Jeff/All,PeterLe wrote:When I close, I always try to offer, it doesn't always work, but a lot of the times it does. On 800 races in the summer, it adds up.
Although not always possible when opening the trade; the same applies.
If you were to take your spreadsheet and create a couple of new columns (you can use a lookup command to an odds table) and calculate just one tick above your back price and just one tick below you lay, then check you figs again; you will find a massive difference. (Obviously that would be a perfect world, but just assume you only got it 50% of the time?)
In an analogy drawn from the car world, the lengths manufacturers go to to squeeze an extra 1 MPG out of a gallon of diesel is astounding (even special tyres and aerodynamics)
It all contributes towards the "line line" of profitability we talk about in the forum. Sometimes these tiny cages can make a world of difference.
i was doing some testing this evening from 17:20 onwards..as I am tweaking something...then I remembered this post...
I just worked out that if I had asked for more more tick during greening (in running) this evening on every trade, i would have made (before commission) an extra 26.5% return overall
Im not saying I would have got matched on every bet, but nevertheless quite significant
It just goes to show that whilst entry points are key, exit points are arguably not that far behind!
Anyway, just thought Id throw that one in..
Regards
Peter