Hi James ,
thanks for a really fantastic reply with so much detail within.
Firstly, i take your point about specialisation and totally agree , which to be fair is what i have done in a sense. i decide on an idea , run with it for 100 races then try something else after it has failed !
You touched on something i don`t fully understand when you say more was matched as lays than backs ? Can you explain what you mean ?. If a price is say 3.00 every £10 bet is matched as a lay for that same tenner so how can MORE be matched on one side ?
Freddy ,
The seed of my idea of backing two in the race came from a recent comment on a thread by Mr Euler no less so the idea can`t be that bad ! When you have 2 shorties and the third is say 8.00+ .
I second the WOW..... I`ll get my coat now....
I appreciate your responses , thanks.
Any mileage in this idea ?
Jozzy,
In your example, then yes it is very likely one horse will come in and one will go out.
A lot of people trade like that including myself it’s a good strategy if your entry / exits points are good.
But backing both horse’s for the reasons that you are serves no purpose whatsoever from what I can see.
The loss on one horse will take away from the profit on another,
So in effect there is no advantage.
But yes you will still make money if you cut your losses /profits at the correct time,
as I said before you could even make money by backing all the horses in some races if there was a streamer big enough to cover the losses.
But it's important to understand that all you are doing in reality is jumping on a trend and hoping it continues.
So why not just do that in the first place ???.
Just Back or lay the horse and try to catch the move.
Maybe The placebo effect is a work here, so if it's making you profits keep doing it
In your example, then yes it is very likely one horse will come in and one will go out.
A lot of people trade like that including myself it’s a good strategy if your entry / exits points are good.
But backing both horse’s for the reasons that you are serves no purpose whatsoever from what I can see.
The loss on one horse will take away from the profit on another,
So in effect there is no advantage.
But yes you will still make money if you cut your losses /profits at the correct time,
as I said before you could even make money by backing all the horses in some races if there was a streamer big enough to cover the losses.
But it's important to understand that all you are doing in reality is jumping on a trend and hoping it continues.
So why not just do that in the first place ???.
Just Back or lay the horse and try to catch the move.
Maybe The placebo effect is a work here, so if it's making you profits keep doing it
Last edited by freddy on Tue Oct 16, 2012 10:58 pm, edited 1 time in total.