Tuesday, November 6, 2007

Rules and Money Management

Some lay selection might go over 10-1 SP, do not lay over 10-1 SP.
We only lay upto 10-1 and below SP.

When refering to prices always refer to bookmakers prices as betfair prices are unrealiable.

For an indication on SP price go to the following website a few minutes before the race starts
http://odds.bestbetting.com/ it is one of the best sites with auto refresh of the prices.

or use the forecast prices to lay during the day as an indicator, but if you have the time try laying a few minutes before the race starts (say 2 to 4 minutes) to get the best prices and as close to SP as possible.

If you layed during the day and the price went over 10-1 just before the race starts, simply hedge your position for a small guaranteed profit as this selection would have not qualified as a lay trade as it has exceed the max 10-1 SP limit.

I repeat, Do not lay over 10-1 SP as the risk is to high.

Money management:

conservative: divide bank by 400, the figure you get is your lay bet.
agressive: divide bank by 200, the figure you get is your lay bet.

You can do this weekly or monthly.
I my self prefer monthly.

Follow my rules and you will make alot of money.