Agree 100% that this strategy will lose. However, although I've never tried it, laying a single horse, whose price has crashed early in running, may give a decent return. Very often, the odds will rise sharply again, shortly after the fall, allowing one to trade out for a nice profit.Ferru123 wrote:Thanks Psycho
Here's another possible losing strategy. When the race goes in-play, offer to lay each horse substantially below its BSP.
My hunch is that the market will take the value and leave the rest. Also, let's say a horse drops suddenly from (say) 2.2 to 1.8 (perhaps because its rival has just fallen), and you had money waiting to be matched at 2.14. Someone would get to back at 2.14 when the true odds are much lower, at your expense.
I've just been number crunching a spreadsheet relating to ~1,400 horses (which includes min in-play odds), and found that blindly laying the sample at prices substantially lower than the BSP would have led to a hefty loss.
What do you guys think?
Jeff
Psycho