In this episode I explain the calculations on how to place a lay pre race and trade off in running for a guaranteed profit.
In this episode the calculations are –
£50 per point for me so £50 x 5 = £250
£250 divided by 3.65 (the horses price) = £68.49
I want to make 40% profit so 68.49 times by 40% = £27.39
This will be my profit if we have a successful trade
My back bet will be £68.49 (initial lay stake) minus £27.39 (profit) = £41.10
This then becomes my back stake.
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