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TheSnapper
07 Jun 10 08:28
Joined:
Date Joined: 20 Jun 05
| Topic/replies: 363 | Blogger: TheSnapper's blog
I'm back up and running in June. I've been laying at Betfair SP as BTO recommends. The effect seems to have been very positive from a laying point of view in "absorbing" value of the big steamers and reducing variance in the overall return.

Results June 1- June 6
Total Bets: 139
Total Stake Laid:$556,19
Total Profit: $60,78
Profit after commission: 10,93%

Good luck to all my fellow bookie friends. Keep the horseshoes down! All the best to Beat, Tober and Tame.
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Report tobermory • June 8, 2010 12:53 AM BST
Good Lucky Guys, i am out of this .

Was meaning to have one last full day at it but now find i am working every day til World Cup starts and will use the money on that.

So the 1 race i bet on today turns out to be the final one , thoug i didn't know it at the time. Was typical of recent disasters. ..... Got Aroundthebay matched early , see the race is underway, check the screen to see what my liabilty was, watch race, pleased to see something  called Piazza San Pietro win instead, then look back and see i am £8.80 Red on that Cry  Must have been matched right on the off, and then the Betfair screen didn't update til they were halfway down the track.

Amazing how almost every time that , for whatever reason , i watched a race unaware that i had layed a particular runner , that it turns out to be the winner.

Finished on £279.40 after 652 Races  . If i win on the World Cup i will probabaly have another go with whatever bank i have, though maybe with some changes.
Report TheSnapper • June 8, 2010 7:41 AM BST
All the best tober...it ain't easy. Take a break. Analyse your data. Plug the leaks.

June results to date:
Total Stake: $631,75
Total Profit:$104,30
Profit after commission: 16,51%
Report TameTheTiger • June 8, 2010 7:47 PM BST
Hopefully I've plugged a leak last couple of days.
DANNY ZUKO 720 BANGOR was the first winner I've layed in 20 bets.More importantly,my average lay price is only 7.5% higher than the SP.
Report TheSnapper • June 9, 2010 7:15 AM BST
Results to date:

Total Stake Laid: $704,51
Total Profit: $91,74
Profit after commission:13,02%
Report TameTheTiger • June 9, 2010 1:27 PM BST
hmmm...I see you lost yesterday,yet I made 3 points profit.The run of 19 ended with 4 of the next 7 winning.
Report Beat The OverRound • June 9, 2010 6:26 PM BST
Thought I'd point out that using small stakes, you aren't bringing the commission down by much.
I'm not for a moment suggesting anyone use large stakes without first having built up a reasonable bank and confidence.
Just pointing out that the profits accumulate to better percentages when you've been doing it for years and your stakes are much higher, therefore commission is lower and profits are better.
All the best for June guys.
Report TameTheTiger • June 9, 2010 7:29 PM BST
Lowering the commission can make a huge difference.More than people realise.I have the bank ready and waiting,I just don't have the confidence to use it yet.
Report I.quit.my.country • June 9, 2010 7:34 PM BST
Back   
Your
Odds
Your
Stake
Your
Profit
Leonid Glow    4.6    30.00    108.00
4.7    500.00    1,850.00
Tadalavil    7.8    10.00    68.00
Lay   
Backer's
Odds
Backer's
Stake
Payout
Liability
Leonid Glow    4.1    10.00    31.00
4.3    29.41    97.05
4.5    500.00    1,750.00
Tadalavil    6    50.00    250.00



I've wrote how to do it.......laying a 6/1 shot but I only pay out 7/2.......easy peasy, all day every day
Report TameTheTiger • June 9, 2010 7:56 PM BST
easy peasy except when the market goes against you and you have to lay well over the odds.
Report TheSnapper • June 11, 2010 7:04 AM BST
June Results to date:
Total Stake Laid: $865,54
Total Profits: $43,18
Profit after commission; 4,99%
Report TameTheTiger • June 11, 2010 9:33 AM BST
Noticed a lot of shorteners winning last couple of days.I managed to avoid some of them,but could still only break even on the ones I layed.
Report TameTheTiger • June 11, 2010 6:31 PM BST
Just done your trick Toby.Thought I'd had a winning race,only to find I'd layed the winner right on the off.Instead of being £30 up I'm level.
Report TameTheTiger • June 11, 2010 9:35 PM BST
Total P&L:  £0.07

Horse Racing    Showing 1 - 20 of 123 markets


Sometimes you just have to laugh.
Report TheSnapper • June 12, 2010 11:25 AM BST
Yep. I know that feeling...
Report TameTheTiger • June 13, 2010 10:17 PM BST
Horse Racing: £4.21 | Soccer: £40.81  Total P&L:  £45.02

Horse Racing    Showing 1 - 20 of 151 markets

Making 2.7p per race now.
Things are looking up !
Report TheSnapper • June 14, 2010 7:30 AM BST
June Results to date:

Total Stake Laid: $1 224,01
Total Profit: $76,10
Profit after commission:6,22%

Laying all at Betfair SP.
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