22nd July 2010, 12:42 AM
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Quote:
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Originally Posted by wesmip1
I didn't lay the winner in Belmont R7. I had the low odds record at $39 which meant it could be up to $46.80 . The recorded betfair odds I had at the time my program checked was $50.
Maybe its due to the odds being used. I use the pink side of betfair (those wanting to take the bet) and not the other side (current lay odds). If the odds are not under lowest tote*1.20 then I don't place a lay.
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Wesmip1
Just to clarify
Prices in BLUE columns are Backers Prices (BF-WAP, BF, BF-SP)
Price in Pink column is Layers Price
We * the lowest TAB price by 1.2 (20%)and add to TAB price, if the resulting
figure is greater than the available price (Betfair PINK) it becomes a lay bet.
(TAB $39.00*1.2 = $46.80) (BF PINK Price = $42.00)
Is this correct? |