Am I being stupid, or would this work?

[Junior Bettor]

So in Betfair you can put your price in yada yada yada. Everyone knows I know. I also know there are certain "bots" or external programs for betfair. Now I'm not sure if the bots could do this, but would it not be possible to do the following... Scenario : 10 Horse Race. Place Pot. Most horses are valued at 1.7 and over. So would it not be possible to tell a bot to place a £10 bet on every horse, but to only match it when the price hits 1.2 ? So for the 3 horses that are placed, you win £2 per horse, and for the other 7, the bet never gets matched, so you don't lose your stake. Am I completely off the ball here, or is what I'm saying making any sense, and actually possible?

[staffy]

Re: Am I being stupid, or would this work? you cant bet inplay on the place market so you cant do this can you?