Value lays in running - advice required

[Lozzer1]

Hi, I'm looking for some advice on a project I have running at the moment.

I have set up a automatic spreadsheet that looks for all horses above 25.0 (Back). It then flags these horses in the spreadsheet.

In running, if any of these flagged horses back prices falls below 10, the spreadsheet then fires in a lay bet at the current lay price.

it has ran good so far on the training mode on £2 lays. Over the week I have had 62 winning bets and 1 loser @11.0

Before I step into the real world with my money can anyone see any major pitfalls with this?


Thanks

[Dallas]

The results so far are promising, even though your over £100 up it will only take a few more wins to wipe most of this out, i would suggest you run for at least several hundred races - the more the better to build up a accurate picture of how it will do. If its profitable now it still will be in a few months and if it's not you saved yourself some cash.

[PeterLe]

then fires in a lay bet at the current lay price.

This is dangerous unless you have your stake set by liability..Ive had a lot of big priced winners and at some time you will lay at odds that will wipe you out.

If you do want to do this, suggest you have a condition that checks the max lay odds too

Regards
Peter

PS Automated lay strategies are hard to come by, especially if you are look for low odds.
Also suggest you incorporate the book percentage rule

[ronniem]

Morning Lozzer1

How did the results go on Monday 14th September?

It has happened to all of us at some point. I have a rough spreadsheet that you can test against Timeform results if you are interested. PM me.

The only people making money here, are the people who peddle BetAngel.

Sorry
ronniem

[seale]

I ran this against 2 years worth of data.
Doesn't look good - a loss of around 2300 points.
This assumes that your lay gets matched at 10 (which would not be the case).
.....backing it seems quite profitable though !

[LinusP]

I will lay you at 10