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Whats to stop me doing this....

  • 08-10-2009 9:46pm
    #1
    shamblertine
    Closed Accounts Posts: 888 ✭✭✭


    Buying an old horse, getting a 13 stone jockey to ride it, entering it in a race, and then laying this horse with every penny I have?


Comments

  • #2
    mike65
    Closed Accounts Posts: 88,972 ✭✭✭✭mike65


    To lay requires punters who are willing to take on your "bet", as your horse shall be 200/1 and have zero history dispite being old and will carry a 13 stone "jockey" no-one can find in the lists I imagine you'd lack a market.


  • #3
    PCPhoto
    Registered Users, Registered Users 2 Posts: 6,584 ✭✭✭PCPhoto


    in theory even if you could find someone to lay the bet with ..... your horse would be a rank outsider and the odds (lay) would be ridiculous.


  • #4
    Juwwi
    Registered Users, Registered Users 2 Posts: 4,261 ✭✭✭Juwwi


    Is there a 13 stone jockey out there :confused:


  • #5
    cson
    Registered Users, Registered Users 2 Posts: 14,500 ✭✭✭✭cson


    shamblertine wrote: »
    Buying an old horse, getting a 13 stone jockey to ride it, entering it in a race, and then laying this horse with every penny I have?

    HRI/BHRB

    To be honest there are far more intricate and intelligent methods of running a ringer. ;)


  • #6
    pebbles21
    Registered Users, Registered Users 2 Posts: 1,817 ✭✭✭pebbles21


    shamblertine wrote: »
    Buying an old horse, getting a 13 stone jockey to ride it, entering it in a race, and then laying this horse with every penny I have?


    Ok,lets say you had it all set up with the horse,jockey and managed to get someone to take your lay,would you not need enough funds in your account to cover your lay which would have huge odds ,which inturn would restrict you putting every cent you have on it?


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  • #7
    Mellor
    Registered Users, Registered Users 2 Posts: 39,901 ✭✭✭✭Mellor


    pebbles21 wrote: »
    Ok,lets say you had it all set up with the horse,jockey and managed to get someone to take your lay,would you not need enough funds in your account to cover your lay which would have huge odds ,which inturn would restrict you putting every cent you have on it?
    No of course not.
    He puts every cent he has on the lay.

    So say he has 100k, and he sticks this up at 500/1
    He can then make a e200 profit if it is all snapped up, probably would be at those odds. He still has every cent he has on it, as if it wins he loses his 100k

    The lower the odds offered, the more it can potentially earn, but the lesser chance that it will be taken


  • #8
    Fromvert
    Registered Users, Registered Users 2 Posts: 5,081 ✭✭✭Fromvert


    shamblertine wrote: »
    Buying an old horse, getting a 13 stone jockey to ride it, entering it in a race, and then laying this horse with every penny I have?

    Why would somebody back your horse?

    Do you know how a betting exchange works?


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