... But I am not sure that is strong enough...
-------------------------------------------------------------------
Road works are a pain but path works are as well.
We had a major path cut off for nearly a year because of a water issue and we had no idea when it would open again.
So it was a nice surprise while out walking yesterday morning to see the barriers had been removed and you could use the path again. :-)
-------------------------------------------------------------------
Morning!
I was having a peak at some of the other YouTube videos out there when I came across one that had the video title "The easiest way to make money from betting on horse racing"...
...Or something similar.
This video has had around 3.8K views over the last year so it caught my interest until I started listening to the content.
The author was going on about how profitable it is to lay runners over 50 on the exchanges.
Now what I am about to share with you is a little "Tongue in cheek" and there is no way I would suggest you lay bet anything at those prices.
But for the comical value.
Of course, the first thing I did was fire up PR Ratings and set the price range from 50 to 1000.
Now you are going to get thousands of selections doing this...
...in fact 41526 from 1/1/2023 until yesterday.
Is it profitable?
Yes, you could have made 1935.84 points if you had selected all of them...
...But not so fast there is some bad news here.
Your bank drawdown would have been 2907 points and for all that work you would be making 4.66% return on investment and not every month is profitable.
Some interesting things though.
The last 4 months have all been profitable producing 1769 points profit...
...with just a 388 point bank draw down (Yes you would have busted).
I couldn't resist using "Quick Analyse" and if you took at just AW (All Weather) then the strike rate is 99.18% and the ROI is a little better at 22.92%
I was tempted to dig a little deeper then I checked myself because you wouldn't catch me lay-ing at these prices no matter what the possible profit.
Still, if you want to do your own research then...
Click Here to find out more about PR Ratings.
https://prratings.co.uk/
Not sure I agree with anyone doing a video where they make out it's ok to lay at 50 or over...
...That could be a costly mistake for a lot of people.
Until Next Time
Malcolm
I create the tools so you can create systems.