Stupid Questions

[Spectre]

Thanks Kev. Question was in relation to Lord Accord but Q has now convinced me he's a certainty to get into the Ultima so I'm a happy bunny now. Good to know though re others unlucky enough to be balloted out of Tuesday races.

I think on balance Lord Accord gets in too. Lobos. I think he might be right on the button though.

[Lobos]

I think on balance Lord Accord gets in too. Lobos. I think he might be right on the button though.

Yep, I do think it'll be tight. Money back if he's balloted out but I'd like a run as he looks to have a major shout to me. I'd back him in the KM if he were balloted but wouldn't be so keen on him there.

[seathestars27]

Are we done now on declarations - just the 2 day decs to come?
Cheers

[Quevega]

Are we done now on declarations - just the 2 day decs to come?
Cheers

6 day entries start next wednesday, then we have something every day.

Wednesday8th Tuesday 6 day
Thursday 9th WEdnesday's 6 day
and so on
until 48 hour decs start on the Sunday

[Always a Claimer]

Now the weights have been released, are they 100% set? Using Boodles as an example, Mctigue carries 11-12, and is rated 6lbs higher than the next highest. If Mctigue is now withdrawn, does the next highest move up to carry 11-12 and everyone else carries 6lb more? Or does the highest weight becomes 11-5 and everyone else carries the weights stated?

appreciate this is probably a silly question (hence posted in here) and I imagine until final declarations the weights can move if horses are withdrawn, but keen to check!

[HoldenTheReins]

In terms laying off your stake on BEX if you had 15pts staked you have the option of pay out or liability on BEX.

How does the math workout if you want to lay off your 15pts?

Example you have 15 pts staked at 26 and the price now is 4.

Can someone educate me on how to cover my stake so I have basically a free bet?

[Benjy23]

Now the weights have been released, are they 100% set? Using Boodles as an example, Mctigue carries 11-12, and is rated 6lbs higher than the next highest. If Mctigue is now withdrawn, does the next highest move up to carry 11-12 and everyone else carries 6lb more? Or does the highest weight becomes 11-5 and everyone else carries the weights stated?

appreciate this is probably a silly question (hence posted in here) and I imagine until final declarations the weights can move if horses are withdrawn, but keen to check!

You're right with the bottom paragraph.

[Benjy23]

In terms laying off your stake on BEX if you had 15pts staked you have the option of pay out or liability on BEX.

How does the math workout if you want to lay off your 15pts?

Example you have 15 pts staked at 26 and the price now is 4.

Can someone educate me on how to cover my stake so I have basically a free bet?

You'd click the lay at 4s and just enter 15 pts as the 'stake', your lability would be 45 pts. So you'd have a 0pts green on every other runner and whatever 15pts at 26 - 45 pts is on one runner.

330pts? Someone else can check that

[Fouroverthrutwo]

In terms laying off your stake on BEX if you had 15pts staked you have the option of pay out or liability on BEX.

How does the math workout if you want to lay off your 15pts?

Example you have 15 pts staked at 26 and the price now is 4.

Can someone educate me on how to cover my stake so I have basically a free bet?

You can hedge your bets so that you guarantee a profit. A free hedging calculator would help

https://help.smarkets.com/hc/en-gb/articles/115002171411-Hedging-calculator

[On The Fringe]

Here's another question related to hedging.

Let's say I've got a tasty looking fourfold, but leg 3 is a real liability.

If legs 1 & 2 win, what could I do to lock in some profit or break even before Leg 3 runs?

In an ideal world, leg 4 would be the iffy selection, in which case I'd just lay that selection on the exchange to my desired level (presuming legs 1-3 won) to guarantee some profit, but with it being leg 3 that is dodgey, I cannot do this, as there is no guarantee leg 4 will win and then I've lost the original bet and additionally and more importantly, the larger lay bet on leg 3.

Any pearls of wisdom on how to tackle this?

TIA

[Old Vic]

OTF - I might back to lay leg 3 on the exchange but that can increase your loss also tend to back doubles and trebles in separate bets rather than yankees

[Benjy23]

There's not much you can do to be honest. If the bets actually worth anything and leg 1 and 2 have already won then you should be able to lay leg 3 (and 4 if it got that far), but you'd obviously be losing a fair amount of the returns.

It's hard without context but if leg 3 is a no hoper and now a much bigger priced than you've backed then the bet is probably fairly worthless in terms of attempting to trade isn't it. Even if the other three legs now look certs!

That's your least risky strategy if you like. Otherwise you're looking at backing more horses and potentially increasing any loss.

[On The Fringe]

Thanks Old Vic and Benjy23 for your comments. Lesson here is to do doubles, trebles, yankees in the future!

For context the horses are Con Hill, Gaillard Du Mensil, Flooring Porter and GDC, for a 700 point return (backed at start of August) so the bet is by no means dead in the water, but I need a miracle for Flooring to return to form given how this season has gone for him.

If FP shortens between now and the Stayers, and legs 1 & 2 win, I'll look to lay leg 3, and if FP wins, I'll lay leg 4, but like you say, you're waving goodbye to a large proportion of any potential winnings.

[Kevloaf]

Thanks Old Vic and Benjy23 for your comments. Lesson here is to do doubles, trebles, yankees in the future!

For context the horses are Con Hill, Gaillard Du Mensil, Flooring Porter and GDC, for a 700 point return (backed at start of August) so the bet is by no means dead in the water, but I need a miracle for Flooring to return to form given how this season has gone for him.

If FP shortens between now and the Stayers, and legs 1 & 2 win, I'll look to lay leg 3, and if FP wins, I'll lay leg 4, but like you say, you're waving goodbye to a large proportion of any potential winnings.

If leg 1 & 2 won, I'd lay Flooring Porter for the amount of my initial stake, leaving whatever was left as a 'free bet' on Galopin Des Champs

[HoldenTheReins]

If leg 1 & 2 won, I'd lay Flooring Porter for the amount of my initial stake, leaving whatever was left as a 'free bet' on Galopin Des Champs

Do you lay BFSP or as low as you can get?