9th April 2012, 09:54 AM
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Member
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Join Date: Jun 2006
Posts: 225
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Quote:
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Originally Posted by moeee
I have rarely messed with LAYING,
I just have morbid fear of the payout should the animal win.
To pay out $100 for the sake of winning $5 - That means you are in fact taking 20 to 1 on about an Event.
Why would you do that?
I mean $5 doesn't even buy a decent burger , and should you fail , it will be at least 20 more wagers before you can even think about getting one.
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I just look at the bigger picture. Value is value, is it not? Laying someting at $17 that is a true $51 chance (in my opinion, obviously) is value. Since May 2011, I have layed 87 horses at greater than $11, of which only 3 have won. Total profit on these is $456, which represents 39% of the hold. I'm in a position now that 3 of these longshots would have to win for me to get into the red again ( I lay them at $200 liability). But then again there will be a high percentage of losers in between to help recoup the losses. Am i wrong? |
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