Tag Archives for Betfair

Betfair Chase (the Lancashire Chase) (class 1) (5yo Plus) Winner ?112,660?

Who Do You Think Will Win ? 21st November Haydock
I Am Going For Kauto Star Obviously
But a Forecast Of
1.Kauto Star – Best Price On Sporting Bet 13/10
2.Madison Du Berlais – Best Price On Bet 365 6/1

Matched Betting On Texas Hold ‚em Poker, Betfair?

Can anyone please advise us? We’ve been doing matched betting on texas hold ‚em via Betfair. We’ve run many tests with software etc, and also done 3 lots of our own hard cash, resulting in one day’s winnings over ?78, one lot breaking even and one of a loss of about ?35.
We’ve used quite complicated and tight rules at the beginning and were finding that hardly any hands were being played because it didn’t meet the criteria etc, so loosened up a bit and allowed for more hands to be played i.e. raising the initial lay odds limit and so on.
Our question is this, from those who have actually done matched betting on texas hold ‚em, not other sports – which do you think is the most important rule to not deviate from to allow greater ratio of wins? Is it keeping the lay odds as low as possible, or the number of outs above a certain number (currently we have it set to not play if less than 10 outs) and lastly, is it relevant to set a trigger to not play the favourite if it contains an Ace?
Also, has anybody found that the best time to play is on the weekend and not during the week days?
On our best day we had a hit rate of approx 82% but today this has gone out the window! Would really appreciate people’s thoughts on this, and if we have the basics correct on the whole and just need a little tweaking lol.
Many thanks :)

Matched Betting On Texas Hold ‚em Poker, Betfair?

Can anyone please advise us? We’ve been doing matched betting on texas hold ‚em via Betfair. We’ve run many tests with software etc, and also done 3 lots of our own hard cash, resulting in one day’s winnings over ?78, one lot breaking even and one of a loss of about ?35.
We’ve used quite complicated and tight rules at the beginning and were finding that hardly any hands were being played because it didn’t meet the criteria etc, so loosened up a bit and allowed for more hands to be played i.e. raising the initial lay odds limit and so on.
Our question is this, from those who have actually done matched betting on texas hold ‚em, not other sports – which do you think is the most important rule to not deviate from to allow greater ratio of wins? Is it keeping the lay odds as low as possible, or the number of outs above a certain number (currently we have it set to not play if less than 10 outs) and lastly, is it relevant to set a trigger to not play the favourite if it contains an Ace?
Also, has anybody found that the best time to play is on the weekend and not during the week days?
On our best day we had a hit rate of approx 82% but today this has gone out the window! Would really appreciate people’s thoughts on this, and if we have the basics correct on the whole and just need a little tweaking lol.
Many thanks :)

Does Anyone Have Any Good Betting Tips For An Event On Betfair?

Anyone got any tips? I can’t be bothered to look through, so let me know if there is something you fancy. I backed Barca at 6.5 for the champions league, and my moeny is looking good….

Betting Exchanges and the World of Gambling

Betting Exchanges

Betting exchanges are a interesting new phenomenon in risk markets which has turned the conventional bookmaking and gambling business on its head. Betting exchanges are gaining credibility and influence all the time and with each month that passes seemingly another country legalises the complete, and it would seem that it is only a matter of time before the large exchanges are completely legalised and recognized worldwide.

Another great attribute of a betting exchange is that if you don’t like a price you can post a price of your own on the and then see if anyone one else is ready to ?match? you and thereby take your bet on. Put very simply, betting exchanges are a safe place where members of the betting public can exchange bets with each other incognito, at odds that they specify themselves. It seems that as betting exchanges are the way of the future, many companies have jumped on the band-wagon and have started new betting exchanges.

The Odds

Odds offered by betting exchanges on average are about 20% better than those offered by traditional bookmakers. When you compare odds at betting exchanges to odds at bookmakers, you should take the commission into account as you don?t pay commission at the bookmakers. There will still be occasions when a normal bookmaker will offer more attractive odds than those that are available on the exchanges. The odds you offer obviously need to be sensible in order to be matched, but if you are not satisfied with the current price being requested by other punters you can simply leave an ‚order’ in the exchange at your odds and hope that somebody eventually takes your offer. The attractiveness of using exchanges is there is no bookmaker, which means there is no edge built into the prices, which often results in significantly better value prices. Pro-gamblers work on thin margins, there are some that enjoy greater margins but they are the few, generally speaking most pro?s work to small margins and so a 20% increase in odds despite the commission which can be as high as 5% is a huge boon.

Betfair ? No.1 Player

Betfair is the dominant player in the betting exchange market, with an estimated +85% market share by value. Betfair’s exchange boasts a high degree of liquidity, across an extensive range of sports betting markets, alongside a professional customer service operation and a fully incorporated phone and internet betting facility. Unlike an established bookie, Betfair has no vested interest in the outcome of an event and therefore their interests are 100% in line with those who oversee sport.

In-running (betting while a sport is being played) is one of the features that really makes betting exchanges like Betfair come alive. The phenomenal success enjoyed by Betfair and others in the last 18 months is testament to the appeal of the product to the betting population.

Sports Betting

Sports betting is concerned with predicting sports results, while using the conclusion of a particular sporting event to make a bet. Horse racing and soccer are the largest volume markets but tennis, cricket and other popular sports also supply a significant amount as well. As sports bettors become more informed gamblers, an increasing number of players will move to the betting exchanges. For sports betting there are over fifty different sports on the exchanges covering events from 122 different countries.

Trading On The Betting Exchanges

Trading is like any other profession, it takes time to learn and there are hurdles to overcome. And as financial exchanges have proven to be efficient mechanisms for trading shares, options, and other kinds of securities, so have the betting exchanges proven successful in the world of online gambling. The numbers of people betting from home utilising the talents of the internet, continues to grow at breakneck pace and one of the largest areas of growth in Britain is online trading, both in sports and other markets. Exchanges are particularly good for dealing with in-running events, where using trading techniques similar to those used in financial trading, or by spread bettors, you can secure in a guaranteed profit before the conclusion of an event.

Why Pick Betfair

Betfair offers the best services at the cheapest prices, is completely transparent in its operations, is readily available, accessible from anywhere round the globe, and is easy to use. Do we need any more reasons May be not but there are more reasons to go for Betfair. Let’s go over the advantages of using Betfair.com one by one in the order of their significance.
The most important point is that there is no bookmaker. The one who lays a bet is also a user like the one who backs a bet. There is no arbitrage income make by any middlemen. This saves the spread losses and the backing prices are higher than those offered by bookmakers. Also in traditional betting setup, the bookmaker’s books cannot be seen and one cannot calculate the arbitrage losses. At Betfair, no book is built, arbitrage loss is nil, commissions are well defined, and hence there is complete transparency.
Secondly, a user can back an outcome as well as lay a bet. In a traditional market, only a bookmaker lays a bet. Laying a bet means taking the other side of the bet. The one who lays a bet wins when the outcome is negative and vice-versa. Laying bets then by backing especially when there are multiple outcomes possible makes more money. This opportunity, not available in a bookmaker’s office, is present on Betfair. This is good when betting on sports like cricket/football/rugby/tennis/ motor racing etc. You have the ability in a game/match/race to back and lay according to what is happening. The odds change quite dramatically when a goal/try is scored and with multiple goals/tries the odds see saw giving you the chance to back and lay to win no matter what the result is. Laying systems can also be used with betfair.
Next important point is the control offered to the user by Betfair. Odds are not decided by Betfair but are placed by the user himself. Market forces define the odds just as in the financial markets where bids and offers decide the price movement. User can decide whether to back or to lie. He can bet while the game is on. He can monitor and participate in a number of different games simultaneously happening in different parts of the world.
Betfair is racing towards the number one spot in the world of gambling at a rampant pace. Its increasing market share means more than just rising commissions and more business. More gamblers, implies more volumes and more volumes implies more liquidity. When a user wants to bet on a particular event, the most important thing is that there should be someone to take the other side of the bet. At Betfair, high level of liquidity assures him that there will be lay betters for his backings and back betters for his laying. Sometimes, this point alone suffices for a gambler to enter the Betfair arena. This is how liquidity acts in a self-fuelling manner to create more liquidity and lead to efficient price discovery.
The betting opportunities are far greater with betfair with in running betting. Winning bets of odds of 999/1 are far more common than people think. You would never get those sort of odds with a traditional bookmakers.
There are also a few people that put up to ?16000 on every horse in a race at odds of 1.01. These sort of bets use high speed bots. The bets are set up and only taken when a horse reaches 1.01 in the betting which is usually just before the winning post. The thinking behind this is, there are often over 30 races a day and to make 1 percent of your money on each race means they can make around 30 percent a day. The bad thing is when a horse gets pipped on the line when well clear and you lose your money. So long as this doesn’t happen more than once in a hundred races which is only about 3 ? days racing they do make a lot more than a bank pays interest.
All in all, Betfair is a great betting exchange that is improving by the day and the advantages it offers at a minimal cost are unbelievable, yet true.

Football is More Fun When You Bet on Your Team

For more resources about the Dutch versions of <a href="http://www.betinfo.nl” rel=”nofollow”>gokken op sport or even about <a href="http://www.betinfo.nl” rel=”nofollow”>betfair please review this page http://www.betinfo.nl
Coolest Girl On The Planet

Lay Betting on Betfair Tips and Secrets – a Backer or a Layer Which One are You?

Millions of pounds profit is made each year by the bookmakers. They make most of this money simply by taking back bets from people who think that the outcome of an event will win. This is known as the traditional way of ‚back’ betting. The bookmaker keeps your stake money if the bet loses. If the bet wins the bookmaker pays you your winnings. You become the ‚backer’.

A ‚layer’ is the complete opposite of a ‚backer’, it’s basically the same as playing the role of the bookmaker. Since the introduction of betting exchanges such as Betfair, you now have the unique opportunity to lay bets in the same way as a bookmaker. If the outcome of the event that you lay bet does indeed lose, then you get to keep the stake money just like the bookmaker. You become the ‚layer’.

As people say „you don’t see a poor bookie very often”.

Therefore, you may ask the following question:-

If you can make money from lay betting in the same way as a bookie, by being a ‚layer’, why would anyone want to be a ‚backer’?

The answer depends mainly on your own personality and what your expectations from lay betting and gambling are. Let me explain …

The back bet – typical ‚backers’ attitude …

Someone looking for a ‚quick fix’, knowing that each time they make a back bet the odds are stacked firmly against them, they are lured into ‚backing’ based purely on a hunch, or a betting tip, maybe from a mate at work. The temptation is too much to resist, with the prospect of a good win looming, simply for handing over a relatively small amount of money.

If you enter a bookmaker’s premises you will often observe many ‚gamblers’ with their lists of lucky numbers, betting tips, hot tips etc, going about the same routine always used to make their selections. A couple of minutes before each race, they hurriedly glance through the race card, make their selection then run to the counter to place their back bet, then invariably watch it lose. The strange thing is that they follow this same pattern race after race, day after day, week in week out ‚ and the bookies love them!

Now, I realise that not everyone fits into the above categories. Sometimes, ‚backers’ will put in that extra effort needed, to help them arrive at their betting selections, by studying form, analysing stats, or maybe you have access to good quality betting tips and advice etc.

If you fall into this category because you have developed your own unique method for selecting that really hot horse in a race, or statistics might be your thing, giving you a profitable edge to your favourite sport before you decide on that all important back bet. If so, I wish you luck because you have done extremely well, but you are very much in the minority.

The lay bet – typical ‚layers’ attitude …

There is one very important thing that most ‚backers’ and ‚layers’ are likely to have in common ‚ they both want to make as much money as possible in the shortest possible amount of time. Whilst that is true, there are vital differences, the ‚layer’ now has access to the Betfair lay bet, therefore is more likely to be better prepared and more patient, while not expecting to make a killing from just one lay bet.

Patience will play a big part in all successful ‚layers’, their attitude to risk will be much better adjusted, knowing that their profit will come over a period of time by strictly following a good staking plan, they will only lay bet when their system indicates a strong lay betting opportunity.

Now we all know that it’s much more difficult to pick a winner, than it is to pick a loser. Therefore, unlike the ‚backer’, the odds are stacked very much in the ‚layers’ favour as far as the probability of a successful lay bet is concerned.

However, the inexperienced ‚layer’ needs to be careful that they don’t become over confident, by making lay bets on events that they know absolutely nothing about, or by falling into the trap of thinking that lay betting is easy.

On the other hand, the modern clued up ‚layer’ will stick rigidly to what they know and will only lay bet when they feel completely confident in their selection process. They will never over commit themselves because they will be following a good solid staking plan, using money set aside purely for their lay betting activities, not using money that is needed to pay the household bills.

To be ultra successful at lay betting on Betfair your aim should be geared towards winning around 9 times out of 10. This is realistically achievable. Remember you are looking for losers, not winners.

I do hope that you have enjoyed reading this article and it helps you to decide whether you are a ‚backer’ or a ‚layer’.

As you have probably guessed by now, I am definitely a ‚layer’.

Which one are you?

-Lawrence Taylor-

ABOUT THE AUTHOR: Lawrence Taylor will show you how to harness the power of the Betting Exchanges to win 9 times out of 10. Discover his unique <a href="http://www.topbettingsystems.com/” rel=”nofollow”>Football Lay Betting System than can turn ?1,000 into ?20,000 (or more) per year. For free results and information about the fascinating world of lay betting, go to: => http://www.topbettingsystems.com
Jigsaw Puzzle

Betting With Betfair

Betfair is an innovative concept and a successful business model that has the potential to kill the traditional betting systems. The most crucial factor that makes Betfair a big success is the lack of bookmaker, the middleman. There is no bookmaker. Players on both sides of the bet are users of Betfair like you and me. The odds are not decided by any bookies or Betfair, but by the market forces created by bids and offers made by users. Lack of bookmakers leads to a total transparency in the system and creates a level playing field for all the parties involved. To be able to appreciate this advantage, let’s see how a bookmaker operates.
In the traditional market, when you place your bet at a bookmaker’s office, you back a particular outcome. If the outcome is in your favour, you win money and the amount you make is decided by the odds set by the bookmaker. On the other hand, bookmaker takes the other side of the bet. So if the outcome is against you, he keeps the money that you bet. In betting parlance, we say that the bookmaker lays the bet for you. As the bookmaker goes on collecting bids from his clients, he sees to it that he has equally opposing odds so that if he loses to one client, he wins from some other client. The odds that he sells are such that the arbitrage position always wins more for him than it loses.
Effectively, he always makes some money irrespective of the outcome of the event. This process of selling odds such that the bookmaker himself stays in a neutral position is called as making a book.
Let’s take a simple example to see how a bookmaker makes money. Suppose a bookmaker is taking bets for a soccer match in which there are only two possible outcomes. Suppose he finds two gamblers willing to bet on the two opposite views. Both the teams are equally good and no one has any special advantage. The bookmaker would put the odds at 4-5 and 4-5 for both the possibilities. If both the gamblers bet $100 each, then the winner would get $180, he would make a profit of $80, the loser would lose $100 and the bookmaker would pocket a cool $20 without knowing anything about soccer. Same bet on Betfair would make it possible to create odds of 1-1 for both the contestants in the absence of a bookmaker. Moreover, the odds would be decided by the bids placed by the players themselves. The winner would make $100 on $100 (minus some miniscule fees) and not just $80. This is how absence of a bookmaker can reduce commissions drastically, especially the immeasurable hidden costs which cannot be known without actually seeing the entire book of the bookmaker.
The greater the odds of the horse, the bigger the odds on betfair. A horse at 33/1 can be anything between 40/1 and 80/1. The favourites are normally .2 to .5 better and the discrepancies in the price get greater as the price gets bigger, giving fantastic value on backing horses.
The next best thing is the ability to lay horses. This brings a multitude of opportunities into play ie arbitrage betting or trading. This takes away the gambling and it protects your bank.You can back a horse to win and then lay it to lose protecting your bank and either giving yourself a free bet or winning on any outcome. This is also available on in running betting where the odds on a horse can quite dramatically change. Just for example on Saturday night may 24th 2008 a horse called Harlov won, beating Take a stand in a photo. There was ?16 placed on harlov to win at 999/1 yes that is right 999/1. Take a stand was backed for ?16000 at 1.01 and lost. I will write more about this type of betting in another article. The best laying system I use, you can see by following the link.

Are There Any Betting Sites Like Betfair Legal To Use In The Usa?

I am temporarily based in america for the next year and have just realised that i cant access my betfair account.. Does anyone know of any other betting site like betfair that i can access legally from the usa?