Tag Archives: things

Hutching Calculator – Hutching Profits

Following from yesterdays introduction to Dutching, today I want to tell you about Hutching and the Oddschecker Hutching calculator.

The Hutching calculator can be used like the Dutching calculator but instead of taking an equal profit whichever of your selections win. You can instead bias your bet towards a particular outcome.

So you could take all your profit from what you consider to be the most likely outcome and break even on other selected outcomes.

So you are hedging your bet, you have a bet, you expect it to win, but you want to cover some other outcomes so you hedge, hence the hutching calculator.

As an example Chelsea are 1.19 to beat West Ham tonight, so they are expected to win. If we think that West Ham are unlikely to score and Chelsea will win we could frame a bet using the hutching calculator.

If we decide to bet the correct scores of 1-0, 2-0, 3-0 & 4-0 which are priced up at 9.6, 7.2, 8.2, 11.5 respectively.

By adjusting our stakes we can pretty much break even on 1-0, 3-0 & 4-0 and take a profit of £38.60 on 2-0, for a total stake of £10.

If we've judged things correctly then that return compares favourably with the £1.90 profit from a straight win bet.

The image below shows the calculator and the stakes required.

The trouble with this hutching calculator is that you have to manually play around with the stakes to get your desired result.

And if all your bets were in the same market, then it's probably just as easy to do this directly into Betfair. But in this case our bets are spread across 2 markets.

Nevertheless this is a a useful way to frame bets to get better value and to bias bets towards what you consider to be the most likely outcomes.

Don't follow the crowd and just bet what is offered to you, hutch your way to profit.

Hutching Calculator Chelsea West Ham

Greyhound Racing Videos

Before I get into the specifics of finding winning dogs by reading the form I want to just give a bit more background info and talk about a method I used to use when I was full time betting the greyhounds…

Finding the winning greyhound in a graded race is about a lot more than the times it has achieved in the past.

Graded racing is the greyhound equivalent of a handicap race except that greyhounds are not allocated any sort of handicap to slow them down.

Instead they selected to be as closely matched as possible.

The Racing Managers job is to put together races that are as closely matched as possible and to, if you like, create a puzzle for the punters.

On course bookmaking at greyhound tracks is notoriously hard, mainly because when money talks in a small market there are not the opportunities to balance out a book. This is the reason that on course overrounds are huge at greyhound tracks and the reason that the Racing Manager does his best to make the races as decipherable as possible.

Don’t let any of this put you off, though, because winners can be found if you are selective and if the meeting is covered by Betfair then fair prices can be obtained also.

As with any activity knowledge equals power or in this case the more you know the more profitable you can be. The ultimate level of knowledge is to have watched every race ever run by every dog in the race to hand and to know how each has been performing at home. (Many trainers these days have some sort of track at their own kennels).

It is unlikely that you can get inside info on every dog in a race but you can often get to see every race a dog has run. For some years now tracks have supplied videos of all races run to those prepared to pay for the privilege. And the backer who focuses on one particular track can, given time, watch every run of a particular animal. However this is an expensive, although ultimately profitable, approach.

I will briefly touch on the things to watch out for when race watching here and next time we'll get on to a more form based approach.

Racing Videos

When watching greyhound racing in the main what you are looking for is

• Dogs that have had a hard race (bumped and blocked) but still performed well indicating they are faster than the time recorded. They are likely faster than the bare form suggests. If you are in the bookies watching the BAGS racing and you see a dog that had a hard race make a note of it and check the results to see what tine it did and estimate what time you think it should have done,. It may be a good bet next time out.

• How a dog breaks from the traps EG do they run straight to the rail, which would cause trouble for the dog inside them but hand an advantage to the dog on their outside. This info can be useful in assessing the chances of the dog in question and other dogs.

• Are they on the bunny! IE doing everything in their power to get in front and win or did they give up easy & just follow the pack home. Chasers, who are not really up for it will win less than their share of races because they don't like to be in front.

Create your own speed ratings

Over the last few years I have created a number of different ratings for our own use and clients but these have all be form related.

So I guess it was only a matter of time before the question of speed ratings came up.

Some people argue that speed is the only real way to judge a horses chance of winning a race…

But as with all things racing, it is never quite that simple.

Speed of course is related to distance.

It is the time it took the horse to run the race divided by the distance that gives us the speed at which the horse travelled.

Continue Reading

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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