Tag Archives: advantage

Backing Favourites, Profitable?

Today we have our regular Wednesday article from Malcolm Pett of http://greyhorsebot.com

Can you make money backing favourites?

Most people tell you that there is no value in backing favourites and you should stay clear of them and look for those “outsiders” that come in now and then, at a really good value.

It sounds plausible except almost 80% of all winners come from the top 3 or 4 in the betting and so although it’s not rare to see an outsider come in at great value…

…It’s not easy finding and identifying them.

If you have read any of my articles then you are probably aware that I tend to go on about strike rate and average winning odds a lot.

There is good reason for this…

…They are important…very important.

At the end of the day all that matters is that these two figures stack up and make you a profit.

If you go for the lower strike rate range then you will need higher AWO odds to make money.

Where a higher strike rate means you need lower AWO to make money.

So it doesn’t matter if you are on favourites or outsiders the figures still have to add up.

People love going on about finding value and if you like being a detective then it is really good fun.

But value bets winning are rare and so even if you get good at spotting them your strike rate is still going to be low, meaning you will get a lot of losers before finding a winner.

Looking for value bets also needs a big bank roll and you need to know when to take advantage of the odds available.

I follow a number of systems like this and you soon find out that you have to go through losing runs of 20, 30 or even 50, to make these systems work.

Not many people are prepared to do this and not many people have the bank to support it.

I am not saying you shouldn’t have high price value strategies…

…I am just saying it probably doesn’t want to be your only strategy.

But we have already talked about there being no profit in favourites so what else can we do?

Well let’s discuss that for a moment.

Let us say that we came up with a system that uses favourites and has an average strike rate of 50%.

That means “on average” we win one bet and we lose one bet.

So every time we lose…we lose 1 point which means every time we win we need to do better than 1 pt to make money.

In fact if we take Betfair prices where we can generally do a little better then we need an average winning price of 1.05, just to break even.

So let’s say for arguments sake we get on average a winning price 1.26 (2.26).

1.26 * 5% = 0.06 = 1.20 profit

So if we had 100 selections in a month and won on 50 of them it would look like this…

50 * 1.20 = 60 – 50 = 10 points.

So as you can see we don’t have to have a very high “average winning odds” to make a decent amount of points every month.

The thing is to test…it’s no good saying you cannot make money on favourites unless you try some strategies over 2 or 3 months.

If you pick well then even if you don’t get the prices you need. You are unlikely to lose as much as you would following a low strike rate high value system with long losing runs.

We are testing a number of high strike rate systems over at the Grey Horse Web site.

Check them out here.

http://greyhorsebot.com

Thank you as always for reading I really do appreciate it.

Malcolm

Today's Selection

6.50 Kempton Danas Present – win bet 11/4 Bet Victor

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Bet on Goals

I recently heard about this housewife gambler who is making good steady long term gains from football betting. Specifically betting on the over 2.5 goals market.

So I made contact with Louise and she agreed to write an article for us on why she bets in the over 2.5 goals market and why you should to.

Why You Should Consider Betting On Goals

Betting on the number of goals in a game allows you to win money without having to predict who will actually win the match. Typically that means betting over or under 2.5 goals at the outset of most games.

From a strategy point of view it is a style of betting that has both pros and cons, and a bet that will split the crowd amongst professional punters.

Some pros moan that it is hard enough predicting where the goals are likely to come from without worrying about how many goals you’ll see.

For people like me, looking at the number of goals produced per match is a much more reliable – and profitable – strategy than predicting who will score them.

I am a woman, clearly. I am a working mother of two and a maths graduate.

I can’t profess to be a football expert but what I do have though, is something that many so-called experts don’t have – a genuinely mathematical mind, and a degree to prove it.

My profitable betting, which I now share with my subscribers, takes advantage of the maths-based match analysis methods I have developed for use in the football goals betting markets – specifically Over 2.5 match goals.

What I like about this market is that, not only are goals ‘good’ from a predictive point of view but also that the bookmaker’s overround is less crippling than it is in other markets such as say 1X2, HT-FT or an antepost market like say the winner of The Grand National or The Champions League.

The overround is a very important concept in betting. It ensures bookies make a profit regardless of the outcome of an event and is the foundation of a bookie’s business. The concept bookmakers use to do this is simple, they offer all bettors lower odds than those they believe an outcome is truly worth. The overround is expressed as a percentage, with a 100% book representing a market where the bookmaker has no margin whatsoever. The higher the overround percentage is then the bigger profit is for the bookmakers. If the percentage goes below 100% then the bookmaker stands to lose money.

For example, if the over-round is 120% the bookmaker will expect to pay out £100 for every £120 pounds they take in, yielding them an expected profit of 20/120 = 16.7%.

With fixed odds for three possible outcomes in a football match bet – the home win, draw, and away win – a typical overround is between 107% to 112%. Indeed some Internet firms can go as high as 118% for games in obscure football leagues where they fear that individual punters can carry a far greater edge than their hard-pressed compilers.

As a rule of thumb, the greater the number of possible result permutations within a sporting event (or within one of its constituent parts, such as a scoreline), then the greater the bookmaker's overround will be.

A correct score bet in football can have as many as 24 possible options on which to bet. A typical overround for this type of bet may be anything from 130%-160%, depending on the bookmaker. You’d probably find something similar in a competitive big field horse race such as The Grand National.

In contrast to correct score betting, total goals betting in football, where there are only two possible outcomes (over 2.5 goals or under 2.5 goals), attracts overrounds that are commonly less than 110% and sometimes as low as 102% for a Premiership game, say, where the bookies are actively looking to attract a high volume of business.

The name of the game in betting is to minimise the bookmakers’ advantage at all times while playing up the impact of the things that are in your favour whether that’s stats, a value model like mine, or local knowledge about teams and players that can impact on a result.

With that in mind betting opportunities with just two potential outcomes are always worth looking at as both the strike rate and potential returns can be excellent for those with a demonstrable edge.

If you can get your head around betting on goals then the over 2.5 goals market is absolutely one of the best betting opportunities that currently exists.

Louise' Soccer Tips service has a number of selections for this weekends footy action and I have included one for you here…

League – England Premier
Kick Off Time – Saturday 1st November 12:45
Teams & Selection – Newcastle v Liverpool OVER 2.5
Prices Available – 1.78 Betvictor Pinnacle – 1.76 Marathonbet 188Bet – 1.73 Bet365 Sbobet Boylesports
Stake – 1.5pts
Oddsportal Link
After the number crunching on this game I reckon the true odds price to be around 1.60

To join Soccer Tips or to find out more about Louise and her service go to www.soccer-tip.co.uk

Today's Selection

2.40 Stratford Summer Storm – win bet – 13/8 Boylesports

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Big Profit from Multiples

Do you bet in multiples?

Doubles, trebles or acca's (accumulators)?

I have always been of the opinion that these types of bets are just for the bookies benefit and have always avoided them, even though there is a promise of huge profits if they come off.

I do remember a few years back reading an article about how if you are making value bets, if you combine them into doubles or trebles that you magnify the advantage that you have because the value multiplies. But that didnt change my methods.

The results from yesterday's Racing Consultants tips have caused me to think again.

Yesterday they gave three selections to be combined into a half point each way Trixie.

A Trixie is 3 doubles (eachway doubles in this case) and a treble, so four bets.

The guys managed to land 2 of the bets, the advised prices were 6/1 and 9/1 (there was a 10p rule 4 on the 6/1)

A £5 eachway Trixie where only two of the horses won paid £376, which is a £336 profit!

That's a big return from getting just two bets home.

But the thing that really surprised me is that if they had got all three home the return would have been £5,620 for a £40 outlay.

(The non runner was 11/1)

I need to re-think my betting and staking strategy.

Do you bet in multiples? Tell me in the comments, if you've had any big wins tell me that also.

Find out more about the Racing Consultants here http://racingconsultants.co.uk

Today's Selection

4.00 Newcastle – Lady Bingo – win bet – 4/1 Bet 365

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Saturday Racing and Football

Today we have football bets from The Alternative Punters Syndicate and racing thoughts from Peter Hawkeye.

We'll start off with football.

You can trial the TAPS racing and football service for a full month for free here.

https://dailypunt.com/taps

Top Rated ‘Best 5 Aways'
(Perm any 3 from 5 plus all 5 = 11 bets)

TOTTENHAM
WOLVES
PRESTON
HEARTS
CLYDE

The best overall odds* for the ‘Best 5 Aways' are available with…
VCBet

This will return just under £110 for £1 stakes.

Hawkeye Tips

Trial the Hawkeye Tips service for one month for just £7.99.

Goto https://dailypunt.com/hawkeye

The draw at Chester is always to the fore when any race takes place there.

But sometimes this is overplayed from the bookies, because they just think anything drawn wide must be at a big disadvantage.

This is not always the case, because if a horses race style is to be held up then a draw can have little impact on that horses overall chance.

Yes you will still need the breaks to run through the field, but that would be the same in any race with any draw.

The only difference being that the tight nature of Chester could make this a little more tricky.

I do think today Angelito in the 4.45 at the venue is a case in point and as such the 12’1 with a few bookies looks generous.

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