PAID

Thats it for now, 3 out of 3.. wooot going to be a millionaire hahaha

Outlay 289
Return 317
Profit 28
About a 9.6% return on ya money

I'm going to try and build up a bank of 1000 from returns on paper (bank would have started at 100 to fund your initial lay). Once at 1,000 take on more risk to increase returns to make it interesting. For instance make a large stake for lays showing tote odds of between 3-4 (favourite and outside chance). For example stake 80~ @ 5 & 100 @ 6. Looking at betfair the large bets are made on the smaller odds, so I'll need to offer up a lay for either a favourite or a horse with reasonable form. So there is a strong possibility I lose my money but at the same time increase my returns. By having two lays, I minimise my losses but also amplify my gains. Worse case scenario the outside chance comes in and I lose 600 but I'll get back 400. So preserving the bank somewhat to play another day :P. The good news is, if both don't win I have just doubled up the bank.

The theory bind it all is that to build up to 1K bank from stakes of 6 would mean a lot of bets, so hopefully would mean that I become comfortable and confident with what I'm doing and the system is alright. Also worse case scenario I lose it all (say the 1k bank) well I only ever risked 100 (if done for real) since the 1,000 was made up from returns not your own capital.

I'd love to see how I end up on paper over the course of a month thats for sure.