ok lets see how i go:

Sandown Race 7
No 5:
NOT A COPY, LAY, STAKE 6 @ 13.5 (LIABILITY 81)

what have we created.........

good luck Pengo.

how good are your school holidays goin Pengo....... geez i love watchin this kid play

what part of this fine country are you from Pengo?

wicked, did not win.. so I take my 6 dollah!

Will definately have to whip up a spreadsheet, start on paper with a betfair bank of 1000 since I will need to have money to pay out if I lose a bet. And just bet 6 for good oods for outside chances and maybe a long shot here and there.

See if I survive a week or more before going bust on paper!

Kind Cugat, geez I don't come across as that daft do I? I haven't been at school for over a decade!

Originally Gold coast, now reside in Melbourne. Where its too hot today and my evaporative cooler broke so really feeling it!

a few more of those $6 collects and reverse cycle is just around the corner my friend.

i had a friend whos 47 and has been out of school for 10 yrs now ........

LAY
Randwick Race 7
No: 1, ASHKABAR
STAKE 6 @ 16.00
LIABILITY 96

Yeah baby, road to riches lol... If only it was that easy. My aim is to stake 6 and risk no more than 100 per LAY bet. I check what the odds on tabonline.com is and see what it has been going for on betfair, if its within a dollar or two then I'll put thru the lay bet at the betfair price that has been traded the most.


I rent ((, getting a portable off ebay this week! Spend $600 to use it a couple times then before you know it, cool weather for the next 8 months ... Expensive living

Bring on winter I say.

SHOW ME THE MONEY


Time to make it interesting, use my gains to increase the liability to 112! LOL

SANDOWN RACE 8
no: 3, HURL
STAKE 16 @ 7.00 LIABILITY 112

PAID

Thats it for now, 3 out of 3.. wooot going to be a millionaire hahaha

Outlay 289
Return 317
Profit 28
About a 9.6% return on ya money

I'm going to try and build up a bank of 1000 from returns on paper (bank would have started at 100 to fund your initial lay). Once at 1,000 take on more risk to increase returns to make it interesting. For instance make a large stake for lays showing tote odds of between 3-4 (favourite and outside chance). For example stake 80~ @ 5 & 100 @ 6. Looking at betfair the large bets are made on the smaller odds, so I'll need to offer up a lay for either a favourite or a horse with reasonable form. So there is a strong possibility I lose my money but at the same time increase my returns. By having two lays, I minimise my losses but also amplify my gains. Worse case scenario the outside chance comes in and I lose 600 but I'll get back 400. So preserving the bank somewhat to play another day :P. The good news is, if both don't win I have just doubled up the bank.

The theory bind it all is that to build up to 1K bank from stakes of 6 would mean a lot of bets, so hopefully would mean that I become comfortable and confident with what I'm doing and the system is alright. Also worse case scenario I lose it all (say the 1k bank) well I only ever risked 100 (if done for real) since the 1,000 was made up from returns not your own capital.

I'd love to see how I end up on paper over the course of a month thats for sure.

just taking a quick glance at sandown today out of 8 races only 1 favourite came in first. There might be some money to be made offering good odds for the race favourite for a lay. So far you'd tend to make more money than you'd lose.

Something else for me to play with.... I wonder what the starts are for 2007 where the race favourite came first.