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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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Doh!
It's the other way around, nevermind!
http://www.bettingmarket.com/overround.htm
It's the other way around, nevermind!
http://www.bettingmarket.com/overround.htm
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
Unless you are laying well over 100% you will lose to commission
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”.
On tight markets you are competing against betfairs “Improved bet matching algorithm”.
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.
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.
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 ?
Make a 101% book.Comm would be 5% of the 1% profit,so still a profit.
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.
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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