New Posts For Thread: Many people back/lay for minimal profit to keep commission at 2% ?https://community.betfair.com/horse_racing/go/thread/view/94102/30837313/many-people-backlay-for-minimal-profit-to-keep-commission-at-2...salmon spray 06 Apr 17 09:53 So what do you do Mr Shafter. Sticking to horse racing back something to win and lay it in a place market or something along those lines ?i dont do anything...60% is better than nowt.https://community.betfair.com/horse_racing/go/thread/view/94102/30837313/many-people-backlay-for-minimal-profit-to-keep-commission-at-2?post_id=551588765#551588765salmon spray 06 Apr 17 09:53 So what do you do Mr Shafter. Sticking to horse racing back something to win and lay it in a place market or something along those lines ?i dont do anything...60% is better than nowt.Thu, 06 Apr 2017 06:39:23 -0500Yeah, in theory it can't be that hard to have a break-even strategy. People always say BFSP is incredibly accurate.Maybe a more practical factor is how much you need to bet as a ratio to your expected weekly profit and PC. If you're expecting to winhttps://community.betfair.com/horse_racing/go/thread/view/94102/30837313/many-people-backlay-for-minimal-profit-to-keep-commission-at-2?post_id=551588669#551588669Yeah, in theory it can't be that hard to have a break-even strategy. People always say BFSP is incredibly accurate.Maybe a more practical factor is how much you need to bet as a ratio to your expected weekly profit and PC. If you're expecting to winThu, 06 Apr 2017 06:17:38 -0500If you knew that you're 2.05 bet would win exactly 50% of the time then of course it's worth it, but how can you be so sure.obviously you can't, but its just an example of how adding in marginal bets would reduce PC (and it could be 20 @ 100 not 2 @https://community.betfair.com/horse_racing/go/thread/view/94102/30837313/many-people-backlay-for-minimal-profit-to-keep-commission-at-2?post_id=551588607#551588607If you knew that you're 2.05 bet would win exactly 50% of the time then of course it's worth it, but how can you be so sure.obviously you can't, but its just an example of how adding in marginal bets would reduce PC (and it could be 20 @ 100 not 2 @Thu, 06 Apr 2017 06:00:00 -0500You're right about not winning £100% of the time, but I've had weeks where commission generated is less than 4% even though my commission rate is above 4%.Also, if you're winning £1000 per week trading, winning £20 here, losing £10 there, then hahttps://community.betfair.com/horse_racing/go/thread/view/94102/30837313/many-people-backlay-for-minimal-profit-to-keep-commission-at-2?post_id=551588585#551588585You're right about not winning £100% of the time, but I've had weeks where commission generated is less than 4% even though my commission rate is above 4%.Also, if you're winning £1000 per week trading, winning £20 here, losing £10 there, then haThu, 06 Apr 2017 05:54:33 -0500I thought the debate was about 2% commission? Finding marginal bets that show a long term slight loss/breakeven/slight win *after commission* will reduce premium charge as the betfair charge credited will always be more than the actual commission pahttps://community.betfair.com/horse_racing/go/thread/view/94102/30837313/many-people-backlay-for-minimal-profit-to-keep-commission-at-2?post_id=551588517#551588517I thought the debate was about 2% commission? Finding marginal bets that show a long term slight loss/breakeven/slight win *after commission* will reduce premium charge as the betfair charge credited will always be more than the actual commission paThu, 06 Apr 2017 05:37:02 -0500So what do you do Mr Shafter. Sticking to horse racing back something to win and lay it in a place market or something along those lines ?https://community.betfair.com/horse_racing/go/thread/view/94102/30837313/many-people-backlay-for-minimal-profit-to-keep-commission-at-2?post_id=551588075#551588075So what do you do Mr Shafter. Sticking to horse racing back something to win and lay it in a place market or something along those lines ?Thu, 06 Apr 2017 03:53:51 -0500I have never sat down and worked this out and probably should have. Doesn't the potential to have losing weeks without full PC "rebate" muddy the waters re increasing turnover (and thus commission paid) through long-term marginally profitable / breahttps://community.betfair.com/horse_racing/go/thread/view/94102/30837313/many-people-backlay-for-minimal-profit-to-keep-commission-at-2?post_id=551588055#551588055I have never sat down and worked this out and probably should have. Doesn't the potential to have losing weeks without full PC "rebate" muddy the waters re increasing turnover (and thus commission paid) through long-term marginally profitable / breaThu, 06 Apr 2017 03:47:21 -0500Does churning work? Is it worth the effort? If "churning" is backing/laying same event, different market, same price.EG:No churning: Gross £1000 in a week, pay 4% commish (£40), divide by 2 (£20), PC is £180, total charges £220, Net Profit £780https://community.betfair.com/horse_racing/go/thread/view/94102/30837313/many-people-backlay-for-minimal-profit-to-keep-commission-at-2?post_id=551587807#551587807Does churning work? Is it worth the effort? If "churning" is backing/laying same event, different market, same price.EG:No churning: Gross £1000 in a week, pay 4% commish (£40), divide by 2 (£20), PC is £180, total charges £220, Net Profit £780Thu, 06 Apr 2017 02:44:23 -0500the bets need to be on the same event but differing markets..hthhttps://community.betfair.com/horse_racing/go/thread/view/94102/30837313/many-people-backlay-for-minimal-profit-to-keep-commission-at-2?post_id=551586243#551586243the bets need to be on the same event but differing markets..hthWed, 05 Apr 2017 17:28:39 -0500You wont have a couple of bets like that every day thats the point, they are two bets in a SERIES of betshttps://community.betfair.com/horse_racing/go/thread/view/94102/30837313/many-people-backlay-for-minimal-profit-to-keep-commission-at-2?post_id=551586199#551586199You wont have a couple of bets like that every day thats the point, they are two bets in a SERIES of betsWed, 05 Apr 2017 17:22:29 -0500