Punting Big

Magdeline

Have been punting for years and in generally v big amounts - Discipline has always been my problem any books or tips I should be reading??? Can o up 10k one race then blow it all punting on every race that day

thewools

Magdeline wrote:

Have been punting for years and in generally v big amounts - Discipline has always been my problem any books or tips I should be reading??? Can o up 10k one race then blow it all punting on every race that day

You should set yourself limits each day eg: if you have a large bank roll - say €10,000 - your loss limit for that day could be €500, if you lose the 500 then quit and on to next day, using a limit makes you pick your best bets for the day and generally stps you betting on each race / gamble...

Another way of reducing your risk is by betting to only a percentage of your bankroll each time...so once again say your Max is 5% (for sure things ) you will only bet €500, if this loses your bank roll is €9500 and your next "banker" at 5% of bank will be €475.. so if a bet win your bankroll > so therfore your max 5% bet will be greater than €500 and so on...this system works well but as you said it requires alot of disapline especially when your are trying to recover a loss..

Dont attempt to recover your loss on the next race or go ALL IN as a saver...i have lost alot attempting to do this exact thing in sport betting as well as poker but now try to follow these systems

Also document all your bets and record your profit / loss on certain type of races - Novice Chases / Hurdles / 5F / 7F / 2YO...etc etc. With these results you will be able to calculate where your main strenghts lie and can then focus on these in the future

Magdeline

Thanks for the advice but i can't see much enjoyment betting 500 at a time - have just gone online (braodband etc) recently and have been doing better - think the whole cash game is over with - am retired and have a small experience with computers - have heard about betfair as the way forward but don't think they can lay me what i want its also very difficult to undertsand -

SnoopyDogDog

to give yourself a great chance of making gambling profitable you have to be disciplined. try not to bet on novice races, maidens etc. always try to make sure the price is right. the golden rule though is: "only bet with what you are prepared to lose" - if you don't have the money to gamble with, then don't gamble it. also, never ever chase your losses. as with the post above, set yourself a limit. if that goes then call it a day because tomorrow is another day.

be very selective in betting - its not everyday you see a bookies go out of business now do you?

Morgans

If you have any success with bookies online, your available stake will be reduced to peanuts. Many just dont like winning accounts, and betfair (and other exchanges) will be your main source. There is a small but pretty steep learning curve with betfair but its worth it. You will be able to get plenty of big bets on - the closer to the off the easier to be matched.

Morgans

SnoopyDogDog wrote:

to give yourself a great chance of making gambling profitable you have to be disciplined. try not to bet on novice races, maidens etc. always try to make sure the price is right. the golden rule though is: "only bet with what you are prepared to lose" - if you don't have the money to gamble with, then don't gamble it. also, never ever chase your losses. as with the post above, set yourself a limit. if that goes then call it a day because tomorrow is another day.

be very selective in betting - its not everyday you see a bookies go out of business now do you?

I think novice races and maiden races are two of the better race types to bet in. Generally they are level weighted affairs and less competitive than handicaps. Its not a coincednce that the big handicaps are sponsored by bookmakers.

Magdeline

Lets say im looking to bet 20k on a race - I heard Betfair can't lay me this?? I hear you can't get credit from them as well? it sounds difficult- might stick with the phone but sure i may give it a whirl -

Robin1982

magdeline wrote:

...Lets say im looking to bet 20k on a race...

Then make it your business to get invited to here

Magdeline

seems a bit pretentious - how do i get invited

Colonel Sanders

Magdeline wrote:

Lets say im looking to bet 20k on a race - I heard Betfair can't lay me this?? I hear you can't get credit from them as well? it sounds difficult- might stick with the phone but sure i may give it a whirl -

Betfair is plenty liquid on raceday markets, maybe not so much with antepost. If you want 20k on you might not get it in one go but you'll get it by betting in 1 or 2k goes. I have often seen 6 figure sums to back and lay on premiership football matches, in fact there usually in 100k+ on each side 12-15hrs before a match kicks off.

TOm Kelly

Magdeline wrote:

Thanks for the advice but i can't see much enjoyment betting 500 at a time - have just gone online (braodband etc) recently and have been doing better - think the whole cash game is over with - am retired and have a small experience with computers - have heard about betfair as the way forward but don't think they can lay me what i want its also very difficult to undertsand -

... any vacancies in your old job?

thewools

TOm Kelly wrote:

... any vacancies in your old job?

Magdeline

haha

wb

Hi Magdeline, I pretty much know betfair inside out at this stage, so have a read of this thread and post any questions you have on it http://www.boards.ie/vbulletin/showthread.php?t=2054910815

To be blunt.. you need to slow down. You say it's not much fun betting in small amounts, but you need to learn to walk before you can run. There are plenty of sharks out there and it certainly wont be fun either should you lose large amounts.

% of your bank staking is the way forward with a bank like that. It takes dicipline, but try out your betting ON PAPER ONLY. Record everything about the bet including the stake, odds, going, distance, jockey, trainer, type of race etc. After a few hundred bets you will see if you are able to make money, and also what type of bets are costing you money. Use level stakes for this trial. When you find out what your strike rate is (% of bets you win) use that as your staking plan. For example, if you get 1 in 5 right your SR is 20%. With a 20% SR, 2% of the bank is safe. 30% SR can use 3% and so on. When you are happy with your strategies and methods, then you can go 'live'.

So if your stake was 2% of the bank, your first bet would be €200 on a 2K bank. Adjust the stake after each bet/day and if your bets are winning, you wont be using 200 quid for ever. It's not as easy as it looks to make money backing or laying and you will make plenty of mistakes along the way, so don't go putting all your eggs in one basket.

Magdeline

Thanks thats a great help

Magdeline

my bankroll is gonna be a lot bigger than that and my nly concern i suppose is value and where i can get a bet on without being shut-down or limitd-

its a bit of fun but for big money (i get good info which isa huge plus)

wb

Magdeline wrote:

my bankroll is gonna be a lot bigger than that and my nly concern i suppose is value and where i can get a bet on without being shut-down or limitd-

its a bit of fun but for big money (i get good info which isa huge plus)

Well you cant get shut down on the exchages as it is punter vs punter and they welcome winning/big accounts as they get commission. If you are willing to be patient and perhaps put your bet on in portions, you should have no problem getting matched.

For example: I've just checked the next race on betfair (4.35 Chest) and there has been €44,265 matched on the favourite at the time of typing, and €552,428 matched on the race overall. Irish markets generally have low liquidity (money available to back and lay). In general, the overround is lower closer to the off and that's when the liquidity is highest.

mdwexford

i cant help but think this thread is a wind up with quotes like,

"Thanks for the advice but i can't see much enjoyment betting 500 at a time"

and my fav

"Lets say im looking to bet 20k on a race"

zuutroy

mdwexford wrote:

i cant help but think this thread is a wind up with quotes like,

"Thanks for the advice but i can't see much enjoyment betting 500 at a time"

and my fav

"Lets say im looking to bet 20k on a race"

Have to agree...something doesnt add up. Can't understand how someone would be betting 5 figures for years and yet looking for basic advice here.

knighted

mdwexford wrote:

i cant help but think this thread is a wind up with quotes like,

"Thanks for the advice but i can't see much enjoyment betting 500 at a time"

and my fav

"Lets say im looking to bet 20k on a race"

the beauty of anonimity -only a hand full of bookies would take those sort of bets on a regular basis -plus try to lodge 20k a time in an online account and u get reported to the suspicious transaction branch of the bank ,and u can be sure a visit from the revenue would follow

Sizzler

Very easy to come on here and say you get good info....but the thing that got me was the subtle bragging about the amounts involved :rolleyes:

fr wishy washy

Fishing at its best imo.

scojones

I should sticky this thread.

fade2black

And I should send it to the recycle bin.

kincsem

I believe him / her. I like a fact-free post.

Tush

Magdeline wrote:

my bankroll is gonna be a lot bigger than that and my nly concern i suppose is value and where i can get a bet on without being shut-down or limitd-

its a bit of fun but for big money (i get good info which isa huge plus)

Post some of your info up on here to see how you do if you like,I like good info...;)

TOm Kelly

Magdeline ... As a retirement present - I think you should buy yourself a jockey ...


http://www.newsoftheworld.co.uk/story_pages/sport/sport5.shtml

TOP jockey Fran Ferris has sensationally confessed to riding in a staggering 200 ***** races.

Ferris, 26, also exclusively admitted to the News of the World that he pocketed payments of up to £1,000 a race for telling a **** bookie and professional punter which horses were going to deliberately lose.

His explosive revelations cast a bleak shadow over the Sport of Kings and present a sinister picture of what really goes on at Britain's race tracks.

It also acts a stark warning to the thousands of innocent punters who place bets each and every day with no knowledge of just how ******* many races are.

Talented Ferris, who has ridden 180 winners, provided unprecedented details of how races are ***** every day — and the people behind them!

The Irishman admitted he's lost count of the times he was instructed by owners and trainers not to finish in the first four. With his solicitor sitting alongside, Ferris confessed: "I rode in over 200 races where I was told to finish in the middle or at the back.

"Owners and trainers put pressure on jockeys to go easy on horses so they can get better odds next time. They'd say: ‘Give it a quiet run.' I'd have to do what I was told or I'd never get another ride for them.

"Jockeys can't afford to tell these cheats to take a running jump because they'd be out of a job. Not a day goes by when owners, trainers and jockeys don't deliberately stop horses. The guys who go into betting shops are being conned. Racing has gone to pot. It's not straight, it's never been worse.

"The people who run racing have no idea what's going on, or the size of it. Punting on horses to lose is enormous and betting exchanges are to blame for opening up this chance."

Ferris, who was recently banned for seven years for passing confidential information about horses to gambler Ajaz Khan and bookie Ian Nicholl, amazingly lifted the lid on how it all worked.

He recalled: "Ajaz Khan approached me at Chester and asked if I would pass information to him in return for rewards. He said he wanted to know when horses wouldn't win, so he could bet on them to lose.

"I told him to get lost but after thinking about it, I realised I was sitting on a pot of gold.

"It was a great chance to make easy money. Just about every day I was being instructed to be sure horses were kept at the rear or in the middle, so I went back to Ajaz and said he'd got a deal at £1,000 a horse.

"I had the same arrangement with Nicholl, who also bet my horses to lose.

"Ajaz paid me through the post or came to my house. We never met at the races. Most of the time we met in country pubs where no one would know us, though we did meet once in a Chinese restaurant near Newmarket, when I didn't stop looking over my shoulder and was too edgy to eat.

"Nicholl usually came to a particular pub after Southwell races, where he'd slip an envelope to me under the table.

"Jockeys are jumping at the chance to tip horses for rewards. Lots are doing it. I wasn't the only one by a mile."

Ferris then recalled three occasions when he rode to instructions not to do his best. He revealed: "I rode in one 10-furlong maiden race at Chepstow.

"The trainer instructed me to finish at the back, which I did. That horse won a later race when the owner had a lumpy bet on at big odds. On another occasion a trainer phoned me to take a ride at Catterick and said I had to finish in the middle. Then an owner gave me similar orders before a seven-furlong race at Bath. These are examples of what was happening every day.

"I had to do what I was told or I'd end up with no job at all. The same is happening to lots of jockeys."

Taking a swipe at the Horseracing Regulatory Authority, Ferris stressed: "The HRA has been banning jockeys like me for what happened several years ago to make it seem that cheating is a thing of the past. Pull the other one!

"I've just come out of the weighing-room so I know it's never been worse than it is now.

"I've been made the scapegoat, but there's no point in appealing, so I'm going to start a new career and move forward."

Ferris last week began work as a tiler.

Bluetonic

so I'm going to start a new career and move forward."

Ferris last week began work as a tiler.

Job.

Magdeline

lodging 20k is not possible online???

Ive ad no trouble lodging a lot more and have had no visits from the revenue.

I think you guys have watched too many conspiracy movies!!!

Was just looking for friendly advice on where's the best place to get a big bet on (which i got thanks to tose who were kind enough to help)

knighted

i have no problem dealing in large amounts thru my business-but what i meant was that when u lodge amounts over 10k(i think) u show up on the radar automatically of the suspicious transactions department -its the law to report all transactions over that amount to combat money laundering -so long as u can prove the origins of the money no probs-obviosly they dont bat an eyelid when the likes of jp moves money -(are u jp)