I want this to be a separate post because of its importance. Its very short and I could have added it to my earlier posts today, but hey no, this is absolutely important.
This is meant to safeguard your capital / Bank at Betfair. Without your bank, you can not do anything on Betfair. the picks will be absolutely nothing. But with your bank, you can be making money daily via our picks. That si why it is so important to safeguard it.
Below are the simple rules we must follow.
1) Your amount per every LAY BET should not be more than 2% of your bank. E.g. If your capital / bank is $100, 2% shall be $2. This is the amount you will use per each bet. It will be a fixed amount each day. No more than 2%!
2) All Horses that will LAY will never exceed the 6.00 odd mark. That is, the Lay ODD will not be more than 6.00 on Betfair when you place your bet. If more than 6.00, please pass on.
I will not send you any pick that is priced at more than 6.00, but what happens is that sometimes after i have made my selection, the Horse in question may drift (i.e. the price may go up, meaning many people are feeling this horse will surely not win the race).
Just yesterday a horse I laid at 4.10, by the time I checked again some few hours later, it was now priced at 7.10. When this happens, it is an opportunity to guaranteed your profit without even the race taking off. What you do is use the LAY Calculator that is available at:
www.Arbcruncher.com
Enter the lay amount and amount in the calculator and also the new back price. Then it will show you an amount to back at that price to have a guaranteed profit irrespective of the outcome fo the race, this is sweet pot and you will find this happening many times. what happened to me yesterday was that because I layed the minimum amount at Betfair (US$4 or £2), I could not possible back at the same minimum price. But luckily for me, the Horse lost and I won my whole Lay bet amount. But if you Layed at a higher amount, and the opportunity present itself to take your profit before the race, always do so.
These are the rules for now. I will add more here if i find the need for more.
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