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Blue Moon
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Blue Moon's profileNeoPM Blue Moon
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Nov 05, 09 at 11:24pm
Lay Hard and Play Hard

The idea of this plan is to generate a slow and steady income through lay'ing bets.

This has been going on since last Friday (30/11/2009) and tend to lay 10-15 bets a day on virtually anything.

I have no system with regards of what to lay and what not to lay however there was a staking plan devised by another member, wba_4_eva which is as follows :

£5 on odds 1.01-2.50
£3 on odds 2.51-5.00
£2 on odds 5.01 and above

However on occasion I will break these.

The starting bank for this thread was £50 and the idea is that every time the running total reach £60 to withdraw £10.

I will update the table in this thread every ten bets as well as posting the bets as I go.

The reason for this thread is to share my bets with others, let people drop me feedback and possibly give me some tips

If you are wondering about any of the football related bets that aren't involving a team, i.e. 0-0 correct scores just ask what they were with the bet number.

Also some of the bank figures are blank and generally wrong near the start as I was operating under the assumption that Betfair took 10% commission as opposed to the 5% they take.. figures are 100% correct from bet 28 onwards

The table as it currently stands:




Accidently bet on Chookie Hamilton twice







This message was edited by Blue Moon on Nov 08 2009.


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I had to go along with all this reclusive genius stuff, she's going to be very upset when she finds out I'm a reclusive wanker
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Underated
Nov 05, 09 at 11:33pm
re: Lay Hard and Play Hard

Good to see this started, I'll be following. You got a SS of your latest bets on your spreadsheet?

I'm going to start a new blog tomorrow. Might do it with a starting bank of £100.



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Blue Moon
Ask Beevis, I get nothing Butthead
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Blue Moon's profileNeoPM Blue Moon
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since: Feb 2006
Nov 05, 09 at 11:34pm
re: Lay Hard and Play Hard

Haha.. meant to preview that not post it... yeah just bout to pop screenshots up



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U_Turn
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Nov 05, 09 at 11:37pm
re: Lay Hard and Play Hard

Is this with Betfair? Underated advised me to take up the laying system but I'm still a little confused by the idea of how it works exactly.

I'm currently looking at giving Bristol Rovers 3/1 odds at a £20 backers stake. Does that mean that the person that chooses to take the bet will have to place £20 to get those odds and if they lose it goes to me, and if they win I pay £60 out?


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Underated
Nov 05, 09 at 11:38pm
re: Lay Hard and Play Hard

Yes, exactly U_Turn.



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Blue Moon
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Blue Moon's profileNeoPM Blue Moon
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Nov 05, 09 at 11:41pm
re: Lay Hard and Play Hard

quote U_Turn
Is this with Betfair? Underated advised me to take up the laying system but I'm still a little confused by the idea of how it works exactly.

I'm currently looking at giving Bristol Rovers 3/1 odds at a £20 backers stake. Does that mean that the person that chooses to take the bet will have to place £20 to get those odds and if they lose it goes to me, and if they win I pay £60 out?
You mean you'll lay £20? in that case you'll have a fairly large liability but can only win £20

My next lay is 0-0 correct score between Universidad de Chile v Fluminense RJ


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I had to go along with all this reclusive genius stuff, she's going to be very upset when she finds out I'm a reclusive wanker
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U_Turn
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Nov 06, 09 at 12:08am
re: Lay Hard and Play Hard

Yeah, like I said, the cost would be £60 and my win would be £20.

quote Underated
Yes, exactly U_Turn.
Someone has to accept this bet though, right? So if no one accepts then nothing happens?

It's basically like double chance betting.


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Underated
Nov 06, 09 at 12:10am
re: Lay Hard and Play Hard

Yeah, it's like double chance betting with football but with horses laying can be great. Much easier to pick losers than winners .

If no one accepts the bet then you'll get your liability back. What odds are BC to win generally? If they're less than 3/1 then it'll most definitely get matched but if you're offering worse odds than the bookies then it most likely won't unless the odds drop significantly in running.


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U_Turn
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Nov 06, 09 at 12:20am
re: Lay Hard and Play Hard

The odds are far better than 3/1 on them winning. The odds are actually 9/4 on the lay. Plus it's Bristol Rovers, not City I'll stay clear of it though as they did beat Southampton 3-2 the last time they both played, but Bristol Rovers have lost 4 or 5 games straight since then and Southampton can't seem to lose. It might be an attractive one with small stakes though.

Sounds great with the horses though, but I don't know horses


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Blue Moon
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Blue Moon's profileNeoPM Blue Moon
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Nov 06, 09 at 12:23am
re: Lay Hard and Play Hard

It is great with horses... it's where I tend to make the most.. a good day such as yesterday which was 11 out of 11 on horses returned £20 odd I think


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I had to go along with all this reclusive genius stuff, she's going to be very upset when she finds out I'm a reclusive wanker
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U_Turn
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Nov 06, 09 at 12:26am
re: Lay Hard and Play Hard

I don't know anything about horses and can't be bothered researching. I might just suck up to you 2 instead



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Blue Moon
Ask Beevis, I get nothing Butthead
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Blue Moon's profileNeoPM Blue Moon
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Nov 06, 09 at 12:33am
re: Lay Hard and Play Hard

I'll post as many as I can as I go befre the race but they come quickly on top of each other and I tend to leave it fairly late to make my lay.. use the Ladbrokes commentary.. they explain stuff from time to time and you can generally pick up a lot from it...

And also I mean in a field of 8 you could probably drop a pin and pick a loser


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I had to go along with all this reclusive genius stuff, she's going to be very upset when she finds out I'm a reclusive wanker
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Underated
Nov 06, 09 at 12:42am
re: Lay Hard and Play Hard

quote Blue Moon
And also I mean in a field of 8 you could probably drop a pin and pick a loser
Yep, and we can also use basic stats to our advantage so it's not too hard. You just have to make sure that when you pick a winner, you don't go chasing that lost money. Judgement becomes shit when chasing so you need to have discipline.

You got your goal BM. =)


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U_Turn
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Nov 06, 09 at 12:45am
re: Lay Hard and Play Hard

I've chased when I've lost before. Definitely went against my better judgement when I bet on Leeds, a certianty game to everyone else but a game I knew we'd slip up on. I won't make that mistake again.


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Blue Moon
Ask Beevis, I get nothing Butthead
Still Seekin'



Blue Moon's profileNeoPM Blue Moon
total posts: 3787
since: Feb 2006
Nov 06, 09 at 12:48am
re: Lay Hard and Play Hard

quote Underated
You got your goal BM. =)
Indeedio... another easy £1.90.. see how this goes U_Turn.. many easy bets


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I had to go along with all this reclusive genius stuff, she's going to be very upset when she finds out I'm a reclusive wanker
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