Backing the Fav to a fixed liability

[mikehemmins]

Hi...

So I've looked at an interesting video from Peter regarding backing the Fav for a fixed liability. I get all he said and understand the mechanics of the strategy. However my issue is, (i) I assume you really need to be involved in every race of the day, or statistically any race missed, could be one of the 35% that win (?), and (ii) how do you determine which horse is the favourite if you have two or even three fighting right up to the off?

Any responses greatly appreciated

MH

[Anbell]

Hi...

So I've looked at an interesting video from Peter regarding backing the Fav for a fixed liability. I get all he said and understand the mechanics of the strategy. However my issue is, (i) I assume you really need to be involved in every race of the day, or statistically any race missed, could be one of the 35% that win (?), and (ii) how do you determine which horse is the favourite if you have two or even three fighting right up to the off?

Any responses greatly appreciated

MH

The 35% number is an average over all the races. The chance that any particular favourite wins is reflected in the price of that horse.

[andy28]

You could automate it, get the automation to fire at a given time (when ever you want it to) set it to take book% with the liability you want. Just test it in PM to make sure it does what you want first