This week I’m going to show you a way of using several bookmakers that allow you to gain a massive edge. This works particularly well on Saturdays.
There are a lot of concessions available with various bookies nowadays and we can use this to our advantage. I will use an example for today.
The 17:00 Hamilton sees two leading bookmakers offering concessions today. Bet365 will give you a free bet on their next feature race should you back a horse at 4/1 or higher. Paddy Power are offering a concession in the same race but you get your stake returned should your selected horse come second or third. We can use both bookmakers here to give us that all important edge in the market.
I recommend placing your bets in the 10 minutes before post time. This will allow the market to come in line more closely with Betfair.
By going through the form and selecting the horse we fancy we can then split our stake between the two bookmakers. Let’s assume that we want £100 on Layla’s Hero that looks to be in with a good shout in the 17:00 Hamilton. We place £50 with Bet365 as a win only bet and place the remaining £50 with Paddy Power as a win only bet. We now have £100 staked. In the 10 minutes before post time the prices will be the same as they are following the on course market so this will be easier for us to get the same odds.
Once the bet has been placed we can go over to Betfair and we now have two choices. We can lay the full stake off or a percentage of it. This depends on two things. You want to gamble and can afford to lose the stake left exposed or you want to put yourself in a risk free situation but of course potentially not win as much.
I personally, as a trader use the risk free method (you will make a minimal loss on the qualifying trade but in the long run will return an overall profit.)
Let’s assume that we take 5/1 about Layla’s Hero with both Bet365 and Paddy Power. Heading over to Betfair where the market is now tight we can place a £100.84p lay bet (you will need to use a special calculator) on Layla’s Hero getting it matched at 6.00. (this takes a bit of skill to get the exact same odds and sometimes you will need to take slightly higher odds)
What happens now is that our liability on Betfair is £504.20 should the horse win. However we of course win £500 between the two bookmakers plus with Bet365 we get a free bet. We can then trade this free bet out to secure an overall profit. However should the horse only manage second or third then we return £95.80p in our Betfair account but we now have a free bet with Paddy Power that we can then trade out to secure our overall profit. If the horse doesn’t manage to place at all then overall we have lost just over £4.00.
Now what’s the point to all this. The point is that by trading like this we are gaining massive value. Layla’s Hero is a 5/1 shot. By trading the way we have we have risked a total of £4.00. Either free bet that we can secure from Bet365 or Paddy Power is worth roughly £40.00 once we’ve traded this out. That means that a horse that is worth 5/1 in the market we now have odds of 9/1 about them.
As long as you stick to this type of trading you will mathematically make a profit. You’ve almost doubled the odds!
I’ll let you get your heads around that and if you want another method plus two calculators that work out your stakes for you then why not grab a copy of my Bet 500 system that helps you to make a profit by trading like this.
I’ll be back next week with more ideas on how you can secure more profit and trading your way to success.