One week in ... a bit daunted by the horses!

MoneyGnome

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I started MB last week and have done OK working through the offers on PA. I now have five or six free £10 bets to use tomorrow and I thought I would perhaps move on from football to horses ... but it's a bit daunting.

Would anyone be able to point me in the right direction? I have some free bets with BetStars and 888Sport - do I just look for offers tomorrow morning to try and maximise profit, are there any offers to look out for and likewise ones to avoid?

Thanks!
 
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Jon

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I stated MB last week and have done OK working through the offers on PA. I now have five or six free £10 bets to use tomorrow and I thought I would perhaps move on from football to horses ... but it's a bit daunting.

Would anyone be able to point me in the right direction? I have some free bets with BetStars and 888Sport - do I just look for offers tomorrow morning to try and maximise profit, are there any offers to look out for and likewise ones to avoid?

Thanks!
You are probably best off placing your bets around 11am ish at the earliest
All Saturday horse offers will be in the reloads section tomorrow morning under ITV horse offers :)
 

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I stated MB last week and have done OK working through the offers on PA. I now have five or six free £10 bets to use tomorrow and I thought I would perhaps move on from football to horses ... but it's a bit daunting.

Would anyone be able to point me in the right direction? I have some free bets with BetStars and 888Sport - do I just look for offers tomorrow morning to try and maximise profit, are there any offers to look out for and likewise ones to avoid?

Thanks!
Hey, betting on the horses is exactly the same as betting on the football. The only difference is that the odds might move a bit faster and there will prob be less liquidity on the horses, so you need to double check that before placing your bets. I personally think it's easier to use your free bets on the horses, as you can go for higher odds without it looking as suspicious. And as Jon said, put your bets on late morning, the markets are a bit more stable then, as opposed to half hour before the race, when the odds are jumping about all over the place :)
 
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MoneyGnome

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Hey, betting on the horses is exactly the same as betting on the football. The only difference is that the odds might move a bit faster and there will prob be less liquidity on the horses, so you need to double check that before placing your bets. I personally think it's easier to use your free bets on the horses, as you can go for higher odds without it looking as suspicious. And as Jon said, put your bets on late morning, the markets are a bit more stable then, as opposed to half hour before the race, when the odds are jumping about all over the place :)
Thanks ... I will definitely give it a go! When you say to go for higher odds ... how high? The highest I have done so far is 5.0 ... once!!
 

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I wouldn't be scared of going up to 10.0 - 12.0. The key is to look consistent. If your making qualifying bets at the bare minimum i.e 1.2/1.5, then stick your free bet on something at really high odds, then you're going to stick out like a sore thumb. But you can get relatively good qualifying losses on around 3.0/3.5 mark.
 

MoneyGnome

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OK thanks. I have six free £10 bets to use today that came from Qualifying bets earlier in the week. They are with 888sport and Betstars. Should I just play these as I have been doing all week - just look for best match in odds matcher and aim for 80% profit - or am I looking to also quality for a horse refund on the bets I place?

I think I am getting in a bit of a pickle in thinking I'm not just finding a suitable match in oddsmatcher - but now I need to consider the refund offers as well ... it's a bit bamboozling (or am I over-thinking it???!).
 

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Check the terms for the horse racing offers, but I'm pretty sure you have to use your own money to qualify for them anyway, as opposed to using your free bets.

So yeah I would use the free bets as you normally would, using the oddsmatcher to search for close odds and set the calculator to SNR Free Bet. :)
 

MoneyGnome

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Check the terms for the horse racing offers, but I'm pretty sure you have to use your own money to qualify for them anyway, as opposed to using your free bets.

So yeah I would use the free bets as you normally would, using the oddsmatcher to search for close odds and set the calculator to SNR Free Bet. :)
RIght .. OK ... thanks! I'm off to catch myself some horses! :)
 

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I have placed my first free bet! I chose a horse at 6.0 at the bookies/5.7 lay and it says I stand to make £8.41 from that one! :)
When I went back to see if I could repeat the same bet with my second free £10 bet - the odds had changed slightly (Back 6.0/Lay 5.30) and now the profit has changed to £9.05 ... sadly I don't have enough in the exchange to cover it! :-(

I guess I will have to wait for the first one to race and then build from there!

Also ... when I look in the exchange - my bet is only partially matched (there is an entry to show £0.10p unmatched). Do I need to worry about this?
 
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Jon

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I have placed my first free bet! I chose a horse at 6.0 at the bookies/5.7 lay and it says I stand to make £8.41 from that one! :)
When I went back to see if I could repeat the same bet with my second free £10 bet - the odds had changed slightly (Back 6.0/Lay 5.30) and now the profit has changed to £9.05 ... sadly I don't have enough in the exchange to cover it! :-(

I guess I will have to wait for the first one to race and then build from there!

Also ... when I look in the exchange - my bet is only partially matched (there is an entry to show £0.10p unmatched). Do I need to worry about this?
It will probably match but have a read of this

 
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Miss Matched Betting

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I have placed my first free bet! I chose a horse at 6.0 at the bookies/5.7 lay and it says I stand to make £8.41 from that one! :)
When I went back to see if I could repeat the same bet with my second free £10 bet - the odds had changed slightly (Back 6.0/Lay 5.30) and now the profit has changed to £9.05 ... sadly I don't have enough in the exchange to cover it! :-(

I guess I will have to wait for the first one to race and then build from there!

Also ... when I look in the exchange - my bet is only partially matched (there is an entry to show £0.10p unmatched). Do I need to worry about this?
Be careful with taking odds higher at the bookies than they are at the exchange, thats called arbing and will get you gubbed very quickly. You always want the exchange lay odds to be higher than the bookies back odds.

Unless it is a price boost that is advertised by the bookies, then it's ok ;)
 

MoneyGnome

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Be careful with taking odds higher at the bookies than they are at the exchange, thats called arbing and will get you gubbed very quickly. You always want the exchange lay odds to be higher than the bookies back odds.

Unless it is a price boost that is advertised by the bookies, then it's ok ;)
Ahh .. yes ... like I have been doing all week quite happily selecting higher lay odds! The fact that the odds were the other way around didn't even cross my mind when I placed it this morning!

Thank you for the reminder - I will put it on my "schoolboy error" list together with: not using the right odds to qualify for a promotion and forgetting to press "confirm bet" on the slip!!! And these are all just in week one! :)
 

katykicker

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I once let my daughter hold my phone while matched betting. She placed a £407 bet. GUTTED. I didn't notice until it had lost either.
 
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MoneyGnome

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I once let my daughter hold my phone while matched betting. She placed a £407 bet. GUTTED. I didn't notice until it had lost either.
Ouch!! That must have hurt!

I have been doing OK with my free bets. I have just placed straight bets with my £10 ... no refunds or odds boots or extra place business.

I have had one oddity which I hope someone might be able to explain to me (in simple terms hopefully!) ... as I have read the training thing on PA about non-runners but didn't get my head around it.

Here goes:
I placed my £5 free bet on a horse at 10.0/lay 9.00.
So I laid £4.02 with a liability of £36.18 and profit of £3.82.

I have just had a look at my exchange account and see NR next to my exchange bet. When I open it up, I see the following information:
Non Runner. Reduction factor 11.11%
Original odds 10. Adjusted odds 8.89
Lay8.894.0231.724.02Won

I can see the maths but would be really grateful if someone would be able to explain to me what's happened. I might then have a chance of getting my head around in info in the PA training guide coupled with the above!

Thanks
:)
 

ivabiggun

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horses is slightly different as relies a lot more on studying form. if you really study hard ie use racing forums or racing post then there is money to be made. need to be quite savy though.
 

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horses is slightly different as relies a lot more on studying form. if you really study hard ie use racing forums or racing post then there is money to be made. need to be quite savy though.
That sounds like gambling to me, unless you mean value betting at odds over 100% overround?
 

rninja

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Looks like another horse was
Ouch!! That must have hurt!

I have been doing OK with my free bets. I have just placed straight bets with my £10 ... no refunds or odds boots or extra place business.

I have had one oddity which I hope someone might be able to explain to me (in simple terms hopefully!) ... as I have read the training thing on PA about non-runners but didn't get my head around it.

Here goes:
I placed my £5 free bet on a horse at 10.0/lay 9.00.
So I laid £4.02 with a liability of £36.18 and profit of £3.82.

I have just had a look at my exchange account and see NR next to my exchange bet. When I open it up, I see the following information:
Non Runner. Reduction factor 11.11%
Original odds 10. Adjusted odds 8.89
Lay8.894.0231.724.02Won

I can see the maths but would be really grateful if someone would be able to explain to me what's happened. I might then have a chance of getting my head around in info in the PA training guide coupled with the above!

Thanks
:)
Looks like another horse was declared a non-runner and therefore you lay bet has been reduced by approx 11.11%.
Your bookie back bet will have had a 10 pence/15 pence in the pound rule 4 deduction.
Your lay bet won at the exchange so you've made around £4 from the £5 free bet.

In future I'd advise not matched betting on arbs like 10.0/9.0 as you'll get gubbed quicker than taking less value odds.
 

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