Hwjb's betting diary

[Hwjb]

Dunbar,

1) I will attempt to keep up to date as mcuh as possible. If not every day, then I imagine I will be able to manage to keep score on current profits(hopefully)/losses(probably) every other day. We'll see how it goes!

2) I do most of my betting on Betfair, where you can 'lay' a horse, that is bet on it to lose.

3) Place means 1st or 2nd in races with 7 or fewer entrants. 1st, 2nd or 3rd in handicap races with 8-15 entrants or non-handicaps with 8+ entrants. 1st, 2nd, 3rd or 4th in handicaps with 16+ entrants. Bit confusing, I know!

4) My points are on a simple scale from 1-10. I very rarely bet 7+ pts, and will probably only have a 5pt bet once a week or so...wanted to get this off with a juicy bet today, and as I speak Cheeky Lad has romped home! My wage is pretty poor so I can't afford to bet that heavily, and therefore 1pt = £10 for me.

5) The odds I quote will either be fixed with bookmakers or available on an exchange (most likely Betfair).

6) There is no betting tax with bookmakers, that was scrapped in 2001! There is a commission of 5% to be paid on winnings accrued with Betfair, although this decreases the more you bet with them...although for the sake of simplicity I'll work it out at 5% on all bets placed on BF!


Hope that helps!