Just reading through this post what is rule 4? I've been doing quite a lot of racing bets but I've still not heard of rule 4.I don't want to rain on anyone's parade - I've done the last two Cheltenham's and they've been very kind to me. However, it's easy to get carried away when reading about people's big profit margins when you are brand new to MB.
Horse Racing can give fantastic MB returns, but it's also the sport that is most likely to get you gubbed with a bookie. There is always a mass gubbing by bookies after Cheltenham, always.
If you're new to MB, aren't confident with how Horse Racing bets work (if you don't know what Rule 4 means, then see that as a sign you need to a bit more research) or if you don't have much of a racing profile already established, then I recommend setting your sights lower than some of the numbers that have been mentioned in this thread.
Match Betting and Cheltenham is a long game - you don't have to go nuts on your first one, use this as an opportunity to find your feet, that way you'll be there for next years too
As for other events, yes, World Cup will almost certainly be 'big', but as it's spread over a longer period of time it's less intense.
If you can do a normal horse bet during the week then yes, if not then it is going to be difficult. There are the odd risk free offers which may be possible to do.On the basis that time off is not an option - nor are early morning bets - is it still worth doing Cheltenham?
All I will be able to do is the normal checks on PA and bets from them.
As it is guaranteed then there are two strategies. 1) back and lay as normal for as small a QL as poss and have 0 return if the horse wins but a free bet to cash in for £16 if it loses, or 2) just cover the £4 loss on the free bet (tbh with so many races and lots of long odds horses I was getting £18 back from my free bets but £4 is a good figure to go for) and get a good return on the bet if it does come in - last year the early races did not have any odds on horses and one of the favourites did come in. That Strategy 2 does give a bit of flexibility as you can back early and lay nearer the time so reverting to the first strategy if the odds have moved in your favour. Strategy 2 is more risky but I made £120 on that last year rather than the £64 I would have with Strategy 1.Sky are doing money back as a free bet if your horse loses on the first race each day. Thats a pretty good place to start and one that can be backed and laid in the morning before work.
Have wanted to post this for a while. I seen a post along the same lines but forgot to question it.
If there is a race with for example 6 horses.
And I use offers with 6 different bookies to back each horse once and lay them at the same exchange. Do I save money out of it? I was convinced I ended up better off a while back when I had a few horses in one race.
Nice stats @JonJust working on some other content around Cheltenham and I was reminded of this
The Profit Accumulator forum has a thread dedicated to profits made at the festival, in which 185 responses were posted. The stats look like this:
- The combined amount won from 185 people was £173,182.
- The average amount made was £936.12 per person.
- The approximate hourly wage (based on working six hours a day) is £39.00 an hour.
- You would need to do 5.8 hours at minimum wage (or 11.8 hours if you’re an apprentice!) to make the equivalent hourly amount.