Pricewise and trading
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A short time back, I started backing the pricewise selections from the Racing Post early in the morning and laying them at the exchanges for a small profit. I only used gubbed accounts because I didn’t want too loose my healthy ones.
I made a bit of money doing this, but very quickly got restricted, however I am wondering if there is any profit to be made trading these selections first thing in the morning on the exchanges. I don’t know much about trading so if anyone has tried trading the pricewise selections it would be good to hear how you got on.
I have a couple of questions.
1. Is it worth doing, and what are the potential pitfalls.
2. How exactly do you go about trading these selections.
+0July 28, 2016 at 10:22 am
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I was just thinking of pricewise this morning. I got a few good qualifying bets on the Channel 4/1+ races this morning between 8:30 and 8:45, couldn’t believe that B365 weren’t dropping their prices as the exchange dropped. But I guessed they were price wise tips.
Anyway I found this interesting article that I hope I am allowed to share:
https://tipstertables.com/betting-strategy/pricewise-early-price-horse-racing-system
One thing there that might help you Dave is that you should still be able to get your backs on in store if you have run out of online options.
+0Thanks for the link Foggy, the shops are going to be my last refuge when all my accounts have gone (live in rural location so fair bit of traveling involved to find many shops).
Have you got any idea how some people seem to make money on the exchanges, trading the price wise selections. If I could understand how this could be done, then I wouldn’t have to risk loosing any more on line accounts.
+0I’m guessing whilst the pricewise selections are on offer at the bookies. The prices will be held up on the exchanges by arbers. Once the bookies slash their prices then the exchange price ‘should’ revert back as the day goes on or pre off.
So backing on the exchange and laying further down the line will likely be profitable. (Obviously will be exceptions to the rule).Similar tale with some betfred boosts.
+0I was wondering if it might be something like that MbPunter, but it sounds like a fairly simple way to make money, but nothing tends to be that simple does it. Its probably the case that there are quite a few exceptions to the rule, hence why it is not that easy.
If I get a chance tomorrow I will try and watch what happens to the selections on the exchanges.
+0Hi, I looked at this a couple of years ago and to be honest you are doing well getting profit on this if backing/laying it early morning. the selections are usually available from around 8pm on the Friday evening (for sat selections). there use to be some bloke who used to tweet them as soon as they come out. ( I will see if can find out if still does this), as I think you will get bit more value if back then but I wouldn’t be surprised if bookies get the info before its common knowledge now!
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Dave, by doing it on the exchange that way I can imagine a few of reason as to why it wouldn’t be as profitable as backing at the bookie and laying at the exchange.
1. The exchange prices will be lower than the bookie. That’s the whole point. That ppl get arbitrage opps with them.
2. The exchange you have to pay commission on your wins.
3. No such thing as BOG either, although probably rare that a price wise tip actually goes off at higher odds than early prices.
I would look at your profits you were making from backing at bookie and laying at exchange and see how much margin there is there considering lower prices and commission that you have now by backing at exchange and laying at exchange..
Also to mention it takes the guarantee of profit out of it as you assume the prices are going to go down, but can’t know.
I would brace yourself for the possibility that you have whipped this pony almost to death and there is no more miles left in it. Hope is one of the biggest traps a gambler faces. Or wanting to see something that doesn’t exist any more.
Anyway. Good luck. But be careful, as the opportunities dry up for me I find myself getting frighteningly more reckless. I don’t mean to be negative but sometimes because we do what we do we almost forget the possibility that you can still lose at gambling! And all the dangers that go with that.
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Dave. I have recently put together a little piece of java code that automatically connects to smarkets and can read the prices. It’s not very elegant or efficient as I’m not a java programmer but it kinda works and helps me spot matches for the races I want.
If you share the pricewise tips for tomorrow I can plug the urls in and I can record the prices every five minutes and maybe plot the trend?
I don’t know where to get the price wise tips. I think you have to be registered for something. Are they out already for tomorrow?
+0I think you can get them if you subscribe to the racing post (I don’t) but I often buy it fairly early, someone often posts the selections over on the MSE site just after 7 if memory serves correctly.
I think your probably correct in your thoughts on all this Foggy, if there was good money to be made on this using the exchange then market efficiencies would have operated by now and taken most of the profit away.
Probably back to the drawing board and try and think of something else, I eventually see myself learning how to sharb, but still got a lot more on line bookies to use up before I have to go down that route.
When I started matchbetting beginning of this year, the plan was (and more or less stuck to it), was not to open loads of accounts just for the sign up bonuses. Instead I decided to open a few of the better ones, and learn how to do various offers with them. Then as I lost some of those boookies then open new ones and again not just for the offers but also for the on going rewards.
Unfortunately my timing has been a bit off. if I had done this say a year earlier then I think it would have gone better, some of the bookies (paddies, coral, laddies, betfair) gubbed me much quicker than I think would have happened a while back.
I guess I can’t really complain I have made decent money, and should mke a fair bit more before I might have to look at sharbing or something totally different. Fortunately I don’t need any of this money for bill paying, its just for extras and for a bit of fun.
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So anyone know the pricewise selections this morning?
+0I didn’t notice until this morning, but the following were posted up last night. The current lay price is actually last nights price (around 8:30 pm).
2.35 – Promising Run 10 at bet365/Betfred/Tote/Befair (current lay 9.4)
3.10 – Donncha 12 at Coral/Hills (current lay 11)
3.45 – Take Cover 15 at bet365/Betfair/Ladbrokes (current lay 13.5)
3.45 – Goken 15 at bet365/Coral/Ladbrokes/188bet (current lay 13.5)
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From what I see and now my script only checks every 5 minutes.. If you are actively monitoring you might be able to take advantage of momentary rises and falls. But it doesn’t look altogether promising.
You could have backed Promising Run on Smarkets @ 9.4 at 8:33am and lay is now 8.8.. So you could have made something like £5 by backing and laying with a £100 stake.
You could have backed Donncha @ 12.5 at about 8:44 and lay is now actually 13.0, so you would still be stuck with that one scratching your head. Wondering to take the loss or wait for it to drop. Or gamble and just let the back stand and hope for the best.
You could have backed Take Cover @ 14.0 on smarkets from about 8:36am. And lay also has risen all morning to 15.0 now. So another one on the fence.
The back odds on Goken have been jumping from 13.5 to 14.0 all morning, nothing particularly noteworthy about 8:30 to 9:00. Best you could get that I can see was to back him at 14.0. Now you would be stuck with him as well because the lay hasn’t dropped. Laying at 14.0.
Maybe you need to get on them at 8:30pm the night before… but then the bookie doesn’t guarantee the prices for then though, do they?
+0Saturday Pricewise Selections
14:00 Goodwood
– Barnet Fair – 17.0 @ 365, Fred, Boyles, Coral, Lads, Hills & 188
– Nuno Tristan – 21.0 @ 365 & Lads
14:35 Goodwood
– Gold Faith – 15.0 @ 365, Betway, Boyles, Coral, Hills, Sky & 188
15:45 Goodwood
– G Force – 51.0 @ Coral (41.0 @ 365)
+0Barnet Fair and Nuno Tristan can currently be layed at 15.5 and 16.5 but were both available to lay at 15 a few minutes ago.
Gold faith lay at 14, and G Force lay at 36.
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Which online bookies honour these prices and when. Particularly interested in ones I’m gubbed from – sky, paddy, bet way…
+0Hi FoG,
14:00 Goodwood
– Barnet Fair – 17.0 @ 365, Fred, Boyles, Coral, Lads, Hills & 188
– Nuno Tristan – 21.0 @ 365 & Lads14:35 Goodwood
– Gold Faith – 15.0 @ 365, Betway, Boyles, Coral, Hills, Sky & 188
15:45 Goodwood
– G Force – 51.0 @ Coral (41.0 @ 365)
You can generally find the above info if you search for pricewise on twitter.
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