In an earlier incantation of my lay method I was placing a "stop loss" on the shorteners occasionally, and again you could probably automate this. I'm really trying to make my approach as simple as possible now, and I've learned from experience that the best "stop loss" is to place the lay just before the jump or not at all. Drifting after the lay doesn't worry me in the slightest.

Pix

Laying just before the jump is almost equal to taking the average lay price available. It's not the worst you can do, but it's not the best either.
If I were to lay them just before the jump, I wouldn't make as much or even suffer a slight loss I think.
In the case where you can't estimate the correct price, then taking the last price is o.k.
In my case, I have staggered wagers to percentage of bank maximum that ensures I get at least better than the average price.
That is why I concentrate on the short end of the market, because I can accurately assess the longterm true price and the fluctuations are not savage to my detriment.
The difference between betting blind on the tote and blind on Betfair, is that you must end up with whatever they give you on the tote, whereas with Betfair you can specify what you want and load your lay bets to advantage if there is a crunch in the price.

It's no secret how my staking is done, so I'll share it.

For overseas races, I take the prepost price and deduct 10% on Even money to odds on.
I deduct 20% if there is a scratching which is in the betting market.
I then just load my bets at these prices for an even money horse:

1.80
1.78
1.76
1.74
1.72
1.71
etc.

Why? Because I know that longterm, anything less than 10% less than prepost on these shorties is longterm profit. The more that's matched at shorter and shorter prices, the bigger the overlay (underlay in reverse for laying). A price crunch does not affect me longterm.

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Did anyone follow her picks this month on Adrian Massey's site?
I was following her thread, a lay comp, but didn't realise that the gladfly mathematician was the ""famous" "infamous" Maria of another forum.

That %^$#*@ Debacle. What a debacle --- and all by a nose or some such. What am I doing still laying horses in Launceston at 6.00 at night?

Oh well, Mark, still up for the day, I imagine. Well done.

Beat me to it merriguy. Nosed out in 3 photo's.

Launceston
R1 7 GEORGIA STAR 9.4............I only got $1.83 on
R2 2 MISTY CROWN no bet
R3 3 FULL VELOCITY 4.8
R4 6 TIBOOBURRA TRAVIS 4.5
R5 1 AFFAIR DE JOUR 8
R8 4 APRILIA 8.6
R9 1 ONE WAY TRAFFIC 5
R10 6 DEBACLE 6.89 won

Eagle Farm
R1 5 VAL DE LA DIVA no bet
R2 8 FLYING SILVER no bet
R3 9 MR MOJITO 7.2 won
R4 9 DUSTY TAAN no bet
R5 10 SHEWHOMUSTBEOBEYED 6.8
R6 7 POWER CITY 4.7 won
R7 3 NATIONAL FOREST no bet

Randwick
R1 7 REIBY REFRAIN no bet
R2 4 NAVAHO TRAIL no bet
R3 3 ROLL OVER ROVER 5.1
R4 8 NOW NOW no bet
R5 3 SWEED no bet
R6 7 COLOURFUL MOMENTS 6.6

Werribee
R2 2 PERFECT RULE 5.5
R3 7 LADY MAMBO ** 2.44 fav won
R5 10 PASS THE BUBBLY 6
R6 3 TILL TIME no bet

Gawler
R1 2 L'ARTISTE 3.25 fav
R2 7 PRINCE DANZATORE 5.6
R3 4 STAND YOUR GROUND 5.8
R4 2 POSITIVE ACTION 2.86 fav won
R5 5 DON'T TELL KEL 5.8
R6 3 SYMMETRICAL STAR 6.4
R7 6 SHAMANIC no bet

Queanbeyan
R1 2 DANCING DRAMA 3.05 won
R2 3 TREPEZANOV 5.2 fav
R3 5 JUSTA PRETENDER 8.6
R4 1 BREZINA no bet
R5 2 THE BOXER OFF
R6 7 PINEY CREEK OFF
R7 1 BOSSY MATILDA OFF

Started off well, being well up after 7 lays lost. Then 4 out of the next 7 won. Clawed most of it back until 2 of the last 3 won, and finished at the days low.

Selections 39
Bets 24
Losses 6.............about 3 too many!!

Nett loss $112.95.
New bank $2040.82, bets unchanged.
Still ahead by 2.04%

Suffering a bit of analysis paralysis today but here goes anyway.

Kembla
R5 9 HARAM
R7 2 FIORI
R8 8 CHOOSE TO DREAM

Mornington
R1 4 CIAO ROCKY
R2 3 INEIGHT
R5 2 BROOKTON MIST
R7 7 DEVILISH

Rocky
R3 4 SPEEDEX
R5 1 REVOLVA

As much as I hate tinker...........I'm changing the price bands as there seems to be too much risk on the upper end of the middle band.
The new prices are 0 -3.50 @ 1%, 3.55 - 5.60 @ .6%, 5.7 - 7.2 @.5%, and 7.4 - 10 @ .4%.

Todays bets are $21.53, $12.92, $10.76, and $8.61.

Mark, I think this change to the price bands will prove to be beneficial - hopefully!

Good luck.

A lot less action today, and a small loss, with 1 losing bet from the 4 lays.

Kembla
R5 9 HARAM 7.8*
R7 2 FIORI 3.8 fav.........won
R8 8 CHOOSE TO DREAM 4.2

Mornington
R1 4 CIAO ROCKY no bet
R2 3 INEIGHT no bet
R5 2 BROOKTON MIST no bet
R7 7 DEVILISH no bet

Rocky
R3 4 SPEEDEX no bet
R5 1 REVOLVA 8.2

*I don't usually comment on suspect goings on in racing but this one caught the eye. Opened fav and just blew and blew. Funnily enough it missed the start and raced wide the whole way, before flashing home to grab 3rd.

Nett loss = $7.57.
New bank $2033.25, no change to bets.

Day 5

Ipswich
R3 4 IMPERIAL GROUCH
R4 4 FRISCO AFFAIR
R5 10 MAXIMISS
R7 2 RED ABERNANT

Canterbury
R4 5 ANEXTRA
R5 6 FULLY ARMED
R6 6 SPRINGDINGO
R7 1 FLYING ORDERS

Sandown
R2 6 HIGH CZAR
R5 4 DISCORSI
R6 6 FLASHNIKOV

Coffs
R3 3 TIGRE D'OR
R5 7 GALLIC MISS
R6 4 SONOFA STAR
R7 3 BELLBUCCA
R8 3 GYMNASIUM

Kyneton
R2 10 SKIBO CASTLE
R3 3 DENSARRAY
R4 5 THINKING
R5 8 FAYE'S HAT
R7 3 LURE THE LION
R8 2 ZWAHILLION

Bets are $21.53, $12.92, $10.76 & $8.61.

Skibo Castle.............how many more will win by a nose????????