Go Back   The Ultimate Betting Forum > Betting > Betting Systems and Strategies
Register Blogs FAQ Members List Calendar Search Today's Posts Mark Forums Read

Reply
 
LinkBack Thread Tools Display Modes
Old 17th December 2007, 13:24   #1 (permalink)
getters
Silver Member
 
Join Date: Sep 2002
Location: stafford, ingurland
Age: 39
Posts: 7
Question Lay system

I have spent some years developing a strategy / system, and seeing Maria's thread, last year gave me impetus.
I, too, have a laying system, which against data going back 10 years DOES work.
It is simple, like Maria's and uses a ratchet.
I will start with a £300 bank, and lay up to 80% of the bank per day on my selections.
Number of selections varies between 2 and 20, with an average of 6-10 per day.
I divide 80% of my bank and lay to ' pay out ' this amount on each selection, on betfair.
This will ratchet until my bank is less than 80% of starting bank.
Example : £300 bank, gives £240 = 80%.
8 selections laid to 'pay out' £30 each.
When the bank increases at the end of the day, so does tthe following day's bank & 80% & ratchet limit.
__________________
¦;¬))
getters is offline   Reply With Quote
Old 17th December 2007, 13:29   #2 (permalink)
getters
Silver Member
 
Join Date: Sep 2002
Location: stafford, ingurland
Age: 39
Posts: 7
Default Day 1 selections, all at Plumpton

12.20 Morning Farewell at £5.71 @ 8.4
12.50 KRUGUYROVA at £16.00 @ 3.0
1.20 Merlin's Magic at £14.11 @ 3.4
1.55 The Apprentice at £11.43 @ 4.2
2.55 Mondial Jack at £5.21 @ 9.2

So, that's £240 to be laid ('to pay out') over 5 selections.

I will keep a running tab at the end of each day.
__________________
¦;¬))
getters is offline   Reply With Quote
Old 17th December 2007, 13:35   #3 (permalink)
the_mgt
Justified Ancient of Mummu (Administrator)
 
the_mgt's Avatar
 
Join Date: Aug 2002
Location: Lilliput
Age: 25
Posts: 28,322
Default Re: Lay system

Are you the original getters from Betfair circa 2002 ? If so I can find a place for you in Gold.
Where have you been living these last few years ?

URW aka the_mgt.
the_mgt is online now   Reply With Quote
Old 17th December 2007, 13:39   #4 (permalink)
patrickstar
Sir Realist
 
patrickstar's Avatar
 
Join Date: Jul 2004
Age: 28
Posts: 8,003
Default Re: Lay system

getters,

If you make a profit in the long run it will have very little to do with whatever staking system you've cooked up there and a whole lot more to do with how you've made the selections of the horses to lay and why they are value lays.
patrickstar is offline   Reply With Quote
Old 17th December 2007, 13:42   #5 (permalink)
getters
Silver Member
 
Join Date: Sep 2002
Location: stafford, ingurland
Age: 39
Posts: 7
Default Re: Lay system

URW?
would that be short for URWochuwiz?
- what is Gold? - or, where is Gold?
__________________
¦;¬))
getters is offline   Reply With Quote
Old 17th December 2007, 13:45   #6 (permalink)
the_mgt
Justified Ancient of Mummu (Administrator)
 
the_mgt's Avatar
 
Join Date: Aug 2002
Location: Lilliput
Age: 25
Posts: 28,322
Default Re: Lay system

Correct,getters.What you are looking at now is the outer shell of the forum.
Up in Gold are the elite.
As you were the very first person to respond to one of my posts on BF I will have a word with 36 and get you promotion if that is what you desire.
the_mgt is online now   Reply With Quote
Old 17th December 2007, 13:56   #7 (permalink)
getters
Silver Member
 
Join Date: Sep 2002
Location: stafford, ingurland
Age: 39
Posts: 7
Default Re: Lay system

Well, good afternoon, URW! PLeased to meet up again.
Gold sounds good. Have a word & see what comes of it!
Not sure if you saw or even remember my posts around the time of the National, but I DID 'retire' from Betfair then, for pastures new (which HAVE been very fruitful), but still maintained mostly a PASSING interest in all things gambling. as we do.
Hence the 'new' system.
Still at work 'full time' but am keen to post as frequently as possible & see how this system goes & is viewed.
Regards
__________________
¦;¬))
getters is offline   Reply With Quote
Old 17th December 2007, 14:00   #8 (permalink)
getters
Silver Member
 
Join Date: Sep 2002
Location: stafford, ingurland
Age: 39
Posts: 7
Default Re: Lay system

Patrickstar
In essence, you are correct in that ALL successful betting requires 'value'.
Alongside value, however, a good system needs a fair staking plan, to avoid disaster whilst giving a reasonable rate of return.
It also needs to be a simple staking plan for much the same reasons.
__________________
¦;¬))
getters is offline   Reply With Quote
Old 17th December 2007, 14:13   #9 (permalink)
the_mgt
Justified Ancient of Mummu (Administrator)
 
the_mgt's Avatar
 
Join Date: Aug 2002
Location: Lilliput
Age: 25
Posts: 28,322
Default Re: Lay system

Expect an email in the next 24,getters.You have waited 5 years,another day won't hurt.
My first jousts with you were when you laid me 990 about all the runners that couldn't win the 2002 Premiership.
the_mgt is online now   Reply With Quote
Old 17th December 2007, 14:27   #10 (permalink)
patrickstar
Sir Realist
 
patrickstar's Avatar
 
Join Date: Jul 2004
Age: 28
Posts: 8,003
Default Re: Lay system

Quote:
Originally Posted by getters View Post
Patrickstar
In essence, you are correct in that ALL successful betting requires 'value'.
Alongside value, however, a good system needs a fair staking plan, to avoid disaster whilst giving a reasonable rate of return.
It also needs to be a simple staking plan for much the same reasons.
Yes, completely agree with that, and staking plans are an interesting topic for debate.

But in terms of the bigger picture, the goal - the 'hard part' if you will - is to find a way to consistently identify value. Do that and 90% of the battle is won, and i reckon effort and attention should be directed in proportion to that.

A staking system is almost an afterthought - something that it is important only to not get horribly wrong, rather than to have to get exquisitely right.

Far too many people (I'm not directing this at you personally) think that a mere staking plan can somehow pull a system up by it's own bootstraps and turn individually unprofitable bets in to an overall profitable strategy.


You said you were keen to see how this system is viewed - well for now it is hard to say as you've only told us about 5% of how it works (the staking plan). If you want more opinion then you will have to elaborate on how the selections are made. Horse racing is not my specialist subject but I imagine there will be plenty others here happy to offer their more expert view on it.
patrickstar is offline   Reply With Quote
Old 17th December 2007, 16:12   #11 (permalink)
getters
Silver Member
 
Join Date: Sep 2002
Location: stafford, ingurland
Age: 39
Posts: 7
Default Re: Lay system

Great start to 'the system' - lol.
2 losers.
Nett loss after 5% commission on the 3 winners is : £41
Current bank £259
Hence, tomorrow, I lay at £240 nett bank (ratchet)
__________________
¦;¬))
getters is offline   Reply With Quote
Old 19th December 2007, 11:45   #12 (permalink)
getters
Silver Member
 
Join Date: Sep 2002
Location: stafford, ingurland
Age: 39
Posts: 7
Default Re: Lay system

Day two Selections.
£240 nett bank. 10 selections. lay to lose £24
Newbury
12.30 Kinscape at 9.0
1.0 Burren Legend at 8.0
2.05 Count Crist at 6.8
3.1 King Harald at 6

Bangor
12.2 Cornish Jester at 8.6
12.5 Supreme Cara at 9.0
3.0 Dark Society at 7.6

Lingfield
12.4 Barry Island at 8.4
1.1 Forsyte Saga at 5.3
3.2 Mutamaasek at 2.7
__________________
¦;¬))
getters is offline   Reply With Quote
Old 19th December 2007, 21:37   #13 (permalink)
Stoichkov
Gold Member
 
Stoichkov's Avatar
 
Join Date: Jun 2003
Location: Twickenham
Age: 34
Posts: 4,213
Default Re: Lay system

Quote:
Originally Posted by patrickstar View Post
Yes, completely agree with that, and staking plans are an interesting topic for debate.
I have a huge problem with my staking plans. What generally happens is I bet too little on winning bets, and far too much on losing bets. Has anyone any tips on how to best avoid this problem?
__________________
Mocked for buying multicorners
Stoichkov is offline   Reply With Quote
Old 1st September 2008, 11:02   #14 (permalink)
system pro
Boring member
 
Join Date: Aug 2008
Posts: 6
Default Re: Lay system

system at gamblergold is better
system pro is offline   Reply With Quote
Old 1st September 2008, 16:02   #15 (permalink)
36
UBF tea lady & Administrator
 
36's Avatar
 
Join Date: Aug 2002
Posts: 15,458
Default Re: Lay system

You are boring now...bye

.
36 is offline   Reply With Quote
Old 1st September 2008, 16:06   #16 (permalink)
rob280
Gold Member
 
Join Date: Sep 2007
Posts: 785
Default Re: Lay system

Taxi For Systempro
__________________
Istanbul Istanbul we are coming, Istanbul Istanbul I pray, Istanbul Istanbul we are coming, we are coming at the end of May
rob280 is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


All times are GMT +1. The time now is 17:55.



LinkBacks Enabled by vBSEO 3.0.0