Prices are not much better than the tabs.

4 units loss today.

Crackone,

Yes in some cases where there is a push for a horse, it is very hard to get a better price, but when they drift it is easy to get up to 40% or more better than the TAB price.
Watching the movements live daily, it is obvious that bookmakers are laying off into the market (judging by the volume of single large bets) and driving the prices somewhat.

As an aside, there was a horse in the UK last night that had it's third hurdle start in seven days and won. This distance was more than three miles and he just snuck in by a photo. But it's amazing that a horse can perform so highly after three very tough runs in 7 days.

[QUOTE=Chrome Prince]4 units loss today.


Watching the movements live daily, it is obvious that bookmakers are laying off into the market (judging by the volume of single large bets) and driving the prices somewhat.

Yes they do drive the prices, up and down. Have you noticed the large bets just disappear, often thought it may a ploy to take the smaller odds!

Yes and notice it's always $5,000 $6,000 and $7,000 etc.

I think that should be -16 watsonnek, CP & 15 others :)

Thanks catweazle, I stand corrected ;)