2:50 Bangor Shady Lane Back @ 5.2 Stop loss 6.6
3:10 Lingfield Sawago back @5/4.9 stop loss 6.2/6
2:40 Lingfield Grace and Fortune LAY @ 1.79 – stop loss 1.65
5:10 Lingfield LAY Giveagirlachance @2.44-2.48 Stop loss at 2.14 – 2.18
If you need help to get the best from these trades look HERE
The day started with a lay2back bet at Lingfield. Pretty poor choice form the moment I Layed it. drifted and didn’t come back. I have mentioned before about using a little common sense with these trades. If it’s obviously drifting and shows now signs of stopping, there is no reason not to change direction with your trade. I did that in the live show and turned what started out as a loss into a nice profit. Went off at 1.9 BFSP in the end. Goes down as a MAX LOSS.
Second up 10 mins later was our first back2lay Shady Lane. This had slammed into the Stop loss at 6.6. It went as high as 8.4. Have a really bad run of things with the back2lays in week or so.
Next up at 3:10 the 2nd back2lay. This didn’t really move very far at all. I closed at 5.2 near the off and lost 1 tick. My whole selection process has been changed to accommodate getting everyone matched. First I changed the price range, then the time of picking them. I have done the same thing for 5 years or so with excellent results. This change may not be a good thing. If they don’t make money there is little point doing them (Have I said that before? ) 🙂 However, if you followed all the back2lays and managed to get matched your sitting on near 30% ROI (profit against max liability advised at 20% loss of stake) 45 bets £270 profit. 45 x £20= £900 max risk.
However the Lay2backs are proving a real “earner”. The last horse Giveagirlachance drifted so badly at one point I though one of her legs was in plaster. I watched this drift and drift. It hit 3.65 and then started to come back. My assessment of the market led me to close on the way back at 3.4. I then even had a few more ticks as the price fell further by backing it. In liquid markets on short prices you can really get stuck in and make nice returns. Have a look at the Betfair graph of this one!
So overall today we lost just under £7, which is pretty s***.
I want to do a quick review of the Lay2backs. I am thinking of focusing on these type of bets rather than the back bets. There are a couple of reasons.
- They are short priced, so getting matched is not usually an issue.
- The “upside” is generally bigger. The horse we layed at 1.79 had a long way to go to hit it’s SL of 1.65 (which it did of course) but the upside is much greater as we saw with Giveagirlachance.
- Out of the 11 trades I have put up 9 have ended in winning positions, 8 of them have made 20% ROI of liability and 3 of those 40%.
They certainly fit the criteria of having multiple trades on them. Sorry about the loss today. They are only borrowing it!