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The blue box is your traditional back bet, and the pink one a lay bet. For the purpose of this example, we are going to show you how to place a lay bet on Paris Saint-Germain. Once you click the pink box, the selection will show on the bet slip on the right hand side of the screen.
Once you add the selection to your bet slip, you can add the stake. The number circled below is your liability, and potential payout if the person taking your bet wins. If there is someone who already has cash in the system at the same price, the exchange will match your bets immediately. Otherwise, you must wait for someone to take the price which you have offered.
This is how our betting exchange of choice for this example, Betfair, make their money. But as we mentioned previously, lay betting is vital for matched bettors. Matched betting is a process which turns bookmaker free bets into withdrawable cash, with little, or no risk. Because lay betting is important for matched bettors, OddsMonkey have teamed up with the number one betting exchange, Betfair, to make life so much simpler.
It was developed to make finding suitable matched bets easier. Previously, this would be a long, frustrating process. To get a better return with matched betting, you need to find an event where the bookmaker price is close to the exchange price. Our OddsMatcher tool scrapes the data from every bookmaker and betting exchange, and allows you to filter for suitable bets.
In the past, it was a point of reference only. But time is of the essence in matched betting. Prices are constantly changing, so you need to be quick. So what did we do? We spoke to Betfair, and with some technical wizardry, we integrated Betfair into our platform. What a great position to be in!
No more sweating that photo finish! Your worst case scenario is that WhatADonkey the original leader kicked clear and went on to win the race easily. Now this can happen quite often, but the good thing about this system is that you know your maximum liability is only that one single bet. You can only ever lose one bet, but you can potentially win many. We've seen races where four or five horses can get matched that this price, which creates excellent profits. The trick to this method is understand which races are suitable, and what prices to set your lay bets.
This is where the true strategy of this system comes into play. In the next article, we'll explore some additional options for this strategy and also talk more about the best conditions to put it to work. Check out our best spread bets and player probs for the slate right here! Some good results last week saw SmitsTips go 2 out of 3 in his A-League betting tips, and this week we have Billy Bestford set to continue the form with his Matchweek 8 preview.
Check out his best bets of the A-League round here! Some warm weather around the country this afternoon, so thankfully we have a couple of twilight horse racing meetings to get stuck into for today's best bets. Round 5 of the NBL season gets underway on Wednesday night with the first of eight games for the round. Check out our best plays from some of the best value games right here!
The best Australian sports betting sites ensure safe and successful online betting for punters. Here's our list of the best betting options in Australia. Julian Vallance from Sportsbet takes us through some of the key factors which he uses with pricing upcoming horse races such as performance ratings. Check out his video from Sportsbet here.
Over-Round is an important concept for both punters and sportsbooks. It's how Australian sportsbooks make money! All punters should understand over-round, how to spot it, and how to find better value on the Betfair Exchange. Ever wondered why you can get such great odds at Betfair in comparison to other online bookmakers?
We break down why that is the case and why Betfair isn't just for professional punters here read more. The AFL season starts on March 18th and we hope to see a somewhat normal season after a challenging season in Can someone knock them off their perch this season? Check out the latest betting odds here.
Footy is back with the AFLW season set to kick off tonight! The Kangaroos have been installed as the pre-season premiership favourites with the Dockers, Blues and Demons also among the contenders. The countdown is on until the BBL10 season officially gets underway!
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The nag finished third? A variation is the Quinella, correctly picking the first two finishers in either order. Trifecta Like the Exacta, but this time you have to pick the top three finishers in the correct order. No easy task, but most tracks now allow for cent minimum Trifecta bets.
Trot first, then gallop. Odds and Strategy A horse going off at odds of will have a lower payout than a horse going off at odds of, say, But a horse with odds probably has a better chance to win. But, naturally, anything can happen in any particular race. Actually, the best strategy for a first-time bettor is not to worry about a strategy. Pick a horse because you like its name or number or colors.
Check out any horses, which have recently won a race and bet on them. These horses will most likely be strong contenders and in top form. They are frequently submitted to avoid penalties from the handicapper. These horses gain momentum once they reach their prime. To lay a horse simply means to bet against a runner. As you select the suitable race, the next step of this strategy is to identify the 3 favourites of the race and analyse their odds. Once you have selected the top three places in the race, you need to proceed to pick out the runner that have odds of between 3.
This is when you bet on a horse that has lost his last race but previously won races. All you have to do is check the history and the rankings of the horse. This is still a strong horse with notable wins therefore it is still a viable and top contender in the race. The horse who lost the last race could be overlooked and might have better odds than it usually would and therefore allows this strategy to be more practical in the long run.
This is one of the most successful horse betting strategies in the sport. The dutching system is for the more mathematically disposed individuals if you are not cut out for such a thing than skip this system. An outline of this strategy explains that when you bet on a selection of horses, you will cash out the same amount of money in every instance, no matter the end result and winner. The end result of this system does involve some calculations that are essential in this system.
They might seem complicated to comprehend but relatively easy to grasp and you could also use online sites to help you generate the answer. Here is a bet calculator, which you could opt to use to help you with the Dutch system. You need to first enter the total amount you would like to stake and the betting odds for each one of your selections.
The advised amount to place on each bet and the possible profit will be updated instantly. The dutching system begins by first finding a race with a number of runners, preferably more than You would then need to select two of the top three ranked horses with prolific odds. After doing this you can move on to working out the implied probabilities from the odds provided.
The strategy will work on the terms that the horse ranked second in the last race. The jockey riding the horse on the day of the event was riding the horse for the first time. The same jockey is riding the horse for the second time on the day of the race. This strategy is built on the relationship the jockey has with the horse.