Another nooob question lol

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gpugs1984
Posts: 6
Joined: Tue Jan 31, 2017 11:08 am

I have been lurking in the background for a few months playing would be the best word to describe it and it get expensive when you just play lol
I was wondering if there is a rule to lay the least fav i no it can be done by you setting the number of the fav you wanted
I.e if there was 6 runners in a race like on dogs i could set it to 6 and thats that but im wondering if there was a way for the software to look at it and say there is 12 in this race il lay the 12 th then in the next race if there is only 5 it will automatically lay the 5th.
This way no matter what event/sport i wanted to try i can select the same baf
Not sure if im making sence anyone understand lol
cybernet69

gpugs1984 wrote:
Thu Jun 15, 2017 12:59 am
I have been lurking in the background for a few months playing would be the best word to describe it and it get expensive when you just play lol
I was wondering if there is a rule to lay the least fav i no it can be done by you setting the number of the fav you wanted
I.e if there was 6 runners in a race like on dogs i could set it to 6 and thats that but im wondering if there was a way for the software to look at it and say there is 12 in this race il lay the 12 th then in the next race if there is only 5 it will automatically lay the 5th.
This way no matter what event/sport i wanted to try i can select the same baf
Not sure if im making sence anyone understand lol
Not a good idea to be on the moonshine and backing, laying or trading. :lol:
gpugs1984
Posts: 6
Joined: Tue Jan 31, 2017 11:08 am

Haha
Bluesky
Posts: 420
Joined: Mon Sep 19, 2016 9:26 pm

gpugs1984 wrote:
Thu Jun 15, 2017 12:59 am
I have been lurking in the background for a few months playing would be the best word to describe it and it get expensive when you just play lol
I was wondering if there is a rule to lay the least fav i no it can be done by you setting the number of the fav you wanted
I.e if there was 6 runners in a race like on dogs i could set it to 6 and thats that but im wondering if there was a way for the software to look at it and say there is 12 in this race il lay the 12 th then in the next race if there is only 5 it will automatically lay the 5th.
This way no matter what event/sport i wanted to try i can select the same baf
Not sure if im making sence anyone understand lol
Can't help you with the automation unfortunately, but I think you need to be careful with this strategy. It has been tried countless times in the past and what happens is you have an extremely high win rate. Quite often over 90%, so you can have periods of long winning runs and be under the impression you have trading sorted. Then two or three losers can wipe out all your profits and more.
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ANGELS15
Posts: 896
Joined: Wed Mar 22, 2017 9:57 am

Basically you want to lay the biggest priced runner? I wouldnt reccom end it as a long term strategy. for one
thing you would need a pretty decent sized bank and the odds of reward wouln't be great although theoretically you could enjoy fair 'winning' runs. I'll tell you a couple of quick stories from my punting days. By the way I am also new to trading. I remember about 15 years ago having a terrible day couldn't win to save my life. A hurdle race was just coming up The fighting fifth hurdle at Newcastle a famous champion hurdle trial. There were 3 or 4 hotpots in the race all cheltenham bound. There was a 33/1 shot in the race called 'The French Furze'. I said to myself if anyone was brave enough surely they would lay this as it had absolutely no chance, would you believe it The French Furze won. In later years I developed a strategy of backing big price
horses as long as they fit certain criteria. This could involve backing more than one outsider in the field if necessary. A few years ago there was a hurdle race where Tony McCoy was riding and odds on shot. There was a horse running called See You at Midnight 66/1 but 220/1 on the exchange. I backed the outsider and it won. Just to show the beauty of exchanges on another occasion Tony McCoy was on another odds on in a
smallish field there was a 66/1 chance can't remember the name anyway I backed it on the exchange at 609/1 and it won lol.
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bennyboy351
Posts: 332
Joined: Sat Jun 07, 2014 6:01 pm

Been there - done that. AND I've paid heavily to learn that it ISN'T the way to go!

Yes, you MAY make short term profits - and they may look nice, but eventually, you WILL come across that 25-33/1 'sure-fire loser' that will win and wipe out your bank! If it was that easy, we'd all be doing it! :roll:
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Frogmella
Posts: 245
Joined: Mon May 30, 2011 2:44 pm

Before using any simple laying strategy....
Read this thread:

http://www.betangel.com/forum/viewtopic.php?f=5&t=13595
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jimibt
Posts: 4194
Joined: Mon Nov 30, 2015 6:42 pm

Frogmella wrote:
Thu Jun 15, 2017 1:36 pm
Before using any simple laying strategy....
Read this thread:

http://www.betangel.com/forum/viewtopic.php?f=5&t=13595
yup, i recall that thread and the various hoops you navigated trying to find an elusive *safe* lay candidate in the 12-20 range... it always amazes me that seemingly random acts usually end up balancing (at best) these kind of approaches to zero-sum.
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