Category Archives: Money

Money Management is a key skill of the serious bettor and a topic that we cover regularly

Green Up: How To Calculate Your Stakes

The first thing to say is that when this article was first written there was no cash out button on Betfair, so life is easier if you just want to lock in a profit and green up on a horse you've bet, no calculator required.

But you should know the maths and how to calculate your own stakes and that's what we cover on this page.

Yesterday Pete asked how do we calculate our stakes when we have made a trade and we want to green up.

So Pete has backed a horse that is shortening in price and he wants to green up on that selection. IE lock in a profit whatever the outcome.

If for example you were lucky or smart enough to get on Shaws Diamond yesterday morning you could have bet it at around 16.0.

This mare started with a Betfair SP of 6.64. (Easier to find these green up opportunities in hindsight!!)

So let's say you had a back bet for £10 at 16.0 in the morning and it's just before the off and your horse is now trading at 6.8.

You want to lock in a profit on Shaw's Diamond and want to know what stake to lay at 6.8.

The calculation is to multiply your initial stake times your initial back odds (£10 x 16.0 = £160)

You then divide that by the lay price that you can get (£160/6.8 = £23.52)

Place your lay of £23.52 at 6.8 and your initial bet of £10 has now converted to a guaranteed payout of £12.84.

I mentioned a while back that a lot of serious backers don't wait for a selection to win these days.

Instead they lock in a profit once their horse trades down to a certain level and then lock in the profit.

This method is great for predetermined trades or for when you have time to calculate the stake.

When the pressure is on you might prefer to use software that can make the bet in the click of a button 🙂

If you want to it the other way around. So say you have one that's drifting and you lay a tenner at 6.8 and now can back it at 16.0.

Multiply your lay price by your lay stake (£10 x 6.8 = £68) and then divide that by your new odds (£68/16.0 = £4.25).

Back your selection for £4.25 at 16.0 and lock in a £5.46 profit.

A final note: It's easier to find steamers just listen to the pundits and check out free tipsters. Also you risk less money in the initial bet and get a better profit on the green up.

(Green Up: Common parlance for a guaranteed profit on Betfair where every selection shows it will profit if that selection win)

The importance of breaking even

David Massey is away today so I'm going to fill the gap with some wise words from the brain behind the Bet Less Win More tipping service.

That brain is Gary ‘The Boz' Boswell and the Bet Less Win More service is all about slow and steady profits.

Some might say it's not very exciting when you win a small amount everyday and the gamblers reading will no doubt prefer the excitement of losing runs followed by big winners.

But if you want to make long term profits a little bit most days without ever dropping into the red has a lot going for it.

The excerpts below are taken from an article Gary wrote for the Betting Insiders Club.Continue Reading

Guaranteed Profits

With David away for the week I have to confess that I'm scrapping around trying to find interesting things to tell you.

So today I'm going to tell you about a method that can guarantee you betting profits and then after I've explained that I'll tell you how you can make just as much profit with less than half the work, with a but.

The but is that the much easier method doesn't guarantee profit on every bet, but (again) you are guaranteed to profit over the long run and as I say it's a lot easier.

What I'm talking about is betting those each-way bets where, because the bookies are locked into 1/5 or 1/4 odds, that the place odds are much larger than they should be.

So an example…Continue Reading

Cash Chaser

Before I hand you over to Steve, I wanted to make sure that you grabbed your copy of the Cash Chaser system.

This is a pretty straightforward system that picks runners in Chases based on top jockeys.

It comes with full results back to 2011 and has shown a 32% ROI and a 30% strike rate.

And it's yours for free. Here's the link…

https://dailypunt.com/6ik7

Here's Steven Trow of Clear Bonus Profits with this weeks offers. If you want to make an extra £1,000 per month from you can get started for a pound here http://clearbonusprofits.com

Continue Reading

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