What is dobbing ?
Well if you look it up in certain dictionaries you get some interesting meanings but the most common is basically telling on someone.
But in the world of betting it is basically a trade on the exchanges a DOB (double or bust).
We as punters are always looking for ways to make successful bets in various forms and this form is a simple way to add profit to our daily betting. As in all types of trading we are basically not interested in the result of the actual race as the idea is to make a profit regardless.
What you have to do is make one back bet and one lay bet to try and win our stake money regardless of the outcome of the race. So lets say you want to win £10, the first thing we do is back our selection to win with £10 @ 8.0, we now have to lay the same selection @ 4.0 for £20, then sit back and watch the trading screen green up for our profit regardless of the outcome. Easy right ?
If only! So what have we actually done.
1. £10 back bet @ 8.0 will give us a profit of £70
2. £20 lay bet @ 4.0 will give us a loss of £60
3. If our selection wins the race both bets are activated and we make a profit of £10
4. £70 – £60 = £10
5. If our selection doesn’t win the race but runs well enough to be in the mix and trades @ 4.0 or lower we still make a profit of £10
6. If our selection runs a stinker and doesn’t manage to get anywhere near the trade of 4.0 or under then we basically lose our £10 staked on the win side of the trade and we Bust.
So in essence if the trade comes off we Double and if it doesn’t we Bust hence DOB. It all sounds nice and easy and we all should be making tons of profit every day.
So how do we know which horse to DOB on ?
There is no hard and fast rule on what type of runner we should be Dobbing on it will basically come down to preference but I will give you a couple of ideas on how to go about choosing your runner.
The first type of runner you can look at is the front runner who manages to get out in front and stay there long enough to get the trade done even if it doesn’t stay on till the end and win.
This is probably the most common type of runner that traders will DOB on because they are out in front and are the first thing that catches the traders eye. Now the only problem with these runners is that unless they can stay out in front for a good proportion of the race you may not actually get the trade done, because for the most part these type are normally well known to the trader so the runner even though out in front may never actually trade low enough for the DOB to work.
The second type of runner we are looking for is the hold up horse that will come charging down the outside catching every traders eye who then start to panic and set their mouse clicking finger into a frenzy either trying to back or lay it off, these are personally my favourite runners to use, for the pure fact that they do catch the eye and more often than not actually fail to take the spoils but make a good enough run to get the trade done.
What we now have to do is find a race and any runners to DOB on, again there are various ways we can do this, there are various sites we can go on to find out if our chosen horse is a front runner, hold up type etc , my preference is GeezGeez and Timeform so I have selected a race from today the day of writing 20th Jan.
I also have a preference to DOB on flat races from 5f to 8f because one, you tend to get runners that do go off all guns blazing and you also get the hold up types who catch the eye when they make their bid for glory and the example below is a 1m class 6 affair from Southwell.
Ok from the image above you have columns with single figures which is the score for the horses previous races ( and when you hover over the number it will tell you how the horse ran the race ) then a column with all those added up to give the score and then the pace %. So what is the above telling me. Well from that I expect Novelist to make the running with Falcon’s Reign to sit handy with the rest probably holding mid division and being held up. What I would then do is open up timeform and have a look at the runners previous trading stats.
As you can see from the above Novalist has traded 3 times from 9 runs at 50% or lower than its BSP so basically 33% of the time. Now for me I would take this into consideration but I would feel a whole lot better if it was above 50%, so we will have a look at Falcon’s Reign’s stats.
Ok Falcons Reign stats show 5 potential DOBS from 9 which is 55% of the time which potentially make this a good DOBBING situation.
The way the race actually panned out was that Novalist did actually take up the running with Falcon’s Reign sitting upsides and with one of the hold up horses With Hindsight coming late to take the spoils and all three traded at least 50% of their respective BSP.
I actually made this DOB on Falcon’s Reign by taking an early price of 6.2 and I actually got the DOB done before the off as it went as low as 3.05 shortly before the off. Which brings me onto when do we make our DOB.
Ideally we want to get an early price and hope that we can get it done before the off, but as you know depending on your stake size that isn’t always possible with the betting exchanges due to liquidity, so what I tend to do is put my back trade in the night before and come back to it the next day to see if it has been matched or not. If it has happy days if not I will go with what has actually been matched and go from there.
The other way is to actually put your back bet in as close to the off as possible and have you lay side of the trade ready to go at the off, obviously doing it this way you need to be sat in front of the old computer and be pretty nifty with the mouse.
To that end DOBBING is a very useful weapon to use in making profit as in reality if you choose your DOBS wisely even making one a day can give you a healthy profit over the year. I use it as part of my betting portfolio maybe you should to?
Any questions please feel free to ask.
All The Best,