Matched betting - who's done it and who's good at it? (No Referrals)

Outcast440 · 6 Oct 2020 at 07:46

200sols said:
Poster above is right, you are just a troll.

That's hardly an argument.

200sols · 6 Oct 2020 at 07:49

Outcast440 said:
That's hardly an argument.

Its not an argument, its a statement of fact. Or you are just incredibly dense.

Outcast440 · 6 Oct 2020 at 08:09

ok, so how much do you gain each month from your horse coming second, using this system?

Diddums · 6 Oct 2020 at 08:14

200sols said:
Its not an argument, its a statement of fact. Or you are just incredibly dense.

Clearly the latter, he's been in here for over a week now and still can't grasp the most basic concepts. Or maths.

200sols · 6 Oct 2020 at 08:27

Outcast440 said:
ok, so how much do you gain each month from your horse coming second, using this system?

£3-400 on money back second. Usually a mix of the £10 and £20 back offer. Sometimes you hit a best odds guaranteed bonus as well if your horse wins. Also you will never beat the bookie just mug betting and hoping for a win..

Simon · 6 Oct 2020 at 09:26

Outcast440 said:
If you buy a Racing Post and study the form etc.. you can easily get far more winners than 1 in 50.

Just hoping for it to come second, for a stake return, is NO gain.

You gain £10 as you laid it. Usually with WH you can get minimal loss. I usually just lay £10.2 anyway so you lose a bit if the horse wins, make £10 if second and no loss or gain any other result.

This is known as +EV

the extra place is the same. Prob £2 qual loss each one but when it lands you are £40-£50up.

Street · 6 Oct 2020 at 09:46

Outcast440 said:
Are you saying that you back and lay the winner, then hope it comes second?

How the heck does that pay out, unless every time you miraculously get exactly the same odds for back and lay

You back and lay a horse and hope it comes second. Aim for a close match and this will cost peanuts. If you cover enough races and pick the horses well you can hit quite a few second places. You then get say a £10 free bet from the bookie as your horse hit a second place which you can use to lock in for £8 guaranteed profit.

Simon · 6 Oct 2020 at 09:53

£10 cash back with WH, no need to mess about with a free.

Outcast440 · 6 Oct 2020 at 10:35

Simon said:
You gain £10 as you laid it. Usually with WH you can get minimal loss. I usually just lay £10.2 anyway so you lose a bit if the horse wins, make £10 if second and no loss or gain any other result.

This is known as +EV

the extra place is the same. Prob £2 qual loss each one but when it lands you are £40-£50up.

Surely if you've layed the win, and it comes 5th, then there's a comission loss to account for from that £10 gain.
That will add up if you do it 50 times a month, and get hardly any seconds.

Outcast440 · 6 Oct 2020 at 10:38

Street said:
You back and lay a horse and hope it comes second. Aim for a close match and this will cost peanuts. If you cover enough races and pick the horses well you can hit quite a few second places. You then get say a £10 free bet from the bookie as your horse hit a second place which you can use to lock in for £8 guaranteed profit.

ok, but realistically how many times can you do this per month, per bookmaker?

200sols · 6 Oct 2020 at 10:40

WH have one race meeting per day. Typically 7 or 8 races per day.

Simon · 6 Oct 2020 at 10:42

Outcast440 said:
Surely if you've layed the win, and it comes 5th, then there's a comission loss to account for from that £10 gain.
That will add up if you do it 50 times a month, and get hardly any seconds.

What gain ? I just said you lay £10.20. That covers commission

Outcast440 · 6 Oct 2020 at 10:43

Simon said:
£10 cash back with WH, no need to mess about with a free.

Right, so we're talking about money back here for second, which is exactly what you get from a regular ew bet at 5/1+

A gain for coming second, but a slight loss for any other finishing position.

Can you realistically predict a horse to come exactly second?

200sols · 6 Oct 2020 at 10:43

Trololllolol

Simon · 6 Oct 2020 at 10:44

Outcast440 said:
Right, so we're talking about money back here for second, which is exactly what you get from a regular ew bet at 5/1+

A gain for coming second, but a slight loss for any other finishing position.

Can you realistically predict a horse to come exactly second?

I just said there is no loss. Can’t you read man ?

Outcast440 · 6 Oct 2020 at 10:44

Simon said:
What gain ? I just said you lay £10.20. That covers commission

The commission that you are charged on the £10.20 lay win.

Simon · 6 Oct 2020 at 10:45

Outcast440 said:
Right, so we're talking about money back here for second, which is exactly what you get from a regular ew bet at 5/1+

A gain for coming second, but a slight loss for any other finishing position.

Can you realistically predict a horse to come exactly second?

Can you realistic predict a horse coming first with your racing post

200sols · 6 Oct 2020 at 10:45

Outcast440 said:
The commission that you are charged on the £10.20 lay win.

Its 2%. 20p...

Simon · 6 Oct 2020 at 10:46

Outcast440 said:
The commission that you are charged on the £10.20 lay win.

2% man! So that leaves you with £10 at the exchange. After losing £10 at the bookie.

Outcast440 · 6 Oct 2020 at 10:46

Because, unless you can get say 10.0 for back, and 10.0 for lay, then this will factor in to loss.