Uses Betfair, for horses running in UK, Ireland, Australia and NZ.
Runtime 3.20 minutes.
What is Laying The Field?
It is the Laying every horse in the race to lose, simple as only 1 can win (or maybe 2 in a deadheat).
That is the raw principle of the term "Lay The Field", however our new bot is not designed to do that.
What it is designed to do is Lay horses when they hit certain price triggers, either inplay or pre play.
In the photo on the right, if you are laying horses in running and your setting was to Lay at 1.80, it is very possible that 4 or 5 may have traded as low as 1.80.
If 4 did, you would have lost only 1 bet costing you 8.00 on 10.00 lay, meaning you would have made 3 bets, realising 28.50 after commission, and the loss of 8.00, race profit 20.50.
Yes I know you will not always get the finish of races like this, but if only two horses trade under 1.80, then you will still make money.
Lose 8.00 on the winning horse, and win 10 on the losing horse, less commission 5% on 10-8= 2.00 = 1.90 profit.
This is only one price example, you can go lower, image laying at 1.02, yes you have seen horses trade this low and get beaten, good thing is you only need to win one in 48 races to make a profit.
Then there is the other end of the scale, you can look at laying the field 3.00, so once a horse trades at 3.00 it is laid. Yes you need 4 horses to trade at 3.00 to make a profit. However we have a setting in the bot, that means sometimes the winner will not be a laid horse so you can make a profit even if one or two only are laid.
How can that happen?
If you have the bot set from a minimum price of 3.05, then horses under 3.05 at the start of the race will not be laid. So if horses above that price and then laid in the running and then one of the excluded horses wins then you win on the horses that were laid.
This can also be the case in any price you set to lay, even in the 1.80, and if you have a setting of minimum price of 2.00, then a horse under 2.00 at the strat of the race will not be bet, so if any other horse trades under 1.80 and the hot fav wins, you still win.
These two prices are only suggestions, and the great part is you can use 5 different strategies with the one bot.
The bot can be used on races in the UK, Ireland, Australia and New Zealand.
The bot trades in play and preplay, as soon as a horse hits the price, the bot will place the bet.
You can set different race distances, as sprint races up to 1 mile (1,600 metres) with usually have close finishes, than longer distance.
You can also set the type of races, Mdn, 2yo etc.
Days since the horses last start, so you may want to lay horses that have not raced in the last 30 days you do that.
Plus more settings, like runners Fav Price race, and two staking options.
This is the Software InterFace:
You get to lazer target the Race Types you only want the bot to bet on.
You can also exclude certain tracks if you wish, and certain races.
You may only want to lay in 4 races for the day on that specific tab, you can do that also.
Lets Pop The Hood on the Software.
Video runtime 13 minutes.
Summary of the Bot.
Lay in play or pre play.
5 separate Lay tabs so you can use 5 different criteria.
Set distance ranges.
Set which classes of races you want to get involved in.
Set favourite odds range.
Set Lay bet price (e.g 1.6 or 10.00 etc)
Set the range of odds that the bot will preload for the race.
Set days since last run, this will exclude horses that fall outside of the days range.
Two staking options, 1. Level staking, 2. % of bank staking.
Exclude tracks and races that you may wish not to bet on.
Auto reload, races every 30 minutes
Summary of all the bets available, and in excel format for export.
Complete log files, so you can see what the bot is doing at anytime.
Some more food for thought for Lay the Field Strategies
The aim of the method is to try and take advantage of a competitive horse race and the volatility of the markets so we can get multiple lay bets matched. During the average horse race, you will see the odds bounce around all over the place with so many different horses competing and trying to get to the front.
Some suggest that camera angles and confusion from those at the track is also a big contributor to the sheer carnage of the in-play racing markets. So, whilst the average newbie trade is scared by this volatility we can set a trap that will take full advantage of the most volatile races with the Lay The Field method.
General rule of thumb
When deciding which odds to lay at the general rule of thumb to think about is that the higher odds you lay at, the MORE horses you need to get matched.
For example, if we Lay All @ 1.50, we need 2 horses matched to profit.
If we Lay All @ 2, we need 3 horses matched to profit.
If we Lay All @ 3, we need 4 horses matched to profit.
No one size fits all
A big mistake many novices make with laying the field is by thinking that they can just repeat the same strategy on multiple races and make a profit.
Finding the right races is the key for success for Lay the field strategy
If you were to be laying at every race all day long @ 1.50 then you will not profit long term. Take the field size into account along with how competitive you think the race will be.
The Shorter (distance) the race, the better it is for Lay the field Strategy
look for races that are going to be less than a mile and a Maximum length of 1m4f (1 Mile 4 Furlongs) What has been observed that laying at 1.4 works well in race between one mile and one and a half miles on the flat. Five to seven furlong races don’t win as often as expected as often one horse is leading into the final furlong and the other horses aren’t quick enough to reign it in. Yes, we can use this strategy on Lay the Field bot ( at 1.4 price between 1 m and 1.5 mile on flat)
Avoid Races with odds on favourites ( in other words, select a more competitive race)
A short-priced favourite will make it much harder for multiple horses to be backed at short odds so they are the type of races you should avoid with this strategy.
Avoid long jump races, it may win you lay the field but comes with lot of risk
Over longer trips ( 3 miles or more) a horse may look to have gone for home and win but can run out of petrol near the finish allowing those that have come from the back to pick it up and allow you to get two or more lays taken.
Quotes from some great punters who have used Lay the Field strategy a lot :-
Distances - remember, you need long enough for other punters to react. A 25-horse dash over 5f down a straight will rarely work as well as you think - it takes too long for punters to isolate a horse who might win. When they do, that one invariably wins. I found my best results started at 7f.
Field sizes - when the fields are too big, it's tough for one horse to shorten up as much as you need (as others are still a chance in the race, and in theory, the market % should be near 100). This is where I often post higher lines, looking to get three horses matched <3 rather than two at 1.3.
Price of favourite - relates to field size as well. If it’s a 16-runner handicap with 8/1 the field, it will be very difficult for one horse to shorten up enough to be shorter than he should be. Remember, you are trying to lay over-reactions, not true prices.
On a bit of research through the BF historic data, the best tracks were:
(NH)
Worcester
Towcester
Huntingdon
(Flat)
Yarmouth
Leicester
Doncaster
Reasons - camera angles are important. You want tracks where it is tough to work out who is in front, how close the horse making a late run really is, etc. Those tracks either run at the camera (Worcester), have long and wide straight tracks where horses often split down both sides of the track (flat), or have a nasty hill which is deceptive to the inexperienced jockey/poorly performed horse (Towcester).
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