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Date Joined: 23 Jan 11
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The £1Million Challenge
Start Bank £1,000
Current Bank £1,385 (+38%)

Hello again. Well following my last entry I had a profitable foray into Lay betting yesterday and got three out of three right. I have been following the progress of some of my Contacts and fellow Bloggers who are enjoying tremendous success with Lay bets and I have to say you can't fail to be impressed by their 'rocket speed' progress compared to my own with just Backing horses to win. I know I mustn't grumble when you compare my 38% growth in just a few months compared to the High Street 3.4% per annum but I do believe I should use Lay bets aswell to speed up my progress on my mathematical route map.

I have devised some self-guidance rules for my lay bets and they are, only Lay at 4.0 or less, minimum of 10 runners, Lay within 10 minutes of start of the race for shortest Lay odds and generally Lay Handicaps and non-fit horses and avoid horses running within 7 days or races with really 'warm'favourites and a big gap in the betting to the field.

With that 'guidance' in mind I have selected EPSOM 2.00, 2.35, 3.45, 4.50, SOUTHWELL 3.20, HEREFORD 4.05, 4.40, NEWCASTLE 6.05, 7.05, & KEMPTON 6.50 & 9.20 as 'potential' Lays if I can get 4.0 or less etc.

Assuming I could get them all on that's 11 lays today. I have to consider the possible 'nuclear disaster' scenario of them all winning so I will limit my total exposure to less than 2% and Lay just £2 per Lay. I know - i'm the last of the big spenders ain't I!

Hey, thanks for your visit today - have a good day.

T.T.F.N.
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