Forum Lays - a road to Success? You bet!

[Dean]

Sorry for the long post>>>>
I wanted to share this with you...but, first, the usual health warning...

I bet with money set aside purely for that reason, it's not the mortgage money nor the kids school fund, it's for gambling and if it's gone it will not affect putting food on the table nor getting the kids an education...you know the stuff.

What I wanted to say was that there is serious money to be made from lays on this forum...yesterday I was up nice and early and ready to get stuck into racing after a short holiday. As sometimes happens, I got drawn into another project that ended up taking over my day. So, I did not have the time left to go through the cards like I usually do.

So, I turned to the footylays forum...three places in fact:

The TLC selections
The Star Lays
The Lay Lady Lay lays

I took all the selections and just looked at those races - I was looking to see if there was a good reason NOT to lay them. I didn't find anything - OK, nothing in laying is certain, but these all looked like good lays to me as, of course, they looked the same to Racer and MrE when they posted them on the forum!

So, I treated these as I would my own lays. I lay using a ladder staking plan with my "rungs" set as follows:

7, 9, 11, 14, 17, 20, 23, 26, 29, 32, 35, 38, 41

So, this is effectively level stakes from 1.01 to 7.0 and then to liability after that. That means I can lay higher priced horses in a controlled manner. My price ceiling cap is 41, beyond that I regard the risk v reward equation a little on the low side.

So, this is what happened:

Satindra stake £12.00 at EP 40.0
Splash The Cash stake £31.00 at EP 16.5
Mandalay King stake £63.00 at EP 7.4
Jonny Lesters Hair stake £39.00 at EP 11.5
Daaweitza stake £51.00 at EP 10.0
Registrar stake £23.00 at EP 22.0
Cool Sands stake £76.00at EP 5.5
Dr Livingstone stake £76.00 at EP 5.0
Admiralcollingwood stake £20.00 at EP 24.0

Total profit after commission £373.81
Total liability of all lays £3,809.20
Return on investment 9.8%

Now – another health warning…my betting bank is quite substantial…5 figures…that is why I am perfectly within my comfort zone with regard to these liabilities, a little short of £500 for the higher priced lays…always lay within your comfort zone…if you place a lay bet and then fret whilst watching the race in case the horse wins…then you are staking too high!

Is this a work of fiction? Well, I emailed Racer with screenshots from my laptop last night to confirm the validity of the numbers - I'm sure he will verify if you doubt me.

So, why am I posting? To boast? Certainly not – they are not even my lays…all the credit goes to Racer and MrE. The reason I post is to demonstrate that:

There is serious profit to be snaffled from the average exchange punter by following advice given on this forum.

It is so much more satisfying backing a service like Footylays than deriding so many other services that exist on the internet!

My hat's off to Racer and all the other members of this forum that help make making money a lot easier!

Cheers,

Dean

[crimble]

Many congratulations Dean..intoxicating stuff..

I have never used a lay ladder staking plan..could you explain to me and all others out there exactly what you mean by your rungs of

7, 9, 11, 14, 17, 20, 23, 26, 29, 32, 35, 38, 41

What exactly does that mean?

Cheers fella

[Dean]

Hi, Crimble,
No problem,

I lay these stakes to these prices

Price From-To Stake
1.01 - 3.0 1pt
3.01 - 5.0 1pt
5.01 - 7.0 1pt
7.01 - 9.0 0.83pt
9.01 - 11.0 0.67pt
11.01 - 14.00.51pt
14.01 - 17.0 0.41pt
17.01 - 20.0 0.35pt
20.01 - 23.0 0.29pt
23.01 - 26.0 0.26pt
26.01 - 29.0 0.23pt
29.01 - 32.0 0.21pt
32.01 - 35.0 0.19pt
35.01 - 38.0 0.18pt
38.01 - 41.0 0.17pt

This basically means I lay to level stakes up to 7.0 and then to liabilty above that.

Hope this explains.

Cheers,

Dean

[crimble]

Thank you Dean...now I get it :D

[crazydrummer]

Excellent Post, Dean.

That phrase 'in your comfort zone' is the most important part for new members and those new to betting itself. For me it is always, small stakes, big bank.

Thanks for sharing.

CD

[Dean]

Hi, CD,
Believe it or not I was in two minds whether to post or not because of the sums involved. But I mooted the point with Racer and we agreed to post.

There are many of us here old hands at this game and we have all determined our comfort zones...but there are equally as many punters without that knowledge and I didn't want to influence any members/guests into laying at levels with which their banks could not cope.

Cheers, CD,

Dean

[Racer]

Hi Dean

Excellent Post & Very Good Advice within.

I saw the Screenshots and Dean has definitely won that amount - well done.

I hope others will benefit and I think they will.

Racer

[Dean]

Not sure if this will work but here goes...

[Racer]

Yes - works perfectly. Thanks

Racer

[Dean]

A Couple of weeks ago I posted after I made a nice profit on the forum lays. Well, that success has been duplicated many times over the past couple of weeks.

Yesterday, using lays freely posted on this forum (MAD Lays, TLC Lays, Ly Lady Lay and the 2 and 1 star lays) I made £600 profit.

Again...£600 profit from lays available to Footylays members...fabulous!
And I'm not even following all the profitable threads posted in the forum - amazing.

My thanks again to Racer and MrE for providing some of these lays.

Cheers,

Dean

[ccrusader]

Well done Dean thanks for sharing this with us - a fascinating insight - what a great forum this is!

[Dean]

You are most welcome, Ccrusader. Just pointing out that there are a lot of free profitable threads on here.

I'm not saying follow them all, one has to be choosy about what goes into one's portfolio, but there is a lot of profit to be had.

Finally, everyone, dont forget about betting within the limits of one's betting bank and staying in one's comfort zone...very important!

Looking forward to tomorrow...;D ;D :cool:

[MindYerBeak]

I would, once upon a bet, never lay beyond 5/1. Since then my eyes hath been opened. There's a lot of profit to be made laying at bigger prices, provided the selections are sound. And very sound and profitable they are, too.