Simple, stupid question

[Todoroff]

Hi, sorry for the stupid question, but I want to know if I have a bank with 300 euro (for example) and I Back a horse for these 300 euros, can I Lay It for 300 euros after that with a few tick lower price, provided that my Bank is 0 when I once use all of it.

P.S. Sorry for my English. I hope you understand me.

[Temujin]

Yes you can. It all works on liability of your account. Your second transaction is not actually adding to the liabiliity, so can be done.

The same way that I believe you can do this a few times, maybe get 50 dollars profit up, and then be using a bet of 350, as that would put your liability to 0.

You could also put a bet of 300 at 50/1, and after it was matched, put a lay of 1 million at 1.01 on the same horse. Obviously extreme examples, just trying to show you that as long as your liability never gets past your bank, you are ok.

[Wednesday 13]

Though, I would recommend not to expose your bank up to the last cent or penny; not for reasons of money management, which is good reason, too; but because of possible problem with your account: I have been recently warned in another forum that, for example, if your bank is 300 quid, and you place a bet with liability of exactly 300.00, when it gets matched, your liability may become 300.01, due to rounding of odds or currency conversions; that causes automatic suspension of your account (you overstepped available funds), and then you must bother with their helpdesk to clear the suspension.

[Todoroff]

Thanks, Temujin

[Todoroff]

Thanks. I am asking that because I think is better to place Back bet for 300 at any price I want that to place Lay bet for 50 euros for example at max price 7 or am I wrong.

[Temujin]

Thanks. I am asking that because I think is better to place Back bet for 300 at any price I want that to place Lay bet for 50 euros for example at max price 7 or am I wrong.

That is a whole other argument.
My personal opinion is no it isn't, which I am sure is documented on this forum, most likely in a few spots. Sure if I were starting out now knowing what I know, with a small bank, I would maximise every trade. But with a full bankroll, I see no reason that any random trade you make should be weighted heavier than any other. Sure, you may have a strike rate of 80% profitable trades, but if that 1 in 5 is a back first trade at 300, then you need 80% just to break even, assuming the same average tick loss as profit in the profitable trades.

The way I see it, your liability is what it takes in a 100% environment to return your money on average. Simply put, your liability is stake * (odds-1), this if for both back and lay.
Yes, there are times I have gone against this and gone in heavy, but my general rule is, never weight your trade entries based only on the price.

Is only my opinion though, I am sure you will find plenty who will disagree with me.