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Date Joined: 23 Jan 11
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The £1Million Challenge
Start Bank £1,000
Current Bank £4498.43

Hello again,

I have had mixed fortunes this last week. Was rapidly approaching the 5k milestone when I layed a horse for a £25 stake at 16.0, (SNOWY PEAK at Wolverhampton) and it won, ouch!

I am also receiving help regarding my lay bets from a very brave chap who lays at £100 per bet, but after that experience I am a bit wary of potential large losses - don't want to lose £1500 in one go! So I am now using a Betting Bot which calculates my lay stakes for me according to my chosen Liability - brilliant! Send me a message if you want to know more about the betting bot and where to get it from.

My headline today is 'Doubling Your Chances of Success?' I put the question mark because if you're not careful you can double your loss! In these bets I look for two horses which clearly head the market, preferably at 2/1 ish each with a nice big gap in the betting to the rest of the field and Timeform and all the pointers saying that the winner should come from one of these two - then I back both of them. So long as one of them is at odds against I have a good chance of collecting and where one is at say 6/5 and the other is at 5/2 you frequently collect on the second favourite, breaking even if the shorter priced horse wins.

I have bet on two races in this way today; HEREFORD 2.10 Number 1 PRIORS GOLD at 6/5 and Number 2 SPIRIT IS NEEDED at 5/2. And CARLISLE 7.35 Number 1 SHARP RELIEF at 5/4 and Number 3 ROYAL BONSAI at 3/1 and obviously I am hoping for the second favourites to win. Either split your normal stake or put a point (1%) on each of them.

Other horses I have backed today are BATH 4.00 Number 4 DUBAWI DANCER and CARLISLE 5.05 Number 2 DUKE OF FIRENZE. See TIMEFORM/Racingpost for reasons. Good luck if you back them aswell.

Cheers for now.
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