Those who follow my blog will know I was heavily involved with Button/Brawn pre-season at 'fancy' prices after the testing at Jerez. I believe that the next 2 races (Turkey/UK) will suit the Ferrai & Red Bull teams so I am taking the opportunity to lock in the profit made on bets with UK bookies (bets I am confident will be paid out if they win). I've therefore had the follwoing bets:
Original UK bets:
2pts Brawn at 80/1 (Corals)
4 pts E/W Button at 40/1 (Corals), 1.5 pts E/W 40/1 Button (Boylesports), 1 pt Win Button at 40/1 (William Hill)
(all Max Bets allowed online)
Layoff bets - Brawn:
8 pts at 13/2 with Stan James for Brawn NOT to win the F1 Chmaionship (this was a special price quoted on request from me). (Max allowed).
Lay at 1.23 won Brawn at Betfair to win 80 pts is Brawn do NOT win (risk of 18 pts).
If Brawn Win (1/4 chance), I win 160-8-18=134 (=£3.35K)
If Brawn Lose (4/1 chance), I win 52+80-2=130 (=£3.25K)
Layoff bet - Button:
44 pts at 4/1 on Button with William Hill NOT to win F1 Championship (thsi bet iss availible online, a great price as the Betfaire lay price is 1.33)
If Button wins (1/4 chance), I win 260+55-44=271 (=£6.78K)
If Button loses (4/1 chance), I win 176-12=164 (=£4.1K)
I have not include the US bookmakers for certain reasons that will become clear ... the phrase 'papable error' is coming into play :(