Hi everybody,
I'm quite new to this and I was wondering why I often see huge amounts layed at 1.01 in horse races? What is the purpose of doing that..?
Cheers
Lay bets at 1.01?
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AlwaysLearning
- Posts: 2
- Joined: Tue Sep 01, 2009 11:29 pm
Thanks for the answer.
I guess that is in-play?
I guess that is in-play?
It would be interesting to find out how punters are doing who do this. i.e. lay every 1.01. I can remember backing a football team at 1.01 at approx 91 minutes 2 - 0 up then I think it was Zidane who scored 2 goals in the last bit of extra time. If memory serves I lost about £9000 on that.
From a purely trading point of view there are nice profits to be made if you can lay at 1.01 and trade out at 1.02 or higher.
Very rarely will a 1.01 shot go on to lose the event but you would be very surprised to see how many 1.01 shots go on to trade higher during an in play event. I cant speak for horse racing markets but in other sport in general it does happen.
Very rarely will a 1.01 shot go on to lose the event but you would be very surprised to see how many 1.01 shots go on to trade higher during an in play event. I cant speak for horse racing markets but in other sport in general it does happen.
Ouchyowiejim wrote:It would be interesting to find out how punters are doing who do this. i.e. lay every 1.01. I can remember backing a football team at 1.01 at approx 91 minutes 2 - 0 up then I think it was Zidane who scored 2 goals in the last bit of extra time. If memory serves I lost about £9000 on that.
My tactic is to lay £500 at 1.01 and back £250 at 1.02 in that order for a free bet. I haven't had many big winners yet but I haven't lost much either.
I often lay £1000 for 1.01 on Tennis
It's amazing how often that selection will drift a tick or 2 before eventually winning.
Worse case scenario is a £10 loss, but it only takes a 1.02 trade on the next match to get it back
I remember this time last year Radwanska was playing Schiavone in an indoor tournament. I layed Radwanska(I wish!!) for £1000 at 1.01, then my mum phoned (much to my annoyance). When I came back Radwanska was having a nightmare and had drifted to 1.38 for a £275 profit
It's amazing how often that selection will drift a tick or 2 before eventually winning.
Worse case scenario is a £10 loss, but it only takes a 1.02 trade on the next match to get it back
I remember this time last year Radwanska was playing Schiavone in an indoor tournament. I layed Radwanska(I wish!!) for £1000 at 1.01, then my mum phoned (much to my annoyance). When I came back Radwanska was having a nightmare and had drifted to 1.38 for a £275 profit
On course inrunning punters who can cancel their order in a millisecond, are the chaps who make the huge profits from this strategy. lets just call them expert race readers a la Peter O'Sullivan 
This is not a technique which can be effectively employed at home.
This is not a technique which can be effectively employed at home.