How about trading like this
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Friends at work do the following…
Research a horse that will have a good chance(chris you should be good at this) then at betfair.
Back £10, 5 mins before race at lets say 5.0
then lay – doubleyour back stake (£20) at half so 2.5 but click keep so at in play will match it if horse is doing well.
they currently hit maybe 8 out of 10,and half of these don’t win just have to race near the front to get a match.
worse case you lose £10 but at current stakes mentioned above make £10 a race.
You could try yourselves with a £5 back stake and see how you go?
If all us horse racing tipsters join forces we may have an excellent strike rate.
+0May 1, 2016 at 5:07 pm
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New to matched betting?
My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
Also known as dobbing. Sounds easy doesn’t it? Must be the Holy Grail.
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yep dobbing Nick but trying to explain for everyone here.
Have you anything to input on this forum ever.. seems you just post your usual winding up bulls**t. Waiting for a great post from you with a great offer….no wait you have never created a topic – waste of space!
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It’s just gambling. Stop calling it trading.
+0Thanks for posting this kjillman it’s food for thought, have you looked into perhaps reducing the lay odds but not to half your back odds and how this would impact on your results. I’m guessing this would mean your more likely to get a match on your lay but obviously you wont make as much profit.
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Dobbing it’s called, if you know the front runner it can work.
+0kjillman, thanks for sharing this. Something I was previously unaware of. As discussed by others on separate threads, I too have been struggling with making regular profits from horse racing due to lack of decent offers. Dobbing is something I am going to read into today and maybe put a couple of trial bets on them. On the face of it there is an element of gambling to it and more risky than MB but something worth looking at. Have you tried this yet or just something your friends have tried?
+0It’s just evens? Just put your money on any 2.0 odds and you have the same chance of winning (or losing) your bet.
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Hehe, this does sound more like gambling unless I am missing something?
I suppose all trading is gambling, just with varying levels of information and knowledge.
Not sure when it ceases to be ‘gambling’ and becomes ‘trading’ though.
It’s an interesting strategy. Good luck and let us know how it works out for you…
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https://www.patternform.co.uk/dobbing.htm
Interesting read…I think for everyone jumping on the it’s just gambling bang wagon is being a little unfair…it may well be, but that doesn’t mean with the right knowledge you can’t make a lot of money from it
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There are infinite strategies which you can employ… It’s all about finding ones which are profitable in the long-term. My input for this thread is: don’t go about this with a few “trial” bets. You need a sample size of 1000s of bets – obviously if your strategy doesn’t have an edge, you will cost yourself plenty of money if you blindly go into attempting something, so try to obtain data and then backtest.
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I for one know nothing about horses so wouldn’t attempt this as I would just be picking horses a random which no doubt i’d lose money.
+0RyanB, but what about if you could get data for each horse in a particular race that would show say for the last half dozen races how often each horses’ odds had halved when the betting had gone in play. That would be useful data for this strategy I would think. I however don’t know the answers to the following questions but hopefully someone reading this post will.
a) Is it possible to get this kind of data?
b) From where does one get it?
c) If its not free, how much is one likely to have to pay for it?+0
a) Yes.
b) Betfair have downloadable data (it’s free). Other options include paid services and collecting data yourself using an API.
c) As above.+0
You done this then Mark?
+0Wow thanks for the prompt reply Mark, I am just wondering where the catch is though as it seems to be too simple. Perhaps its not very easy to find horses that often have their odds halved once in play.
I believe there are inefficiencies that can be exploited in any form of market, but they usually don’t last for very long, and any system that becomes common knowledge cant really prove profitable over the long term unless one adapts it in some way.
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