Tag Archives: strategies

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

Betfair Trader

Today I am mostly reading about trading.

There is an interesting article in this months SmartSigger (Get your 1st month free here http://dailypunt.com/smartsig ) about the different types of Betfair trader and what sort of trader you might be.

As well as detailing different trading strategies, it also suggested a super fast trading tool which is free to use 🙂

I haven't tried it yet, but it definitely sounds like it is worth a play.

Here are some of the key features…

– Unbeatable speed – super fast trading on Betfair

– Grid Interface – single click trading, compact Betfair-style trading grid

– Ladder Interface – full depth of market, single click trading, queue position and built-in robot

– Position In Queue (PIQ) – provides a real-time estimated PIQ, arguably the most important and unique feature of our ladder!

– Automated Trading Robot – included is a unique Betfair bot, watch it trade on the ladder for you!

– Multi-Market – trade several different markets simultaneously

– Managed Markets (Guardian) – works in the background to gather data from multiple ‘managed' markets and maintain offset bets

– Tick Offset – automatically sends an opposing bet, after you get matched

– Stop Loss – automatically limits your losses. Trailing Stop Loss can also protect profits

– Racing Autopilot – it can automatically select each horse race and move forward
Greening (Cash-out) – a single click to lock in your profit (or loss) regardless of the outcome

– Advanced Charts – possibly the most comprehensive integrated charting available in any Betfair application

I think the most interesting and important feature for the trader is the advanced charts!

You can get the software here http://www.cymatic.co.uk/

If you've used it before I'd love to have your feedback in the comments.

Today's Selection

8.45 Kempton Four Cheers – eachway bet – 14/1 Bet Victor

Avoiding Duff Tipsters (and finding the gems!)

The amount of times i’ve been asked for help after someone has paid a substantial sum for (enter Mr Hot Shot’s betting service) tips only to find their bankroll down 50% after a few weeks is astounding.

Here’s a couple of things to watch out for when looking for a genuine betting service:

1. Little or no proven track record – genuine tipster’s will have the results to back up their claims. If you can’t find the results, ask for them. If you don’t get them, don’t waste any more of your time – without the results it’s likely the profit claims are false.

2. No trial period or money back guarantee. Genuine tipster’s will be happy to provide a cheaper trial so they can prove their worth. Likewise, they will not be afraid to offer your money back over a certain period because if their strategy produces profit, the vast majority won’t ask for a refund. So at least one of these things is a must.

Another thing to avoid is going all in with a single strategy. Betting always comes with a certain level of risk, so anything we can do to spread this risk is going to be beneficial in the long run. Test the water with a few different strategies, systems or tipster services and find out what works for you. Then you can begin to build a betting portfolio which will ensure those much sought after long term profits.

Sound Complicated? Well, why not simplify things and try this.

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Over two years of proven results, great reviews from trusted independent sources, and a 30 day money back guarantee are a few of the things that puts this service a cut above, and it’s one of the very few I can thoroughly recommend.

But that’s not the best part. With this you get no less than 3 separate betting strategies included, meaning you have an instant betting portfolio, no effort required!

And that’s STILL not the best part – i’ve managed to secure you an exclusive 30 day trial to this service for a mere £1!

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Today's Selection courtesy of http://bookiesenemyno1.com

5.10 Newcastle:Slunovrat 5/1 generally

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