Do you wish you could make money on a Betting Exchange online?Discover the secrets with this Betting Exchange online tutorial. This tutorial attempts to pinpoint best practice when using a betting exchange, such as Betfair, to back or lay horses either pre-race or in-running. The term master class usually refers to instruction conducted live; in this case it is an exchange of views and strategies devised to obtain best possible returns from a proven horse Lay System. Get The FREE Sports Betting Newsletter
The main contributors are myself and Phil who has extensive and valuable experience in the use of Betfair. The Lay System used for selections has been devised by me using RaceXpert software.
Posted: Wed Nov 08, 2006 10:28 pm Post subject: Betting Exchange online tutorial
Hi Phil Thanks for your post - I'm pleased you enjoy and hopefully profit from the posts. I am thinking of posting selections for a period and including a commentary on the progress made placing the selections on Betfair. Anyone interested, hopefully you included, will do the same and we can compare the results. I have come across the idea of increasing stakes after a losing bet. For example a lay selection wins at 2-1. The next 2 selections would have stakes of 2 points instead of 1 point to absorb the loss. If anyone has any views on this staking plan it would be interesting to hear them. Posted: Thu Nov 09, 2006 6:52 am Post subject: Betting Exchange online tutorial ------------------------------------------------------------- So we're off and running to see how the lay system works in practise at Betfair. I have set up an account with £100 bank and I'll have to keep my wits about me as Betfair can bite! I remember an occasion when Tony (I will NOT be beaten) Mc'Coy was unseated and someone layed him in running to lose at 1000-1 (£2 was matched). Mc'Coy had other ideas, remounted and as the leader fell at the last went on to win. Ouch! The selections for Thursday 9th Nov Ludlow 4.0 Lady Roania Taunton 4.10 Where's My Baby We'll start with minimum stakes of £2 - price must stay within evens and 13-2. Both look alright on that score. Posted: Thu Nov 09, 2006 1:22 pm Post subject: Betting Exchange online tutorial -----------------------------------------------------------------
Ok Chris lets give it a whirl Ludlow 4.0 Lady Roania got odds of 3.8 Taunton 4.10 Where's My Baby 5.1 Fingers crossed Phil Posted: Thu Nov 09, 2006 4:24 pm Post subject: Betting Exchange online tutorial ---------------------------------------------------------------- Well not the best of starts with Lady Roania winning that cost me £5.60 However I doubled my stake up to £4 on Where’s My Baby and she duly went missing in the final 2 furlongs to claw back £3.82 after betfair took their commission from me so my bank stands at £98.22 down £1.78 lets hope for better returns on Friday but it was good fun thanks Chris Posted: Thu Nov 09, 2006 7:15 pm Post subject: Betting Exchange online tutorial -----------------------------------------------------------------Hi Phil Yes - pity about Lady Roania and you did well to increase the stakes to keep the loss to a minimum. I was not able to do this and the odds I obtained were similar to yours so my bank was reduced to £96.40. However 'tis early doors and for Friday 10th Nov we have Newcastle 2.45 Tartan Classic Newcastle 3.55 Middleton Dene Regards Chris
Posted: Fri Nov 10, 2006 7:02 am Post subject: Betting Exchange online tutorial
Comment: If you have strong reasons to believe a bet will lose it is best to pass on it – there is always another day. ------------------------------------------------------------ Tartan Classic is too big at 12.4 currently and I am concerned about Middleton Dene. The latter is trained by N G Richards who does well at this course, especially in bumpers. He has a 26% overall strike rate here which ramps up to 60% in National Hunt flat races. So the percentage call would be to give this one a miss. Regards Chris Guest Posted: Fri Nov 10, 2006 8:50 am Post subject: Betting Exchange online tutorial ---------------------------------------------------------------
I am with you Chris there are plenty more days to find us losers
Joined: 09 Feb 2006Posts: 62Location: Plymouth Posted: Fri Nov 10, 2006 8:15 pm Post subject: Betting Exchange online tutorial --------------------------------------------------------- ...and so it proved, with Middleton Dene winning at 4-1. It's a pity the Lay system came up with this as I would have backed it to win otherwise for the above mentioned reasons. It was one of my Stable Stats selections. Anyway nobody got their fingers burnt and boy oh boy have we got something to get the juices running tomorrow Saturday 11th Nov. Most courses are represented so here goes: Cheltenham 3.45 My Will Kempton 4.20 Rule Of Life Lingfield 12.05 Sincerely Uttoxeter 1.20 Kristiansand Uttoxeter 4.05 Troglodyte Wetherby 12.40 Snake Rave Wolverhampton 8.00 Miss Fancy Pants Phil's in the lead - let's see if I can catch up Kind regards ChrisPosted: Sat Nov 11, 2006 9:08 pm Post subject: Betting Exchange online tutorial --------------------------------------------------------------- Well that was certainly a helter-skelter ride - typical isn't it? As soon as you put yourself on the line Fate jumps out from behind a fence and says: "Watch it sonny, don't get ahead of yourself!" All the favs lost - Rule of Will 8-11, Kristiansand 11-10, Troglodyte 11-2 (5.7 Betfair); Miss Fancy Pants (A sure-fire favourite) 10-11 But guess who wins - My Will 9-2, Sincerely 5-1 Fortunately from my point of view My Will was trading on Betfair at greater than 13-2 this morning so I passed on him. But just got caught with Sincerely at 5.4 resulting in a loss of £8.80. So with the others all losing I ended up with a loss of just £1.30 leaving me with a balance of £95.10. I hope Phil fared as well. Sunday’s selections: Carlisle 2.00 Gratton Lodge Carlisle 2.30 Clueless Fontwell 1.15 Idris This is what the Racing Post has to say about the first two: Howard Johnson's nine-year-old (Gratton Lodge) spent last season in the wilderness but shaped much more encouragingly behind a progressive sort over C&D after a break last time and should be spot on. It's hard to know what happened to CLUELESS when sent off long odds-on for his hurdling debut early in the year but he was decent on the Flat and is worth another chance. Should we be worried? Regards Chris Posted: Sun Nov 12, 2006 7:34 pm Post subject: Betting Exchange online tutorial Comment: Only consider your own opinion about a bet, not the opinions of others. Betting Exchange online tutorial Well no, we didn't need to worry as it turned out as Gratton Lodge and Idris lost with Clueless a non runner, leaving us £4 up less 20p commission on Betfair and a total of £98.90. This is often how we view expectations, far more extreme than is likely. Whether it is how we expect a summer holiday abroad to turn out - constant blue skies, romance, and gorgeous food. Or fearing the worst when the weather forecast is poor or the next train we travel on will have a bomb on it or crash. So, back to normality and faith in the system restored we boldly go into another week with just the one selection for Monday in: Leicester 2.10 Pearl King Regards Chris Guest Posted: Mon Nov 13, 2006 9:27 am Post subject: Betting Exchange online tutorial ------------------------------------------------------------- Hi Chris I do not have access to a pc at the weekend and so missed out on that rollercoaster - fingers crossed I can get back into the black today
Leicester 2.10 Pearl King £4 got on at 2.0 so potential £4 loss or 3.82 profit Bank £98.22 Guest Posted: Mon Nov 13, 2006 2:22 pm Post subject: Betting Exchange online tutorial ------------------------------------------------------------- Comment: It is possible to make a profit on Betfair by both backing and laying a horse. Hi Chris after laying Pear King for £4.00 at 2.00 I noticed that it was really drifting in the market and so backed it to win £2.50 at 2.62. This meant that if it lost I would win £1.50 but if it won I would also make a profit of just 5p. Unfortunately for you it went on to win as only two other horse managed to get round so bank is at £98.27 5p up on the day and looking forward to Tuesdays excitement Phil Guest Posted: Mon Nov 13, 2006 8:42 pm Post subject: Betting Exchange online tutorial ----------------------------------------------------------- Hi Guys Good to see you are still in the hunt and well done Phil for wriggling out of today’s lay with an astute backing gambit. I was not so fortunate and fell, with a loss of £1.88 leaving my total at £97.02. Further excitement will need to be reined in until Wednesday as there are no selections for Tuesday. It was an appropriate time for the Legend in his own lifetime, Desert Orchid to pass away today and I'm sure many racing enthusiasts have fond memories of his gallant career. Kind Regards ChrisGuest Posted: Mon Nov 13, 2006 9:29 pm Post subject: Betting Exchange online tutorial -------------------------------------------------------------
Hi Chris, How come you were not using £4 as your stake to recoup your loss? Cheers Phil Posted: Tue Nov 14, 2006 6:07 pm Post subject: Betting Exchange online tutorial --------------------------------------------------------------- Hi Phil The 6 six lays previous to Pearl King's win were all losers But I ought to double up on the next lay and here they are for Wednesday Kempton 5.20 Satyricon Southwell 2.30 Trinity Rose Southwell 3.30 Jordan's Light Warwick 12.40 Mr Aitch Unfortunately I'm not always around to check progress so may miss the times when I should double up Regards ChrisPosted: Wed Nov 15, 2006 8:15 pm Post subject: Betting Exchange online tutorial ---------------------------------------------------------------- Not much luck today. Started well enough with Mr Aitch 2nd at 5-4, Profit £1.90 but..Trinity Rose won at 4-1 my Betfair odds 3.4 - loss £4.80 Jordan's Light won at 7-4 my Betfair odds 3.3 - loss £4.60 Giving a loss on the day of £7.50 Betfair Total now £89.52 Satyricon was a non runner which meant there was no chance of doubling up to recoup losses. We need some respite - here are Thursday's selections Hereford 12.50 Resonance Market Rasen 2.10 Yaboya Market Rasen 2.40 Inaro Wolverhampton 4.20 Rosein I have just been looking at the results of the lay system going back to 2002. In that time the graph has been steadily gaining points profit and now stands at 312. There are inevitably dips and periods when it does not move forward much. This is then followed by a period of sustained growth. It also appears possible to improve on the statistics when using the Exchanges as shorter prices than SP (which is what the system results are based on) can be obtained. For example in the short time we have tested it here from 9th Nov - my loss has been 11 points but the system has lost 13 points. Patience must be our watchword. I'll have another look at the stats to assess the longest losing periods to see what we might be in for. Regards Chris Comment: Don’t be distracted by temporary losses – stick to your guns through a losing run. Just make sure your bank is large enough for your stakes. Posted: Thu Nov 16, 2006 8:17 am Post subject: Betting Exchange online tutorial --------------------------------------------------------------- Unfortunately missed yesterdays selections as I was away on business however have managed to get on to today’s Hereford 12:50 Resonance £2 @3.15 lost won £1.91 Yaboya £2 @2.2won lost£2.40 Inaro £2 @6 (currently at 9.0 have to see if it comes in)lost £1.91 Rosein £2 @ 6 lost £1.91 Bank 101.60 +£3.33 on the day A good result and back in the black Posted: Fri Nov 17, 2006 8:41 am Post subject: Betting Exchange online tutorial -------------------------------------------------------------Betting Exchange online tutorial Yes a better result yesterday and I am up to £92.98 Friday's selections Ascot 2.45 Briscoe Place Exeter 2.55 Blandings Castle Exeter 3.30 Artipreuil Kelso 12.25 Clueless Kelso 3.10 Windy Hills Wolverhampton 4.20 Londolozi Wolverhampton 5.50 City For Conquest Some of these may well be too big e.g. Artipreuil although 3 are quite low Posted: Sat Nov 18, 2006 8:19 am Post subject: Betting Exchange online tutorial ---------------------------------------------------------------- Only Windy Hills won albeit at 5-1 - however such are the vagaries of using Betfair I failed to get on Artipreuil and Briscoe Place so lost out on gaining from them. City For Conquest a loser at 8-1 was a non qualifier although you may have been able to get on within the price range max of 13-2 or 7.5 decimal. So I ended the day at £87.80 - must do better! Saturday’s selections The first 2 will be way too big but I'll include them anyway Ascot 2.35 Potts Of Magic Haydock 2.50 Forest Green Huntingdon 12.55 Afrad Huntingdon 2.30 College Ace Huntingdon 3.00 Monkerhostin Wolverhampton 7.30 Peregrine Falcon Wolverhampton 9.30 Premier Fantasy Kind Regards Chris Posted: Sun Nov 19, 2006 1:04 pm Post subject: Betting Exchange online tutorial ---------------------------------------------------------------- I ignored Potts Of Magic and Forest Green College Ace won at 3-1 and Peregrine Falcon at 15-8 These results left my Betfair account at £82.80 Sunday’s selections Plumpton 1.20 Geeveem Towcester 12.10 Glen Thyne Regards Chris Posted: Mon Nov 20, 2006 8:18 am Post subject: Betting Exchange online tutorial ----------------------------------------------------------------- Glen Thyne came 2nd to my Stable Stats tip Billy Bray at 33-1, so good result there. Geeveem from the in-form Paul Nicholls yard won at 4-5. My Betfair account now stands at £82.50. Selections for Monday - reminder, selections must be priced between evens and 13-2. Ludlow 1.20 Return Home Ludlow 3.50 Saxon Leader At time of posting, both these are too big at 7.8 and 14.5 respectively so I will pass today, although they might well shorten later in the day. Regards Chris Posted: Mon Nov 20, 2006 12:00 pm Post subject: Betting Exchange online tutorial ----------------------------------------------------------------- Friday's selections Ascot 2.45 Briscoe Place 1.91 Exeter 2.55 Blandings Castle 1.91 Exeter 3.30 Artipreuil 1.91 Kelso 12.25 Clueless 1.91 Kelso 3.10 Windy Hills -10 Wolverhampton 4.20 Londolozi 3.82 Wolverhampton 5.50 City For Conquest 3.82 £5.28 up on the day Bank £106.88 Guest Posted: Mon Nov 20, 2006 3:58 pm Post subject: Betting Exchange online tutorial --------------------------------------------------------------Betting Exchange online tutorial Hi Chris, Another successful days laying I managed to get on Return home at 5.9 and Saxon Leader at the max 7.5 so another £3.82 to add to the bank Many thanks Phil Bank £110.7 Posted: Tue Nov 21, 2006 8:59 am Post subject: Betting Exchange online tutorial ---------------------------------------------------------------- Comment: Phil seems to be going great guns and I think his focused approach highlights what is required to make a profit on the Exchanges. You do need to be able to watch and respond to a fluctuating market. Much as you would in the financial sector. Tuesday’s selections Kempton 1.35 Pirate Flagship Southwell 12.20 Secret Vision Southwell 1.25 Firework Kind regards Chris Guest Posted: Tue Nov 21, 2006 11:42 pm Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- Was on Secret Vision and then it got pulled before the start and then did not manage to get on the other 2 as had to work gutted but nothing lost. Hope you clawed a few quid back Chris Looking forward to Weds selections Phil Posted: Wed Nov 22, 2006 8:25 am Post subject: Betting Exchange online tutorial Betting Exchange online tutorial Both horses that ran lost so I came out £3.80 up giving Total of £88.30. Still way behind Phil despite his missing yesterday's 2 Perhaps I should give him my bank to manage and concentrate on just supplying the selections. What say ye Phil? Wednesday’s selections Chepstow 1.35 Michael Muck Chepstow 3.20 Master D'Or Wetherby 3.10 Doris's Gift Regards Chris Guest Posted: Wed Nov 22, 2006 8:39 am Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- I'm flattered you would trust me with your money Chris but I find keeping hold of my own tough enough and so would not like to gamble yours away. I don’t mind keeping a paper chase Monday to Friday for you though as I do not have pc access at the weekend Cheers Phil Ps Thanks for today’s selections Guest Posted: Wed Nov 22, 2006 3:33 pm Post subject: Betting Exchange online tutorial ---------------------------------------------------------------Betting Exchange online tutorial Chepstow 1.35 Michael Muck won I lost £7.80 Chepstow 3.20 Master D'Or lost I clawed back £3.82 Wetherby 3.10 Doris's Gift odds were too big best was 7.8 so £3.98 down on the day Bank stands at £106.72 for me Chris bank stands at £84.30 Posted: Thu Nov 23, 2006 8:25 am Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- Such are the vagaries of wagering on Betfair I did not actually get on the winning Michael Muck. I left a price on I considered achievable but failed to check if it had been matched before the off. So I just gained £1.90 on Master D'Or which put me up to £90.20. I thought Phil would be alright as he usually doubles up after a loser but did not on this occasion. The race would certainly have tested a layers nerves while following the race on betfair in running. I usually follow a race through the commentary provided by the Betting Zone on the Racing post website but it was not working so watched the odds changing on Betfair and it was neck and neck until the winner asserted near the end. Comment: If you have left a price unmatched make sure you return to check as you may be in for a disappointment. Today’s selections Taunton 12.55 Travolta Uttoxeter 1.05 Joyryder Uttoxeter 1.35 Hold the Bid If anyone would like a spreadsheet copy of the lay system results going back to 2002 let me know through the Contact Us form on the Horse4course-racetips.com website. regards Chris Posted: Thu Nov 23, 2006 4:06 pm Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- In haste - tomorrow's selections Kempton 3.50 Isobel Rose Kempton 5.20 Depraux Newbury 1.35 O'Maly Newbury 2.10 Predator Wolv 1.10 Aureate Wolv 2.50 Dancing Flame I am away tomorrow all selections lost today Chris Phil Posted: Thu Nov 23, 2006 4:29 pm Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- Taunton 12.55 Travolta £3.82 Uttoxeter 1.05 Joyryder no bet as odds on Uttoxeter 1.35 Hold the Bid £1.91 That’s £5.73 up on the day Bank grows to £112.45
Posted: Sat Nov 25, 2006 8:26 am Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- Kempton 3.50 Isobel Rose 2nd 10-3 Kempton 5.20 Depraux 2nd 4-6 non qualifier Newbury 1.35 O'Maly 3rd 5-1 Newbury 2.10 Predator 8-1 non qualifier Wolv 1.10 Aureate 1st 1-2 Wolv 2.50 Dancing Flame 5th 7-1 non qualifier This gives us a 1.5 point profit although I was away and not able to lay these, although I'm sure Phil came away smiling.) My betfair bank is now £95.70 (I went with Joyrider as it was close to being an evens qualifier on Betfair.) Saturday's selections (NB qualifiers must be evens to 13/2 SP) Lingfield 1.30 Tee Off Lingfield 2.35 Baan Newcastle 12.20 Over The Storm Towcester 2.50 Riders Revenge Wolverhampton 7.30 Danebank Wolverhampton 8.00 Ama De Casa Wolverhampton 9.00 Eccollo A lot of big prices here! Lingfield 1.30 Tee Off non qualifier Lingfield 2.35 Baan non qualifier Newcastle 12.20 Over The Storm 13-2 Towcester 2.50 Riders Revenge non qualifier Wolverhampton 7.30 Danebank 3-1 Wolverhampton 8.00 Ama De Casa 9-2 Wolverhampton 9.00 Eccollo fell 1.38 All qualifiers lost giving us plus 4 points - my Betfair bank is now £101.40 Unfairly I stole a march on Phil over the weekend as there were 4 qualifiers for Sunday Fontwell 12.10 Aristi Fontwell 1.15 Penzance Leicester 1.55 Viscount Rossini Newbury 3.45 Forrest Pennant All lost but I was only on the last 3 as I did not get to my PC in time for the first. This increased my bank to £107.10 Selections for Monday 27th Nov Folkestone 1.00 Chamoss Royale Kempton 1.10 David’s Mark Kempton 1.40 Sriology Kempton 2.10 Wood Farm Wolverhampton 2.50 Chickado Posted: Tue Nov 28, 2006 8:36 am Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- Folkestone 1.00 Chamoss Royale won 4-11 non qualifier Kempton 1.10 David’s Mark 4th 10-3 Kempton 1.40 Sriology 5th 9-4 Kempton 2.10 Wood Farm unpl 3-1 Wolverhampton 2.50 Chickado non qualifier 9-1 So plus 3 points which brings our losing run to 16 - not a bad run for our money and long may it continue. I was not concentrating yesterday and deserve a slap on the wrists for laying Chamoss Royale and losing a £1 of profit. Comment: make sure you accept the price you require. Take care not to place a bet twice when placing a bet at a better price. You need to ensure you cancelled the original bet – if things go wrong you may find your liabilities are twice what you expected. This is a good lesson on the importance of not dealing on Betfair in a hurry - take your time and double check that you have made the right decisions. Despite this my bank increased by £4.70 and stands now at £111.80. Not sure how Phil is doing as he has not posted since last week Tuesday's selection is Wolverhampton 4.50 Fealeview Lady Chris_________________Betting Exchange online tutorial
Hi Chris been a bit ill lately and not made it back onto the exchanges till today you seem to have caught me up with a good run while I have been recuperating hope I don’t jinx you Managed to lay Fealeview Lady at 4.3 so liability of £6.60 Bank still £112.45
Phil Managed to lay Fealeview Lady at 4.3 so liability of £6.60 came in 3rd Bank up to £114.36
Posted: Wed Nov 29, 2006 8:33 am Post subject: Betting Exchange online tutorial
Sorry to hear you've not been well recently, Phil - but what better way than a win on the Exchanges to bring back a little colour! My odds obtained for Fealeview Lady were 4.5 - do you find that lay odds are best at a particular time of day? If we could pin down a best time, that would help. I usually get on early in the morning and ask for a price a little below what is available and then (if I remember) check to see later if it has been matched. If not, I then take the current price. My bank, although closing fast on Phil, is still just behind at £113.70 Today's selections are a bit scary as they have all been tipped to win in the papers - but hey, what do they know Ayr 3.35 Beauty One Catterick 1.20 It's Definite Kempton 3.50 Personal Column Regards Chris Phil Posted: Wed Nov 29, 2006 9:51 am Post subject: Betting Exchange online tutorial
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If the odds are drifting and it is still within our 6.5 limit I put the bet on, if it is going lower I wait till 10 minutes before the off and put it on then. If it is over 6.5 at the off I try and get it on when it is in running at 6.5 or below which quite often comes in as horses can take the lead early on only to tire towards the end. Let’s hope for another good day Many thanks for the selections Phil
Posted: Wed Nov 29, 2006 12:35 pm Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- After saying all that, I am a bit busy to follow my own guidelines today, so have done the following: Its definite £2 lay liability £9.40 Beauty one £2 Lay liability £4.50 Personal Column no bet as odds on
Phil Posted: Wed Nov 29, 2006 4:12 pm Post subject: Betting Exchange online tutorial It’s definite lost +£1.91 Beauty One won -£4.50 Personal Column no bet as odds on Bank £111.77 Better luck required for Thursday bets increased to £4 lay
Hi Phil Thanks for that very useful information on your approach to laying on Betfair and your points could well be considered best practice. Of course it is not always possible to follow the guidelines for various reasons and we can only adhere to as many as possible. I fared little better yesterday and ended the day with a loss of £4.36 leaving a bank of £109.34. I did however get on Personal Column as it was very close to evens at the time. I have also done the same with today’s selection accepting 1.96 as I believe it will go over 2.0 by the off. Thursday's selection Market Rasen 12.50 Player Chris Player 2nd £4.00 lay at 1.98 =£3.82 Bank swells to £115.59
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cjwigg Joined: 09 Feb 2006Posts: 70Location: Plymouth Posted: Thu Nov 30, 2006 2:43 pm Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- I also doubled up the stake to £4 after yesterdays loss and duly collected my £3.80 to raise my bank to £113.14. I was correct in thinking the price would go above evens and it ended at 11-8 SP The result of Olivair winning at 100-1 is interesting in that everyone assumed his best ground was good or firmer whereas the opposite appears to be the case. Regards Chris
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cjwigg Joined: 09 Feb 2006Posts: 70Location: Plymouth Posted: Fri Dec 01, 2006 8:38 am Post subject: Betting Exchange online tutorial
-------------------------------------------------------------------------------- Just 2 selections today, one of which, Granit Jack, is currently below evens. I shall make no comment on his chance, although I was tempted to, and will just see how things pan out. Exeter 12.40 Seattle Robber Sandown 2.05 Granit Jack Chris
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Phil Joined: 26 Sep 2006Posts: 9 Posted: Fri Dec 01, 2006 2:23 pm Post subject: Betting Exchange online tutorial
-------------------------------------------------------------------------------- Exeter 12.40 Seattle Robber lay at 3.0 +£3.82 Sandown 2.05 Granit Jack lay at 1.72 + £1.91 was going to leave this one alone as it was odds on but took your advice early doors. This horse is on your list to follow at the moment though Bank £121.32 Back on Monday many thanks
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cjwigg Joined: 09 Feb 2006Posts: 70Location: Plymouth Posted: Sat Dec 02, 2006 8:40 am Post subject: Betting Exchange online tutorial
-------------------------------------------------------------------------------- Unlike Phil I did not lay Granit Jack as, apart from being a non qualifier, he was also on my horse to follow list. So I came away with £1.90 and a total bank of £115.04. Perhaps I can catch up with the Saturday's selections while Phil has a lie-in Chepstow 1.10 Blu Teen 4th 7-4 Kempton 3.45 Lilac Star non qualifier Kempton 4.20 Last Sovereign lost Sandown 12.55 Falkenauge 4th 13-8 Southwell 1.40 Victor Trumper 2nd 5-2 Southwell 2.45 Free Loader non qualifier Wetherby 12.20 Best Accolade non qualifier Four wins from four qualifiers - unfortunately I lost my nerve after 3 wins and closed my lay on Last Sovereign as I did not want to lose what I had gained on the first three. So I end the day up £5.70 and my bank has almost caught up with Phil at £120.74 No selections on Sunday Chris
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cjwigg Joined: 09 Feb 2006Posts: 70Location: Plymouth Posted: Mon Dec 04, 2006 8:16 am Post subject: Betting Exchange online tutorial
-------------------------------------------------------------------------------- Hi everyone We're off on a new week in this adventure and we were lucky to consider Sunday a rest day as the lay system produced 2 selections which won - Trigger The Light won 7-2 and Mr Dow Jones won 9-2 - phew! Selections for Monday Fakenham 12.50 Chaninbar Fakenham 1.50 Avalon Lingfield 1.10 For Life Lingfield 2.10 All Quiet Regards Chris Fakenham 12.50 Chaninbar 3rd 2-5 non qualifier Fakenham 1.50 Avalon unpl 7-4 Lingfield 1.10 For Life 14-1 non qualifier Lingfield 2.10 All Quiet 3rd 11-4 Although Chaninbar was a non qualifier I considered his odds way too short - overhyped due to the trainer/jockey combination (Nicholls/Walsh) so his true price should have been evens at least. So I included the horse in my lays. Be aware of the true reasons for market moves and profit from them by not following the crowd This resulted in 3 wins, £5.70 and the bank now at £126.44 Selections for Tuesday Kempton 3.50 Heaven's Walk Sedgefield 1.50 Greyside Sedgefield 2.50 Great Approach Sedgefield 3.20 San Peire I would be wary of laying Greyside at too big odds as I think he has a fair chance - there may be an opportunity to back and lay to produce a profit whatever the outcome. If Phil is back he could be our man to achieve this. Regards Chris_________________
cjwigg Joined: 09 Feb 2006Posts: 73Location: Plymouth Posted: Wed Dec 06, 2006 9:06 am Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- Kempton 3.50 Heaven's Walk lost Sedgefield 1.50 Greyside non qualifier lost Sedgefield 2.50 Great Approach lost Sedgefield 3.20 San Peire lost 3 points up My bank increased by £5.70 to £132.14 - we seem to have lost Phil for the moment, let's hope he comes back. We will have to start tweaking the staking system soon to accelerate profits. Any ideas anyone? Selections for Wednesday Hexham 12.20 Acropolis Kempton 1.40 Bollywood Leicester 1.00 Bob Hall Wolverhampton 6.20 Sarwin
Phil Joined: 26 Sep 2006Posts: 10 Posted: Wed Dec 06, 2006 11:36 pm Post subject: Betting Exchange online tutorial
-------------------------------------------------------------------------------- Hi Chris, will have to give this a miss for at least a week as wife is very ill and am struggling looking after the kids sorry for not replying to you sooner but things are very hectic at the moment. Thanks for all the tips and hope to be back on line by the 16th
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cjwigg Joined: 09 Feb 2006Posts: 73Location: Plymouth Posted: Thu Dec 07, 2006 8:23 am Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- Hi Phil, sorry to hear about your wife and I hope she soon recovers. Hexham 12.20 Acropolis 4th 6-4 Kempton 1.40 Bollywood non qualifier Leicester 1.00 Bob Hall won 6-4 Wolverhampton 6.20 Sarwin 2nd 5-2 Betfair was out of operation until 1pm so I missed out on races prior to, that so ended up only laying Sarwin. There was quite a lot of market support for Sarwin but I resisted the temptation to interfere and was duly rewarded. So up £1.90 and Bank at £134.04. Selections for Thursday Taunton 12.50 In His Dreams Wolverhampton 6.20 Writ Taunton 12.50 In His Dreams 3rd 7-2 Wolverhampton 6.20 Writ 5th 13-8 Good day today - 2 points up and bank now £137.84 Friday's selections Kempton 5.50 Sincerely Wolverhampton 1.35 Bold Indian Wolverhampton 2.45 Gifted Lass Some big prices here so care needed to watch the market. I have put in offers of Sincerely 5.2 and Gifted Lass 6.4. I have also a matched lay on Bold Indian at 1.82 as I think the price will rise to evens. Chris cjwigg Joined: 09 Feb 2006Posts: 80Location: Plymouth Posted: Sat Dec 09, 2006 8:27 am Post subject: Betting Exchange online tutorial
-------------------------------------------------------------------------------- Kempton 5.50 Sincerely 3rd 7-2 Wolverhampton 1.35 Bold Indian 2nd 10-11 non qualifier Wolverhampton 2.45 Gifted Lass 1st 7-2 Bold Indian did not quite make evens but I left my lay on. also for some reason my lay of Gifted Lass was not matched so I did not lose anything there. This resulted in a profit of £3.80 and the bank now stands at £141.64. Phil will have some work to do when he comes back. One way to speed up returns is to increase the stakes and I think we will add an extra 50p when the bank reaches £150. Selections for Saturday Market Rasen 1.50 Stan Southwell 12.00 Mardi Wolverhampton 4.00 Milson's Point Wolverhampton 4.30 Foreign Language Wolverhampton 5.00 Champagne Shadow cjwigg Joined: 09 Feb 2006Posts: 80Location: Plymouth Posted: Sat Dec 09, 2006 7:27 pm Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- Market Rasen 1.50 Stan 7-4 Pulled Up Southwell 12.00 Mardi 1st 9-4 Wolverhampton 4.00 Milson's Point 1st 3-1 Wolverhampton 4.30 Foreign Language 2nd 10-11 non qualifier Wolverhampton 5.00 Champagne Shadow 3rd 4-1 Strictly speaking this was a losing day but somehow I managed to add £1.04 to the bank giving £142.68. I lost £4.66 on Mardi with matched odds of 3.33, but unmatched on Milson's Point with requested odds of 4.0. This meant I had 3 winners giving £5.70. Am I just lucky? No selections for Sunday - dont't forget you can sign up for free tips at Horse4course-racetips until Xmas.
cjwigg Joined: 09 Feb 2006Posts: 80Location: Plymouth Posted: Mon Dec 11, 2006 8:30 am Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- Just 2 selections for Monday Ayr 12.50 Echo Point Plumpton 2.45 The Hardy Boy Echo Point is likely to remain odds on and I have taken a position of 5.5 for Hardy Boy Regards Chris Joined: 09 Feb 2006Posts: 80Location: Plymouth Posted: Mon Dec 11, 2006 8:53 pm Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- Ayr 12.50 Echo Point non runner Plumpton 2.45 The Hardy Boy won 4-1 My 5.5 was unmatched when I checked back around lunchtime and as the price had widened to around 7 at that point I cancelled the bet. So bank remains the same. There is nothing worse than leaving a bet unmatched until it goes into in-play and then having the bet matched when the outcome is beyond doubt. If you are not going to be around for the off then cancel any unmatched bets. Applies only to win bets as unmatched lay bets are canceled at the off. Selection for Tuesday Sedgefield 3.20 Lina Gram
cjwigg Joined: 09 Feb 2006Posts: 80Location: Plymouth Posted: Wed Dec 13, 2006 8:30 am Post subject: Betting Exchange online tutorial -------------------------------------------------------------------------------- Lina Gram 3rd 11-2 I was unable to lay Lina Gram as I had to get to Somerset early to attend a public enquiry. Somerset CC were trying to evict my scout from her smallholding near Yeovil and I went to lend her my support. We await the verdict but it is an usettling time for her. I will have to conclude this thread at Christmas but at the rate the bank is growing (£142.6 I'll be able to retire on the Betfair profits! Selections for Wednesday Newbury 12.15 Marodima Newbury 2.25 Wild Is The Wind Newbury 3.20 Adoraballa Currently the 1st 2 are above 8.0 - I have requested 6.6 and 6.2 respectively. Adorabella (I adore that name) is 4.9 and I have requested 3.8 and I will check back at lunchtime. Newbury 12.15 Marodima Newbury 2.25 Wild Is The Wind Newbury 3.20 Adoraballa All lost, including the adorable Adorabella. Her price stayed big and I had to accept 5.3 until she shortened nearer the off to around 4. I managed to get the requested odds on the others resulting in a profit of £5.70, so my bank marches on to £148.30 and near the trigger where we can up the stakes. Chris Joined: 09 Feb 2006Posts: 87Location: Plymouth Posted: Wed Dec 13, 2006 5:38 pm Post subject: Betting Exchange online tutorial
Selections for Thursday Catterick 1.50 Stroom Bank (2.54) Exeter 1.10 Out The Black (5.6) Southwell 1.00 Georges Flyer (7.0) Southwell 2.30 Flyingit (1.8 ) Wolverhampton 4.50 Hollywood George (7.2) I have requested at Betfair the odds in brackets. Although I doubt Hollywood George will be matched as the odds currently are 9.8. Regards Chris
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cjwigg Joined: 09 Feb 2006Posts: 87Location: Plymouth Posted: Fri Dec 15, 2006 6:45 am Post subject: Betting Exchange online tutorial
The only winner was Flyingit which cost me £1.60. Georges Flyer went unmatched leaving me a profit of £4.10 and my bank at £152.40. Tis time to up the ante and increase our stakes to £2.50. If I were a betting man I would wager that today will be a losing one! The selections for Friday Ascot 12.55 Barbers Shop (3.0) Ascot 3.40 Nobel (7.6) Uttoxeter 3.30 Iris's Flyer (5.3) Requested odds at Betfair in brackets Regards Chris
Joined: 09 Feb 2006Posts: 87Location: Plymouth Posted: Fri Dec 15, 2006 7:44 pm Post subject: Betting Exchange online tutorial .... and so it proved - it must be a sixth sense bred in to the punter down the years, when a betting day comes and you know in your bones it's going to be a losing one. I think it's all down to the odds, when after a good run you decide on something different (in this case upping the stakes). You could almost catch a glimpse of Lady Luck waiting in the wings - but today she's in a foul mood. Barbers Shop trimmed our wings but the odds were moderate at 1.38, although I was matched early doors at 3.0 giving a loss of £5.0 and the bank down to £147.40. The other 2 selections never came in enough and ended up non qualifiers, though Nobel did well to come 2nd, trading at 40.0 early morning and ending at 8-1 SP. However a storm is quickly past and Saturdays selections look promising. Phil, I'm sure will agree to doubling our stakes after a loss, so we will have £4 (we are under £150 again) on the first. Newbury 12.15 Spare Me Haydock 2.05 Jazz D'Estruval Regards Chris
Joined: 09 Feb 2006Posts: 87Location: Plymouth Posted: Sat Dec 16, 2006 5:38 pm Post subject: Betting Exchange online tutorial
Newbury 12.15 Spare Me 2nd 5-2 Haydock 2.05 Jazz D'Estruval 3rd 6-4 A satisfactory end to the week - doubling our stakes to £4 on Spare Me and £2 on Jazz D'Estruval produced £5.70 and the bank up to £153.10. No selections for Sunday Chris
Joined: 09 Feb 2006Posts: 87Location: Plymouth Posted: Mon Dec 18, 2006 9:33 am Post subject: Betting Exchange online tutorial No selections for Monday Chris
Joined: 09 Feb 2006Posts: 87Location: Plymouth Posted: Mon Dec 18, 2006 9:13 pm Post subject: Betting Exchange online tutorial
You will never believe what I did today! I made a serious error on Betfair and believe me it's not difficult to do if you're in a hurry. I was working on the not unreasonable assumption that Paul Nicholls would bag a winner today at Taunton. He fielded 3 runners: 1.05 The Luder 1.40 Oslot 2.10 Petit Lord My plan was to back each one, increasing the odds each time, until the winner came up. So I kicked off with The Luder, didn't follow the race, but came back to check on Betfair and saw my account showed a win. I thought I would just check Racingpost's Betting site to see how the race panned out only to discover that The Luder was nowhere and Il Duce had won. Musht be some mishtake (no actually I hadn't been drinking) and on returning to my Betfair account discovered that I had actually hit the lay button in error. Phew! This one turned out in my favour but imagine how I would feel if The Luder had won. Anyway, as I had now made my profit (albeit a reduced one) I decided against continuing my plan and consequently forfeited the win on Oslot! Doh! It's amazing how the ups and downs of a day's punting influence your decisions for better or for worse (and usually for worse) - The Psycholgy of Punting - now there's a fine title for a book. Enough of these musings; "up, up and on,on" : quoth he. Betting Exchange online tutorial Lay selection for Tuesday (NB price in the range evens to 13-2) Southwell 2.15 Show Business Hi Phil, good to have you back. Yes things have been going well.Couple of tricky ones today Wednesday's selections Lingfield 12.00 Tembladora (6.2) Lingfield 2.00 Danehillsundance (5.0) Prices in brackets as requested on Betfair Chris_________________ Phil Joined: 26 Sep 2006Posts: 15
PostPosted: Wed Dec 20, 2006 8:56 am Post subject: Betting Exchange online tutorial Reply with quote Hi Chris,I had a substantial bet on laying Crewe yesterday in the Tranmere v Crewe game and logged on today to hopefully find my bet voided as the match was cancelled due to fog. What I did not realise was that under betfair rules if this happends you have to wait 3 days to see if the match is replayed in this time period before you can get your stake back. Quite frustrating really not much happening on betfair at the moment will have a look a bit nearer the off Last edited by Phil on Thu Dec 21, 2006 8:50 am; edited 1 time in total Phil Joined: 26 Sep 2006Posts: 15
PostPosted: Wed Dec 20, 2006 2:49 pm Post subject: Betting Exchange online tutorial Reply with quote Lingfield 12.00 Tembladora could not get on as odds greater than 6.5 Lingfield 2.00 Danehillsundance got on at 4.1 loss £6.20Bank drops to £115.12Lets hope for better things on Thursday Joined: 09 Feb 2006Posts: 91Location: Plymouth PostPosted: Thu Dec 21, 2006 8:17 am Post subject: Betting Exchange online tutorial Reply with quote Edit/Delete this post I also got caught with Danehillsundancer and as I had increased stakes to £2.50 the loss was £8 reducing my bank to £145.10. So it is a bit like snakes and ladders at the moment. Plenty of fodder today Exeter 12.50 Farmers Lad (5.6) Exeter 1.50 New Little Bric odds on Exeter 3.20 Rocky's Girl (3.5) Ludlow 3.10 Tora Petcha (7.6) Ludlow 2.40 Jimmy Tennis (7.6) Ludlow 2.30 Hereford Boy (7.4) Wolverhampton 6.20 Bond Playboy (5.3) Chris
Joined: 26 Sep 2006Posts: 15
PostPosted: Thu Dec 21, 2006 4:05 pm Post subject: So far so good today Reply with quote Exeter 12.50 Farmers Lad (5.6) got on at 5.5 with £4 stake due to yesterdays loser lost returned £3.82 Exeter 1.50 New Little Bric odds on Odds too small to back Exeter 3.20 Rocky's Girl (3.5) got on at 3.2 £4 stake due to yesterdays loser returned 3.82 Ludlow 3.10 Tora Petcha (7.6) Odds above 6.5 Ludlow 2.40 Jimmy Tennis (7.6) odds above 6.5 Ludlow 2.30 Hereford Boy (7.4) odds above 6.5 Wolverhampton 6.20 Bond Playboy (5.3) got on at 5.5 liabilty £9 to a £2 stake as we have now recovered yesterdays lossesBank up to £122.76Many thanksPhil Last edited by Phil on Fri Dec 22, 2006 8:54 am; edited 1 time in total Joined: 09 Feb 2006Posts: 91Location: Plymouth PostPosted: Fri Dec 22, 2006 7:39 am Post subject: Betting Exchange online tutorial Reply with quote Edit/Delete this post Hi Phil, thanks for writing that up I failed to get on Farmers Lad at 5.6 so missed out there. Wolverhampton was abandoned before Bond Playboy could run. NB If a lay bet is unmatched at the off it is lapsed, whereas all unmatched back bets will remain valid in running. Also I forgot to double up after loss so just returned with £1.90 on Rockys Girl. Leaving bank at £147.00. Interestingly Tora Petcha won at 10-1 and Hereford Boy at 8-1 Friday's selections Hereford 2.00 Natoumba Kempton 3.55 Jennverse Lingfield 12.40 Tilapia Lingfield 3.40 Ciccone These are the penultimate selections as I will not be posting after Christmas. However you can continue to get them by signing up for Racexpert at www.horse4course-racetips.com and I will then send you the system free of charge. Alternatively sign up for our tipping service and the system tips are included Phil Joined: 26 Sep 2006Posts: 15
PostPosted: Fri Dec 22, 2006 10:03 am Post subject: Betting Exchange online tutorial Reply with quote Thanks for these Chris, Many thanks Happy Christmas and a prosperous New Year Phil Joined: 09 Feb 2006Posts: 91Location: Plymouth PostPosted: Fri Dec 22, 2006 7:20 pm Post subject: Betting Exchange online tutorial Reply with quote Edit/Delete this post Delete this post Friday's selections Hereford 2.00 Natoumba 20-1 non qualifier Kempton 3.55 Jennverse race abandoned Lingfield 12.40 Tilapia 2nd 9-2 Lingfield 3.40 Ciccone 6th 7-2 Two more wins to end on (no selections for Saturday)giving a profit of £3.80 and final bank at £150.80, demonstrating, with Phil who bravely came along for the ride, that we can make a profit laying on Betfair with care and patience. Happy Christmas and a prosperous New Year Chris
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