Well nothing from me today had to work late today, got home had a look at the football markets and that was it a LOOK... and i have only just found out that evening racing has returned. So todays P/L = £0.00 :)
I said in previous post about a mate who i intruduced to betfair a month or so ago, well he was made redundant and had a big payout, he has out £1000 into a BF account and is laying horses daily, high risk too !!! lays of £10 @ odds of 10-12, he is a bit of a form study geek, and looks for horses at those odds that in his opinion have very little chance of winning.
he uses bet-ie, places his lay just before the off say £10 at 10's liabilty = £90, but he also sets a stop loss should the odds hit 5's then a back bet is fired thus reducing his liabilty by around 60%/40%.
so far he has laid 109 horse's 2 have won 23 have had the back odds fired so lost nothing and likewise won nothing, so he has had 84 wins resulting is a profit of
£790+ he talking about increasing his stakes once he reaches £2000.
If it were me i would be way to quick to hit the green up button once reached.
cheers for now.
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Hi. You wrote "...so far he has laid 109 horse's 2 have won 23 have had the back odds fired so lost nothing and likewise won nothing..."
ReplyDeleteI am not sure how he loses nothing. If you lay a selection with £10 at 10.0, and the stop loss fires a back bet at 5.0 odds, you should end up with a £10 loss. Or am I missing something?
Only just seen this :)
ReplyDeletelay £10 at 10'2 liability = £90, if back (stoploss) at 5's matched then win = £40 reducing liability to £50 should the selection go on and win with £0 on all other runners hence won nothing/lost nothing