I have been dabbling with this crazy idea of backing & laying the same horse in the same sequence of races .

It is not quite right yet.
Further input would be welcome.

This is how it goes.
Lay bet flat 5 units to fall over if price is =>6.20 .
Lay bet 10 units if price is <=$6.00

Back bet is 20 units with an increment of 10% on the last losing Back bet,
Allow a max run of 6 outs then start again if no winner picked.
Also start again if winner is picked.

The general idea is to try & minimise ones total outlay if possible
Its the losing bets that do the damage & punters should try & think in terms of Liability, whether its Win or Lay betting, rather than just profit all the time.

Because if the looses are minimised , the profits will generally follow.

The Lay bets try to pay half of the Back bet losses & soften the blow a little especially on a bad run , if that's possible

First bet is always a Back bet say $20, with zero Lay bet made.

Second bet would be a Back bet $10 +10% due to previous loss .
Plus a $5.00 flat Lay bet to go towards the loss of the 1st bet.


We wish to hit 3.5% a day, then stop , or option to continue for the day if you feel you can hit another 3.50% on the day.

Example of a non winner series.
Back----Lay
20------ No bet on 1st race.
22-------10
24-------5
26--------5
29-------10
32-------5
ect.

__________________
Cheers.