What is better, lay a win or lay a place?
After 48 WEEKS
What are the profits?
864 WINS LAYS, 859 winners, strike rate of 99.42%
Average pay outprice is 35/1
864 x $100 profit = $86,400
Less losses
5 x 35 x $100 = $17,500
Profit on win lay is $69,000
864 PLACE LAYS, 847 winners, strike rate of 98%
Average pay out price 10/1
864 x $100 profit = $86,400
Less losses
17 x 10 x $100 = $17,000
Profit on place lay is $67,000
Summary:
So without loading up your liabilies in win lay the profit (with less liabilities) is about the same on place laying.
You would think that place laying is better?
Average profit per week is $1,400 (700 pound)
That is a great system.
James
I don't go searching for lays, as focus on exotics, however if I went searching for unfit horses a few more times a week;
I am sure that the profit per week could be $AU3,000 or 1,500 pounds or even higher or $150k per year.
With a place, 98% win rate or 2% loss rate.
You would get set for $100.
James