crash,

i realise what you are getting at, and you're probably right, but someone prepared to lay an odds on horse at $3.00 is not smart when it goes on every single day in most races.
Of course there will be those that are layed, for one reason or another at higher prices, but not as an overall scenario, those layers have to be losing a lot of money and it bars anyone else out of the lay market if they want to make a profit.
I have a feeling rather than "not smart", the markets are miniscule by comparison and punters are "chasing" to get matched at their own expense, which is the number one golden rule of what not to do.

That's why I switched my method in Australia.

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