My theory beyond matched betting
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Hi all have not posted in a while and have seen the forum collapse due to the lack of offers. My online career is all but over now due to being gubbed in the last week by my last few standing accounts. Anyway people will want to argue this but over the last month I turned a 4K bankroll into 21k by something called each way arbing.
The basic jist of this is to pick races with 8,9 16-20 runners and backing certain horses each way. It always works in fields of 16-20 runners where 4 are paid and works in the 8 or 9 especially when there are 2 or 3 outsiders or an odds on favourite.
For example I put 100 ew on a 12/1 shot on bet365 in a 17 runner race. I am looking to lay at 13 on betfair. Let the lay match and as soon as it has take the 12/1. Current position is your down a max of 5 pounds on bf commission. (Use smarkets if you wish)
Then go on the place markets and lay the horse. The odds on 365 are 3/1 (4) as a 1/4 of the odds. On betfair this should be lower and often trading around 3.3/3.4. This means you can play about with the numbers to make a profit but say i lay 120 @ 3.4 to lose 288 I can make around 12-14 on this part after commission. Therefore I’m around a tenner up before the race regardless of what happens.
As my bankroll got bigger I got better at it by doing multiple horses in races and laying the places 3 mins before the start of the race. people can say what they want about me being 17k up from it but I know I have made this money and the theory works if you are sharp at maths can react quickly to mental calculations and I know a few people on here would be able to do it.
Good luck to those who go for it. I will be spending some time at mates houses over the summer and taking a 50 50 cut for the use of their name.
+2June 22, 2016 at 9:37 pm
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@biscuit1966 I had to go to a meeting so didn’t get round to putting them on. Didn’t want to risk laying without being able to monitor and back out if the odds didn’t go my way
+0Any good wins today??
+0Let’s do a list for potential afternoon races subject to non runners:
York:
3:00
4:15Ascot:
2:10
2:45Newmarket:
4:35
5:10Chester:
2:00
Tipperary:
2.05
2.35
3.10
5:25
5:55+0Thanks for the update beesty, what time scale dovyou use to tackle these? Back and lay at the same time, back and then lay just before the race?
+0I would start looking at 1pm looking to get any back and lays on the win part done. Then 5 mins before the race looking to lay off the place market.
Otherwise I spend all day doing it and at this time of day there is a danger of non runners mucking it up.
Today is a potential 2k day if I was unrestricted. But it’s looking like a 300-400 day if things go well.
+0Newmarket today at 16:35,
Limato 7 back, 7 lay. Then my third stake on the exchange to I lay; each way, to be placed, 4TBP or 5TBP?+0Depends on what you want to do. The to be placed market is top 3. Some sites are offering different places but if you have top 4 then lay the 4tbp placed which needs to be lower than 2.5 to make a profit.
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2k in a day, I’d be happy with twenty quid!!!
+0Cheers beesty. Apart from 365 have you noticed which other bookies tend to offer the better odds
+0They all can as they differ on various horses I just found 365 the best one to do. Sky is ok along with paddy power.
+0Sky have best price on favourites today apparently but place terms are 1/5 rather than 1/4
+0Yeah 1/5 for 5 places in 4:35 race. Fave is 7/7, getting 2.2 for place, trading around 1.8ish on betfair 5 tbp market.
+0Chris are you making money this way? Iv seen beesty showing his winnings, is anyone else?
+0Not tried it yet gregg, today is the day but I’m sticking to Bet365 races only. Using the calculator that was posted on this thread.
+0Ty beesty up over 200 profit today was only doing 50 each way though on bet365 cheers again
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