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-   -   Back shorter => Lay longer! (http://forums.ozmium.com.au/showthread.php?t=18700)

Chrome Prince 21st March 2009 03:15 PM

Back shorter => Lay longer!
 
Now that doesn't make sense does it?

Can't reveal why it works, but there's method in the madness.

Here's a method that's been working well but still in it's infancy....

Rules.

1. For UK racing only.
2. Take the openers from Ladbrokes (they dribble through from around 9:30pm)
3. Consider only horses opening LESS than $2.00
4. Take Betfair SP only.
5. Lay any horse opening over $1.55
6. Back any horse opening under $1.55
7. You can't just back and lay at SP giving filters without considering the Ladbrokes opening price as the first rule - very important part of it.


Back results (at betfair sp before commission):

Selections 20
Winners 18
Strike Rate 90.00
Return $25.10
P/L $5.10
POT 25.50

Lay results (at betfair sp before commission):

Selections 26
Winners 11
Strike Rate 42.31
Return $19.31
P/L $6.69 (laying)
POT 25.73

When we combine the two:
(at betfair sp before commission):

Selections 46
P/L $11.79
POT 25.63%

Copyright © 2009

:D

Of course more selections are needed, and I'll update this page from time to time.
46 selections is only minor. but consider the fact that they are all under $2.00 when opened by the bookies and the cutoff is $1.55 both ways.
It is a very high strike rate method (both ways)
It does have regular action, last night there were three successful lays from three and two successful backs from two.
So I copped 100% success rate on five selections.

Chrome Prince 28th March 2009 12:58 PM

Updated...

---------
Backs
---------

Selections 28
Winners 25
Strike Rate 89.29
Return $35.17
P/L $7.17
POT 25.61


-----------
LAYS
-----------

Selections 51
Winners 24
Strike Rate 47.06
Return $44.67
Lay P/L $6.33
POT 12.41

When we combine the two:
(at betfair sp before commission):

Selections 79
P/L $13.50
POT 17.08%

On odds on favourites :D

For what it's worth and as an upsized meal deal, you also get...

Lay the place at SP $1.22 units profit, a POT of 2.39% on 51 lays
Back the place at SP $3.23 units profit, a POT of 11.54% on 28 backs

So you could get 17.95 units profit, with minimum drawdown on odds on 79 favourites.

Partypooper????

;)


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