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What Is A Great Strategy For Horse Race Betting?

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Comments

  • #52
    IAMAMORON
    Banned (with Prison Access) Posts: 9,078 ✭✭✭IAMAMORON


    BorneTobyWilde wrote: »
    So easy to make money on paper backing hores, but you're not allowed to win with bookies.

    If you are serious about getting on, the exchanges and the track bookies will always give you a price. If you really fancy it you will get on in the ring.

    I am not defending the chunts, but there is no point whining about the way they cover their ass online. Otherwise you would have every jockey in Newmarket screwing them everyday, they can't let that happen.


  • #53
    BorneTobyWilde
    Registered Users, Registered Users 2 Posts: 36,404 ✭✭✭✭BorneTobyWilde


    Exchanges are a bit of a joke, you rarely get a bet matched.


  • #54
    The Tetrarch
    Registered Users, Registered Users 2 Posts: 2,092 ✭✭✭The Tetrarch


    BorneTobyWilde wrote: »
    Exchanges are a bit of a joke, you rarely get a bet matched.
    I only bet on an exchange. This week I had a bet at 930/1.
    You will get matched. You might have to put up the price you want, and then wait and see if it is matched. If you do not get the price then no bet.
    Not getting the amount or the price you want also applies with bookmakers.

    I bet on horse racing, golf, soccer, athletics, cycling, but only outright on long timeframe events e.g. US Masters golf and other golf majors, soccer world cup, Olympic games, Tour de France.


  • #55
    lemush
    Registered Users, Registered Users 2 Posts: 680 ✭✭✭lemush


    BorneTobyWilde wrote: »
    Exchanges are a bit of a joke, you rarely get a bet matched.

    You must be on about betdaq not betfair.


  • #56
    Dr. Bre
    Registered Users, Registered Users 2 Posts: 7,741 ✭✭✭Dr. Bre


    Don’t do bookie bets like placepot and lucky 15. There is a reason why the bookies created these bets


  • #57
    BorneTobyWilde
    Registered Users, Registered Users 2 Posts: 36,404 ✭✭✭✭BorneTobyWilde


    You can be forever winning if you back 3 horses in a field of say 8 - 10, where the favorite is at least 11/4. Many races fit this bill. I remember winning 8 races in a row doing this.
    Why back one horse in 3 different different races, when you can ban 3 in the one race to have a better win percent. You could go on a run of 30 races without a win backing one horse per race in various size fields, backing 3 in small fields means you win most of the time.
    Needs to be a decent price favorite , at least 11/4
    You can also easy eliminate 3 outsiders that could never win, so that odds are even better that you'll hit a winner.

    I used to do this on paper and make 100 plus points a week profit. But putting it into practice is the thing


  • #58
    Hulk Hands
    Registered Users, Registered Users 2 Posts: 6,016 ✭✭✭Hulk Hands


    BorneTobyWilde wrote: »
    How is it even legal for Bookies to openly show that we only take money from people, if you win we ban you . What kinda law is that, surely it's not a legally fair practice .

    It sounds awful when you first hear about it but its actually a better system for 99.9% of punters. Even winning punters. Some think if bookmakers removed restrictions, betting would just continue as normal, as if bookies would just bleed money freely and be happy about it.

    They'd instantly remove all concessions like MB and BOG and extra places. They'd take 3 times as much margin. And all the value in the market would be instantly snapped up by a very small group of syndicates with dozens of accounts ready to jump on any price that's wrong, which would defeat the purpose of allowing restricted people on in the first place. Some, like Bet365, would stop offering racing altogether.

    In the last few years about 5 bookies have offered a market to restricted customers, to win 500 quid on all racing, after 10am and with high margin, no extra places and no best odds guaranteed. 4 of the 5 have shelved it currently as it's not possible for them to make a profit.

    Dr. Bre wrote: »
    Don’t do bookie bets like placepot and lucky 15. There is a reason why the bookies created these bets

    Betvictor removed Lucky 15's temporarily last year they were losing so much money from them!

    Multiples work in the bookmakers favour if they are 'bad' bets. Think your randomly selected saturday accum. The margin on Chelsea to win multiplys onto city to win and so on.

    Works in reverse if you have 'good' bets. If you back one that's 10s but should be 6s, and one that's 16's but should be 9s, the margin from bet A will multiply with the same from bet B. It's especially affective on each way multiples where the place terms are in your favour across a few races.

    Beginners should stick to singles though


  • #59
    robbiezero
    Registered Users, Registered Users 2 Posts: 4,476 ✭✭✭robbiezero


    Hulk Hands wrote: »
    It sounds awful when you first hear about it but its actually a better system for 99.9% of punters. Even winning punters. Some think if bookmakers removed restrictions, betting would just continue as normal, as if bookies would just bleed money freely and be happy about it.

    They'd instantly remove all concessions like MB and BOG and extra places. They'd take 3 times as much margin. And all the value in the market would be instantly snapped up by a very small group of syndicates with dozens of accounts ready to jump on any price that's wrong, which would defeat the purpose of allowing restricted people on in the first place. Some, like Bet365, would stop offering racing altogether.

    In the last few years about 5 bookies have offered a market to restricted customers, to win 500 quid on all racing, after 10am and with high margin, no extra places and no best odds guaranteed. 4 of the 5 have shelved it currently as it's not possible for them to make a profit.




    Betvictor removed Lucky 15's temporarily last year they were losing so much money from them!

    Multiples work in the bookmakers favour if they are 'bad' bets. Think your randomly selected saturday accum. The margin on Chelsea to win multiplys onto city to win and so on.

    Works in reverse if you have 'good' bets. If you back one that's 10s but should be 6s, and one that's 16's but should be 9s, the margin from bet A will multiply with the same from bet B. It's especially affective on each way multiples where the place terms are in your favour across a few races.

    Beginners should stick to singles though

    I'm surprised in this day and age with real time data analysis and alerting that their IT systems can't mitigate against a sudden flood of betting at an off-peak time e.g. the night before or early morning.
    Surely they could have a detection system that would just suspend betting on a horse after a certain threshold of liability until a trader has had a look etc.


  • #60
    Hulk Hands
    Registered Users, Registered Users 2 Posts: 6,016 ✭✭✭Hulk Hands


    robbiezero wrote: »
    I'm surprised in this day and age with real time data analysis and alerting that their IT systems can't mitigate against a sudden flood of betting at an off-peak time e.g. the night before or early morning.
    Surely they could have a detection system that would just suspend betting on a horse after a certain threshold of liability until a trader has had a look etc.

    Is that not defeating the purpose of the mythical argument though, that you're allowing all customers unrestricted access to a racing market? Hardly works if a selection comes offsite every time it's backed by 2/3 accounts tagged as smart, it's obviously more sharp bookmaker practice that would be outlawed in this hypothetical situation.

    In reality yeah that's what would happen, a selection would come down once a couple of max bets went in. Book would shorten massively once attended to. 1 or 2 pro's would get the value and everyone else misses out


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  • #61
    IAMAMORON
    Banned (with Prison Access) Posts: 9,078 ✭✭✭IAMAMORON


    Dundalk
    12.55 Zaffys Pride ( seemingly named after Kate's favourite Teddy Bear, true story)
    2.30 Boyne River
    3.05 Sliabh Aughty ( Hipsters Special )
    3.40 Bluebeards Castle
    Tramore
    4.40 Merroir ( massively overpriced, 3rd in Galway)
    Newbury
    5.20 Byron Hill
    Donny
    2.15 Turandot ( Nessun Dorma special )
    Chepstow
    The too most important important things in life - never blow your money on fast women or slow horses, giving Wales a miss for the moment.

    I have them all backed win only on the nose and the following multiples.

    MultiplesStake & Returns

    0.05
    €147,458.07
    7 Folds (€0.05 x 1) EW
    @ 2948400.0


    0.05
    €134,882.48
    6 Folds (€0.05 x 7) EW
    @ 385071.43


    0.05
    €51,012.44
    5 Folds (€0.05 x 21) EW
    @ 48461.18


    0.05
    €10,342.40
    4 Folds (€0.05 x 35) WIN ONLY
    @ 5909.94


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