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General Betting
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Hi
Can anyone help?
I'm interested in playing the bookie. All I want to know is if the overound is less than 100% on the lay side and I match all selections with an equal stake then over time does the theory go that I should return a profit?
Can anyone point me in the right direction to read about successful strategies to achieve a profit laying?
Can anyone help?
I'm interested in playing the bookie. All I want to know is if the overound is less than 100% on the lay side and I match all selections with an equal stake then over time does the theory go that I should return a profit?
Can anyone point me in the right direction to read about successful strategies to achieve a profit laying?
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Replies: 10
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Doh!
It's the other way around, nevermind! http://www.bettingmarket.com/overround.htm |
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extremely difficult to achieve, plenty of bots scour for underound/overound discrepancies and the prices move very fast in the 10 mins before the off leaving you with plenty of unmatched horses
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Unless you are laying well over 100% you will lose to commission
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Copy the bookmaker markets you won't be far wrong but get very little action.
On tight markets you are competing against betfairs “Improved bet matching algorithm”. |
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Lay the firmers only at the last possible price.
You cannot act like a traditional bookie on here, because outsiders and drifter can be more than 50% longer than the bookies. However, you can act like a bookie who has the greatest exposure on the shortest priced firmer. From there, you need to build your bank to lower commission as much as possible. |
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tobermory, if you are laying to a profit no matter how small, the comm can only be a fraction of the profit surely, and cannot theoretically exceed the profit, can it ?
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Make a 101% book.Comm would be 5% of the 1% profit,so still a profit.
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Exactly.
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This assumes that you can scrape 1% on most races.
It's an awesome load to bear when things go wrong even with stop losses and you're only getting 1% on the successful books. Unless you're a genius, it's not worth the trouble because not only are you paying 5% of the 1% profit, you are also paying premium charges on top of that. One bad book can ruin a whole days or even weeks work. There are much easier ways to make a quid on here, and never pay the premium charge imho. |
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well yes
 You would need so much stake money to make good profits with 100.95% return though. |