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Quote:

Originally Posted by Bhagwan

I have found its best to try & target runners at $7.00 & less, that way if one gets hit 1 in 8 times , a profit is still to be had.

That's a success rate of 87.5% SR, its very difficult to get much better than this over say 100 bets.

Bhagwan, I'll have to disagree with you there. In the next week I'll place my 1000th lay for the year. For most of the year my S/R has been bumping along between 91.5% and 92%. It's 91.7% as we go into todays racing. I don't lay anything over $11.00.

Quote:

Turn over is pretty much the name of the game because of the low odds one is working with. So the idea is to have heaps of bets if possible.
It is often suggested to bet 1-.50% of bank.

Agreed. Turnover is the name of the game. A stake of around 1% is about right, but I think in terms of liability which I set at just over 12% of bank per lay.

Raven, Chrome is right re getting the best price available but in practice I've found this is pretty hard on the Australian markets. Not alot of business is done in the first 2/3rds of betting time on the selections I like to lay, so I find that in general the best price is available at the jump. I might get a couple of ticks worse than the price quoted in the Betfair Advantage Tool, but I'd much prefer to get completely matched at an ok price than to miss out by hanging on too long for a very slightly better one. Whenever I try to double guess the market I'm inevitably wrong so I just set the bot to shoot off the lay a few seconds after the advertised start time.

There is the occassional exception though. I layed Undue last Saturday quite a bit before the jump and managed to secure $9.60 and I think it eventually started around $13 on Betfair. I'd tipped it as a lay on another forum so wanted to make sure I actually could lay it

Hope that's of some help.