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-   -   Which laying method would you choose? (http://forums.ozmium.com.au/showthread.php?t=20788)

Bhagwan 29th November 2010 11:32 PM

My selection is the one on the left.

Betting to fixed Liability is the safest way to lay because its the closest version of level stakes betting as in win only betting.

If one wishes to place the same amount on each selections , one has to know what the max acceptable price one is going to accept .
Once we know what the max price is , we now convert this to fractional odds & divide this figure into say 5,7 or 10% of bank & this becomes your fixed outlay amount.

Example.
Max odds 9/1
10% Bank Liability
$1,000 Bank.

$100 / 9 = $11.11 flat Lay bet on all selections regardless of price up to $10.00.
With this approach , we are assuming the shorter priced runners will win more often than the longer priced runners, therefore reduced Liability exposure.

The lay method I currently use is now on success number 132 in a row , using a program I have written.
I use Variable Stakes Liability to Bank set at 33% of bank.

Dale 30th November 2010 07:08 PM

Quote:
Originally Posted by wesmip1
Personally I take the 300 selections (ie the extra filters). The reasoning is as follows (feel free to disagree):

1. My risk tolerance is very low. I want to be 99% confident the horse I bet on will win and 99% confident the horse I lay will lose.




Excellent point,people need to find what works best for their personality.its like a profitable but very low action long shot method,sure it looks good on paper but the run of outs and damaged bank that comes with betting it in reality brings most people undone.

Its not always about the pot sometimes it should be about the betability.

Dale 30th November 2010 07:29 PM

Wesmip1 im still looking to get in touch with you re my class ratings,know your busy but if you got a minute drop us an email at go the halatau at hotmail dot com.

Cheers

wesmip1 3rd December 2010 07:32 PM

sorry Dale I don't frequent here too often. Probably only stop in once a week.

I'll send you an email tommorrow.


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