My theory beyond matched betting

I agree beaser, I’m getting more and more disillusioned with oddsmonkey. to be honest I find it much easier to open up oddschecker in one tab, an exchange in another and my spreadsheet and just manually compare each horse. I’ve also noticed their software has slowed down a bit, where it used to be almost live, the odds now seem to be about 3 minutes out of date. that doesn’t seem like much, but its an eternity when you’re ten minutes from the off.
If I wasn’t paying the original price I think I’d drop oddsmonkey all together, especially now they are putting the price up again.

If I remember correctly Beesty was making most of his profits from B365. He started off with fairly small bets but as his profits grew he increased then, and ended up making bets of several hundred pounds at a time. I think he said he was amazed he got away with it for as long as he did, I imagine he was probably very lucky. Most of us would have been restricted long before he was.

Like others have said, when I looked into it, if there was an arb on the place part, you were loosing on the win part. It was not that difficult to end up around B/E on your E/W bet, or a small profit or loss, but I didn’t come across huge arbs. I also found that you had to be extremely quick with your thoughts and actions.

By the time I had plugged in the numbers into my calculator to see if it was worth doing the odds would have changed. If you can do this stuff in your head (I cant) then that would be a big advantage.

I also seem to remember that Beesty was not laying off both bets at the same time. I think he would often have to wait until very close to the off to lay off with win part, this of course is not without risk, so not for the fain hearted.

I so agree with Beaser and others on here about the difficulty of making a useful profit using the each way matcher on Oddsmonkey and other devices. The market is efficient and when you divide the profit if there is one by the time taken surely you must be running at a loss.
Whilst I have the floor can I take a swipe at the Casino offers put out by the commercial products i.e. Oddsmonkey and other subscription services. I know they have to fill space and report offers from Bookmakers / Casinos but come on who in there right mind is going to put through £50 (to earn that £50 how many hours do you have to work to earn that £50 after tax?) on a slot maqchine to get a £5 bonus?
I treat this as a hobby so my the way I do it is as follows. I have accounts with PP, Ladbrokes, Sky , Coral, WH , Betfred. Why because I know they will pay out , no hassle.
As I say Im retired and it is a hobby. Some one said earlier , its the early bird that catches the worm. Im up at 6.a.m. cup of coffee, computer on , make a note of Racing Post favorites. Which of the above bookies has the best price off Oddsmatcher from my above bookies the major players, I then back it for a £100 win, lay it off on Betfair as they have the most liquidity. It is rare that one of the horses doesn`t win. If they all lose okay I will make a small loss on the day which is far outweighed when as yesterday for example it went very much in my favour.
I backed Glitter girl at 9/4 (3.25) for a £100 win and layed it at 3.90 for a potential loss of £19.82, so I am always in a negative state.
Glitter Girl won as you know but was returned at 9/2 F (5.5) giving me a massive profit on just that one race. The secret is the BOG prices , sometimes it is much less than this profit wise but do not expect to earn a living from betting because you won`t treat it like a hobby and enjoy the proceeds when things go right.
I withdraw money for small luxuries but I always have a betting bank entirely separate from my household money and look on it in the same way as if I had bought shares in a company, the company shares go up and down but the eventual idea is to make an overall profit.
Rotate your bets around the BOG bookmakers if possible nobody likes a winner all the time. Experiment with other markets like tennis outright competitions, Football Premiership outright, its a hobby when you start to depend on that winning fix its time to stop.

Yes agreed but keep moving the money around, they like a loser, and also be prepared to go into a shop as soon as it opens if you are gubbed , I have the time unlike a lot of people, also a forgotten thought (age) the big meetings are best for price movement.
Some time ago there was an Australian software programme that covered all the runners in a race making a few pounds here and there based on bog bookmakers, it worked but cost so much it would have taken you years to get your cost of programme back, I think it was called, “All by the book” using 8 runner races or less.

hey supert,
racebets, winner and vernons are all going 1/4 in the st leger. Odds not as good as 365 but you might find something

Thanks for sharing supert, deathstar and MbPunter after one or two problems this site really is good once again.

Thanks for taking the time to post beesty. Glad its going well for you.

Massive thanks to Beesty, and everyone that has had the balls to have a go at this. This forum contains most thing you need to know on this once you have read through it a few times. I am looking at possible races today. Just seeing if I am on the right lines with my choices:
13:55 Ffos – 10 runners, 3 places at 1/5 odds. Three favouries, priced at 1.80, 3.50 and 5.0. Then the rest of field is 11, 17 x 2, 26 and 51 x 2. Not much liquidity in the back market atm but place markets work out even already.
15:15 Bath – 17 runners, 4 places at 1/4 odds Won’t list all prices but a few favourites, 8 horses with odds of 15 +. Vincentti is 10 on WH and the same to lay on Betfair. Back places odds at 3.25 and to lay place is 2.98. Def one to watch closer to the off.

My selections are from William Hill, the main one I’m gubbed from after hammering their accas last season.