Can you understand in running markets?

[Dallas]

That's poor

Begs the question though......is he just a bad apple, or does this happen elsewhere in the industry and he's just unlucky to be caught?

Amoungst the unknown yards with only a few horses using unknown jockeys and everyday joe public owners who have a tight little group could make a nice little earner from it, i would think its not to difficult to recoup the costs of a low grade horse by running it at wolverhampton 40-50 times and instead of chasing the 2k winners prize lay it for 10 times that each race.

[PeterLe]

Hi PeterLe,
I was very interested to read your post above re Milan Bound etc. Thanks for sharing your knowledge. Can i ask please: Why does it help if you don't have an offset bet..ie a lay bet in the rule? (Have i understood correctly?) If u had a very low offset..say 2 or 3 on a horse that u think is likely to be involved in the finish...why would it effect the automatic placing of your high figure IR back bet?
Also..have you found that this strategy works better for jump than flat races...or not?
Many thanks for any advice.
Cheers,
Black Ice

Hi
Let me try and explain by way of an example.
I had an inplay back/lay system.
When I extracted the bet history to excel, sorted on col D (Bet type, ie back or lay) I found that if I had only ever used the back bet my profits on that system would be much higher than if I had used a back/lay, ie rather than greening up the market when it was favorable to do so, I let the bet stand, only winning if the horse won.
This is because when you place the lay (ie a greening function), the odds it was greeening against were not value
It just meant that the P&L could go longer without a win, but overall it was much better to do it that way.
Others benefits are that it save transactions (ie1000/Hour), which could be used in other strategies
regards
Peter

[LeTiss]

That doesn't surprise me at all, Peter

We've had discussions on this forum before about greening up vs leaving a full green on a selection

The general consensus was that it's always best to green up due to the efficiency of BF markets, but that probably doesn't apply to 'in play' horses where everything happens so quick and prices are jumping around like crazy

[lord]

In relation to the news story linked above.

Getting the handicap mark down for trainers so they can get a win out of the horse for the owner is standard practice. Entering the horse when not fit, over the wrong distance, on the wrong ground with a compliant jockey is how they are able to stay in business.

Most owners want a win out of their horse and if the trainer can provide the win it is far more likely that the owner will continue paying the bills and may even purchase other horses and place them with the trainer.

When the trainer is looking to get the mark down in many cases he will inform the owner "i don't think today is the day", and the owner can profit from that info.(including in running) The news story highlighted isn't really news because everyone knows it goes on, it just happens to be related to a racecourse representative so has some more legs.(no pun intended)

If you know or learn how the industry works then backing and laying horses becomes easier, ally this with learnt trading skills over time, and watching a lot of markets, and you should give yourself a fighting chance to make regular profits on the Exchanges.

Peter extols that all the info is on the screen and no outside sources are needed, and in many cases you can successfully trade with nothing but the figures in front of you but surely the more info you have the better decisions you can make, such as knowing that the horse that is being supported has as much chance of winning a 0-95 handicap as you do and is very likely to drift, you can be ahead of this drift IF you have the knowledge.

As for in running always remember the bookies are trading and they are better informed than all of us. A level playing field it is not, we can just try to make it less steep.