Tag Archives: backer

Beat The Odds and you Will Profit

Sometimes in life we need to remind ourselves of the fundamentals of whatever we are striving to be successful with in order to get our ship back on course.

With betting the biggest fundamental is value and the easiest way to make money from betting is to make your bets at odds that are better than starting price.

And beat starting price when it is adjusted down for a true market IE the prices make up a 100% chance when all possible outcomes are added up.

Starting price, especially these days with the betting exchange markets is an easy and reasonably reliable indicator of the true price/chance for any runner.

And the easiest and most efficient way to do that these days is to beat Betfair SP.

Betfair SP makes up to 100% and the prices are fair to both backers and layers.

If you can beat the Betfair SP consistently then you will make a profit.

There are tipping services that base their whole selection criteria around betting on horses that are showing signs that they will shorten in price from the morning bookie price to the starting price.

Although that is a winning strategy in itself, a better strategy is to study form and make your own selections, determine your own prices and bet where the early prices are bigger than your assessment.

That can be hard work though and you may want somebody to tell you what to bet to beat the market and if you want to be a winner without the work I would recommend Rory Delargy of the http://racingconsultants.co.uk

Rory regularly beats Betfair starting price and consequently he makes steady and consistent profits.

he also gives a full analysis of every bet he gives so you know exactly why they have made each bet. These write ups invariably include other profitable info and bets that are below Rory's minimum price

http://racingconsultants.co.uk

Updated 27 Jan 2020

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 don't expect to get the best bet possible using the cash out button!

But you should know the maths and how to calculate your own stakes for greening up 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 greening 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 lay calculator 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)

Greyhound Racing Videos

Before I get into the specifics of finding winning dogs by reading the form I want to just give a bit more background info and talk about a method I used to use when I was full time betting the greyhounds…

Finding the winning greyhound in a graded race is about a lot more than the times it has achieved in the past.

Graded racing is the greyhound equivalent of a handicap race except that greyhounds are not allocated any sort of handicap to slow them down.

Instead they selected to be as closely matched as possible.

The Racing Managers job is to put together races that are as closely matched as possible and to, if you like, create a puzzle for the punters.

On course bookmaking at greyhound tracks is notoriously hard, mainly because when money talks in a small market there are not the opportunities to balance out a book. This is the reason that on course overrounds are huge at greyhound tracks and the reason that the Racing Manager does his best to make the races as decipherable as possible.

Don’t let any of this put you off, though, because winners can be found if you are selective and if the meeting is covered by Betfair then fair prices can be obtained also.

As with any activity knowledge equals power or in this case the more you know the more profitable you can be. The ultimate level of knowledge is to have watched every race ever run by every dog in the race to hand and to know how each has been performing at home. (Many trainers these days have some sort of track at their own kennels).

It is unlikely that you can get inside info on every dog in a race but you can often get to see every race a dog has run. For some years now tracks have supplied videos of all races run to those prepared to pay for the privilege. And the backer who focuses on one particular track can, given time, watch every run of a particular animal. However this is an expensive, although ultimately profitable, approach.

I will briefly touch on the things to watch out for when race watching here and next time we'll get on to a more form based approach.

Racing Videos

When watching greyhound racing in the main what you are looking for is

• Dogs that have had a hard race (bumped and blocked) but still performed well indicating they are faster than the time recorded. They are likely faster than the bare form suggests. If you are in the bookies watching the BAGS racing and you see a dog that had a hard race make a note of it and check the results to see what tine it did and estimate what time you think it should have done,. It may be a good bet next time out.

• How a dog breaks from the traps EG do they run straight to the rail, which would cause trouble for the dog inside them but hand an advantage to the dog on their outside. This info can be useful in assessing the chances of the dog in question and other dogs.

• Are they on the bunny! IE doing everything in their power to get in front and win or did they give up easy & just follow the pack home. Chasers, who are not really up for it will win less than their share of races because they don't like to be in front.

Weekend Racing Tips

Nick Hardman of Betting Insiders (http://dailypunt.com/nickhardman) keeps sending winners our way and this week he looks at today's Doncaster card and tomorrows Aintree feature…

Weekend Racing Tips

Our mud-larks ran well at Ascot last weekend with Madame Chiang being the highlight winning at 12/1.  Betfair backers would have been nicely rewarded with an SP of 18.

Not a lot of action this Friday, but I want to highlight the performance of Luca Cumani at Doncaster this season and he has a number of runners this afternoon.

We will also be taking a look at the Old Roan Chase from Aintree that takes centre stage on Saturday.

Luca Cumani is having a solid season and one track where he has done particularly well is Doncaster.  Here are his statistics at the Yorkshire course this season to date:

Runs: 21

Wins: 8

Strike rate (% win): 38%

Strike rate (% place): 62%

Profit to level £1 stakes: £13.51

On Friday he runs:

1.50pm Dreamlike

3.30pm Sleeper King @25/1 (e/w ¼ odds, 5 places)

4.05pm Norway Cross @6/1

4.40pm Kleo @5/1

Dreamlike is a 2yo and Cumani has not had a 2yo winner at the course in the last 5 seasons (0-11). 

I would not be overly concerned by that statistic as he has only had the two 2yo runners up at Doncaster this season.

Overall his juveniles are 7-34 this year at a highly respectable strike rate of 21%. 

Dreamlike made an encouraging debut and there is likely more to come.  The market could be quite informative of her chances and she could go well at a price. 

Sleeper King has failed to progress from a promising 2yo campaign and he has shown nothing in 4 starts this year (form figures 0000).  However, this is his first run for Cumani having previously been with Kevin Ryan.  Caution is advised if you decide to back him. 

Norway Cross is interesting up in trip having won at Windsor last time out and Kleo is still unexposed after two wins this season and a LTO fourth in a Listed race at Yarmouth in September.  These two appear to have the best chances of the quartet.

The jumps season is starting to gather momentum and this Saturday sees the Old Roan Chase at Aintree. 

This year’s renewal looks wide open and a case can be made for many including current favourite Uxizandre, Module, Rajdhani Express and last year’s winner Conquisto. 

At the prices I think there is a bit of value in Conquisto to retain his crown if the ground stays good. 

A lot of the higher rated horses in this race will have other targets such as the Paddy Power Gold Cup and the Cheltenham festival whereas this looks like Conquisto’s main target. 

He is 4lbs lower than when winning this last year and I think he could well have been laid out for this. 

As an each-way alternative then Astracad could outrun his price, especially as he seems to save some of his better performances for Aintree (including a decent 2nd in this last year). 

In 2013 he ran in a 2 ½ mile handicap chase at the Cheltenham October meeting a week before lining up for this.  He has followed exactly the same path this year and with the Twiston-Davies horses running well he can give each-way backers a decent run for their money. 

If the rain arrives and there is a change in the going to soft then Wishfull Thinking would have to enter calculations.  His last 3 wins have come on heavy, soft and soft going.  He is rated 162 but he won twice off this mark last season.

Saturday Aintree 3.00pm

Conquisto @7/1 (if the ground remains good)

Each-way alternatives: Astracad @14/1 & Wishfull Thinking @14/1 (soft or worse) 

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