Wednesday, 19 November, 2008
My Lay Bets
Hello
My name is Chris. I am going to start doing a trial on a Laying service called “My Lay Bets”.
This lay service offers daily selections that are emailed to your inbox each morning around 9:00 – 10:00. There are probably 1 or 2 selections on average per day, and the service owner gives guidelines of the lay odds recommended.
The subscription comes with a staking plan, a lay BOT and a general gambling E-book to wet your appetite.
The owner has issued two years of results on their web site, which shows a reasonably good consistent profit each month. The service has had 405 selections with 358 winning lay bets which gives it a 88% strike rate with a profit of +108 points! This is based on only laying the horse if the sp is below 8/1 and you lay at 15% above the starting price and then pay commission of 5% out of any winnings.
I will run the trial at level stakes (2.5% of the total bank), with a starting bank of £1,000. At the end of the trial, I will do a summary indicating what the final profit/ loss is at level stakes, and also using the staking plan that is offered for those that like to use such plans.
I have been following the service over the past few days, and here are the results (profits include 5% Betfair commission): -
15/11/08
1:25 Dashing George (Lay odds 6.93) Successful Lay profit £23.75
16/11/08
No selections
17/11/08
No selections
18/11/08
2:30 Backbord (Lay odds 3.90) Unsuccessful Lay profit -£74.21
3:10 Alderbrook Girl (Lay odds 6.40) Successful Lay profit £22.54
Summary
£1,000.00 Starting bank
£ 27.92 Loss
£ 972.08 Total bank to date












