Pengo, yes it does seem like naysayer syndrome, but do you realise why everyone is jumping at you?
We have been there before and learnt the hard way.
As stated before Betfair favours backers, then you have commission.
It is extremely hard to win laying one horse per race, don't let anyone tell you it's easy.
It's easy to pick losers, it's not easy to lay them at a price that provides a profit.
For example, there is a more marked bias with longshots.
A horse at even money you might get matched at even money or $2.20, a horse at 150/1 I've seen at 500/1 or 1000/1.
You can win laying 150/1 shots at 150/1, probably up to 200/1, but you cannot win laying them at 500/1 or worse 1000/1.
I would suggest to anyone contemplating laying for profit to get the bookies prices on spreadsheet, add on the bookies overround to the prices, deduct commission, this is breakeven point, anything more is loss, anything less is profit. (overall)
You'll soon realise just how difficult it is.
For example again, I lay horses below TAB price and sometimes struggle to make a profit, imagine laying 20% above - no chance.
I won't go into how I do it, however, I can reveal that in almost every race
there will be a horse available to lay at below TAB odds, usually in the first four in the market.
I wish you well Pengo, truely, but it is just not as easy as it looks.
Browse the Betfair General Betting forum and you'll see how many people struggle and lose a lot of money in a short space of time, because they are laying over the odds.
It's really an ego thing, the layer thinks he can outsmart the market and pick the loser, he can, he just can't get the right price.
Imagine backing horses at 10% below TAB prices and trying to win, effectively that's what you are trying to do, but in reverse.
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