Tag Archives: Weather

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)

Lay the Frogs

Don't you just love it when you spend hours researching a system looking into an angle that you think will highlight some winners all for nothing.

Or worse still when you research a system and you think you've found a micro system with a little pocket of profit and you set it up in Horse Race Base to notify you of future runners and a year later it's had just seven qualifying bets and all seven have lost.

That's the results from a system I created last January and I've been waiting for some live results to prove it works before I write about it.

It looks like that day will never come 🙁

Whats worse still is that Derek Miller has just released a laying system that uses a similar angle to make big profits from laying.

It's not the same angle I was looking at, I was looking at French bred horses on one particular all weather course.

Derek's system is selecting French breds in National Hunt races, but it does serve to remind me that there are profits in following horses that are bred for different environments and that I knew that but I didn't find the profit.

And Derek has.

The good news, for you, is that the system is free.

You can get it here http://dailypunt.com/freelayingsystem

Today's selection

17:10 Wolverhampton Apparatchika – win bet – Evens Boylesports

Favourite Average Price Rise

Today we have our regular weekly column from Malcolm Pett of GreyHorseBot.com
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In the last couple or articles we have been looking at the results from an interactive test we have been doing over at the Grey Horse Bot website.

Part of this test is also to discover if it is better to be on all the selections or to stop at the first winner of the day.

I picked 220 or above as my rating figure (see later why this may still be to low).

It hasn’t been the best of weeks for this number and it was only because of a 6.3 winner a couple of days ago that we are still showing any profit for this month.

This is a bit of a shame as it was a lot more positive last week…

…But that’s racing for you.

I am a statistical type of person so I don’t like to blame the weather.

And I do know this…

Favourites average prices tend to drop slightly in the winter.

I am not sure why but it could be that there are less races so they are more heavily backed than they normally would be.

But a quick check on the averages over the last couple of years shows that from the height in the summer of 3.5 (sometimes higher) in the winter this can drop to around 3.1.

And although the strike rate of this particular system has dropped off slightly…

…The amount of favourites winning is slightly better than the norm this month.

Which again, strangely, seems to happen around the winter months.

But back to the system test…

I am still not convinced that SAW is the best way to go but it is going to take more testing to actually make that decision.

If you crank the ratings figure up to 240 then things look a little better for all selections and it may be my choice of 220 was still a little low.

This will probably be my last report about this test for a few weeks.

Unless something amazing happens!

You can see the results from this test and get the daily selections here.

Thanks
Malcolm
The Grey Horse Bot

GreyHorseBot.com

Today's Selection

2:00 Lingfield Ershaad – win bet 5/6 Bet Victor

Odds On National Hunt Jockeys

Our odds on All Weather jockeys that we posted last week are nicely in profit, with the trainers showing a small loss, of less than one point.

Early days yet for those and time will tell if they do as well as the flat odds on jockeys and trainers.

Today carrying on the theme I have an Odds On National Hunt Jockeys system for you.

The rules for these are to follow them only during the main National Hunt season from October to March and to back them when their ride starts at 6/4 or shorter.

The results for 2014, which will be the end of one season and the beginning of the current season were as follows…

Runs = 330
Wins = 199
Strike Rate = 60%
Profit at industry SP =42.29
Return on Investment = 12.82%

The jockeys to follow are…

Jockey Data
Jockey
Byrne, Michael Cooper, Bryan J
Hutchinson, Wayne Johnson, Richard
Maguire, Jason Moloney, Paul
Mullins, Mr P W ORegan, Denis
Renwick, Wilson Reveley, James
Scholfield, Nick Skelton, Harry
Walsh, M P Whelan, Trevor

 

Today's Selection

4:20 Exeter Nitrogen – win bet – 11/10 Bet Victor, Bet365

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