6th February 2007, 07:37 PM
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Member
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Join Date: Jan 1970
Posts: 4,431
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Quote:
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Originally Posted by Merriguy
"normal life of a betfair punter
find bf, yippee 20% better odds, start backing, end up losing
start laying, its easy you have the field on your side, end up losing
start laying outsiders they never win,end up losing
start backing "two horse races" the outsiders never win,end up losing
start trading, easy in and out ,in and out, all green, end up losing
start backing......."
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And why is this the case for a great many punters?
(a) The twenty percent or more on some runners occurs because they have diminished chance. The one's with increased chance actually pay less than the TAB (overall).
(b) Punters don't research enough before diving in head first.
(c) They don't set a percentage limit on lay/back prices, but chase prices, then fear they'll miss out so take what's available.
(d) Over indulgence - getting set at a price and it moves a lot, so they bet more, it moves even more, so they bet even more. One great hit suddenly is too much risk either way.
Laying horses isn't a licence to print money, but picking and choosing what to lay and at what price is a subcontract to earn your own.
I just had a horror day with regards to laying, worse possible result for a long time, but I know the way I've done it, the odds are in my favour and I can recoup them quickly because my exposure is set at no more than even money. |