Posts Tagged ‘Computer betting’

Finding Value – Value bets and extracting maximum profit

June 18th, 2009 Comments off

Finding value is the key to making profit long term from betting.  Not one single punter wins every bet he/she makes, in fact just getting a good winning percentage can be hard.  Don’t give up if you have a few loosing bets because the good news is that if you make sure you find the value you will profit long term.

Value simply means finding better odds than the chance of it occurring.  A crazy example might be a football match, lets say England v Andorra.   The realistic odds for England winning at home might be around 1.2, but lets suppose you see the odds available at 1.7?  This is a value bet it gives England roughly a 58% chance of winning the game, where in actual fact the probability should be more like 83%.  If you could pick a bet like this every day then you would be very rich.

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F1 Betting: Spanish Grand Prix

May 10th, 2009 Comments off
Spanish Grand Prix Betfair Trading

Spanish Grand Prix Betfair Trading

My initial trading bets with Rosburg and Glock didn’t really pay off, but after tracking the practice and qualifying it was clear that Rubens was going to be good in the early stages of the race. I backed him just before the race started and layed him after the first lap.

I placed bets on each of the drivers during the race, but couldn’t get that much on Button as he was always looking good and the odds were always low. I took a screen shot towards the end of the race as seen above. As you can see, no matter who wins the race at this point a profit will be made.

Trading on betting exchanges can be great if you think you can predict the flow of a race or game.

Note: Never bet with any money that you are not prepared to lose. This system is a high turn over system with the aim of long term profits; it is not designed to be used for single selections. Always form your own opinion when betting and do not blindly follow tips.

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