When is a lay not a lay?
Liabilities determine punters laying horses.
They will lay a horse @ $2.50 but not @ $25.00, yet their chances of collecting may be far greater in laying the longer priced horses.
If your $25.00 horse is only 90% fit, drawn wide and 10 horses fitter, is it a good lay if you know how fit it is.
You cannot win more than 100% (your stake), either @ $1.70 or $100.00, it is all about the horses chances of winning and you lose your bet.
I have done these test before, any priced horse, as long as it is unfit 90% - 91% , against many fitter horses and so far
out of 50 races, 1 has run 3rd and the rest have finished back near last.
Your strike rate is 100% over 50 races, so that is 5,000% profit and generally you are collect about 400 from home.
Fitness is obviously the key to laying big priced horses.
In the UK jumping races, unfit horses get beat 200 – 300 metres.
So when is a lay a good lay?