Yes confused everybody and myself double but a simplified example above. As I say, more risk in so far as the number of runners, but reduced liability should one of them win. It does let you lay some of those long ones, and I still keep to the 9.09% ($11) minimum book value I set myself ages ago. Just playing with it really though.

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash