Tag Archives: layers

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 and David of the http://racingconsultants.co.uk

These guys are regularly beating Betfair starting price and consequently they make steady and consistent profits.

They also give a full analysis of every bet they give so you know exactly why they have made each bet.

http://racingconsultants.co.uk

Today's Selection

7.40 Windsor L´Orfeo – win bet – 2/1 Ladbrokes

In Running Delusion!

Today we have a guest article from Malcolm Pett of http://greyhorsebot.com

1.09 in running just won’t work…

Hi

Every so often we get an influx of support questions about betting in-play and the issues people are getting when they are trying to get matched at 1.09 or whatever the latest fad is regarding this idea.

This idea has been going around in different forms since Betfair began and is based around getting matched as often as you can on the horse that looks like it will win the race.

The normal explanation is that you get on the first runner that drops below a certain price.

It’s started in the early days of getting matched at 1.01 or 1.02 gradually it has moved out to 1.09 or somewhere close.

On paper the ideas may sound feasible but in practice it really doesn’t work that well and here is why…

The problem lies with Betfair’s matching policy.

If you put a “back” bet into the market at 1.09 then only 3 things can happen.

1. You get matched at 1.09
2. You don’t get matched at all.
3. You get matched higher than 1.09.

You get matched at 1.09

If you are lucky and as soon as you put your bet into the market Betfair has enough money on the lay side to match your bet, you will get matched at 1.09.


You don’t get matched at all.

Betfair will not match a back bet under the price you asked for, so if the price has moved past 1.09 IE it has continued shortening you will not get matched.

You get matched higher than 1.09

Betfair’s policy allows them to match a back bet at a higher price than you asked for. This is how the exchange works if they couldn’t do this then Betfair wouldn’t exist.

So if the price drifts because the horse no longer looks like a winner then you will get matched at the higher price.

So with the above in mind let me show you how this idea is flawed.

You are sitting there watching the screen or running a bot that is set to put a bet into the market either on the first runner to hit 1.09 or a pre determined named runner.

The runner hits 1.09 and you place your bet into the market.

So our first assumption is that this runner is likely to win the race because it has hit 1.09.

If it is winning the race (and a lot of people will be watching live at the course checking this) then two things will be happening….

1. All the people out there using a similar strategy will be putting as much money into the market as they can.

2. Many traders will be trying to offset an earlier lay bet.

If this horse is looking like it will win the race that price of 1.09 won’t be there for long…Probably less than a second.

So if you’re doing this manually your probably be too late and even bots may not be quick enough.

The biggest issue will be that Betfair won’t have enough money to match at 1.09 and because they can not match your back bet under 1.09, then you will end up with an “unmatched” bet.

But then we have the other side…

Again we see the price go under 1.09 and we are at the same scenario as before except this time something happens on the course and suddenly our selection is no longer winning.

So the opposite starts to happen and the layers get into the market and probably a lot of traders.

Before we know it the price goes from 1.09 to 1.2 or higher and you are just in line to get matched as soon as Betfair can.

In theory this could be as high as 999 but it doesn’t matter it is over 1.09 so you have been matched on a runner you weren’t expecting. (A runner that no longer looks like winning)

The real point is that you are going to find it easier to get matched on a runner that has hit 1.09 and then goes on to lose, than you will on one that goes on to win.

The complaint we always get from people who do not understand the way Betfair works is that you were matched higher than 1.09.

Yep and that will happen a lot because that’s the way Betfair works!

Just a little more information…

First of all if a runner goes to 1.09 then that would have been your selection. It doesn’t matter what price you get matched at after that, unless your runner goes onto win then you lose your stake.

The point is (according to the rules of the system you are following) the runner did hit 1.09 at some stage so it was a selection.

Secondly if you stick to 1.09 then you probably won’t get matched often enough to make the idea viable.

Thirdly I am sorry to say but I know of people who have created very specialized software to follow this idea.

I believe many of these people also have people at the tracks feeding them information or they have a connection that lets them see the race live.

There are only two ways you may get this idea to work.

When your selections hits 1.09 you put the bet into the market at 1.01 and see how often you get matched and at what price and see if it works.


You put a bet into the market wait a second and then cancel. You either got matched or didn’t but at least you may not have wasted a bet on a runner that ended up losing.

As I said at the beginning on paper the idea seems as if it will work but in practice it is a different matter.

Still some sites still insist on selling this strategy as “easy money”.

I don’t agree.

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

Malcolm
“The Nerd”

http://greyhorsebot.com

Today's Selection

2.35 Goodwood 7 Moonraker – eachway bet – 12/1 Bet 365

Epsom Oaks Selections

We have a real treat today (and tomorrow actually) with an analysis of Friday's Investec Oaks along with some recommended bets from Nick Hardman of Betting Insiders.

Investec Oaks Preview

The Oaks looks like a great betting race on Friday.

Taghrooda and Marvellous head the betting with Tarfasha and Ihtimal not too far behind.

Everything else is available at double figures which makes this an ideal race for each-way players. It is certainly not a race for favourite backers in recent times with the last four winners returning at odds of 20/1 (Talent 2013), 20/1 (Was 2012), 20/1 (Dancing Rain 2011) and 9/1 (Snow Fairy 2010).

Sariska in 2009 was the last favourite to win. In 2008 it was another big outsider who prevailed in Look Here @33/1. In fact only 3 favourites have prevailed in the last 10 years.

The Oaks has some strong trends and that is where we will start.

All of the last 10 winners had raced over further than a mile. That is a really interesting statistic as it would rule out leading fancy Marvellous.

Casual Look in 2003 was the last filly to win stepping up from a mile.

Six of the last 10 winners won last time out which would rule out Ihtimal from those prominent in the market.

Interestingly it would also rule out all of the O’Brien runners with the exception of Marvellous.

I wouldn’t actually let that put you off backing Ihtimal as a stronger statistic is that 15 of the last 17 winners had a top three finish last time out and she qualifies on that score.

In fact Ihtimal is a fascinating runner. She has form on good-to-soft, good-to-firm and on tapeta where she won the UAE 100 Guineas and the UAE Oaks over 10 furlongs.

Both were Group 3 races but she followed that up with an excellent third in the 1000 Guineas at the Rowley Mile. Of those at the front of the market I think she represents the best value at 8/1.

The lightly raced Madame Chiang is another fascinating runner, especially if the rain gets into the ground between now and race day.

She has only seen a racecourse twice; winning her maiden over a mile on soft ground at Yarmouth before winning the Musidora over 10f at York on her seasonal reappearance (also on soft ground).

With plenty of improvement possible and bred to stay the extra 2 furlongs, she also represents value at the current odds of 14/1.

John Gosden’s string are in cracking form at the moment, especially his fillies. Sultanina (10/1) and Freedom’s Light (9/1) were first and second in a photo finish in the Group 3 Pinnacle Stakes at Haydock last Saturday, thrashing the likes of Group winner Cubanita and Sir Maichael Stoute’s Astonishing.

Taghrooda is Gosden’s only representative and if she is the pick of his middle distance fillies at home then she could be hard to beat. I prefer her over Aiden O’Brien’s Marvellous for the simple reason she has form in the book over 10f and has fewer questions to answer regarding the trip of 1m 4f. However, at 7/2 I am prepared to look elsewhere.

In addition to the big priced outsiders who have won this race in recent times, we have also had placed horses at 16/1, 16/1, 25/1, 25/1 and 25/1 in the last 5 years.

Of those that are currently in that price bracket, Luca Cumani’s Volume has possibilities of making the frame. She has yet to finish out of the 3 in 8 races to date, although two of those were handicaps. She also won the trial at Newbury which is the same race where Izzy Top beat Dancing Rain in 2012.

Those two went on to contest the Oaks and finished 3rd and 1st at 25/1 and 20/1 respectively. She has to improve on what she has done so far but if the ground has some juice in it then she looks all about stamina and could be staying on at the end.

Epsom Oaks Selections:

Best value: Intimal @8/1
Each-way alternative: Madame Chiang @14/1
Lively outsider: Volume @20/1 (each-way)

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