Hi Pugnosis
I'm only laying the "11.00 or less" selections, and at the moment only for small money. I find I can usually get a feel for the direction of the market (tools with near realtime market updates like Fairbot are essential), so I'll generally put an offer in just below the current highest offer, and tweak it up or down depending on the moves. You'll see this in the attached file "CancelledLays.gif". My first offer of $9.80 on "Sweet Julia" was placed around 16:07 (3 minutes before the scheduled jump), I then tweaked this up to $10.00 at 16:08. The drift continued so the $10.00 offer was cancelled fairly quickly and I placed my final offer of $11.00 within the last two minutes before the scheduled jump. You'll see this offer lapsed in the file "LapsedLays.gif".
Using an exchange you could easily place a "stop loss" bid above the $11.00 cut-off mark. So if you layed early and the price drifts you could cover your position. I've done this in the past.
I do take your point that but for a couple of keener backers "Sweet Julia" could have started at $11.00 or less, but on the other side of the coin, over the duration of this trial there's been a number of selections that have drifted over the $11.00 mark just before the jump and didn't end up winning the race. These were then recorded in the "11.50 and greater" price division as a loss. Swings and roundabouts
I've tried to be pretty straight up with the results and have used the B.A.T. prices as these are as close as you're likely to get if you lay the selection right on the jump. As Chrome says, any variances are likely to even out so for system test purposes I reckon they'll do. The prices posted are then available for anybody to check for themselves, and I don't insult anybody's intelligence by making claims of laying at lesser prices.
I recieved an e-mail yesterday from another forum member thanking me for yesterdays longshot tips. Can't please all the people all the time I guess
Only one week to go.