Bad EW Races NO CHAT

We are all gambling to a degree.

You are always taking a chance that the price doesn’t change between the back and lay, it often does.
There is the chance that you make a mistake, £500 for me this week.
On EW arbs even when you think the field is big enough you could have 4 or 5 non-runners.

I would say that the difference is a mug punter is gambling with around a 94% edge, we are doing it with around 105% (I’m guessing that figure). Even with the edge it’s not unusual to go a few days a lose a good bit of money.

My accounts are all but done, however got a friend whom has a few left and hasn’t signed up to a fair few. I have thought about the underlay it’s just never appealed (specially when the odds are 6.0+ etc for top 3)

I do get a bit jealous when your big wins come in though ;)

My profits have gotten a lot better since underlaying.

To be honest, in terms of long term profit-

not laying at all > underlaying > guaranteeing profit

Each additional step is like paying an ever increasing insurance premium that cuts into your profits but evens out variance. Long term, to take max value, simply don’t lay at all, but I’m not quite brave enough for that hence just underlay :)

Just layed her 34/32

Johnbo, you’re right.

I’ve actually been thinking, the next time I have a bumper month, i.e make 2k or more (hasnt happened in a while), I’m going to put £500 of that profit aside and just bet with it.

Dont blame me if it doesnt come in some more but if it was me, I would still take Lulu at 26.0 now.

I’m assuming the 13.0 Bet365 are offering is a palp but some wild variance in prices on Noble Gesture.