Lay Bet Systems
Hi everyone
On 7th. January 2007, I looked at the horse race laying systems currently being proofed with a well-known, independent proofing service. I was shocked. Only 55% of the systems, currently being proofed, were profitable at SP! The rest (45%) weren't.
Now, you can't go to your friendly local bookmaker and lay a horse. That's his job! So, you have to use one of the betting exchanges when laying a horse.
If one takes a nag, at random, you will find that the betting exchange odds, on average, are approximately 20% higher than SP. At the higher-end of the SP odds, the betting exchange odds can be up to 10 times higher than SP. I could explain the reason for this, but I'll leave that one for another day.
Also, betting exchanges take up to 5% commission on winning bets.
I ask you, given all that, how's a boy supposed to earn a decent crust in this world?
Anyway, moving on....
I increased the odds of the selections of the systems being proofed by 20% and included the 5% commission levied by the betting exchanges on winning bets.
What did I find?
You may well ask!
Only approximately 15% of the systems being proofed are profitable at betting exchange odds and commission. The other 85% aren't.
So. There you go. You shell out your hard-earned hoping to make your fame and fortune and, what do you find? Youv'e purchased a system that isn't profitable. Well, whoop de bloody doop!
I ask you again, given all that, how's a boy supposed to earn a decent crust in this world?
At this point, I feel that it is only fair to point out that the above figures are based upon a staking plan devised by the proofing service and not the staking plans associated with the individual systems. Even so, it's gonna take one hell of a staking plan to make some of the systems on sale profitable!
Anyway, that's my rant for today.
More to come.
Stay tuned.
Psycho