Trading on the betting exchanges.

flukey luke · Nov 03, 08:22 PM 2010

Twister, I compile my own ratings first and foremost. On saying that, I do have contacts in the sport and I also know a few guys that work in the trading rooms at one of the major bookmakers. This has it's advantages. If one of my contacts tells me something is fancied, I can check around to see if the 'right' people are putting money down.
On saying all that, it is all about opinions. The secret as always is to be right a bit more than your wrong and make a profit. There are no instant riches to be had.
The horse I tipped up today got well backed in the afternoon into 8/1 on course before drifting back out to 9's. Unfortunately it lost and that leaves me at -2 points for the month now.

As an aside and this will not be my tip tomorrow (I will never tip up an odds on shot), I have had some information for a horse running in the 3.50 at haydock tomorrow called 'lively baron' They are 8 runners in the race, but I think the best I can hope for is a shade of odds on. I will be having a lumpy bet on myself because the guy who told me is a pretty shrewd judge and very rarely comes away empty handed when the money is down.

Sometimes I can get an early price for a horse the night before and back it with Paddy Power or Bet365. If the horse gets smashed of the boards, then I can lay it back and guarantee a profit either way, win or lose.

esoito · Nov 03, 10:35 PM 2010

For those interested in a program to:

* get bets on instantly so as to lock in the price

* run dutch books (backing or laying)

* trade with greening

then Bet-IE ( "Betty" to her multitude of worshippers, including little moi) is worth your consideration.

It's been around quite a while.

Does what it says on the tin.

The one-off purchase includes all future updates.

And support is resonsive, timely and helpful.

I bought it about 4 years ago and would never use BF without it.

[Disclaimers: I am not the owner. I do not sell it. The owner is not a relative. I am not married to the owner.]

malcop · Nov 04, 03:36 AM 2010

Quote from: esoito on Nov 03, 10:35 PM 2010
For those interested in a program to:

* get bets on instantly so as to lock in the price

* run dutch books (backing or laying)

* trade with greening

then Bet-IE ( "Betty" to her multitude of worshippers, including little moi) is worth your consideration.

It's been around quite a while.

Does what it says on the tin.

The one-off purchase includes all future updates.

And support is resonsive, timely and helpful.

I bought it about 4 years ago and would never use BF without it.

[Disclaimers: I am not the owner. I do not sell it. The owner is not a relative. I am not married to the owner.]I have Bet-IE and a few other from the program creators and can fully agree with esoito well worth the price.

flukey luke · Nov 04, 06:48 AM 2010

Bet number 3.

2.40 haydock. laredo sound (back to win) It is 8.0 - 7/1 at the moment. I expect this one to shorten up a bit before the start.

The horse I got a mention for 'lively baron' is 4/9. Not really my sort of price. Will hold off and hope for maybe around 8/11 at the opening show (fingers crossed)

Twisteruk · Nov 04, 07:07 AM 2010

Quote from: flukey luke on Nov 04, 06:48 AM 2010
Bet number 3.

2.40 haydock. laredo sound (back to win) It is 8.0 - 7/1 at the moment. I expect this one to shorten up a bit before the start.

The horse I got a mention for 'lively baron' is 4/9. Not really my sort of price. Will hold off and hope for maybe around 8/11 at the opening show (fingers crossed)

Wow thats a brave bet,imo.

I would want 16/1 before touching that lol

Good luck with gettin 8/11 too

My fingers will be crossed for you

flukey luke · Nov 04, 07:13 AM 2010

The money is coming for laredo sound as we speak, a lot of badly handicapped horses in the race and think this may be the day for my one.
I doubt very much I will get 8/11 for 'lively baron'

I may have a nifty on at 4/6 if I can get it.

flukey luke · Nov 04, 08:29 AM 2010

It's all happening today

I am going to post up my first 'lay of the day' today as well.
Remember, laying is backing a horse to lose. You can only do this with a betfair trading account. Basically, if you have an opinion that a horse will lose, someone who thinks it will win will back against you. In my opinion it is slightly easier to find losers than winners. I say this because I lay horses that are strong in the market (ie. favourites) any mug can say a 20/1 shot will lose.

You will get away with it and then one day the 20/1 beast wins and all your profits are gone.

Lay of the day.
3.40 lingfield. papageno. (lay to lose) It is a 2.0 or 1/1 shot at the moment. I can't have it and will be laying it accordingly.

Twisteruk · Nov 04, 11:42 AM 2010

Quote from: Twisteruk on Nov 04, 07:07 AM 2010

Wow that's a brave bet,in my opinion.

I would want 16/1 before touching that LoL

Good luck with gettin 8/11 too My fingers will be crossed for you

Came last. Maybe it broke a blood vessel ?

Twisteruk · Nov 04, 11:43 AM 2010

Quote from: flukey luke on Nov 04, 08:29 AM 2010
It's all happening today
I am going to post up my first 'lay of the day' today as well.
Remember, laying is backing a horse to lose. You can only do this with a betfair trading account. Basically, if you have an opinion that a horse will lose, someone who thinks it will win will back against you. In my opinion it is slightly easier to find losers than winners. I say this because I lay horses that are strong in the market (ie. favourites) any mug can say a 20/1 shot will lose. You will get away with it and then one day the 20/1 beast wins and all your profits are gone.
Lay of the day.
3.40 lingfield. papageno. (lay to lose) It is a 2.0 or 1/1 shot at the moment. I can't have it and will be laying it accordingly.

Nice Lay

flukey luke · Nov 04, 01:01 PM 2010

A bit of a mixed day.
The win bet laredo sound losing.
The tip on lively baron winning.
The lay bet winning (which means it lost as I expected)
I never backed the tip, the price ended up at 2/7. 4/9 was the best price I could have had.
Laredo sound was travelling well and just seemed to blow up.
I was happy with the lay, it never really looked like winning.
I will keep seperate figures for the 3 different types of bets.
My personal win bets.
Tips (information).
My personal Lays.

Blood Angel · Nov 05, 03:00 AM 2010

Hi
I just wanted to say how much I am enjoying this thread.
I am not posting or commenting because the horses are newish to me....so thank you for the good reading

flukey luke · Nov 05, 07:10 AM 2010

Thank you Blood Angel, It's good to know a few people are following with interest.
I was thinking of putting up a kind of blog/diary on a thread where I share my daily experiences. I could share some of the methods I use and explain a bit more on how to look for value selections.

Bet number 4.
4.10 hexham. Gavroche Gaugain. (back to win) it is 6.0 - 5/1 at the moment with most major firms. I think this one could go clear favourite before the race and the price will probably shorten.
Anyway, good luck if anybody plays.

Twisteruk · Nov 05, 09:23 AM 2010

Quote from: flukey luke on Nov 05, 07:10 AM 2010

Bet number 4.
4.10 hexham. Gavroche Gaugain. (back to win) it is 6.0 - 5/1 at the moment with most major firms. I think this one could go clear favourite before the race and the price will probably shorten.
Anyway, good luck if anybody plays.

A 2m Hanicap Chase (5) on Heavy Going

Wow you is a brave boy !

I think No10 Janal Each Way at 10/1 is the value

Good luck to whoever plays in that race !!!

Twisteruk · Nov 05, 12:16 PM 2010

Quote from: Twisteruk on Nov 05, 09:23 AM 2010

A 2m Hanicap Chase (5) on Heavy Going

Wow you is a brave boy !

I think No10 Janal Each Way at 10/1 is the value

Good luck to whoever plays in that race !!!

Get In Janal 10/1 Winner !

flukey luke · Nov 05, 12:37 PM 2010

Well done Twister

I had a saver on your tip, so not all bad. Janal ran a good race making most of the running.
I will need to pull my finger out to keep up with you.

News:

Trading on the betting exchanges.

esoito