Is there an existing formula to back a horse at the BSP and lay the same horse to obtain a 50% ROI?
Back @ BSP and lay at using formula
Lay Price = (Back Stake/Lay Stake)xBSP
The lay stake = (Back Stake x 50%)+Back Stake
This generally works out much more profitable than using the Bet Angel formula
Example Back a horse at 4.0 with £2 stake using my formula
The Lay Stake = (£2x50%)+£2 = £3
The Lay Price =(£2/£3)x4 = 2.66
Bet Angel will back at 4.0 and lay at 2.0
This has less chance of matching
I am looking at backing several horses each day and automation would help enormously
Your help would be gratefully appreciated
Best regards
John
