Tag Archives: term

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.

Tongue Tie Research

You'll remember that last week I mentioned the Geegeez article that talked about the use of tongue ties and how a horse needs a few runs with a tongue tie before they will let them self go.

The theory being that the horse still thinks that it's tongue will get in the way and is worried it won't be able to breathe and so doesnt give all.

But after a few runs with a tongue tie it starts to realise that it doenst have tongue problems anymore.

So I've been doing some research.

First off some facts. All horses wearing a tongue tie for the first time in 2013 & 2014 produces the following big losses.

Runs = 3959
Wins = 319
Strike Rate = 8.06%
Loss at iSP = -1335.24
ROI = – 33.73%

So it seems that wearing a tongue tie for the first time is a negative factor and the losing ROI is such that maybe it has the makings of a lay system.

Then it occurred to me that the reason that the horse doesnt perform well first time out with the tie is because it is still worried about a previous experience with breathing and doesn't realise it will be ok with the tie.

But surely there are some trainers that use the tie at home and get the horse used to it and trusting it before they ever go racing with the tie on and that maybe there are trainers that win first time-out with a tongue tie.

So I had a search for trainers who are profitable with first time tongue tie wearers.

And I found some.

For example Rebecca Curtis had 22 starts over the two year period that ran with a tongue tie for the first time.

Seven of those won for a 32% strike rate and they made an industry SP profit of 5.86 which is a 27% ROI.

Charlie Longsdon had 32 starts and 8 wins and an industry SP profit of 20.3. Which is a strike rate of 25% and an ROI of 63%.

I've selected the best performers from 2013/14 and checked their 2015 performance and a good profit has been made so I'm going to run this as a system live for a while and see if we have something worth following long term.

Today's Selection

2.30 Wolverhampton Kalimantan – win bet – 11/8 Bet 365, Paddy Power

Tony McCoy OBE

Following on from Monday's article today I'm going to look at some stats from Champion Jockey Tony McCoy.

By the way yesterdays eachway bet that placed second was from the system we created on Monday.

Ok, so backing all of Tony's mounts would as you'd expect returns a loss, but not as a big a loss as I expected at 15% of stakes lost.

If we break that down by race type we see that Hurdles perform best with an excellent 27% strike rate from all hurdle start and a loss of just 11%.

Tony McCoy by Race Type Table

At this stage of my research I was pondering where to go next and looking down the list of factors and say ‘Going'.

My first thought was that, that is a factor that depends more on the particular horse than the jockey, but then I pictured AP pumping away, driving a tired horse home and thought I bet he does better in Heavy going than other jocks. And he does.

Over the last two years backing all of McCoys Hurdle rides on Heavy going has produced a 25% ROI and a 31% strike rate.

However over the long term this strategy has been pretty much break even, so maybe something to keep in mind rather than to bet blindly.

For today I'm going to wrap up with a look at how he performs for different trainers.

My thoughts are that as I've said for previous jockeys that I would expect them to be a losing proposition for their own stable rides, just because they have to ride everything and that seems to be the case with Jonjo O Neill rides showing a loss.

The table below shows every Hurdle ride since January 1st 2013 and I've sorted it by ROI to help spot the trainers who make a profit when they book the real McCoy.

McCoy Hurdles by Trainer

McCoy Hurdles by Trainer

McCoy Hurdles by Trainer

McCoy Hurdles by Trainer

McCoy Hurdles by Trainer

McCoy Hurdles by Trainer

 

Today's Selection

2:00 Ludlow Sin Bin – win bet – 4/1 Bet Victor

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