The ten fastest ways to the poor house.

[sweetybt]

Number 1

Laying Tony McCoy for 1000/1 in running while he is still sitting on a horse.

The guy's a genius.

thanks AP

[oddstrader]

Number 1

Laying Tony McCoy for 1000/1 in running while he is still sitting on a horse.

The guy's a genius.

thanks AP

Number 2 - refer to number 1.

[Euler]

I am sure the guy could win riding a dead cow.

[Iron]

I don't understand why people lay at 1000.

If the true odds of a 999/1 horse are 99,999/1, you're still only going to win 94p for every grand you risk!

BTW, I believe the first 1000 to win was ridden by McCoy. He got dismounted, but so did the other jockeys, and he remounted his horse and went on to win!

Jeff

Number 1

Laying Tony McCoy for 1000/1 in running while he is still sitting on a horse.

The guy's a genius.

thanks AP

[rhysmr2]

I don't understand why people lay at 1000.

If the true odds of a 999/1 horse are 99,999/1, you're still only going to win 94p for every grand you risk!

BTW, I believe the first 1000 to win was ridden by McCoy. He got dismounted, but so did the other jockeys, and he remounted his horse and went on to win!

Ha, that's unbelievable! http://www.youtube.com/watch?v=ZnE-q5rOEKQ

I suppose the reason people lay at 1000 or back thousands at 1.01 is because nearly all the time they will make money. On the rare occasion they don't they must get hit really hard!

[Iron]

True.

Years ago, I regularly place laid rank outsiders, having read somewhere that such horses rarely finish anywhere! At first, I thought it was the easiest money I'd ever made, but the market soon taught me I was wrong!

Oh well, you live and you learn...

Jeff

I suppose the reason people lay at 1000 or back thousands at 1.01 is because nearly all the time they will make money. On the rare occasion they don't they must get hit really hard!

[Predicton]

When I straight punt, I never back anything under 14/1 (there are other criteria of course, which incidentally aren't secret I put them on a blog I did for a while a couple of years back) as a lot of analysis I did on flat turf handicap racing showed that, that was the area bookies are most likely to overlay. Given that, I suppose that there was a fair chance your lay strategy would fail Jeff,

cheers, P

[Euler]

I tend to back big priced outsiders simply on the basis that people are laying them for 'easy' money.

[Iron]

Hi Prediction

It's not a strategy I would ever use now. I now only bet when I have a good reason to believe the odds are in my favour. And if you're laying at high prices, even if you do have an edge, your ROI is going to be small, unless the market odds are massively out.

Re: Longer odds horses - My guess is that the bookies know when they are offering a value bet, but are still happy to do so with outsiders. Partly, because it balances their books. And also, it fools the betting public into assuming the horse is a no-hoper, possibly reducing the bookmaker's liability if fewer bets are placed on it as a result.

What's the address of your blog?

Jeff

When I straight punt, I never back anything under 14/1 (there are other criteria of course, which incidentally aren't secret I put them on a blog I did for a while a couple of years back) as a lot of analysis I did on flat turf handicap racing showed that, that was the area bookies are most likely to overlay. Given that, I suppose that there was a fair chance your lay strategy would fail Jeff,

cheers, P

[Iron]

Do you have any criteria to decide which outsiders to back?

Jeff

I tend to back big priced outsiders simply on the basis that people are laying them for 'easy' money.

[Predicton]

Hi Jeff,

my blog, short lived as it was was on Blogger, under Predicton's Progress,

cheers, P

[Iron]

I've just Googled it, but nothing relevant came up, so it may have expired.

Jeff

Hi Jeff,

my blog, short lived as it was was on Blogger, under Predicton's Progress,

cheers, P

[Predicton]

Curious, I'm looking at it now. What an horrendous photo. Completely spoils the view

[Iron]

What's the website address?

Jeff

Curious, I'm looking at it now. What an horrendous photo. Completely spoils the view

[Predicton]

You'll have to bear with me Jeff, I'm a dinosaur when it comes to computing, however the address of my profile which has a link to the blog is :-

http://www.blogger.com/profile/07000151143897735977

I hope that helps,

cheers, P