HORSES…. how are people getting back and lay odds so tight ?

  • Hi… just started branching out on my own after being ‘guided’ by a friend…. I am doing the Coral and Sky qualifying bets to claim the £5 free bets etc and have started to get into the horse racing to try and make a bit extra. I follow the blog guide but am finding it nearly impossible to get the odds tight enough or anywhere near Matts blog guide to minimise my qualifying losses (for say free bet if 2nd or 3rd etc). Ive left it with seconds to go till the race even and by time ive done the calculations for laying the odds on Smarkets, they move away from what i want.

    Are people just backing at say 4.5 and then setting their own on Smarkets in advance (say 4.8 etc) because how are you supposed to do several offers in the last couple of seconds ?……

    I set my own on Smarkets last night with a Free £10 Champions League bet and the price must of moved in that very minute so it didnt Match…the market was HALTED so it didnt lay and i lost any chance of extracting the profit from the free bet ;-( ….

    ANY GUIDANCE WOULD BE MUCH APPRECIATED GUYS….

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    deathstar 25

    To be honest, it just comes with practice, and being in the right place at the right time.
    You can look at oddsmonkeys matcher, but i think there is a delay if you are not a member. Also look at oddschecker, they are fairly up to date and with them you can see how the market is moving. I use these and its very useful because they colour the horses that are coming in blue and the odds that are drifting pink so you can see the direction of travel of a particular horse, and so can make a reasonable decision as to whether to lay now or wait if you think it will drop. you can also see what the other bookies are offering so can compare if you are getting a fair price.
    You can lay and hope it will get matched, but with horses there is a risk that the odds will suddenly fly out and be miles off the back odds with minutes to go. (usually this is when the horses come out to get paraded before the off and someone notices its got a limp or is generally not up for it). you can also get a horse that steams in as well though, but thats less common.

    Sky have notoriously poor odds for horses especially for races with offers so its not a surprise to see you are struggling. As for footie, the markets don’t usually change very quickly, so something happened (like kick off, or the teams were announced, or a big player pulled out injured)

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    Steveyt67 1

    Cheers Deathstar… (first chance ive had to reply so sorry for late reply)…. i am making some silly mistakes at the moment but can see the potential down the line of good money to be had. My friend swears by the Sky free bet if 2nd or 3rd offer…. whereas i am not putting the bet on because i believe its costing me too much money… he said you would be surprised how often it does come in (law of averages and all that.).

    Not sure if to just start by getting some money in by the sign up offers at the moment….. do get a bit confused by the T’s and C’s though….. can i just ask… in the instance of Bwin, if it says “Rollover your deposit and Bonus 5 times at odds of 1.70 or above”…. if the bonus and my deposit is £40…. i obviously have to bet through £200 BUT… say i ‘win’ £50 on a bet (the money doesnt go to Smarkets) ..do i now have to get rid of that £50 too so total to bet through is now £250 (£200 initial rollover PLUS the £50 won)

    Sorry if that seems a bit dumb but its a grey area for me …. thanks in advance

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    deathstar 25

    if the bookie says the rollover is x5, then that’s what it is. The rollover is based on the DEPOSIT, not the amount of winnings, so you would use that £50 to start rolling over until its complete or your bets lose and the money goes to the exchange. Remember, if you get down to £0 the rollover is finished. In effect, winning is already the worst case scenario. they won’t add more because you win. but remember that if you bet does win, then you will have to do the rollover, and seeing as the bet won you will have the money in the bookie to do the rollover.
    Make absolutely sure you have enough money in your exchange to lay all the bets you’ll have to make if everything wins. I wrote a guide a while ago which explains that better(!)

    https://matchedbettingblog.com/topic/a-guide-to-rollovers-playthroughs-wagering-etc/

    As for sky, they do have good offers, and I used to do their 2nd or 3rd every time it was on until I was gubbed, but you will notice that their odds are crap. so you might be looking at losing £2-£4 on a qualifying bet on the chance of getting £20+ out of the free bet. depends how confident you are with horses I guess.
    Top Tip – find some other bookies who do the same offer (eg paddy or Ladbrokes, or someone who does 2nd to SP offers) and back several horses in the same race to maximise your chances of getting the 2nd horse. (In all the years of doing these, I managed to get 2nd to SP with one bookie and 3rd with sky a couple of times so its a nice £45+ bonus when you play it right)

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    Steveyt67 1

    Thanks again deathstar.

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