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£100 starting bank xchange betting thread

UkjoeUkjoe Member Posts: 1,291
edited January 2015 in Sports & Betting Chat
As from tomorrow ,Boxing Day I am going to post my exchange bets placed on horses.
This will consist mainly of back/lay and lay/back bets.
The aim obviously is to make a profit but also for others to offer ideas and advice.
The thread will be updated with profit/loss with commission deducted.
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  • spinky6108spinky6108 Member Posts: 253
    edited December 2014
    In Response to £100 starting bank xchange betting thread:
    As from tomorrow ,Boxing Day I am going to post my exchange bets placed on horses. This will consist mainly of back/lay and lay/back bets. The aim obviously is to make a profit but also for others to offer ideas and advice. The thread will be updated with profit/loss with commission deducted.
    Posted by Ukjoe
    Hi Joe look forward to reading this. I cant get my head round exchange betting, hopefully this thread will help.
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  • BADBOY985BADBOY985 Member Posts: 1,957
    edited December 2014
    In Response to Re: £100 starting bank xchange betting thread:
                                                                                                                                                                                                                                                                                   
    Posted by Ukjoe
    Nice grid!
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  • DOHHHHHHHDOHHHHHHH Member Posts: 17,929
    edited December 2014
    In Response to Re: £100 starting bank xchange betting thread:
    In Response to Re: £100 starting bank xchange betting thread : Nice grid!
    Posted by BADBOY985
    lol +1

    Very nice Joe. 

    GL. 

    Father V is the man to ask for table tips! (and horse ones!!!)
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  • UkjoeUkjoe Member Posts: 1,291
    edited December 2014
    Had put this post on hold until I did a trial run
    and have got advice from Vaigret(thank you) re posting tables

    Looking for advice on a staking plan for exchanges
    I have placed 18 bets on betfair 
    only 1 lost (the 12th) but wiped out most of my profit

    Any ideas or suggestions please

    ps the 4 horses posted I have bet but will lay if price shortens

    Knocklong 12.20 Leopardstown

    Highland Lodge 1.35 Newbury

    Shanahan's Turn 3.05 Leopardstown

    Bellshill 3.35 Leopardstown

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  • vaigretvaigret Member Posts: 16,380
    edited January 2015
    Cant lay horses but can do grids LOL
            
            
            
            
            
            
            
            
            
            
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  • UkjoeUkjoe Member Posts: 1,291
    edited January 2015
    1.00 Sedgefield Never Never place
    1.10 Bangor Grande Antarcticque Win and place
    1.30 Sedgefield Knocklayde Sno Cat Win and place
    1.40 Bangor Delvin Road place
    2.00 Sedgefield Tweedo Paradiso
    2.10 Bangor Broadway Symphony place Digging well into initial deposit need results
    2.30 Just Cameron win
    2.40 Bangor Heathfield win
    3.00 Sedgefield Volo Mio win Urban Gale lay
    3.10 Bangor Final Assualt small win Big place
    3,30 Sedgefield Sakhees City small win Big place
    3.40 Bangor Final Nudge win
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  • UkjoeUkjoe Member Posts: 1,291
    edited January 2015
    If Final Nudge wins up to £140 or £80 bank if loses

    Less now if nr
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  • ommomm Member Posts: 444
    edited January 2015
    In Response to Re: £100 starting bank xchange betting thread:
    If Final Nudge wins up to £140 or £80 bank if loses Less now if nr
    Posted by Ukjoe

    Hi Joe

    Can i ask, If you are doing Back/Lay bets how are you losing money? Surely you are backing at a higher price than laying and at the very least getting your stake back?

    ill give you an example:

    I backed a BDO darts player at 42.0 for £36, now i dont neccesarily think he is going to win the whole tournament but did think he would win his next match. he won his match quite convincinly and was now 19.0, i put a lay for half my stake (£18) at 18.0 and it got matched within 24 hours. I then looked at what the bookies had him up at (12-1) so i put a lay in for the rest of the stake at 13.0 which again has been matched. I now have my initial stake back in my account and can win just over £600 if said players wins the tournament. I will lay him again if he wins his next match which means no matter what player wins i will be in profit. The only time i could have lost my stake is if he lost the first match he played (that was the gambling part) although i could have traded in play so that i got my stake back before the match had finished. Hence that is what you can do with horses.

    if you need any help just let me know and i can give as much advice as possible.

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  • UkjoeUkjoe Member Posts: 1,291
    edited January 2015
    2.00 Ludlow Sir Valentino
    2.10 Taunton Vago Collonges
    3.00 Ludlow Horsehill
    4.10 Taunton Tara Tavey

    Thanks OMM all back bets yesterday except one lay bet
    All back bets today
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  • UkjoeUkjoe Member Posts: 1,291
    edited January 2015
    OMM a few weeks back I bet then layed at shorter odds 16 horses
    Horse 12 was fav and lost but my lay bet didnt get taken.
    I think I bet £40 on it so wiped out all my profit and more
    If horse is say 6/4 or 2.5. Betting £10 gives £14.25 profit if wins
    Lay £10.80 @ 2.3 gives 95% of 80p profit=76p
    I use a calculator on excel that works out the either the amount to lay or back
    This includes 5% commision and 3% for myself. so 8%  difference in prices
    Hope this makes sense.
    Any comments  please
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  • UkjoeUkjoe Member Posts: 1,291
    edited January 2015
    1.40 Catterick Backed Cody Wyoming and lay at shorter
                       Layed Pearls Legend and back at bigger WON

    2.30 Leicester Backed Thinger Licht and lay at shorter WON backed at 10s lay bet got taken at 7/2 unbelievable lol

    2.40 Catterick Layed Barton Gift and back at bigger WON cancelled back bet when seen it had no chance

    3.00 Boss in boots backed and lay at shorter WON

    3.10 Catterick Backed Snowed In and lay at shorter WON

    3.30 Leicester Backed Goldie Horn and lay shorter LOST lay bet not taken hmm

    3.40 Catterick Verona Opera back only WON
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  • UkjoeUkjoe Member Posts: 1,291
    edited January 2015
    nt1 post here not private
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  • UkjoeUkjoe Member Posts: 1,291
    edited January 2015
    Doncaster 2.05 Back Baby Shine Lay lower
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