Reverse Horse Profit Plan (48) Welcome Welcome to the Reverse Horse Profit Plan, a completely unique and fresh approach to accumulating wealth through Internet Horse Racing. Unlike any horse racing system or strategy of old, this system system shows how it’s possible for anyone to make a healthy income betting on horses to lose.
We say “fresh” approach because our historical aim has always been to monitor and create betting systems and strategies that pick out winning horses with the t he aim of profiting over time. Many horse racing systems are effective over time if followed correctly, but selecting winners is never an easy task which is why we can certainly recommend the approach that we shall teach you today. The year of 2002 has brought about a new betting opportunity through the rise of a breed of web sites called “betting exchanges.” These sites allow allow for “person to person” betting without a bookmaker being involved. involved. Quite simply, you you are able to “offer” a bet at your desired stake and price on a horse within a race to other visitors to the site. Other visitors then have the option to to “take” the bet that you you offered. If you are correct and your selected selected horse losses, you keep the other persons stake money. If you are wrong, and your selected horse wins, you pay out at the odds that you decided. Money is then either debited or credited from your account that you must open before you lay out your bets for others to take. The betting exchanges that we shall be using are: •
www.Betfair.com
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www.BetDaq.co.uk
Quite simply, our aim is to provide the betting exchange sites with offers of horses that we feel will lose and hence keep other peoples stake money when we are are right. As we have all the odds in our favour, we will always always be successful over time. After you have visited these sites, you’ll be able to pick out your favourite and have the choice to simply stay with one or use a combination of betting exchanges to effectively lay more bets. Clients from the US may wish to explore some of the many other Betting exchange sites that cater for more US Horse Racing Events. Why is “Reverse Horse” Betting So Successful? The reason why this kind of reverse betting approach is so successful is because we now have so many factors in our favour. Here are just a few: •
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Firstly, when we lay a horse to lose we have have every other horse racing for us. Even professional gamblers will know that this is a huge factor in our favour. How many times have you studied a race race only to see a horse that you thought had no chance, come through to win? The point that I am making here is that racing can can often be a very inaccurate science and by turning the tables to simply have every horse but one racing for us we will always profit over time with the Reverse Horse Profit Plan. Whilst we can enjoy the benefits of being a bookmaker, bookmaker, we don’t have to take their risks. We only offer horses that we think will lose and at the stakes that that we decide. This is another huge factor because it means means that we don’t have to “balance” our “book” like a bookmaker bookmaker does. We are free to offer tempting odds on horses that that we feel will lose which means that the thousands of visitors to the betting exchange sites will readily take us up on our offers. The availability of statistics and free help for us is incredible. We have everything readily available online to help us pick out the exact horses we need need to select for our system. I’ll go into full details about this later but needless to say, say, every statistic that we need to identify if a horse is likely to lose is readily available.
Which Horses Do We Select and Why? The horses that we select for this system are always the “favourite” which is the horse with the shortest price or smallest odds in the betting forecast. Only 30% of favourites win so we shall be concentrating concentrating on identifying the 70% of losing favourites and then selecting those with short prices.
Our system selects the favourites favourites for two reasons. Firstly, these horses have the shortest shortest prices so when we are wrong we pay out little compared to if we had offered prices on the other horses. Secondly, visitors to the betting exchanges will always take our bets as they will will feel that the horse has an excellent chance chance of winning because it is the favourite. If we were to select horses priced at 25-1, of course they might probably lose but it’s also probable that no one would take the bet that you offered. There is also the chance that the big priced priced horse will win leaving you with a big loss to cover. cover. By being able to identify favourites likely to lose, we have the makings of a sound
profit plan. With so many factors in our favour, we can now be confident of accumulating wealth over time. Understanding Odds and Percentages Before we go into the system of how we select favourites that are likely to lose it’s important that we understand how odds and prices are written across the world. This is because the betting exchange sites that we use write odds and prices down in the European format instead of the USA or UK style.
The quickest way to learn is to simply have a comparison table with lots of prices compared between the three styles as follows: USA -3.50 -3.30 -3.00 -2.75 -2.50 -2.25 -2.00 -1.90 -1.75 -1.61 -1.50 -1.37 -1.25 -1.20 -1.11 -1.10 1.00 1.05 1.10 1.11 1.20 1.25 1.30 1.35 1.37 1.40 1.50 1.60 1.62 1.70 1.75 1.80 1.87 1.90 2.00 2.10 2.20 2.25 2.30 2.40 2.50 2.60 2.70
UK 2/7 3/10 1/3 4/11 2/5 4/9 1/2 8/15 4/7 8/13 4/6 8/11 4/5 5/6 9/10 10/11 1/1 21/20 11/10 10/9 6/5 5/4 13/10 27/20 11/8 7/5 6/4 8/5 13/8 17/10 7/4 9/5 15/8 19/10 2/1 21/10 11/5 9/4 23/10 12/5 5/2 13/5 27/10
EUR 1.29 1.30 1.33 1.36 1.40 1.44 1.50 1.53 1.57 1.65 1.67 1.73 1.80 1.83 1.90 1.91 2.00 2.05 2.10 2.11 2.20 2.25 2.30 2.35 2.37 2.40 2.50 2.60 2.62 2.70 2.75 2.80 2.87 2.90 3.00 3.10 3.20 3.25 3.30 3.40 3.50 3.60 3.70
% 77.8 76.7 75.0 73.3 71.4 69.2 66.7 65.5 63.6 61.9 60.0 57.9 55.6 54.6 52.6 52.4 50.0 48.8 47.6 47.4 45.4 44.4 43.5 42.6 42.1 41.7 40.0 38.5 38.1 37.0 36.4 35.7 34.8 34.5 33.3 32.3 31.2 30.8 30.3 29.4 28.6 27.8 27.03
USA 2.75 2.80 3.00 3.33 3.50 4.00 4.50 5.00 5.50 6.00 6.50 7.00 7.50 8.00 8.50 9.00 10.0 11.0 12.0 14.0 16.0 18.0 20.0 22.0 25.0 28.0 33.0 40.0 50.0 66.00 80.00
UK 11/4 14/5 3/1 10/3 7/2 4/1 9/2 5/1 11/2 6/1 13/2 7/1 15/2 8/1 17/2 9/1 10/1 11/1 12/1 14/1 16/1 18/1 20/1 22/1 25/1 28/1 33/1 40/1 50/1 66/1 80/1
EUR 3.75 3.80 4.00 4.33 4.50 5.00 5.50 6.00 6.50 7.00 7.50 8.00 8.50 9.00 9.50 10.0 11.0 12.0 13.0 15.0 17.0 19.0 21.0 23.0 26.0 29.0 34.0 41.0 51.0 67.0 81.0
% 26.7 26.3 25.0 23.1 22.2 20.0 18.2 16.7 15.4 14.3 13.3 12.5 11.8 11.1 10.5 10.0 9.09 8.33 7.69 6.67 5.88 5.26 4.76 4.35 3.85 3.45 2.94 2.44 1.96 1.49 1.23
Understanding Odds and Percentages Now, if we look at the chart we can see that “evens” is 1.00 in the USA and 1/1 in the UK. If you were to offer a horse at evens on the betting exchange sites you would therefore type in 2.00.
To understand the European style better, lets look at how it’s worked out. Taking the evens price again, we see it as 1.00 in the US and 1/1 in the UK. Taking the UK fraction, 1 divided by 1 = 1 plus your stake of 1 = 2.00. -2.50 in the US is seen as 2/5 in the UK and 1.40 in Europe because 2 divided by 5 = 0.40 plus your stake of 1 = 1.40.
So, taking our examples if we lay a horse to lose with a stake of $10 at evens (and our bet is taken) and our selected horse loses, we win the other persons $10 stake money. If we are wrong and our selected horse wins, we lose $10 because a $10 bet at evens wins $10 and this amount would then be deducted from our betting account. Offering a $10 stake on a horse at –2.50 US (2/5 UK) again gives us a win of $10 if our selected horse loses. If we are wrong and our selected horse wins we lose just $4 because a $10 stake at –2.50 (2/5 UK) (1.40 EUR) would mean that $4 would be deducted from our betting exchange account. When you start to work through the short priced figures, it will become clear why we select short priced favourites for this system. Payouts can be low compared to our stake whilst still having an excellent chance of our selected horse losing. Clients from the US will notice that after evens, the figures in the Euro style are the same as in the US but plus 1. This is simply because the Euro style includes the original stake when you work it through whilst the US style does not. For example if you placed a normal bet of $10 at 1.11 you win $11.10 because $10 multiplied by 1.11 equals $11.10. But if you look at the table you’ll see 1.11 written as 2.11 in the Euro style. A normal $10 bet at 2.11 again wins $11.10 but if you work it through you’ll see that $10 multiplied by 2.11 equals $21.10 but this includes your original stake that you must deduct to give you your winnings of $11.10. It won’t make any difference if you are betting in UK pounds as there are 100 pence to the pound like there are 100 cents to the dollar.
Clients from the UK will notice that 10/9 is written as 2.11 in the Euro style. This time, both ways of writing these prices includes your stake when you work them through. £10 bet at 10/9 wins £11.10. Taking the 10/9, 10 plus 9 equals 19. Multiply this by your stake of £10 equals 190. Then divide 190 by the second fraction figure of 9 to give 21.1. Then deduct your original stake of £10 to give you your winnings of £11.11. Now, work through some examples until you are happy with understanding the European way of writing down prices. The amount that you lay on each horse to lose will depend on your betting bank to be covered next. Your Betting Bank Your betting bank is the amount of money that you wish to put aside for the Reverse Horse Profit Plan. As a rule we recommend that you start laying stakes at one twentieth of the bank that you have available. So, if you wish to start with say UK £200, one twentieth would mean that you would lay £10 on each horse that you feel will lose.
The reason we must always used a defined bank is to be able to confidently cover any losses that we incur over time whilst moving towards consistent long-term profitability. Once your bank reaches £400, you might then want to double the stake that you offer to £20 and so on. Remember, your betting bank needs to be made up of money that you can comfortably afford to lose. Whilst the odds will be in your favour, you are still gambling so never use money that you need to pay for everyday essentials like bills and food etc. Strategies for laying horses to lose There are two strategies for laying horses to lose. The first is the “standard approach” where we select a single horse in a race that is the favourite but we believe it will lose.
The second strategy is the “advanced strategy” where we can choose to lay a combination of horses in the same race to lose or lay a horse “not to be placed.” “Not to be placed” means that we lay a horse to lose which we feel will not place in the first three or first two if there are seven or fewer runners. The standard approach for laying horses to lose When first starting out in this kind of betting, we recommend following a standard approach to begin with. That is to use our race selection criteria (discussed later) to identify the right races and to lay a single horse to lose in each race that you select. Then as you gain confidence in your ability to spot losing favourites you’ll be able to gauge whether or not it’s worth offering a bet on a favourite not to be placed. We shall discuss advanced strategy in detail later as it can be very rewarding as the prices that we offer will be tiny.
When we are correct, we keep the other persons stake money completely as usual. If we are wrong, we pay out peanuts. Of course it’s more difficult to pick out favourites that won’t place but by the time you’ve read this system, you’ll be able to. The standard approach for laying horses to lose Now, lets say that you’ve read this system and understand the prices in the Euro style and have used our methods (discussed later) to pick out the right favourites from the right races to back to lose. You will have opened an account with one of the betting exchange web sites and deposited some money. The amount of money that you deposit must be enough to cover the bets that you intend to lay.
For example, if you deposit £100 into a betting exchange site, you could lay one £10 stake on a horse and set the price at 10/1. (US 10.00) Of course you would type this into the betting exchange as 11.00. You would not be able to lay any further bets as you would not have the funds in your account to cover any further horses if you lost on the horse at 11.00. As we shall be laying much shorter priced horses, you will be able to lay many more for your money. For example, you could lay ten horses priced at evens for your £100 with £10 stakes as this would be enough to cover yourself if all of your selected horses won and you lost. Now, lets say that we are ready to lay a horse at our chosen betting exchange. We would log on to the site, navigate to our chosen race and type in our decided stake and price next to the horse that we chose. (More on betting exchanges later) You might see that other people have already started to offer prices on your horse too so bear this in mind when deciding on your final price. You won’t want to offer too big a price if you don’t need to. On the other hand if someone has already put a price down on the horse that you’ve also selected, you might want to beat it by a tiny amount to look more tempting to other visitors to the betting exchange. Once we have typed in our details and offered a price and stake on our selected horse, we are now taking the part of the bookmaker and will wait for a visitor to the betting exchange to see our offer and “match” our bet. Once matched, if we are correct and our selected horse loses, we gain the other persons stake money and their account is debited by that amount whilst your account will be credited. How to select the right horse from the right race A few years back, we carried out some research into favourites whilst developing racing systems based around identifying the 30% of winning favourites that we see. In the UK we found that whilst 30% was the average from all races in the UK for favourites to win, this figure nearly increases to 50% for the “Hunter chase” races during the season running between February and June.
Our point is that we are able to throw our research into reverse and now point out the types of races that are much less predictable, harder to select the winner and hence giving us a greater chance of selecting those favourites highly likely to lose. Based on past research, the races that we shall select for this system are: Maiden Races Conditions Races Listed Races Group Races (Novice Hurdles) (Novice Chases)
Firstly, lets look at why we have chosen Maiden Races as one of our main types of races to consider. Maiden races are for horses that have not yet won a race before making these type of races ideal for us due to the following reasons: •
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Maiden races for 2 year olds on the flat make for a race full of inexperienced horses. There is no accurate way to judge if an animal will win clearly but the bookmakers will have to put one up as the favourite. As these horses have not won a race before, it’s difficult to know which animal will turn out to be the most dominant. Basically, the form is just harder to read which is good news for us. At this stage in a horse’s career there is always lots of trainer, owner and bookmaker “hype” simply due to maybe a reputable trainer or how well a horse has been doing in training. The truth is we don’t know how it’s going to perform until its put to the test.
We are now able to use all of our normal criteria to identify potential losing favourites but on top of that, we have all of these natural factors to put the odds in our favour further. Identifying favourites likely to lose Firstly, our aim is not to spend hours trying to analyse each and every race we come across. We shall be looking to spend around 30 minutes on the mornings that you wish to find horses to lay to lose.
The tool that we always use to identify our selections is the Racing Post website which holds all of the information that we need for forthcoming European horse races.
Navigating around the Racingpost.co.uk To get a feel for navigating around the racing post web site, I recommend that you print off this document and then visit the site if you are not already familiar with using it. What we are going to do is quickly click around the site, identifying the pages that are most helpful in what we are trying to achieve. Once you are at www.RacingPost.co.uk click around using the guide to follow: We are going to start by getting you used to navigating around the Racing Post website and make sure that you understand the basics before we go into the strategies for identifying potential losing favourites. Firstly, as you land on the racing posts home page, down the left hand side, fifth button down, you’ll see “today’s racing.” Click through and you’ll see one meeting for the day and the complete list of all available meetings down the right side of the page at the top under “other meetings.” This is our starting point and we shall first look at the meeting on screen for any qualifying races then click through, one at a time, the other meetings available. For each meeting that you click, you’ll see the races available and the times at the left side of the screen. Remember, we are looking for “maiden races” “conditions races” “listed races” “group races” “novice hurdles” and “novice chases.” You’ll see lots of different sponsors for each race but the words “maiden” “conditions” and “novice” etc will also be found in the race names. As you are clicking through all of the races available, note down which races qualify for our system. After you have clicked through all of the available races and noted down several potential races, we will now be able to look at each individually to see if it looks like the favourite might be beaten by any of the others in the race.
Navigating around the Racing Post Web Site Now, lets say that you’ve identified several potential races and you want to look at them in a little more detail. You can click on the name of the race itself on screen to take you to the race details. Once you click on the race name, you’ll see a pop-up box appear by “smart bet” showing an odds comparison chart. Close this box and you’ll see the runners in the race and details. Under the list of runners you’ll see the “betting forecast” and the first horse with the shortest odds is the “forecast favourite.” We shall now be trying to identify whether or not we feel that this favourite will be beaten. Before we go into the analysis, we’ll cover a few basics for those new to betting. As you look at the race and it’s runners you’ll see that under the “time” is the number of runners in the race. To the right of the time, you’ll see the name of the race its class and far right, the distance of the race. Next to the number of runners is the prize money to the winner. Under the winner prize money, from left to right you’ll see “No.” for the horse number. “Form” for each horse showing where it placed in its last three race outings. “Horse” the name of the horse and directly next to the horses name you’ll see a number. This is the number of days since its last outing. “Trainer” is the name of the horse’s trainer. “Wgt” is the weight that the horse is due to carry in stones and pounds. So if the weight is 8-7 this means 8 stone 7 pounds. (There are 14 pounds in a stone) “Jockey” is the horse’s jockey/rider for the day. To the right of the screen under “Analysis” you’ll see “Spotlights” which, when clicked will show you the Racing Posts opinion of each horse in the race. “Selection box” which holds the views of every expert from many daily newspapers as to which horse they feel will win. Under that we have the three tools of “postmark” “top speed” and “official ratings” which are advanced tools. If you scroll down a little, you will also see on the right, buttons for “top trainers” and “top jockeys.” When clicked, it will show you the performance of the trainers and jockeys contesting your race. To the left is the “Spot light Verdict” and below that a table made up of ticks, question marks and crosses to help give an indication of each horses chances in brief. Ticks are good. Crosses are bad and question marks show as unknown. The more ticks under “ability” and “recent form” give a horse a better chance of winning according to the table. We shall now move on to the actual strategies we use to pick out favourites likely to lose. Keep with the Racing Post web site as we shall be navigating in some new areas. Strategies used to determine favourites likely to lose On the morning that you wish to lay some horses to lose, logon to the Racing Post web site and identify several races using the guide above. Once you have your list of races, it’s time to start looking at the favourite as well as the other horses in the race.
Remember, we are ideally looking for short priced favourites around 11/8 or even shorter (US 1.37) that’s 2.37 in the European style. Our maximum odd is 4.0 (3-1) after which we recommend that you don’t lay. The potential loss is not worth the risk and there will always be more to choose from.
Now, lets say that you’ve identified a number of races and want to know whether or not to lay the favourite at a betting exchange to lose. Start by clicking through to the race details like before so that you can see every horse in the race. Your starting point can be to click on to “selection box.” This will give you the views of twelve experts from the daily newspapers and 4 criteria from the racing post website all giving you their verdict on which horse will win. For example, lets say that your first selected race for the day is at 3.00pm in Nottingham and the forecast favourite is a horse called Jalousie. You might click on to “selection box” and see the following: Spotlight Jalousie Postmark Cool Kat Topspeed Cool Kat Postdata Jalousie Lambourn Castle King The North Jalousie Sporting Life Jalousie The Times River God Telegraph Cool Kat The Guardian Jalousie Independent Castle King Daily Mail Jalousie The Express River God Daily Mirror Jalousie The Sun Cool Kat The Star River God Now, looking at the panel of experts we can see that their opinion is split between four horses. Jalousie has the most votes but there are three other horses that have received votes also. It’s always reassuring when you see the panel split like this and we can proceed with more confidence. Strategies used to determine favourites likely to lose On some occasions, you won’t see the panel so split. If you clicked onto “selection box” to see:
Spotlight Postmark Topspeed Postdata Jalousie Lambourn The North Sporting Life The Times Telegraph The Guardian Independent Daily Mail The Express Daily Mirror The Sun Jalousie The Star Jalousie
Jalousie Jalousie Jalousie Jalousie Jalousie Jalousie Jalousie Jalousie Jalousie Jalousie Jalousie Jalousie Jalousie
An overwhelming majority decision by a range of experts towards Jalousie is enough to make us stop right here. It looks highly likely that Jalousie will go on to win so we would avoid laying it. Remember, the “selection box” is just a quick starting point to deciding whether or not to carry on with our selection strategies. If the panel is split, it just means that we continue with our analysis, it does not mean that we have a horse to lay yet. Only when every expert agrees on the same favourite to win do we ignore that race. Strategies used to determine favourites likely to lose Now, lets say that we’ve selected a number of races to look at and the first is a “maiden” stakes race over 1m 1½ furlong. We’ve checked the selection box and not every expert is picking the forecast favourite to win so we continue with our analysis.
Strategies used to determine favourites likely to lose When we look at maiden races, we look at: •
What races the forecast favourite has already run. We also look at what races the other horses have run. We take a mental note of what races they were and how well they did. (This just takes around two minutes and I’ll show you how in a second.)
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We want to know if the favourite has not come across the ground, surface or distance in its previous races. (If a horse has yet to experience the ground on your race, it could prove vulnerable) We want to know if the favourite is making its debut. It’s possible that the horse has never run a proper race before and is the favourite simply because of its trainer or bookmaker hype. (If a horse is making its debut and is only the favourite for the reasons above, again it could prove vulnerable.) We always ignore any trainer or bookmaker hype and just stick with the figures.
Strategies used to determine favourites likely to lose Now that you know what we are looking for, here’s how to look:
As you look at the race itself, you’ll see all of the runners down the screen in bold black print. When you position your mouse over each horses name, you’ll see it highlight red. When you click on it you’ll be taken through to the results of every race that that horse has run, where it placed and also be able to look at the type of horses that it has run against. What we are going to do is click through to this page for each horse in the race. It will soon become apparent if we have a number of potential threats to the favourite. What we want to see is one or more horse that has the potential to beat the favourite based on the figures. Strategies used to determine favourites likely to lose Now click onto the favourite of a selected race and I’ll go through what you will see and how to interpret it.
After clicking through, you’ll see from left to right: The Date The Surface The Race Class The Race Type Race Outcome
Date of its previous races (Gd = Good GS = Good/Soft etc) (A-G) IE, “Mdn” stands for Maiden. IE, 4/16 means that the horse placed 4 th out off 16 runners. Under the Outcome you’ll see the winner of the race and how many lengths our favourite was behind.
Now, when you are looking at this page, there are a number of key points you must take a mental note of. Firstly, look at the horses last few races. Where did it place, against how many runners and at what grade. The race class of A – G is vital. A grade is the highest quality of race with G being the lowest of the classes. Horses are “stepping up” and “stepping down” in grade all of the time and it’s vital for us to find this out. If our favourite has been racing in class E’s and is stepping up to class D for the first time, it is unproven at this quality and could be potentially vulnerable depending on the quality of the other horses which we shall find out as we click through them one at a time. Also, are there any horses used to running in higher classes stepping down in class today to make a potential challenge to the favourite? Take a mental note of the prize money that each horse has run for and at which prize money level the horse has had its success. Compare this with the prise money of the race you are looking at to see if any horses have a good chance of causing an upset for the favourite. Have any of the other horses won races of the same quality as the favourite? If the whole quality of the runners is poor, look to see if any of the other horses have placed in similar positions in the same class of race as the favourite. For races other than maidens, look to see if the favourite has ever won a race. It might be that the favourite is the favourite due to trainer/jockey combination etc or that it’s dropping in class, or all three. A horse could prove vulnerable if it’s never won a race simply due to horse behaviour. (More on this later) Strategies used to determine favourites likely to lose As you continue to click through to look at each horses previous race results it will soon become clear that some horses have very little chance of winning based on the figures whilst some have a very good chance. All that we need to see is one or a number of potential challenges to the favourite for us to decide to lay it on the betting exchange. That way, we know that we have a good chance of a potential upset to the favourite from the horses that we have identified as dangerous. On top of this we have every other horse running for us. This is a big factor as some horses often come through to win out of nowhere to help us out even more.
If the favourite is the favourite because it won its last race, click through to see what horses it beat. You can do this by first clicking on the name of your favourite to go through to its results, then clicking on the horses name under the “race outcome” heading. This will be the name of the horse that finished second and also by how much it was beaten. When you click through to look at the previous race of the favourite, take a look at the quality of the field. How far did the favourite win by? Whom did it beat? If the second placed horse was priced at 20-1 in a generally weak looking field, it could mean that our favourite today didn’t have to do very much to win it’s last race at all. Is the favourite running on unfamiliar ground? You can check this by looking at the surface of its last races and then comparing it to that of your current race. If it’s unproven on unfamiliar ground then its just another point in our favour. Incidentally, it’s also worth looking at the jockeys of the favourite and the jockeys of the horses that you feel might pose a threat. If the favourite won a race with a top jockey and it’s the same jockey on the horse today, the favourite becomes that bit more dangerous because of the confidence between the jockey and the horse as a team. Horse Behaviour Another factor worth mentioning is horse behaviour. Professional gamblers will already know what I mean by this and its very relevant to the reverse horse method. Some favourites might be the favourite because of their position in better classes of races or the trainer/jockey combination. However, if its never won a race it has a better chance of being beaten today even by an inferior horse. This is a bold statement I know, and won’t always prove correct but people who work and train horses will know what I mean here. Basically, horses naturally prefer to follow and have to be trained to lead and to be a winner. This is where horse behaviour comes in. A horse with a powerful presence can mentally overpower even a horse of better ability, especially if they met on a previous occasion and the better horse lost.
The simple point that I am making here is that if a horse has proved itself to be a winner, bear this in mind. If it’s never won a race, bear this in mind also. Strategies used to determine favourites likely to lose To summarise, after checking the selection box and going through each horses history whilst checking the prize money, ground, grades of races, horses stepping up and down and the jockeys, you’ll soon build a mental picture of the race and whether or not we have a number of threats to the favourite. If we do then this will be one horse to lay for today. As you become more experienced, this whole process will become much quicker and also very instinctive. It’s a great feeling when you just know that the favourite for a race has a huge chance of being badly beaten. Races to Avoid Some races we feel are best avoided are: Handicaps Sellers Claimers
Remember, we also never lay the favourite if every selection box expert picks it. We also never lay the favourite of a maiden race if its been trained by D. R Loder. Choosing Prices To Offer After you have selected the horses that you plan to lay at the betting exchanges, you’ll need to decide on what prices to offer. Obviously, what you will be trying to do is make the price as short as possible so that if we are wrong we stand to lose a fairly small amount. For instance, lets say that we have found a short priced favourite by the name of “Jalousie” whom we feel has a good chance of being beaten. We could lay this with a £20 stake at odds of 4/5. This is –1.25 in the US but remember, you will need to type the European figure into the betting exchange as 1.80.
Now, if Jalousie losses as long as our bet has been matched, we win £20. If Jalousie went on to win, we would lose £16 because £20 multiplied by 1.80 equals £36 less the stake of £20 equals a £16 loss. You might find that you decide on a price and visit your race at the betting exchange, only to find that someone has already offered a bet at that same price at the exact stake that you wanted to lay. You would then have the option to beat that stake by a small amount if you wished to make your bet look the most tempting to any visitors to the exchange. However, you might find that someone has offered a slightly better price than you wanted to lay but their stake has been set much higher. You could then stick with your original price as many visitors to the exchange might only be planning to bet in your stake range. Also, don’t increase your asking odds to get matched. If you need to increase to get matched only increase by the bare minimum to get noticed. Finding the right prices to offer When you click onto a race at the Racing Post site and see every runner available, at the bottom of the runners you will see a “betting forecast.” This is only a guide and will no doubt change so the best way to proceed when beginning is to make a note of the forecasted short price of the horse that you want to lay, then offer a price realistically lower than this. After a bit of time, you’ll begin to see what sort of prices get taken by users of the exchange and what gets passed by. It will become instinctive over time as you find the right balance between offering the shortest price possible and having the price that you offer matched by visitors to the exchanges.
To view the odds and prices being offered by online bookmakers, you can check sites like Oddschecker.com who compare the odds of several online bookmakers. Methods of Laying Horses to Lose There are three methods of laying horses to lose. The first is the straight single horse lay. That is we have identified a favourite in a race, then visit our betting exchange to lay it to lose at the stake and price that we decide.
The second method is to lay two horses in the same race to lose. Of course, you might be thinking that when you lay two horses to lose, you have a greater chance of losing. Well, you are correct but by manipulating the odds on two horses in the same race we have the chance to win far more than we lose. Again, if we are fairly accurate with our selections, we can only profit over time. Here is an example of when you might want to lay two horses in the same race to lose: Lets say that we are looking at a race and have found that there are a number of horses that look like they are potential winners but that the first two horses in the betting forecast are Thumper at 4/5 favourite (US-1.25) and Pedro Down at second favourite priced at 2/1. (US 2.00) Both of these animals have short prices taking up a big percentage of the market. This is where the percentage figure on our chart earlier comes into play. If you look at the chart from earlier, you’ll see that we have price comparisons for between US, UK and Europe and next to that the total percentage that each price represents. Using the percentages is how bookmakers try to guarantee a profit for every race. Bookmakers compile the odds on every horse in the race and assign each one an initial percentage of the total race. The odds that are assigned are to guarantee a profit regardless of the eventual outcome. One way to look at it is if bookmakers assigned prices to every horse and the percentage of every horses price totalled 100, the bookmaker would break even. In real life bookmakers “books” always total over 100 as each horse has a bigger chance of losing than the odds might suggest. Advanced Methods of Laying Horses to Lose Now, going back to our example, because Thumper and Pedro Down have such short prices, they are taking up a big percentage of the market as determined by the bookmaker. If you take a look at the chart, you’ll see that 4/5 (US –1.25) is written as 1.80 in the Euro style and equals a percentage of 56%. (Rounded up)
Pedro Down has odds of 2/1 (US 2.00) that is written as 3.00 in the Euro style and takes up 33% of the market. Taking the two horses together and adding up the percentages, you’ll see that together they total 89%. If you were wondering how we arrive at the percentages, if you take a look at the chart at (US –1.25) (UK 4/5) (Eur 1.80) 100 divided by 1.80 equals 55.56% and so on. Now, with both horses totalling 89% of the market, we can manipulate the odds to always win far more than we lose. Here’s how: If we take the percentage of each horse and place a corresponding stake in pounds, here is what we gain: Thumper is worth 56% so lets say we offer a £56 stake on Thumper at 1.80. Pedro Down is worth 33% so lets say we offer a stake of £33 on Pedro Down at 3.00. Now, if any other horse comes through to win and both our targets lose, we win £89. But, if either of our selected horses win, we would lose just under £12.
Here’s how: If Thumper won, we would lose £44.80 on Thumper but gain our stake money on Pedro Down of £33 so our loss would be just £11.80. (£56 x 1.80 = £100.80 less the original stake of £56 equals £44.80) If Pedro Down won, we would lose just £10 as we lose £66 on Pedro Down but gain our stake money on Thumper of £56 (£33 x 3.00 = £99 less the original stake of £33 equals a £66 loss but a £56 gain) Now, it’s clear to see that we have lots more to gain than to lose. We can win £89 but at worse lose just over £10. Over time and as you gain in experience in finding short priced losers, you can only profit. Advanced Methods of Laying Horses to Lose Now that we’ve looked at the standard approach and the double approach, it’s time to look at the third and final advanced method of laying a horse to lose.
The final approach is to lay a horse not to be placed. By that we mean that you lay a horse not to place 1 st 2nd or 3rd in a race with eight or more runners or not to place 1 st or 2nd in a race with less than eight runners. The betting exchanges allow us to lay these type of bets and they can be very rewarding. Here’s how, Lets say that we’ve a race where we feel the favourite to be weak or that there are a number of horses capable of doing better. Going back to our earlier example, lets say that “Thumper” priced at 1.80 (US –1.25) (UK 4/5) looks like it could be beaten by a number of horses in the race. We could lay Thumper not to be placed at much shorter odds , because our risk of losing the bet is much greater. As a general rule, you may lay horses not to be placed at “one fifth” of the original odds. So, if we take the original price of 1.80 and divide it by five (0.80 x 0.20 = 0.16 plus the 1 to give us our Euro style price = 1.16) we get odds of 1.16 to lay on Thumper not being placed. Now, lets see how much we have to gain when we are right: We could try to win a much larger amount of money than normal as our payout would be so low. If we lay a £100 stake on Thumper not to be placed and were correct, we would win £100. If we were incorrect and Thumper went on to win, we would just lose £16 because £100 multiplied by 1.16 = £116 less the original stake of £100 = £16. As you can see, we have far more to win than to lose and of course we can wait, pick and chose our races as we please. In fact, you could place six of these bets and only need to win one to break even. Plus, when we have less than eight runners in our race, “lay not to be placed” only refers to the first two runners past the post. Applying All Strategies When starting out, you might want to start by laying single horses to lose. It’s the best and most cost effective way to start. As you become more confident though at selecting favourites likely to lose I would recommend you also look towards the advanced strategies. It can be a fantastic way to boost your income further. Betting Exchanges One of the biggest and most user friendly betting exchanges is BetFair.com who cover a huge range of sporting events including UK and US and European Horse Racing.
You may now visit the site and register as a user. I’ll talk you through the process so that you can be ready to start when you feel. When you visit the site, you’ll notice about two thirds across to your right you will see a few words in white and blue saying “New User.” Click onto this to be taken to a quick form to sign up. You will first need to give yourself a username and password. Simply make something up for both then duplicate your password again to be taken to the next stage. You will now be asked to fill out the personal details form that asks a few questions about yourself. Half way down you will be able to decide which currency you wish to bet in and have the choice of US Dollars, UK Sterling, and the Euro etc. Once you have completed this form, click through to answer a couple of general interest questions. Click through again and you will have the choice to deposit some funds if you wish or go back to the hope page. From here on, you are registered as a user and you will now see your user name “logged in” to the site. When you are back at the home page, take a look at the table on the left that shows the events of the day that you are able to bet on. You will be able to see that UK and US horse racing is available. Clients in the US can obviously use the information in this report to apply to US racing but remember that the RacingPost.co.uk only provides us with information about European races. You will need to use a reliable source for US horse racing statistics first. Navigating The Screens to Lay your bets Now, using the table on the left of the home page, click through to horse racing and take a look at a race on screen. You should now see the race name in the top left and in the top right it should say “Displaying selections” and the total number of runners for the race.
The runners will be down the left side of the page and you can scroll down to see every one. Across the top of the race, you will see that the screen is split into two with “Available to back” on the left side and “Available to lay” on the right.
Navigating The Screens to Lay your bets “Available to back” shows that another visitor to the site has laid a horse at their selected price and stake and is waiting for someone to accept their offer.
“Available to Lay” shows that a visitor to the site is requesting an opportunity to bet a certain amount at their decided price and is waiting for someone to offer to accept their proposed bet. At the base of the screen you will see four buttons: Place Multiple Bets View Matched Bets View P&L View/Edit/Cancel Unmatched Bets • • •
Place multiple bets allows you to bet two or more horses in the chosen race. View Matched Bets allows you to check if your bet has been accepted. View/Edit/Cancel Unmatched Bets allows you to go back into your bet and change the price, the stake or cancel the bet altogether.
For us to apply our system to lay a horse to lose, we find our race and our horse then click on the “Lay” button to input our bet. You will be taken to a simple box where you then “enter odds” (Remember, we are using the digital Euro price style) and then your desired stake. If you are happy, you can then click on “Place Bet” to place your bet. The next box will then confirm your bet and show you how much you will win and how much you stand to lose if you are incorrect and your chosen horse wins. We are charged 5% on our net wins when we are successful. We are not charged anything extra if we lose our bet. Once you have placed your bet, you’ll be given a reference number and also be able to see your “available to bet balance” in the top right. You are able to lay further horses as long as your “available to bet balance” is big enough to cover any losses. The betting exchanges are designed to be user friendly and have extensive help available if needed. How to Win Big with Zero Risk It’s also possible to organise your bets so that you can make a substantial gain at best or at worse break even. Here’s how:
As you will see, prices can get bigger or shorter depending on which way the market is going. It’s quite possible that a horse may look like the favourite and start off with a short price but eventually end up with a much bigger price as bookmakers see money going down on other horses in the race. Therefore, if we lay a horse at an exchange at say evens 1/1 or written as 2.00 at the exchange and this bet is matched early we then have the luxury of being able to watch what happens at the bookmakers to see if we can take a Zero Risk bet. The way that it works is that we lay a bet at short odds at the betting exchange first. If it’s matched we then look to see if online bookmakers are offering a bigger price later in the day and back the same horse to win at our online bookmaker. Here’s what can happen: Lets say that we have successfully lay a bet at evens (2.00 Euro) for a £100 stake. We then notice later that a bookmaker online is offering the same horse at odds of 3.00 Euro. We then bet £100 through our online bookmaker on the same horse to win at 3.00. If our selected horse wins, we win £200 at our online bookmakers and lose £100 at our betting exchange giving us a profit of £100 with no risk taken. If our selected horse losses, we simply lose our £100 stake with the online bookmaker but gain £100 from our betting exchange and hence break even.
Professional Soccer Gamblers “Betting Exchange” Secrets. In recent years we have seen a new betting opportunity arise through a new breed of web site called “betting exchanges.” These sites allow for “person to person” betting without a bookmaker being involved. Quite simply, you are able to accept bets on offer from other visitors who are either offering bets available to “back” to win or “lay” to lose. As a visitor to the Betting Exchange, you also have the power to offer your own bets at the stakes and prices of your choice.
Other visitors then have the option to “take” the bet that you offered or they might ask for their own bet. Some visitors will want to bet that a certain outcome will happen, whilst another visitor will want to bet that it won’t. When these visitors get together their wager is “matched” and the betting exchange will hold on to both visitors stake money until the outcome is decided, then pay the winner from the losers account less a small commission of between 2 and 5 percent. With the advent of the bookmaker, we now see visitors competing between each other to offer attractive bets for visitors resulting in one thing: Great value opportunities with prices available being so much better than regular bookmakers that its hard to see where their place will be in the future. Remember, a regular bookmaker will have high overheads and they must always offer bets on all of the possible outcomes of an event. The individual however has the luxury of accepting and offering just the bets that they want, usually as a result of their own research or through the research of their preferred Soccer Tipster. Just on the most basic level, you’ll find that if you wanted to back a certain team to win, you’ll get better odds at the betting exchange than you would at the bookmakers hence every time you win, you’ll now win more. However, this report was created to show how the professionals are using the Betting Exchange sites to make profits that are virtually guaranteed and in some cases they are definitely guaranteed! The betting exchanges that we shall be using are: •
www.Betfair.com
•
www.BetDaq.co.uk
After you have visited these sites, you’ll be able to pick out your favourite and have the choice to simply stay with one or use a combination of betting exchanges to effectively work between them for extra profit opportunities. Betting Exchange Facilities If you visit one of the betting exchanges mentioned, you’ll see that you can click on a variety of events and tournaments. With each Soccer Team you’ll find prices available to back the team in question or to lay it and the same goes for the draw options.
At this stage it’s probably best if you visit the sites yourself to get a feel for their layout and where their Soccer Teams are positioned plus their online tutorials for using the sites as they all come with easy user guides. The power that you now have is the ability to bet that something won’t happen (lay) which until recently was the luxury of the bookmaker only. All figures are written in the decimal format so if you are new to decimalised odds you can use the tables within this manual to convert between fractional and decimal. Taking Advantage of Extra Value By now you’ll be aware of the extra value that the betting exchanges give us and the vast majority of users visit the betting exchanges just to “back” the Soccer team that they will feel will win at better odds than they could possibly hope for at their regular bookmaker.
If you are used to only using your local bookmaker for bets, now’s a good time to benefit from the better prices available. For example, you might want to back a team to win and the best odds available at your local bookie might be say around the 5/1 / 11/2 mark. Checking the betting exchange websites you’ll more than likely find the same bet available at 8 or 8.5. That’s 7/1 and 15/2 marking substantial better value. Betting On The Draw Going back to the Bookie Beating Soccer Course, you’ve seen how the professionals monitor results to develop a points system to show which teams are most likely to win lose or draw. Using the points system, you can see which teams have the same number of points and are, on paper, evenly matched. These are the teams that statistically, are most likely to draw.
Now, lets say that you’ve identified that Liverpool and Chelsea are two teams that are evenly matched and want to bet on a 1-1 draw. Traditionally the majority of punters would use a bookmaker to place this wager and settle for the odds given. At best they might shop around a few bookmakers before placing their wager.
The professionals however now take full advantage of what’s available through placing a selection of bets at the Betting Exchanges so that: A) If you are correct and the match results in a 1-1 score, you win more than if you’d placed the wager at a bookmakers and: B) You cover all other likely draws so that whichever draw finally occurs, you make a profit. Here’s how: Betting On The Draw Lets say you’ve checked with your bookmaker and they are offering a Liverpool / Chelsea draw at 11/2 which is 6.5 decimalised. However, you check with an exchange and find that the same bet is available at 15/2 or 8.5 decimalised. At the same time you see that all the draw options are available as follows: 0-0 1.1 2-2 3.3
16.5 8.5 20.00 70.00
By recognising the extra value available, you can cover all likely draw outcomes as follows to make a profit on all draws and a massive profit if you are correct with your 1-1 prediction as follows: Stake £118 £8 £100 £8 £2 Profit
Odds 16.5 8.5 20.00 70.00
0-0 +124 £-100 £-8 £-2 £+14
1-1 £-8 £+750 £-8 £-2 £+732
2-2 £-8 £-100 £+152 £-2 £+42
3-3 £-8 £-100 £-8 £+138 £+22
So, for a £118 stake you profit by £732 if your 1-1 prediction is correct which is still better than any bookmaker odds available. At the same time by placing smaller wagers on the other draws, you can make a profit on the other draws as well. I staked a little more on the 2-2 outcome as this is the next most likely draw but you might want to stake a little less. Remember, you will be using statistically the teams most evenly matched and hence this bet provides you with the power that you didn’t have prior to the betting exchanges arriving without paying over the odds for it. Try it next time you want to bet on a draw. With a little practise you can create the exact bets that you want. Football Betting Without The Risk An old favourite system of many experienced Soccer gamblers is to wait for the season to start and settle down before placing a series of wagers (to win the league) on the five or so teams dominating the league.
Lets say that you are certain that you can pick out the top five teams in the league where you feel that one is almost certain to end as the league winner. Football Betting Without The Risk Continued Lets say you have the following odds available on these top teams:
Team 1) 9/1 at bookie A Team 2) 8/1 at bookie B Team 3) 7/1 at bookie A Team 4) 13/2 at bookie A Team 5) 5/1 at bookie B If you convert the odds for each team into percentages (which also gives you your stake) you get the following stakes and profits when teams 1,2,3,4 or 5 win the league. Team 1 at 9/1 = 10% so Team 2 at 8/1 = 11.11% Team 3 at 7/1 = 12.50% Team 4 at 13/2 = 13.33% Team 5 at 5/1 = 16.67% Total staked £636.10
stake = 100 stake = 111.10 stake = 125.00 stake = 133.30 stake = 166.70
Returns 1000 Profit £363.90 Returns 1000 Profit £363.90 Returns 1000 Profit £363.90 Returns 1000 Profit £363.90 Returns 1000 Profit £363.90
Return 1000
Profit £363.90
Trading For Risk Free Soccer Bets The above staking shows an old way to cover all likely outcomes and is used by many professional Soccer Gamblers to make annual profits on the eventual league winners.
We can now go one step further. Here’s how:
With the introduction of the betting exchanges, we now have the ability to trade by betting for and against the same outcome of an event. If our calculations are correct we can guarantee a profit by trading during the duration of the bet. For example, let’s say that the Premier league or another division has turned into a two horse race. It could be that you’ve seen that Arsenal and Chelsea are pulling away from the rest of the table in one season and that Arsenal are leading the way. When you check the odds on Arsenal to win at a betting exchange, you might see quite short odds of around 1.57 (4/7) and Chelsea at more tempting odds of around 3.25 (9/4). At the same time, you notice that from the fixtures, Arsenal have a difficult month ahead of them whilst in contrast Chelsea have some relatively easy matches. So what do you do? The answer is to back Chelsea whilst their odds are high. What we want is for Chelsea to then pull off the expected wins and hence their odds will shorten whilst Arsenals odds grow as they struggle during their tougher matches. It’s not unusual for two dominating teams to even switch odds completely during such times. Look at how this transfers into profit: August 1st back Chelsea £100 at 3.25 To Win Sep 1st back Arsenal £100 3.25 To Win Result: Winning bet = £225 minus the losing bet of £100 = £125 profit (less £6.25 commission) leaves us with a nice risk free profit. At this point you might be thinking that such bets are possible with regular bookmakers. Well this is true but the bookmakers over round and odds compilers make it so that creating a guaranteed profit situation for your self is an extremely difficult task. You can end up taking risks you shouldn’t. With Betting Exchange websites you’ll find that the value in the odds allows for you to use your knowledge to trade in and out profitable bets like in the example above. You can also “ask” for the odds of your choice to see if another visitor will accept making “bookie to exchange” arbs very popular as you can always ask for a bet and the worst that can happen is that it does not get matched costing you nothing. With the ratings systems and statistical advice given in the Bookie Beating Soccer Handbook, you’ll have the tools to make more powerful and informed decisions. The Singles Bet Money Maker Occasionally we see bookmaker’s singles bets that stand out a little as being good value. This is due to bookmakers having to compile their odds early in the week so that they offer set prices on the Thursday when the coupons come out ready for Saturday’s matches. Another example of a better value bet might come from what we call “concessions” where the bookmakers offer a nice value bet with the aim of hooking in more regular users of their service.
We can’t bet the doubles or trebles at the exchanges but professionals are using a singles method (on good value bets) to guarantee a profit. Now, when we see a singles bet that stands out with a good price you should try to “lay” the bet to lose at the exchange at a price below that of the bookmakers. If your bet is matched you can either back your bet at the bookmaker for a guaranteed profit or wait to see if you can reverse out of the bet at the exchange when the market settles down. The other option is to accept other people’s bets if the price is right although it’s more likely that you will need to offer your own. To get in on these types of profits you need to get hold of and check your coupons as early as possible so that you can create your bets before the market falls in line. Get in on the live action for guaranteed profits Betting “live” is a term used for placing wagers or asking for bets whilst the event is actually taking place.
Live action betting is exciting but it does however offers much more to the professional Soccer gambler as it provides another opportunity to bet risk free or take a guaranteed profit. Here’s how: Lets say that you’ve used the information in this handbook (or a tipster) and your research shows that you’ve identified that you should place a wager on a home team win for team x at odds of 3.0 This is your wager and if you follow a successful tipster or do your homework you should find that over time you’ll make a profit and your winning bets will pay for your losing bets and leave you with a profit. In this respect, you are placing your wager and letting it run its course. However, with in action betting, if you know what you are doing you can place another wager at the betting exchange “in action” to take the risk away by laying the same team x to lose during live action.
If you back £50 on team x to win at 2/1 (3.0) you would be looking at winning £100. If you’ve done your research, during the match you should see your team go ahead and be winning at some point. Maybe it’s towards the end of the match and your team scores and is leading 1-0 and looking sure to win. It’s at this time when you can look to the betting exchange to see what you can “lay” the same team at to lose. If you find that at this time you now have the option to lay at 1.05, you can place a tiny £2.50 “lay” bet that would protect your £50 original bet because laying at 1.05 is the same as backing at 21.0 so £2.50 multiplied by 21 = £52.50 less your £2.50 stake returns you your £50. So for just £2.50 out of your £100 winnings you will have “edged” your initial wager during live action and things can’t go wrong for you if team “y” suddenly scores a last minute equaliser. Not only this if you take it further and increase your “lay” stake you’ll see that you now have a guaranteed win bet regardless of the outcome. Try it out on paper now and see. How you use this information is up to you. Some professionals make a habit of taking a guaranteed smaller profit as soon as one is available whilst others will let their bets run to their conclusion safe in the knowledge that their research will make them bigger gains in the long term rather than cutting them short by securing an arb. I would say that if you have the chance to take a guaranteed reasonable profit, to take it as long as you are not selling yourself too short. On the bets that you don’t have the chance to trade out of for a risk free profit, these are the bets that sometimes you win and sometimes you lose. If you and/or your tipster have done your homework though, you should increase your profits further over time through covering your losing bets with your winning bets plus leaving you with increasing profits. Knowing The Market and its behaviour As you can see from the above example, knowing how a match is most likely to pan out is key to making guaranteed risk free “trades” whether it be through placing one bet on one day and another a month later to level it out or whether you place a bet with a bookmaker on one day and then go to trade out of it the next day at the exchange.
This is where your research comes in which goes back to the statistics monitoring you have learned in the bookie beating soccer course. The more you do the more likely it is that you can become an experienced trader. Trying to trade without experience or knowledge is too risky and if keeping records and playing with your calculator isn’t your thing, it’s probably best that you steer clear of live trading and stick with the other methods of professional soccer betting. Backing and Laying We have seen how backing teams at the betting exchanges offer great value and you’ll see this when you compare the prices to your regular bookmaker. However we also have the ability to lay which means that we can bet on an outcome not happening.
What this means is that lets say you think a team is playing at home but you think that it won’t win. Before to bet on this you’d have to place one bet on the away team and one bet on the draw. Doing these two bets at the bookmaker would result in you paying the bookmakers over round twice which would wipe out any statistical advantage that you had. Over the long term, you’d lose. However, if the above example happens to you now, you can bet against the home team winning on an exchange without being penalised through an over round. If you are backing, you want to back at the highest possible price whilst when you are laying you want to lay at the lowest possible price. To quickly see the “back” and “lay” prices, we’ve placed a table below showing the back price on the left and its equivalent lay price on the right. Back and Lay Price Equivalents in Decimals as seen at Betting Exchanges Back Price Lay Price 72 100 1.010 70 98 1.010 68 96 1.011 66 94 1.011 64 92 1.011 62 90 1.011 60 88 1.011 58 56 86 1.012 54 84 1.012 52 Back Price Lay Price 50 82 1.012 48 80 1.012 46 78 1.013 44 76 1.013 42 74 1.014 40
1.014 1.014 1.015 1.015 1.016 1.016 1.017 1.018 1.018 1.019 1.020 1.020 1.021 1.022 1.023 1.024 1.026
38 36 34 32 30 29 28 27 26 25 24 23 22 21 20 19.5 19 18.5 18 17.5 17 16.5 16 15.5 15 14.5 Back Price 14
1.027 1.029 1.030 1.032 1.034 1.036 1.037 1.038 1.040 1.042 1.043 1.045 1.048 1.050 1.053 1.054 1.056 1.057 1.059 1.061 1.063 1.065 1.067 1.069 1.071 1.074 Lay Price 1.077
13.5 13 12.5 12 11.5 11 10.5 10 9.8 9.6 9.4 9.2 9 8.8 8.6 8.4 8.2 8 7.8 7.6 7.4 7.2 7 6.8 6.6 6.4 6.2 6 5.9 5.8 5.7 5.6 5.5 5.4 5.3 5.2 5.1 5 4.9
1.080 1.083 1.087 1.091 1.095 1.100 1.105 1.111 1.114 1.116 1.119 1.122 1.125 1.128 1.132 1.135 1.139 1.143 1.147 1.152 1.156 1.161 1.167 1.172 1.179 1.185 1.192 1.200 1.204 1.208 1.213 1.217 1.222 1.227 1.233 1.238 1.244 1.250 1.256
4.8 4.6 4.5 4.4 4.3 4.2 4.1 4 Back Prices 3.95 3.9 3.85 3.8 3.75 3.7 3.65 3.6 3.55 3.5 3.45 3.4 3.35 3.3 3.25 3.2 3.15 3.1 3 2.98 2.96 2.94 2.92 2.9 2.88 2.86 2.84 2.82 2.8 2.78 2.76 2.74 2.72 2.7 2.68 2.66 2.64 2.62 2.6 2.58 2.56 2.54 2.52 2.5 2.48 2.46 2.44 2.42 Back Prices 2.4 2.38 2.36 2.34 2.32 2.3 2.28 2.26 2.24 2.22
1.263 1.278 1.286 1.294 1.303 1.313 1.323 1.333 Lay Prices 1.339 1.345 1.351 1.357 1.354 1.370 1.377 1.385 1.392 1.400 1.408 1.417 1.426 1.435 1.444 1.455 1.465 1.476 1.500 1.505 1.510 1.515 1.521 1.526 1.532 1.538 1.543 1.549 1.556 1.562 1.568 1.575 1.581 1.588 1.595 1.602 1.610 1.617 1.625 1.633 1.641 1.649 1.658 1.667 1.676 1.685 1.694 1.70 Lay Prices 1.71 1.72 1.74 1.75 1.76 1.77 1.78 1.79 1.81 1.82
2.2 2.18 2.16 2.14 2.12 2.1 2.08 2.06 2.04 2.02 2 1.99 1.98 1.97 1.96 1.95 1.94 1.93 1.92 1.91 1.9 1.89 1.88 1.87 1.86 1.85 1.84 1.83 1.82 1.81 1.8 1.79 1.78 1.77 1.76 1.75 1.74 1.73 Back Price 1.72 1.71 1.7 1.69 1.68 1.67 1.66 1.65 1.64 1.63 1.62 1.61 1.6 1.59 1.58 1.57 1.56
1.83 1.85 1.86 1.88 1.89 1.91 1.93 1.94 1.96 1.98 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.08 2.09 2.10 2.11 2.12 2.14 2.15 2.16 2.18 2.19 2.20 2.22 2.23 2.25 2.27 2.28 2.30 2.32 2.33 2.35 2.37 Lay Price 2.39 2.41 2.43 2.45 2.47 2.49 2.52 2.54 2.56 2.59 2.61 2.64 2.67 2.69 2.72 2.75 2.79
1.55 1.54 1.53 1.52 1.51 1.5 1.49 1.48 1.47 1.46 1.45 1.44 1.43 1.42 1.41 1.4 1.39 1.38 1.37 1.36 1.35 1.34 1.33 1.32 1.31 1.3 1.29 1.28 1.27 1.26 1.25 Back Prices 1.24 1.23 1.22 1.21 1.2 1.19 1.18 1.17 1.16 1.15 1.14 1.13 1.12 1.11 1.1 1.09 1.08 1.07 1.06 1.05 1.04 1.03 1.02 1.01
2.82 2.85 2.89 2.92 2.96 3.00 3.04 3.08 3.13 3.17 3.22 3.27 3.33 3.38 3.44 3.50 3.56 3.63 3.70 3.78 3.86 3.94 4.03 4.13 4.23 4.33 4.45 4.57 4.70 4.85 5.00 Lay Prices 5.17 5.35 5.55 5.76 6.00 6.26 5.56 6.88 7.25 7.67 8.14 8.69 9.33 10.09 11.00 12.11 13.50 15.29 17.67 21.00 26.00 34.33 51.00 101.00
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