Layers Of Profit (Mk II) – Days 32 to 37
Trial details
Lay on exchange (using Betfair here) with max odds of 4.0
Starting bank was 35 pts (£350) using 1 pt = £10
Days 32 to 37
Bank at start of day : 42.64 pts (£426.40)
Selections :
| Date | Time | Course | Selection | BFSP (Lay) | Position | Profit |
| 12/08/2010 | 04:25 | Beverley | Mica Mika | 5.3 | 6th/10 | No bet |
| 13/08/2010 | 05:25 | Newbury | Cape Quarter | 5.9 | 3rd/9 | No bet |
| 14/08/2010 | 05:05 | Newmarket | Munsarim | 4.3 | 4th/6 | No bet |
| 15/08/2010 | 05:10 | Pontefract | King Of Swords | 5.8 | 3rd/8 | No bet |
| 16/08/2010 | 07:30 | Yarmouth | Piddies Power | 3.7 | 3rd/8 | 0.95 |
| 17/08/2010 | 04:55 | Brighton | Eager To Bow | 2.72 | 2nd/6 | 0.95 |
Profit/Loss : +1.90 pts (+£19.00)
Cummultative Profit/Loss : +9.54 pts (+£95.40)
New Bank : 44.54 pts (£445.40)
To lay at 4.0 or not?
The figures above all reflect the maximum lay price of 4.0. Just for information, if you had layed every selection regardless of BFSP, after day 37 you would be +21.19 pts (+£211.90) in profit rather than the +9.54 pts (+£95.40)
The above figures relate to laying at £10 stakes – in fact, my tinkering in Excel has revealed the following. If you started with a betting bank of £370 on day 1 (the liability of the first selection if laying at £100) and laid each selection every day at £100 at the BFSP, you would be £2119.00 in profit and your bank would be standing at a tasty £2489. There are 2 caveats to this, 1) Assumption is that each bet actually gets matched at that stake and 2) I wouldn’t expect – or advise – anyone to risk their initial bank balance in one hit!
It is just merely an illustration that I thought was interesting.
Cheers,
Sgt Rob.
