Lay high back low

[firech8787]

Hi all I'm a newbie so this may have come up before.

Just looking at a strategy of laying a horse at 10 for £10 with £90 liability

Then if it comes steaming in backing it at 1.5 for £180 therefore making sure I don't lose money.

Any opinions on this? Has anyone tried it. Shouldn't be hard getting matched at 1.5 for £180.

Obviously worse case scenario if it reaches 1.5 or lower then loses...

[Anbell]

Hi all I'm a newbie so this may have come up before.

Just looking at a strategy of laying a horse at 10 for £10 with £90 liability

Then if it comes steaming in backing it at 1.5 for £180 therefore making sure I don't lose money.

Any opinions on this? Has anyone tried it. Shouldn't be hard getting matched at 1.5 for £180.

Obviously worse case scenario if it reaches 1.5 or lower then loses...

Why do you think this might be profitable?

[Fugazi]

Hi all I'm a newbie so this may have come up before.

Just looking at a strategy of laying a horse at 10 for £10 with £90 liability

Then if it comes steaming in backing it at 1.5 for £180 therefore making sure I don't lose money.

Any opinions on this? Has anyone tried it. Shouldn't be hard getting matched at 1.5 for £180.

Obviously worse case scenario if it reaches 1.5 or lower then loses...

Why do you think this might be profitable?

I was about to directly answer OP. Glad you asked this, let OP think about it.

[firech8787]

Nah my bad...the idea of strategy was to lay at higher odds and ideally just watch it drift in play...

But... If it was to come streaming in back at low odds with higher stake as to cover the liability

[firech8787]

The backing at 1.5 was more for insurance in case it came crashing in.

Otherwise just leave it as a lay bet

[Hepburn]

What are you going to do if your insurance bet is taken but fails?

[firech8787]

Yea that's the thing... It can reach 1.5 and get matched... Then go on to lose...

Just wondering if there is the basis of a strategy in there somewhere...

[Fugazi]

OP

You are laying at 10.0

You are then going to back it at 1.5

I think from what youre saying you are going to adjust your stakes so that is net zero , right ?

Explain why this strategy will be profitable ? If there were arbitrary points in time you could place bets and auto profit, would someone have not already spotted this and be a millionaire ?

[Michael5482]

Yea that's the thing... It can reach 1.5 and get matched... Then go on to lose...

Just wondering if there is the basis of a strategy in there somewhere...

You've answered your own question. There is absolutely no basis for a strategy with insurance trading IMO

Just use your reasoning for identifying a drifter, enter the market and instead of insurance look for indicators when a drifter doesn't become a drifter for example you could use a previous support point in the market and if the price reverses back to this level if it bounces off it stay in the trade if it breaks it and the prices moves down this could be your exit. Just an example of course but somewhere to start and think about.

[jamesedwards]

Doomed to failure unless you have reason to believe you have value when laying at 10, and value when backing at 1.5.

Otherwise you're just playing with numbers and will inevitably lose in the long-run by the value of commission + book%.

[Kai]

Lay high back low

As people have pointed out this strategy has more holes than a horse trader's mule

Back high lay low is generally a more sensible concept, why not start from there instead

[Fugazi]

Lay high back low

As people have pointed out this strategy has more holes than a horse trader's mule

Back high lay low is generally a more sensible concept, why not start from there instead

Theres always Martingale

[decomez6]

. Shouldn't be hard getting matched at 1.5 for £180.

when you join the que? are you priced outside 1.50 or at 1.50 without chasing the price down to 1.01
if you don't have TPD to help with in-play delay, you almost likely getting a worse price or no match at all.

considering how other selections are performing race selection will also play a role.

[Archery1969]

Hi all I'm a newbie so this may have come up before.

Just looking at a strategy of laying a horse at 10 for £10 with £90 liability

Then if it comes steaming in backing it at 1.5 for £180 therefore making sure I don't lose money.

Any opinions on this? Has anyone tried it. Shouldn't be hard getting matched at 1.5 for £180.

Obviously worse case scenario if it reaches 1.5 or lower then loses...

You should only ever be offering prices to be laying below 2.0 and offering prices to be backing above 3.0.

Think about it!!!!

[Bobajob]

Hi all I'm a newbie so this may have come up before.

Just looking at a strategy of laying a horse at 10 for £10 with £90 liability

Then if it comes steaming in backing it at 1.5 for £180 therefore making sure I don't lose money.

Any opinions on this? Has anyone tried it. Shouldn't be hard getting matched at 1.5 for £180.

Obviously worse case scenario if it reaches 1.5 or lower then loses...

You should only ever be offering prices to be laying below 2.0 and offering prices to be backing above 3.0.

Think about it!!!!

Unless in-play