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Lay betting can be quite challenging, more so than would seem to be the case and engaging in it properly requires a sufficient degree of experience, so this is probably not something a newcomer would want to plunge into straight away.
Lay bets constitute only a small portion of the markets. For example, a look at a recent upcoming Flemington meeting showed only one Lay bet on one runner in one race of an eight race card.
Since odds fluctuate more or less continuously in the time betwixt when a betting market opens and when it closes, punters have an opportunity to trade a wager in order to profit from a favourable change in odds.
The profit from this activity is only a small percentage on the dividend from a correct wager. This concept of making a small profit for the reduced risk of shedding a wager before the event is very familiar to anyone who speculates in financial instruments, such as the stock market or retail currency exchange.
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The Contenders 1 Stormy Tony Pike-trained colt who remains undefeated after two career starts. Betting Strategy Was travelling sweetly in his most recent trial and looked to have plenty more to give BACK — Khufu for 5 Units.
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When one or two posters suggested he was ramping, etc, he simply said he wasn't and promised everyone he had heard it.
He also said he had already risked his entire bank i don't think he bothered cut and pasting it, etc so no need. I think it was around euros.
So no need to keep it quiet. I think he was sincerely freaked by what he had heard and wanted to share it. Everyone followed him but said if he's lying, he was a dead forumite.
I know that when it finished, champagne flew and he posted he was shell-shocked, 10, euros in his account. I believe he may have retired at that point.
He also said he had already risked his entire bank i do. It was Wozniaki Shape. Link here to report of it - I'm not sure if the actual thread is still knocking about.
It may have been lost in the BF forum clearout:. I think this is the thread:. I'm being serious now