Basically I look for very high class heavily supported horses and get the very best price I can.

So far it's working better than I ever expected, I never even considered I'd be able to get 29% (and much better) prices on such hot contenders.

Thank heavens for traders pushing prices ;)

ahh so thats why bookmakers have been doing it so hard for all these decades...

so i guess when i lay my rated 10/1 shot at $7.50 what i have actually done is "outperform the market by more than 19%"

never looked at it that way but it has a nice ring to it.

To win either backing or laying, you must outperform the market by more than the overround.

The bookies do it easily, because they continually outperform the market by their set margins.

To outperform the market laying horses at close to 100% market and 5% commission is the stuff of hercules. ;)

oh well, were all doomed & ive been living one hell of a delusion of late

now where me shotty...

Hercules Banana
 

Granted it's not as easy as almost everybody thinks but with the right angle ...

That's what I'm trying to say.

When Betfair first started, everyone thought "lay horses, how easy is this?"
But laying horses on Betfair is like betting into tote pools, the odds are that far against you.
Horses do trade at below the true price, but often because there's been a solid move on course.

It can be done, it can be beaten, all I'm saying is that it is a great deal harder than betting to win with the market persentages.

But hey, I shouldn't complain, I got done badly laying horses and others might not.

Currently I'm sitting at 34% POT backing them, and haven't had a losing day since switching :)

Vive la Différence!

I was only ever able to get to 9.50% POT laying very selectively, now I'm at 34% POT (after commission) backing every single favourite in every single country and up to over 2,000 bets so far.

(Actually not every single one, perhaps one in ten I don't get matched on and let it go through at poor odds).

The main difference is the $$$ profit, because I can turnover nearly ten times the lay amount, backing non selectively, the POT is just a minor difference by comparison.

How good's this!!!

:D

P.S.

Bring on Perth, Hong Kong, New Zealand, Vic Harness racing, etc etc.

34%. Nice, well done.

Thanks for sharing your findings Chrome.

Do you take any notice of the TAB fav or do you just focus on the Betfair Fav?

I too have noticed massive differences between the TAB Fav & the betfair Fav.

There was one last week that was TAB Fav at $3.60 & was $8.00 on betfair & it won... Struth!

One stratergy that has shown some promise is to target the TAB 1st & 2nd favs, 2 min till jump & bet it with Betfair if one can get 25% more with Betfair.

Simple multiply the TAB price by 1.25
e.g. TAB $2.80 x 1.25 = $3.50 needed from Betfair.

It is amazing, how many, one can get set .

The SR is pretty good most days.

I feel every one should try this exercise, even if its only on paper, just to show how much the avereage Australian punter is & has been ripped off by the TABs.

Cheers.