Bank is starting at €1,000. The Initial Lay stake is €10.20 to win €10 after commission per successful lay (so 1% of the bank). The Max price is 10.0 (so the max loss per selection is 9% of the bank).
If the price is above 10.0 at the time the selections are placed, a lay of €10.20 will be placed on the race at 10.0 and “kept” to be then matched in-running. If it’s matched it is recorded, if not, it’s not. Results will be recorded at BSP if the price at the off is below 10.0
The stake will stay at €10.20 until the bank grows; once it does the stakes will revert to a new 1% of the bank and continue.
Just to note that there have been some larger drifters in testing over the last few months from the price when the selections have been picked, to the price compared to the off. This may be an angle to keep an eye on for people also. I had a selection yesterday that I layed at 8.2 that went off at 18.0 – of course, this doesn’t happen with all but it’s been rare to have a horse tighten significantly.