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26th September 2008

Todays ramblings
Good Morning.

We have the first night time F1 GP this weekend from Singapore which should prove to be exciting...let us hopw anyway!

Hamilton could do with winning this one.

From Darren Power at the Betting School

Should you let your bets run or close out when a profit can be made.

I was chatting with a very succesful bettor the other day and we were arguing about the merits of closing out on bets where your horse is doing well in running.

EG you have bet a horse at a big price say 7/1 and it is looking like a winner and now trading odds on in running, should you lock in a profit or let it run and hope for the win.

The argument for each case is something along the lines of...

Close out - the horse might not win and its best to take a profit!

Let it Run - If you are selecting value bets that are profitable over the long term then when you close out too early you sacrifice some of the profit.

Today I don't want to get into a big discussion about which is the best strategy but instead I thought it would be more useful to share the quick and easy calculation for working out your stake to get an equal payout whatever the result.

So as an example lets say you have backed your selection at 8.0 for a £50 stake and its now trading at 2.3, you want to know how much to lay at 2.3 to make the same profit whether your selections wins or loses.

To get the stake you just divide the total return on your back bet by the lay price. So in our case that's (8.0 x 50)/2.3 = 400/2.3 = 173.91. So our lay stake is £173.91.

Enter the stake into Betfair and place your bet and you will have an all green screen for £123.91 (which is £173.91 - £50)

If you prefer to see this demonstrated in a video you can find a video on the Betting School website

(MAL - check the video also on my blog)

Darren Power is the Editor of the Betting School Insiders Report you can register for a free sample issue at

Of course GHB can do this automatically for you as well!

I hope you have enjoyed this weeks rambles and I hope you have a great weekend.

Guest Selection ("Laybackracing")

Brian & Graham are sharing their selections for a couple of weeks. Their aim is to make 12pts profit a month on the backs and 1pt profit a day using "stop at a winner" on the lays.

Also check out their daily blog.

Lays Results

Back Results

Race: 1555 Ascot
Tip: Crstal Capella
Points Value: 1

Race: 1630 Ascot
Tip: Mawatheeq
Points Value: 0

Race: 1725 Hayd
Tip: Isphahan
Points Value: 0

Race: 2020 Wolv
Tip: Kingsholme
Points Value: 0

Race: 1400 Hayd
Tip: Fesko
Points Value: 1
Comment for this tip: Early bf 3.65

Race: 1425 South
Tip: Scots Dragoon
Points Value: 1
Comment for this tip: Early bf 3.75

Race: 1435 Hayd
Tip: Keep Dancing
Points Value: 1
Comment for this tip: Early bf 2.88

Race: 1510 Hayd
Tip: Sunniva Duke
Points Value: 1
Comment for this tip: Early bf 2.26

Race: 1620 Hayd
Tip: Stringsofmyheart
Points Value: 1
Comment for this tip: Early bf 2.68

Race: 1920 Wolv
Tip: Standpoint
Points Value: 1
Comment for this tip: Early bf 2.14

Race: 1950 Wolv
Tip: Reine De Violette
Points Value: 1
Comment for this tip: Early bf 2.72

Guest Selection ("Good to Lay" ) started 27/08/2008

There is only one rule: If the NR reduction factor is 10% or more (check the "Rules" tab to the left of the market) on the market then it is a "No bet". Because of this, it is obviously better to bet nearer the off.
(Mal - The author will send me a new updated sheet once a week)

3.10 Font: Sternenzelt EP 40 6th 33/1

Today's. 4.20 Hay: Bocciani EP 990 !!!!

Sponsors of the day ("Products and Tips for you to look at.")

Sponsor product of the day (please take a look you never Know!)
Turn your lay betting system into winning systems with Roy's easy learn low risk Amazing staking plans.
Click Here to read more

Sponsor Tip of the day.

Sorry no selections today.

Best Lay of the Day ("1 Lay a day from my Lay betting System")

No Nap

Today: 16.30 Asc, Mawatheeq

Please Note: The lay betting system is actually 4 systems in 1 and I will choose one of the selections for this tip.

You can purchase the system formula:

Please Note: I do not keep records of this tip, I just want to show readers how good it can be but part of learning should be to watch what a selection does daily.

You can also have this tip delivered as content to your own website.
Click here to find out more.

Back test system ( "A 'back' system that I came up with a while ago")

This system is available as part of The Pro Betting Systems e-book.

15:30, Pont, Caster Sugar 2nd 9/2

15:20, Asct, Pennys Gift

Remember this is just a test and we are paper testing "backing" these selections.

Other Information (" Here is some other info that should help you")
I Prefer

 "The Deadly Sins of Gambling" (make sure you check these out)
If you need help about anything please go to my support site.
If you haven't joined Betfair yet then when you do enter the code 7TUN3TCFP this will also give you £20 when you have reached 50 betfair points.

You can automate your betting with GHB.

Please tell your friends about this daily tip and pass on my URL

Have a good days racing.


P.S. How about something different...
Also check my blog here
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