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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)

Greyhounds – Is it fast enough

Once we have found a dog that looks like it will have a favourable position, ideally in front, at the first bend and will not get any trouble on the way to the bend then all you need to know now is whether it is fast enough to hold onto its lead.

It is very common to find a dog that will get a clear run around and will lead most of the way in a race only to lose in the closing stages.

These sprint type dogs just don’t have the stamina to hold on to the winning line and are a trap for anybody using the kind of strategy that we have discussed here.

The key clue to whether we are dealing with this kind of dog is its past race positions. If it has led previously all the way but still not won then you need to find a reason why it might hang on today. EG If in a previous race the positions are shown as 2111 but the dog didn’t win the race then this is a danger signal.

Maybe it is an easier race today maybe a lower grade. Maybe it is fitter today, if the last run came after rest or it is a puppy who is improving. If you can’t find a reason then maybe you should give this one a miss.

Because graded races are in theory constructed such that any dog could win, other than the types mentioned above, I tend to not pay too much attention to the previous times recorded by each dog. As long as my selection is not way slower than the opposition then I am likely to go with it.

The exceptions to this are where I can see a reason why one of the opposition might improve. These include…

Puppies. Young dogs that are just starting out on their careers which can improve in leaps and bounds.

Rested dogs. Dogs that have been off for a rest and are not yet running to their pre rest form. EG If they were running A4 grade before their rest but are now reappearing in an A6 then it is likely that at sometime soon they will return to the previous grade IE they are better than their opposition.

Bitches that have been in season. Bitches don’t run when they are in season. When they return they tend to find significant improvement at around 16 weeks after their season commenced. This tendency is significant enough to be a profitable strategy in itself.

One final point to keep in mind is that you don’t have to bet just one selection in a race. If you have narrowed a race down to two or three contenders then consider splitting your stakes between them.

Splitting stakes across multiple selections is a strategy I use a lot in greyhound racing. You can either bet the same stake on each dog or adjust your stake so you make the same profit whichever of your selections wins.

You can use our dutching tool that will help you determine the correct stakes for dutching selections.

And that is the method that I use to find winning greyhound selections. As with any betting method you are looking for a dog with a strong chance of winning and one that has a better chance than the available odds suggest. There is no clear cut selection ever, because if a dog is an obvious winner then the odds will reflect that.

But that said I have frequently found selections that I am sure will win, barring accidents, at 4/1 and 5/1.

Racing Tips – Nick Hardman

Today we have my favourite column of the week, the Nick Hardman – Betting Insiders column.

Before I hand you over to Nick just to mention that there is a qualifier from the Tongue Tie system, which we are paper trading currently and that's 16:15 Sandown Paddy The Stout.

If you enjoy Nick's columns as much as I do then do check out the Betting School Insiders Club where you can enjoy more of his wisdom.

Here's Nick…

We have jumps racing at Fakenham and Sandown today and Nicky Henderson’s runners might be worth a second look in the betting markets given his record at both tracks.

Since January 2011 he has sent 30 runners to Fakenham and 13 have won. However, backing each of those runners to level stakes would have resulted in a very small loss at SP.

Dig a little deeper and we find that his Fakenham runners are 1-6 in chases, 8-19 in hurdles races and 4-5 in bumper races.

Taking a closer look at the hurdlers we find they are 5-10 in novice races, 2-5 in maiden races and 1-4 in handicaps.

He has the following entries at the time of writing:

1.45 Medieval Chapel (Beginners’ Chase)
3.25pm Clean Sheet (Novices’ Hurdle)
4.35pm Clemency (Mares’ NH Flat Race)

At Sandown, Nicky Henderson has had 35 winners from 145 runners in the last 5 years at a strike rate of 24% and shows a level stakes profit of £36.07.

His hurdlers are 26-95 (27% strike rate) and show a profit of £47.72.

He has won with 8 of his last 18 hurdlers at the course for a profit of £27.69.

The Barry Geraghty/ Nicky Henderson partnership has teamed up for 17 hurdle winners at Sandown from 42 runners at an impressive strike rate of 41% and a level stakes profit of £41.12.

Nicky Henderson has the following entries at Sandown today:

2.30pm Broxbourne (Geraghty) & Hel Tara (Mares’ Novice Hurdle)

One of the feature races of the weekend is the Grand National Trial at Haydock.

Last Friday our trends analysis identified Violet Dancer as a likely candidate for the Betfair Hurdle and I am hoping for more of the same this weekend.

The key trends are a win over 3m or further, aged 9yo – 11yo, not raced in the last 31 days, raced over 3m 5f or further, a top two finish LTO and trained by Paul Nicholls, Lucinda Russell or Venetia Williams.

In addition, only 3 winners since 1997 have carried more than 11st to victory on soft or heavy going.

There is one horse who ticks all the trends boxes apart from the trainer box and that is Harry The Viking.

He has not won since his novice days from where he went on to finish runner-up to Teaforthree in the National Hunt Chase at the 2012 Cheltenham Festival.

That run earned him a rating of 143 and he competed in the Scottish National, The Hennessy and the Grand National after that.

However, he failed to build on that early promise and his mark plummeted to 122.

Off that mark he ran his best race in a long time when runner-up to Lie Forrit last time out when 2lbs out of the handicap. He has been raised just 2lbs for that effort.

Haydock Grand National Trial – Harry The Viking @20/1 (e/w)

At that price he would be the biggest winner since Rambling Minster @18/1 in 2009 but Rigadin De Beauchene won this @16/1 last year and 8 of the last 12 winners returned SPs of 10/1 or higher.

Recovery staking a TABOO subject?

Today we have our regular Wednesday wisdom from Malcolm Pett, we also have selections for both the Headgear and Tongue Tie systems. Here's Malcolm…

Recovery staking for me has always been a taboo subject.

I have tried it in the past and lost a lot of money doing so.

When you mention recovery staking most people think about putting all your losses on the next bet and that’s the one to be AVOIDED at all costs.

Obviously a conversation about any form of staking needs a disclaimer…

Don’t do it unless you are fully aware of the cost!!!

Also there isn’t a staking system ever thought up that will allow you to make money from a system that doesn’t consistently make profit.

But I use one I actually call “Help recovery”.

It doesn’t usually recover all your losses but it seems to help.

I call it “1234..etc” staking and it works simply by…

“Increasing your stake by your ORGINAL stake every time you lose”

There are a few of things to clarify here…

It’s not doubling your stake (although bet 2 makes it look that way).

It won’t work with systems that don’t have a high strike rate.

The further you go into the sequence the less likely you are to recover your losses.

You need a stop loss setting.

Here is how it works.

1 is your original stake.

If you lose you go to 2 which is your original stake multiplied by 2.

If you lose again you go to 3 which is your original stake multiplied by 3.

And so on.

If you lose on 7 then you would have lost 28 points of your bank.

And you will need a 4/1 winner just to break even.

Which will be unlikely when used with a high strike system that this idea works best with.

So why use a staking system that won’t recover your losses?

With high strike systems you tend to get a mixture of very low prices and odds on prices.

You don’t tend to have long losing runs and so when this system does kick in it can often be for only 1 or 2 selections and the odd higher priced winner just seems to help boost up the profits.

I find with some systems this can be an extra 10 or more points a month.

A couple of tests we have been doing over at the Grey Horse Bot website have results sheets showing how this works.

Click here for an example.


Again please be warned that staking isn’t for everyone and you need to be aware of the risks.

I tend to use 7 as my maximum with this system and realise that if I hit that…

…then it is a month’s (or more) profit down the drain.

Also when using staking select a stake lower than you normal would.

1% or less of your bank.

Thanks
Malcolm

http://greyhorsebot.com

System Selections

With both of these systems I'm still paper trading, but I wanted to post the selections so you can follow along with the live test.

Tongue Tie System

14:55 Chepstow – Nervous Nineties – 150/1 Coral

First Time Headgear

14:35:00 Down Royal – Reality Dose – 16/1 Bet Victor

Today's Selection

14:20:00 Chepstow Champagne Express – win bet – 3/1 Bet 365

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