How to profit from Betfair horseracing

[jd_fortune]

Here's how to make money in Betfair horse racing, or other sports. Never take the back or lay odds that are on offer. Those are all sucker prices. Wait til it gets close to start time and then piggy back onto the best back or lay offers available at the time. You want people to take YOUR sucker prices rather than you taking theirs. I wouldn't try to get ahead of the other offers, that will only drive the price closer to the true odds. You want nice crappy odds for people to take, so why not simply piggy back onto the best current offers, assuming they have enough overround in them? Granted, if there's a large amount of money already on that price then you might not get to have your money accepted because you're last in line, so just don't use that particular selection. Just choose another one that doesn't have a huge amount of money on it yet. Look for ones that have a fair amount of spread between the back and lay prices, these will usually be in the longer shot range. You won't get much overround in on a favorite, but 3rd, 4th or 5th fav you probably can. With prices from about 2 to 10 (decimal) you would want about a 1 point spread, like 5 as the back price and 6 as the lay price. 10 to 20 you'd want more like 2. As long as it's enough to cover your commission payments plus a little more it's worth getting on board. It doesn't matter whether you choose a back or lay offer to make, though whichever has more overround in the market would be the best candidate. It's probably best to switch back and forth between the two, because you don't know exactly which selections are more off from the true odds in backing or laying. So by switching back and forth between back and lay offers you can even things out more and get a more steady return. It's always nice if you can get back and lays accepted on the same selection, thereby "greening up". There's no way to control that though. It doesn't even matter in the long run. The greening up thing just smooths out the wins and losses fluctuations. In the end it doesn't make any difference in how much profit you make. It would just come in small amounts all the time rather than big lumps here and there. The only thing that really makes any difference is whether the price you offered out and was accepted was the true price (true odds) or not. If someone took your price and it was an overround price (enough to make up for the BF commission and some extra), as they all are in Betfair markets, you can't possibly lose over any significant amount of time. Conversely, if you take any of those prices offered instead of putting your own sucker price in and waiting for someone to take it, you will lose massively. I know, because I tried it. Doesn't matter what horse you take one of those offered prices on, or whether you take a back or lay price, you will just bleed money. Nobody EVER offers a fair price on Betfair, unless they're insane. It's largely bookmakers using Betfair to hedge their books. No bookmaker is going to offer fair prices. So you just do the same as them. Put your money in with their sucker offers and hope yours gets taken along with theirs. This is my view on how to make money in Betfair. I suggest that the only way to succeed at it is to have people take your crappy prices and for you to never accept anyone else's prices, because they will never be fair. The site should actually be called "Betunfair", because that's what it's all about, clipping the suckers just like the bookies do every day. If you ever just click on one of those prices on offer then YOU are the sucker.

[mileni4uk]

Re: How to profit from Betfair horseracing Utter dross!