OZmium Sports Betting and Horse Racing Forums - View Single Post

Quote:

Originally Posted by UselessBettor

Ocho,

Here is a late Christmas for you. Can be automated easily. I do not follow this system as it doesn't meet my strict parameters but it works.

1. 5 mins before a race record the Bet price and lay price on betfair for every horse.
2. 10 seconds before the race compare the current prices to those prices.
3. If the prices have decreases for the bet price (lower price) then put in a betfair SP bet to only be matched at a minimum price of the higher amount of the current lay price or the lay price at 5 mins to go.

Move to next race. Most of the profit comes from AU, GB and US racing.

Thanks for the late Christmas present however I can't unwrap it...lol. Are we backing or laying? I think you're saying to back at the higher (lay) price if the prices goes down (steam in)? Therefore is this an in-play system as the bet wouldn't be matched prior to the race? And is that for every horse in the race where the price goes down? An example would be good.