Smartgambler
Pro-Punter

Go Back   OZmium Sports Betting and Horse Racing Forums > Public Forums > Horse Race Betting Systems
User Name
Password
Register FAQ Search Today's Posts Mark all topics as read

To advertise on these
forums, e-mail us.

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 6th February 2016, 11:10 AM
UselessBettor UselessBettor is offline
Member
 
Join Date: Sep 2011
Posts: 1,534
Default Laying and Exotics

This forum has had no new ideas for so long its an embarrassment.

Here is something which I am investigating and others can evaluate it for themselves. I have no idea if this will work.

Basic idea which needs tweaking:
1. Place a bet in the quadrella on major meetings. It will be placed at 2*2*2*F. I suggest this needs to be tweaked based on the races but lets use 2*2*2*F for now for some basic testing.
2. The aim of this system is $50 profit per quadrella. Its not going to make you rich but its extra pocket change to please the wife.
3. At the commencement of the first race in the quadrella you lay the 2 selections + $50 profit.
4. If one of the horses win you do the same in race 2.
5. If one of the horses win you do the same in race 3.
6. Now comes the interesting part. If your two horses had lost in any of those races you are $50 richer and you go home. But if you lost all 3 races then you now have a winning quadrella ticket. Check the payouts (they are available on the last race) and you can find which ones are higher then your outstanding cost. You can lay some of these to get some cash back or you can just wait and see what happens and hope it covers your outlay.

You will lose occasionally with this method. But you will also win big occasionally. If a long shot comes in that last leg you might make several thousand.

Here are some examples for today:

Doomben: 3,14 - 10,7 - 3,7 - Field =$128
Randwick: 4 -1,3 - 10,14 - Field = $56
Caulfield : 1 - 3 - 7 - Field = $11
Gold Coast: 3 - 5 - 5 - Field = $14
Newcastle: 1 - 1,10 - 10 - Field = $22
Bendigo: 1,2 - 2 - 5 - Field : $26
Morphettville : 1 - 5 - 6,1 - Field : $28
Ascot : 2,4 -9,13-14-Field : $56

As you can see I didn't just go 2-2-2-F but that is the start point and then I made my own adjustments based on field size and odds.

I'll check results at end of day.

Note: No bets actually placed as this is just testing - I know bets would affect payouts.
Reply With Quote
  #2  
Old 6th February 2016, 01:01 PM
Shaun Shaun is offline
Member
 
Join Date: Jan 1970
Location: Western Australia
Posts: 3,457
Default

Ahhhh, my pet project for the last 10 years,lol, the problem you will encounter is the prices for the lay side accumulating to a higher value than the Quaddie, it all sounds great until you hit those 3 winners, i have even looked at this with just breaking even on the selections, but am keen to see if you can shine a light that i will see the key i have been missing.
__________________
One Drive

"If the corporates are treating you poorly , just go elsewhere."
"If they need you , they will soon find out."
"If you need them , you will soon find out."
--moeee
_______________________________________________
Reply With Quote
  #3  
Old 6th February 2016, 02:00 PM
The Ocho The Ocho is offline
Member
 
Join Date: Aug 2010
Posts: 1,037
Default

Quote:
Originally Posted by UselessBettor
This forum has had no new ideas for so long its an embarrassment.

Here is something which I am investigating and others can evaluate it for themselves. I have no idea if this will work.

Basic idea which needs tweaking:
1. Place a bet in the quadrella on major meetings. It will be placed at 2*2*2*F. I suggest this needs to be tweaked based on the races but lets use 2*2*2*F for now for some basic testing.
2. The aim of this system is $50 profit per quadrella. Its not going to make you rich but its extra pocket change to please the wife.
3. At the commencement of the first race in the quadrella you lay the 2 selections + $50 profit.
4. If one of the horses win you do the same in race 2.
5. If one of the horses win you do the same in race 3.
6. Now comes the interesting part. If your two horses had lost in any of those races you are $50 richer and you go home. But if you lost all 3 races then you now have a winning quadrella ticket. Check the payouts (they are available on the last race) and you can find which ones are higher then your outstanding cost. You can lay some of these to get some cash back or you can just wait and see what happens and hope it covers your outlay.

You will lose occasionally with this method. But you will also win big occasionally. If a long shot comes in that last leg you might make several thousand.

Here are some examples for today:

Doomben: 3,14 - 10,7 - 3,7 - Field =$128
Randwick: 4 -1,3 - 10,14 - Field = $56
Caulfield : 1 - 3 - 7 - Field = $11
Gold Coast: 3 - 5 - 5 - Field = $14
Newcastle: 1 - 1,10 - 10 - Field = $22
Bendigo: 1,2 - 2 - 5 - Field : $26
Morphettville : 1 - 5 - 6,1 - Field : $28
Ascot : 2,4 -9,13-14-Field : $56

As you can see I didn't just go 2-2-2-F but that is the start point and then I made my own adjustments based on field size and odds.

I'll check results at end of day.

Note: No bets actually placed as this is just testing - I know bets would affect payouts.

Thanks UB. Can you please explain point 3 above? (At the commencement of the first race in the quadrella you lay the 2 selections + $50 profit.)

Can you give a working example as if you are trying to win $50 laying, say, a $5 horse you would be losing $200 just on that one horse.
__________________
Never give up on a dream just because of the time it will take to accomplish it. The time will pass anyway.”

― Earl Nightingale
Reply With Quote
  #4  
Old 6th February 2016, 02:38 PM
Shaun Shaun is offline
Member
 
Join Date: Jan 1970
Location: Western Australia
Posts: 3,457
Default

Yep, because you have to lay to return the cost of the quaddie, so lets just say if you were taking the Doomben quaddie you would have to lay $45 on both runners, it would actually be worse taking less runners, even on the $11 quaddie the first bet is $66 (not including any commission)

Sorry UselessBettor not trying to stick it to you just pointing this out
__________________
One Drive

"If the corporates are treating you poorly , just go elsewhere."
"If they need you , they will soon find out."
"If you need them , you will soon find out."
--moeee
_______________________________________________
Reply With Quote
  #5  
Old 6th February 2016, 03:17 PM
UselessBettor UselessBettor is offline
Member
 
Join Date: Sep 2011
Posts: 1,534
Default

Quote:
Originally Posted by The Ocho
Thanks UB. Can you please explain point 3 above? (At the commencement of the first race in the quadrella you lay the 2 selections + $50 profit.)

Can you give a working example as if you are trying to win $50 laying, say, a $5 horse you would be losing $200 just on that one horse.


Exactly as Shaun said. Lets use Doomben:

I want $50 profit. So I am laying $50 + cost of Quaddie in first race which is Race 5. So we lay 3 and 14 at Doomben.

Number 3 = $8,60 on betfair.
Number 14 = $3.45 on betfair.

Lay 3 for ($50+$128)/(1/8.6/(1/8.6+1/3.45)) = Lots of maths but basically this is saying find the percentage I need to lay on number 3 out of the $178 liability = Laying 29% of the amount on Number 3 = 0.28*178 = $49.84 (Round it to $50).

Lay number 14 the same way but 71% = 0.71 *178 = $126.

Number 3 one this race. So overall our loss on the race was 8.6*50 = $430-(50+126) = $254. Add this to our outlay already of $128 and we are down $382 after the first race.

I'll post Race 2 after its run and I've checked the odds on betfair.
Reply With Quote
  #6  
Old 6th February 2016, 03:41 PM
UselessBettor UselessBettor is offline
Member
 
Join Date: Sep 2011
Posts: 1,534
Default

Doomben: 3,14 - 10,7 - 3,7 - Field =$128 - PENDING
Randwick: 4 -1,3 - 10,14 - Field = $56 = WON $43 (after commission)
Caulfield : 1 - 3 - 7 - Field = $11 = WON $46 (after commission)
Gold Coast: 3 - 5 - 5 - Field = $14 = WON $46 (after commission)
Newcastle: 1 - 1,10 - 10 - Field = $22 = WON $45 (after commission)
Bendigo: 1,2 - 2 - 5 - Field : $26 = WON $35 (after commission)(see worked example below)
Morphettville : 1 - 5 - 6,1 - Field : $28 = WON $45 (after commission)
Ascot : 2,4 -9,13-14-Field : $56 - PENDING

Now for Bendigo the first leg won.

So we layed 1 and 2 in the first leg and 2 won. The odds were:
Number 1 :$8.00
Number 2 :$4.70

We layed 37% of $76 = $28 on Number 1 and it did not win.
We layed 63% of $76 = $48 on Number 2 and it won.

So our loss on the first leg was $48*4.7-78 = $150

So then we waited for Leg 2 of the quaddie.
We now need $150 + $50 +26 = $226

In the second leg I layed Number 2 at odds of $5.60. It lost. So I made $35 after commission ($226*0.935-26-150)

Now if Number 2 had won then I would have been laying 5.60*226 = $1265
In Leg 3 I had number 5 which would have cost me $8.20. This is the bit where Shaun was talking about. The numbers can and do escalate quickly. If we had got to this point then we need to alter what we are doing in leg 3. The quaddie for this meeting only had $4623 in the pool. So there is no use trying to lay to a liability of 8.2*1265 = $10373.

This is the issue with this method.
Reply With Quote
  #7  
Old 6th February 2016, 03:49 PM
UselessBettor UselessBettor is offline
Member
 
Join Date: Sep 2011
Posts: 1,534
Default

Quote:
Originally Posted by UselessBettor
Exactly as Shaun said. Lets use Doomben:

I want $50 profit. So I am laying $50 + cost of Quaddie in first race which is Race 5. So we lay 3 and 14 at Doomben.

Number 3 = $8,60 on betfair.
Number 14 = $3.45 on betfair.

Lay 3 for ($50+$128)/(1/8.6/(1/8.6+1/3.45)) = Lots of maths but basically this is saying find the percentage I need to lay on number 3 out of the $178 liability = Laying 29% of the amount on Number 3 = 0.28*178 = $49.84 (Round it to $50).

Lay number 14 the same way but 71% = 0.71 *178 = $126.

Number 3 one this race. So overall our loss on the race was 8.6*50 = $430-(50+126) = $254. Add this to our outlay already of $128 and we are down $382 after the first race.

I'll post Race 2 after its run and I've checked the odds on betfair.


Leg 2 had number 10 win @ $3.10.

We were aiming for $432 return for the race. This means a loss of 315*3.05-$432+128 = $656
Reply With Quote
  #8  
Old 6th February 2016, 04:34 PM
UselessBettor UselessBettor is offline
Member
 
Join Date: Sep 2011
Posts: 1,534
Default

Leg 3 won at Doomben
Reply With Quote
  #9  
Old 6th February 2016, 06:51 PM
UselessBettor UselessBettor is offline
Member
 
Join Date: Sep 2011
Posts: 1,534
Default

Ascot was cleared in the third leg as well.

All lays won approx. $40-$50 today.
Reply With Quote
  #10  
Old 8th February 2016, 08:37 AM
evajb001 evajb001 is offline
Member
 
Join Date: Oct 2009
Posts: 463
Default

I've always wondered if you could get this type of thing to work. I guess some of the other options would be to take a lower % of the quaddie so your lay liabilities are lower etc and stick to pointy end of the market with your selections. Could you also possibly start on the daily double markets or the treble as well? Or is it the bigger payoffs of the quaddie that make it more appealing?

Could you attempt something similar with say other exotics like the First 4? Stand something out to win so that you can have more selections for 2nd/3rd/4th and lay it to break even or for a small profit if it loses? Obviously doing that you can lose both bets if your selection wins but you dont get all the placings but its almost like an insurance policy.
Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump



All times are GMT +10. The time now is 02:58 AM.


Powered by: vBulletin Version 3.0.3
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
©2008 OZmium Pty. Ltd. All rights reserved . ACN 091184655