
5th May 2008, 04:44 AM
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Member
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Join Date: Jan 1970
Posts: 2,428
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Hi Shaun
One way to getting close to squeezing a profit would be to bet to price.
This is done by dividing the price into a set amount.
E.g. Set Amount $10
Horse A $1.50 divided into $10 = O/L 6.66 = Liability(payout) -3.34 if it places
Horse B $1.70 divided into $10 = O/L 5.88 = Liability(payout) -4.12 if it places
Total amt placed= $12.54 & potential profit if both fall over for us.
-$7.46 total liability (payout) if both get placed instead of falling over.
We keep the original $10.
We deduct the Liability from the profit.
If Horse A gets placed & horse B falls over= Liab 3.34 - 5.88 = +2.54 profit.
If Horse B gets placed & horse A falls over= Liab 4.12 - 6.66 = +2.54 profit.
If you use Bet Trader Pro the calculations can be done for you using their Dutching program for lay betting which calculates the bets as stated above.
They call it the Bookmaking facility.
Just enter $10 in the box at the top.
Cheers.
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Cheers.
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