Not much to report on yesterday as I was engaged in non gambling activity most of the day, and to be honest, i don’t have enough confidence in my system to leave it on autopilot without the means to stop it or tweak it during the day.
Nevertheless, I did manage to make £5 profit by laying a few greyhound races early on in the day, and this has got me thinking about the virtues of laying.
Just in case you don’t know, laying is where you bet on a horse, or greyhound, to lose a race rather than win it. It sounds easy doesn’t it? Well it definitely is statistically easier, but the risk is high. If you lay a horse at 12/1 for £10, and it loses, you double your money. However, if that horse were to win, you pay out £120 - so if you laid ALL 12/1 shots, you would need 12 losers in a row to cover the one loss you might incur.
I do think with careful studying of form etc the same as you should and would do with backing a horse, you can minimise your risks.
I might dabbble a bit more with this today, so hopefully will have a more meatier update tomorrow. Happy gambling!