Worked perfectly,
Got matched at 1.5, went in again at 1.2 and 1.1, obviously he fell so good profit.
I have to say i take absolutely no pleasure in profiting when a horse is injured like this. Leaves a bad taste in my mouth to be honest. Hope he is ok
Laying Short priced runners
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No Sea to Rough
- Posts: 27
- Joined: Sat Sep 10, 2011 6:11 pm
Im still getting used to BA and havent grasped trading out yet, I did lay before the off in the end good profit. thank you
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Had he not fallen you would have lost would you not? There were only 3 or 4 fences left to jump so bar falling his odds were unlikely to drift by the time you were laying 1.1 as no other horse was in with a chance bar him falling.
So in such cases do you just take the full loss?
So in such cases do you just take the full loss?
Last edited by andyfuller on Tue Nov 22, 2011 1:32 pm, edited 1 time in total.
Andy, the 1.5 was matched before that so I had profit "in the bank" I just reinvested the profit I had made to lay again at 1.2 and 1.1. The strategy rely s on jumping errors or coming under some sort of pressure and the over reaction to this in the market.andyfuller wrote:Had he not fallen you would have lost would you not? There were only 3 or 4 fences left to jump so bar falling his odds were unlikely to drift by the time you were laying 1.1 as no other horse was in with a chance bar him falling.
So in such cases do you just take the full loss?
He looked the winner, no question. That's the point. If the horse looks likely to win then the price drops accordingly. It's all about the panic in the market. Just watch a couple of races on the ladder interface, the way the odds jump is scary. Also look out for the "road blocks" huge amonts that are waiting to be matched that look out of place, these are seldom wrong. Obviously tracksiders. That can be used too.
The same just happened in the 1:30 Trustan Times, he was trading at less than 1.1 then hit a fence and went out to over 2.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
I was speed reading it between races and missed that you had already been matched at 1.5 my mistake.mugsgame wrote:Andy, the 1.5 was matched before that so I had profit "in the bank" I just reinvested the profit I had made to lay again at 1.2 and 1.1.
One thing though, I never understand the 'reinvest' some of my green argument. As far as I am concerned if I go from being £100 green to £98 green on a horse I have lost £2.
Just because it isn't in my bank yet doesn't in my eyes mean it isn't profit. So I therefore don't say to myself I will go in again as I already have a nice profit on the race. I treat each trade as a new one regardless of what I have won/lost before.
I know Peter often says if he has a green on a race he will use some of that to back outsiders but to me that decision should not be based upon if you are green or not. It is either a good trade to take or not so if it is good enough to put some on if you are green on a race then you should still do it if you have lost money already on the race.
Hope that makes sense.
BTW I do a lot of my trading inrunning these days for some of the reasons you mention.
k at 1.8?