27th March 2008, 04:47 PM
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Member
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Join Date: Jan 1970
Posts: 4,430
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Shaun it depends entirely on the price you can get.
That's what first time layers miss.
Let's say you're sitting on a 20% loss at TAB prices, you may in fact have to sacrifice 25% just to get matched, especially on the longer priced horses. Then pay 5% commission on top. Couple that with, you don't know the final TAB price in advance and it's very easy to lay well over the odds.
There are a number of ways to work out the lay results.
You can work it out to stake, liability or payout.
But you do need to know the prices layed at rather than past tote prices.
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