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A coupe of reasons, I often lay favourites and so the prices sometime shorten in the minutes before the race so I win more at SP rather than committing at higher odds earlier in the day, it's rare I am watching in the minutes before the race as I tend to put bets on around lunch time, bet and forget. Plus laying SP on Betfair it's easy to lay a fixed laibility regardless of the odds and keep control of my exposure.
Still watching the 16:05 at Wolves today, pricing not quite there yet for a quailfying bet.
Bet won £4.75. SP odds matched at 6.00. New betting bank total £235.01
Song of the day: The Proclaimers - I'm On My Way
Unfortunately missed it as I had to go out, I will check back later. I believe Betfair are the only company that let you lay but I can oppose on spreadex or sporting index.
Thanks
There's Betdaq but the liquidity and cash volume isn't as big as BetFair Exchange
Today's bets:
I have a degree of nervousness on these bets! We'll see.
- Newcastle 17:15 Gold Brocade WIN £3.89 match at odds of 7.09
- Newcastle 17:45 Midnight in Havana WIN £5.52 matched at odds of 5.30
New betting bank total £244.4213:30 Southwell
18:30 Wolverhampton
Will look again later and see how the prices shape up
Southwell is a no go, Wolves still looks likely, will wait to place bet until this evening though.
Today's bet:
Southwell 13:35 Bee Machine
£25 lay liability SP
betting bank now stands at £247.46
This is really interesting watching how you do this, however I'm clueless with lay betting so had a look.
When I tried to do a £25 SP lay bet, it wouldn't tell me my liability (said TBD) and it appeared I couldn't limit my liability? Or does your stake limit the liability automatically to the same amount?
Cheers!
My head said brake, but my heart cried never.
Laying is the opposite of backing
I don't recommend anyone follows my bets, this is not a tipping service! losing bets are coming and I am not responsible for your losses, I play the long game.