19th February 2007, 09:27 PM
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Member
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Join Date: Jan 1970
Location: Qld
Posts: 1,410
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Quote:
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Originally Posted by Chrome Prince
Hi Mark,
When the lay price was matched, if the horse kept firming to a pattern I backed the horse for a greater amount, because it was firming. What I was doing was getting one of the best prices available at the time on firmers.
When the back price was matched, if it kept drifting I would lay it for a greater amount.
I didn't do anything silly like lay it at huge prices over, just close to the set price.
I made $3,450.52 clear profit.
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Chrome, do I understand you correctly? I'll try some examples of what I think you're doing.
(a)You back say $20 @ 3.0, if it drifts to 4.0 you lay $25. or
(b)You lay $20 @ 3.0, if it firms to 2.5 you back it for $30.
The odds and amounts are fictitious, but have I got the general idea correct?
(a) Is more likely to lose because of the drift, and (b) is more likely to win because it has firmed.
So in effect you've laid (a) for $5 @ 7.00. And you've backed (b) for $10 @ 1.50.
ps It's late so I may be confused.
Look forward to your reply.
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