Tag Archives: tenner

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)

Football and Racing Tips

I had a bet last night for today's Cheltenham meeting that demonstrates how far you can beat the market by following tipsters who do their own race assessments rather than waiting for markets to form and letting those markets influence their decisions.

At 5pm yesterday the Racing consultants sent their members a note telling them to get on a horse that was available at 8/1 and that on their assessment should be much shorter.

I had my little tenner on with Bet 365 and now the horse is 5/1 with Bet 365 and best priced 11/2.

This horse might lose, but to me it will be remembered as a good bet whether it wins or loses because it is my strong opinion that you should judge your bets by how much you beat starting price not by whether they win or lose.

This might sound crazy to some readers. But others will know that if you keep beating starting price by big margins that the profits will take care of themselves.

I'm going to give you the bet and the full assessment in a minute, but first I'd like to recommend that whether it wins or loses that if you are serious about winning that you join the Racing Consultants service.

These guys send out bets like this one on a regular basis and they beat the market.

http://racingconsultants.co.uk

By the way they sent another one at 5.20, but I'm not allowed to give that one, but if you join them you can get immediate access.

Here's the race assessment and bet…

2.25 FREEBETS.COM TROPHY CHASE (2M5F)

“Little Jon impressed me enough as a hurdler last year despite his build and background suggesting he’d be much better over fences, and he proved the point at the first time of asking at Newton Abbot in October, giving weight and a beating to the Paul Nicholls-trained Solar Impulse.

That preceded a trio of runs in higher company here, and the bottom line is that the long-striding son of Pasternak hasn’t beaten another rival.

That said, he actually ran a cracker when a close third over 2m in November, and has crashed out when leading on his next two starts.

Despite those aberrations, he appeals as a pretty sound jumper, if inclined to take the occasional fence (or indeed wing) on.

The upside of his failures is that he’s not revealed the full extent of his ability, and therefore the handicapper hasn’t been as severe as he might have been, accepting that an opening mark of 140 is no gimme.

Main opposition comes primarily in the shape of Easter Day for Paul Nicholls, and he can’t be ruled out of calculations, for all his odds will be skinny enough.

More interesting at the forecast prices is Annacotty, who was second in the novice handicap on this card last year. He was another who couldn’t cope with the demands of the Hennessy first time out, but he’s reportedly been perked up by a spell hunting, and also has cheekpieces fitted, so should have no excuses.

He was a Grade 1 winner last year, and that fact shouldn’t be overlooked.

2.25 Chel – 2pts win Little Jon @ 8/1 (Bet365)”

As mentioned above current best price is 11/2 with Skybet, Bet Victor, Paddy Power

Football Perm

We had a win last week with The Alternative Punters Syndicate (Free Trial Here)
and this week I've gone with their home wins perm…

Top Rated ‘Best 6 Homes'
(Perm any 5 from 6 plus all 6 = 7 bets)
TOTTENHAM
NORWICH
WATFORD
WOLVES
MK DONS
BARNET
The best overall odds* for the ‘Best 6 Homes' are available with…

Coral

Goodwood and Galway – Tips

It's an exciting and busy week in the world of racing with the Goodwood Festival this side of the sea and the Galway Festival over in Ireland.

Below I have an angle and selection for you at Goodwood. But first I want to tell you how you can get selections for every race at Galway and Goodwood for just a tenner.

Carl Nicholson's Value Backing Daily service bets through the card at meetings every day and this week they will have selections in every race at Galway and Goodwood.

Each meeting costs 1 Value Backing credit to access and credits can be bought for as little as 59 pence each if bought in bulk. But even at full cost of just £1 each that is only £9 for every race at Goodwood and Galway this week.

Buy your credits or log in here http://valuebacking.com/daily

Now I have an angle and stats from Nick Hardman of Betting School Insiders. Nick will be analysing every race at Goodwood this week and these races will be discussed in the Betting School members area – http://bettinginsiders.com.

 

I’ve been looking at the performance of outright favourites at Goodwood and uncovered a useful pointer for the coming festival. Backing favourites blindly is the road to ruin but the performance of 2yo favourites in 5f and 6f non-handicap races at Goodwood shows a terrific strike rate.

Goodwood: 2010 – 2014
Race distance: 5f and 6f (non-handicaps)
Age: 2yo
Outright favourites

Goodwood Outright Favourites

Most of those favourites have been provided by the Hannon yard:

Hannon Favourites

Those Hannon favourites ridden by Richard Hughes show a fantastic strike rate:

Hannon - Hughes Favourites

Hannon and Hughes team up on Beacon in the Molecombe Stakes on Tuesday at 2.30pm. I expect this one to go off as favourite.

Today's Selection

Goodwood 2.30 Beacon – win bet – 10/11 Will Hill

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close