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Jun 22

Modern horse racing is a sport that originated in England in the 12th century, the history behind this popular sport started when Arab stallions were imported into the country and bred with English mares to produce a breed of horse that was specifically designed to race.  Initially horse racing was an event restricted to the aristocratic classes and VIP figures in society. The well known title given to horse racing ‘The sport of Kings’ was born back in the times when king Charles II was head of the monarchy and gave it this title to show his passion for the sport. Eventually however horse racing caught on with a mainstream public audience and in the 1700s numerous tracks were opened around the country and horse racing was transformed into a recognised professional sport.

In today’s world horseracing is a sport that has global appeal and most westernised countries have purpose built racetracks to accommodate popular demand. For the beginner the world of racing can seem a confusing place with different classes of race, breed types and racing surfaces all adding various variables into the mix.  The two most common and popular racing types today are ‘flat racing’ and ‘national hunt /steeplechases’ The major difference being between the two are that national hunt races encompass obstacles that the horses must jump over. Handicaps are also applied to certain competitive racing this is designed in theory to give the entire racing field an equal change of winning as weights are placed in the best performing horses to make the race a fairer event and more exciting to watch.

Horse race betting is equally confusing as understanding the fundamentals of professional horse racing. Bookmakers offer a pleefra of different bets to punters from each-way bets to Yankees and bizarre accumulators. Most folk who don’t regularly have a bet usually stick to straight win bets or each-way bets which rewards punters if the horse is placed in a race.

To win long term at horse racing is no easy task to say the least it takes a lot of time, effort and motivation to turn a few horses running round a track into hard earned cash, as is the common knowledge that 98% of people that gamble are losers.  To win at horse racing you ideally need connections within the sport inside information can give great insight into horses that are up and coming and that are in form. A savvy well informed punter is one that can justify his decisions in a world where corruption is big business…..well fancied horses that can not cut the grade to come first in the race are often are told to finish outside the place markets so they can be laid on betting exchanges….which is a good way to recover betting stakes.

Many professional gamblers and hobbyists these days follow betting systems or methods. These can be quite complex and there are numerous websites offering subscriptions on in depth racing statistics. Their also appears to be a massive demand for people also selling their systems online too. Many of them that have popped up are ‘laying’ systems that are designed for the betting exchange markets. Suffice to say most of these betting systems are nothing but junk and following them will send you all the way to the poor house very quickly. The only two systems and methods that I currently use to give me consistent profits are the FP System and the value horse method.

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Apr 29

Sports trading is another great way to compile some extra money too if done correctly. The key to successful sports trading is not to get over greedy.

Sports trading works by using movements in the betting exchanges backing and laying markets to open and close positions on various sports events. Below are a couple of examples of how I have used sports trading to profit from betting exchanges.

euro 2008 football tournament in switizaland

I backed Holland to win the tournament at the start with  odds taken at 16 decimal. After their first match they beat Italy 3-0 Holland’s odds of winning the tournament fell from 16.0 to 8.0. When this happened I swiftly traded out of the bet by laying them on betfair to secure profit. Even though Holland did eventually get knocked out of the tournament I still managed a decent profit.

Wimbledon 2008

I hedged my bets in this trade by backing both Murry and Nadal.

Murry was at odds of 50 at the start to win the tournament, after his first three matches his odds fell to 30. I traded out on the murry bet to green up on all possible outcomes.

As Nadel was joint favourite for the tournament his odds of winning were only around the 3.5 mark. I decided not to trade out on Nadal as the Murry trade meant that i was green on all outcomes anyway.

Despite not trading out on Nadel he happened to win anyway so I came away with a great profit.

Trading styles

There are plenty of different methods and techniques that you can adopt in sports trading; I personally prefer to stick to long term trading on events such as football/tennis/golf tournaments and antipost bets. I find this approach more profitable.

Other people i know prefer the quick ‘in and out’ approach making trades on specific football matches. For example a popular approach is backing and laying the ‘draw’ market on betfair. Trading the correct scores market is also a popular  too on the exchanges.

Sports trading doesn’t necessarily have to be confined to sport either i placed a successful trade on X Factor (im ashamed to say) for a group called JLS last year at the beginning…the odds of them winning halved as they reached the final weeks. The same trading principals can also be applied to numerous other events such as politics and trading currency pairs.


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Apr 27

Matched betting definition
Matched betting by definition is a form of arbitrage that allows you to generate risk free profits by using free online bets in conjunction with betting exchanges. Using an appropriate matched betting strategy appropriately you should be able to compound a decent amount of profit within the regions of £700 to £1000.

Matched betting strategy
To apply a matched betting strategy you need to open a ‘betting exchange account’ such as betfair and also a ‘bookmaker account’ that is offering a ‘free bet’ promotion.

Matched betting works by placing a bet at the bookmaker and then laying (betting  against) it off at the betting exchange, essentially all your doing when applying a matched betting strategy is hedging your bets to create a profitable scenario that eliminates risk. The value in matched betting exists because of the ‘free bet’ entity. If online bookmakers were to stop offering free bets tomorrow matched betting would become obsolete.

To apply a matched betting strategy you’ll need to place two separate bets. Firstly a qualifying bet using your own money, and then another bet using the free bet stake. A typical example of how it’s done is shown below.

Real life matched betting example - using a £50 free bet

Qualifying bet
Bet type: Qualifying bet- £50

Event:Bolton v Fulham: Saturday 14th March

Bet: Bolton to win

Odds: Bookmaker odds: 2.1 | Betting exchange lay odds: 2.16

Profit /loss: £-2.73

Free bet
Bet type: Free bet- £50

Event:Barnsley v Crystal palace: Tuesday 17th March

Bet: Draw

Odds: Bookmaker odds: 2.2 | Betting exchange lay odds: 2.45

Profit /loss: £33.53

Matched bet overall profit: £30.80

The figures above all include betting exchange commission set at 5%

Matched betting Tips
When matched betting the idea is to maximise profits the higher the free bet stakes the better your overall return will be. A £50 free bet is much better value than a £10 free bet for example. From personal experience I have found the best time to take advantage of high value bets are when special events are taking place. A prime example is the famous ‘Cheltenham horse racing festival’ in March. For some reason at this time of the year bookmakers love to give big free bets away that you normally cannot get at other times of the year. An example this year (2009) is ‘ladbokes’ they were offering a free £200 bet throughout the festival. To qualify all you to do was open an account place a bet and you would receive a free bet to the same value. This type of great offer never seem to materialise at others times of the year. So take advantage when they come along.

Another important tip when matched betting is to also take higher odds on your free bet stakes, if you follow this rule your return will be better, this is because most bookmakers will retain the free bet stake, so in order to maximise profits you must take larger odds. If the free bet is indeed retained by the bookmaker I tend not to place the free bet at odds any lower than 3.0 in a decimal odds format. This strategy I find gives me a fairly good return on investment relative to my free bet stake.

To learn or find out more about  matched betting and for free tools including a matched betting calculator and matched betting guide take a look at www.onthesmartmoney.com

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