I've had alarm bells from day one.

Yesterday, and the day before, the smiles were disappointing, but overall the profit before then was about $1 per race, so even though I might be deluding myself I'm still somewhat optimistic things might change.

Here is the gold in your focus, I feel.

It's why people on here are mostly interested in 'what keeps michaelg interested'

Keep it coming, master blaster.

LG

Thanks for the kind words and encouragement, L.G.

Let's hope you're spot-on and things improve.

Today's selections:

Rosehill
4/10
5/11
8/7, 11

Flemington
4/9
6/6
8/1

Eagle Farm
5/8
6/13
7/15
8/10,11

Morphetville
7/6

Kembla
2/9
4/5

Bathurst
5/6, 9
7/3, 10

Albury
1/3, 7, 8, 10, 13
4/10
5/10, 12
6/4, 10

Gold Coast
5/10
7/1
8/14

Stawell
3/9, 15
5/10, 11

Toowoomba
1/2, 3, 8
2/11

Ascot
5/10
6/4, 10 ,16

It's a pity yesterday's Murwillumbah R3 was called off because we woud have won $12.73.

Mark
I have a lot of experience laying on BF and the above is not correct. For a 2/1 chance ($3) the payout if the horse wins is $33. If it loses I would win $16 approx. At evens the figures are $33 loss on a winner or $33 profit if the horse loses. For a 10/1 shot the loss is $33 and the win is $3.30 if the horse loses.

Hi Speedy, you can back every 2/1 shot with me then.
You put on $16.50 (to win $33) and I will gladly pay you $33 every time they win.

The bet to lose $33 @ 2/1 or $3 is........... $33 to $16.50.
The figure on the ticket (the payout) is $49.50.

If it wins, the bookie loses $33 and pays out $49.50.
If it loses, the bookie wins the $16.50 that the punter has bet.
It could not be more simple.

I've also had a bit of experience laying....around 29 years.
I do this for a living.

A good day.

From the 43 selections there were 43 smiles for a profit of $48.53 which has recouped yesterday's loss of $33.97.

If I put 16.50 on a 2/1 shot I expect to win $33. What could be simpler than that? I get my $16.50 back and the bookie pays me $33 of his money. You really are confused.

Here is a fuller explanation. You are thinking like a bookie not a BF layer.

If I put 16.50 on a 2/1 shot I expect to win $33. What could be simpler than that? I get my $16.50 back and the bookie pays me $33 of his money. You have misread my post to think that I don't expect my stake back if betting with a bookie. Of course I do. Where you are confused is that when laying on BF the backer does not actually give me his money up front. When the race is over I either take his 16.50 or he takes my $33.
The reason that the bookie pays out $49.50 is because he has taken the backers money up front. That does not happen on the exchange. BF hold both amounts until the contest is decided. I'm sure you haven't had 29 years laying on BF.

Dear oh dear.

Where did I say I've had all those years on BF?

I'm so hopelss at this game that I'm off overseas for 3 weeks..........and I don't have a "real" job.

Good luck Ben, you're going to need it.