Dear Bhagwan,

I have been following this forum a fair bit recently and searching etc.. I have come across many posts from you where you say "this one works really well" and things like that.

Well I have tested a couple and I agree...if you aren't greedy and just be conservative and go for a small (3-5%) POT approach, you can do quite well.

My question to you is (if you are willing to share, understand if you don't) what are the two best Lay Systems that you have discovered, and are they auto? rely on manual selection input? Staking plan?

I have been playing with Lay88 which looks ok for a couple of things.

If you would like to PM, that is ok, I have some info about a bigger test I ran that you might be interested in as form of exchange.

Best regards,

Travolta.

The best lay systems, seem to be those where one goes for one selection per venue.

Lay bet .7% of bank if price is <=8.00

Put up you email so we can contact.
PS. best not make email literal .
Make it read e.g. bob at hotmail dot com

This is done so those cunning programs called spiders dont get hold of it & start spamming you.

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Cheers.

Yeah i was doing pretty well with that system for awhile until i hit a few winners, but laying is not really my thing.

Bhagwan, you can contact me at laypunter at gorillas dot com dot au

Shaun, yes the recovery staking plan can cause some angst when a couple of winners fall in!! ....but having a big bank to cover the increase is obviously critical....

My approach is that if you start off with a sizeable bank (say $5K, and then make $100 per day with a stop loss of $1500 (as has been suggested), you need 15 winning days before you hit that stop loss to know that you are ok. I don't think that this is unreasonable given the smallish amount of testing I have done.

But having said that, losing $1500 of a $5K bank in 1 day might not be for everyones tastes!

I was not using recovery, i was laying to payout 2% of my bank on the first selected runner that met the criteria of that meeting, if i won i stopped on that meeting if i lost i stopped on that meeting, i few times depending on the prices i could lay 2 winners on a 8 race card meeting and still make a profit.

I went for a few days with no losers and made a bit but then hit a rough patch, as i have said i am not a layer and was just testing the waters of a Bhagwan system.

Travolta, if you can average around the 2.5-3.5% POT from laying then you are doing pretty well. If you can maintain a 5% or better POT then your doing very well indeed.

Laying is as much to do with turnover as it is about making a profit. To this end I'll disagree with the Bhagwan and say that the best laying systems are those that present a high volume of value selections allowing the layer to compound that 2.5% POT. One selection a venue would be the equivalent to watching paint dry. Multiple selections per race is the way ahead.

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

AngryPixie, you mention multiple selections.

I've been experimenting in certain races where I lay not just multiple selections but the entire field on S.P. I've been showing a profit on all my evolving methods with this type of laying, but was not entirely satisfied with any of them. However I've fine-tuned my current method and am currently showing a POT of 22%, and with four more races to go it is virtually impossible to lose today.

If anyone's interested, I select certain races and use certain settings on the neurals to identify horses that are in single figures in my neural market. These I lay for a fixed liability, and all the remaining horses in the race for a higher liability.

What I particularly like about this is that I can put the lay-bets as soon as the neurals load the scratchings. About 80-90% of the selections end up in the black, and quite often the worst accident will be very low. I've even had an äll green race and often very close to it.

Wow Michael, 22% that's amazing. Is that profit on liability or profit on stake? My comments above are for the former.

How many races have you under your belt?

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

Well done Michael. I worked 4 races on Aus today, lost on 1, USA 1 win from 1 race, and UK tonight have 3 from 3 already all in profit. It really is the way to go, although sometimes the SP's can be dodgy.

Should add, no losers on that USA race and only 1 loser in one of the 4 AUS races and the bu gger won!

AngryPixie, the POT refers to liability. Today I had a liability POT of 17%. My first two races lost, but only a total loss of $0.96.

There's only been a paltry 35 races since I started this particular system from last Monday. However, there's slightly more than 200 races since I began laying the field, continually experimenting to improve the system until I was satisfied, which I think I am now.

Over these 200-plus races the liability POT was about 6%.