Tag Archives: stakes

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)

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.

250 points profit, Three Week Free Trial

Today I want to tell you about a very special service that I've been using to find a lot of winners recently and today you can try it for free for 21 days.

The numbers in the headline are from an actual live service called Stat of the Day. As the name suggests, this is a one-a-day service with a strong statistical background. Since it started in November 2011, the service has registered 292 wins from 1031 bets (better than 28% winners), and has returned a profit for its readers of £2,505 to £10 level stakes.

Those aren’t fictional figures either. Rather, every single bet has been recorded and tracked on site… and followed and backed by over 650 loyal members.

Anyway, like I said, I’m telling you about it today because you can put this brilliant info to work for you for the next three weeks, gratis.Continue Reading

20/1 Cheltenham Bet

Today I have a Cheltenham bet from a tipster who made 65 points profit at last years festival and who set up the year for many of his members.

The bet is one leg of a yankee and if you want the other three legs there are details of a very special and cheap offer at the end of this post.

The four bets together will pay £29,248 for a 50 pence each way yankee if he pulls this off!

The Value Backing service is in great form at the moment and is already 33 points up for 2015 with a 118% ROI.

There have been winners this year already at  20/1, 18/1, 12/1 and shorter.

Here's the selection from Value Backing…

UPDATE – See The World will not run in the Champion Bumper 🙁

Champion Bumper Wednesday 11th March – See The World 1pt win @ 20’1 Betfred 

When it come to ante post betting at Cheltenham one of my favourite angles is to look for something out of the ordinary in a previous performance. Way back in 2005 I remember watching the great Kauto Star on just his second start for Paul Nicholls. He went through the race cruising in second gear only to fall at the second last. Back then a jockey could remount and Walsh having seen the winner go past him got back onboard and only just failed to win in a photo. Now the opposition may not have been world beaters, but that dramatic race indicated to me that Kauto could be something special and so it proved !
Now back in January this year at a cold damp day at Wincanton See The World put up something akin to that Kauto performance. He basically stopped to a walk 2 furlongs from home having taken up the lead and then hung left. What happened next is something I have never seen in a race. He started running again having given the ones that went by him 15 lengths start, caught them up and then breezed on by the runner up in the final 100 yard to win by 4 plus lengths and I was gobsmacked ! It is all well and good giving a few lengths  or so away at the start of a race, but 2 furlongs out, that should not have been possible.
Now again he may not have beaten much, but that performance was something out of the ordinary and as such I had to back See The World. He may well be a world beater only time will tell. But whatever happens at Cheltenham that performance at Wincanton is something I doubt I or anyone else will see again any time soon.
Carl Nicholson and Value Backing members cleaned up at last years festival with a whopping £653 profit to £10 stakes, with many members staking and winning much more.

This year you can join him on a special package for Cheltenham 2015.

Here's what you get…

  • A selection in every race at the 2015 festival
  • Access to all the Value Backing main service and Value Backing Extra selections from now until the festival
  • Access to all the Value Backing Daily selections every day from now until the festival
  • The sooner you join the more bets you get 🙂
  • The Value Backing ante-post Cheltenham Yankee, pays £29,248 for a 50 pence each way stake – the sooner you join the bigger the prices you can get!
  • Optional – discounted ongoing membership to Value Backing

The price is just £20 – Click Here to secure your place now.

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