An Overview of the Fundamentals of Betting Exchanges
We will initiate our discussion with the brief introduction to the betting exchanges. To begin with, we can define 'Betting Exchanges' as a tool that aims to bring all the punters together so that they can easily bet against each other. In fact, we can say that the sole aim of the game is to bring the two persons together, so that they can place or exchange contradicting bets. To know detailed description about the fundamentals of the betting exchanges, you are just required to pay a visit on my online e-book 'Bookie Bonus Buster'.
My e-book will let you know about various strategies mostly followed by the punters, thus placing a bet against the winning team instead of placing a bet that assists them in winning. As far as the exchange offers are concerned, it usually offers the punters with enormous benefits. One such benefit is that it tends to offer the punter with huge price money thus allowing him to place much enhanced amount as compared to the offered price for the bet.
The effective betting exchanges allow the punters to go ahead and easily make significant alterations in their betting positions, especially if the betting exchanges are associated with the long tenure events. Besides all this, there are certain times when winning betting exchange players make an effective use of exchanges. If you are betting exchanges on the part of a bookmaker there is high probability of either your account getting closed or alternatively you are allowed to place limited stakes. In contrast, if you prefer to opt for an online betting exchange, then all these limitations are not at all visible. In fact, an online betting exchange allows you to place as much of stakes as you can. Doesn't it sound great?
Another vital aspect of betting exchanges is that they allow a punter to go ahead and place a price for the bet instead of backing it. For instance, if the Leeds to win the bet is 3/1, but however you feel that it can be enhanced to some extent, thus depreciating the chances of their (opposing team's) winning. In that case, the most optimal Leeds is 7/2.
It has been observed that a lot of new players find it rather complicated as to how to make an exchange. So, don't forget that if you are sure that higher exchange price increases your prospect of winning, then you can simply adjust your offered price while backing.
Will all these fundamentals of betting exchanges, you can really make a fortune.
Horse Racing Betting System - Designing a Simple System
Putting together a system is not as difficult as it may sound, even for a beginner. The important thing, and with any betting, is that you write down every rule and follow it for at least 100 bets. You do not need to trade real money, paper trading is best at first. If after 100 bets it is in profit, you can then give it a betting bank and start gambling.
Starting an untested system with real money, and packing it in on its first losing run, putting it down as failed, will only cost you more and more money in the long term. Being patient saves you money.
So let us get down to starting a system eh? I’ll show you below how simple they are to put together, this example is profitable, so no reason why you can not follow it with a betting bank, but its yearly profits are not huge, but have a go at your own, always making sure that you understand way a rule works.
The system below is designed for National Hunt racing.
‘The NH High SR Non-Handicap Fav System’
Rule 1: Non-Handicap races only.
This ensures that we do not include handicap races, which are more difficult to get profitable systems out of. Although when you do they are more profitable than non-handicap races.
Rule 2: Forecast Favourite only (if joint VOID bet)
Just to make sure we have one clear qualifier for our non-handicap race.
Rule 3: Forecast price must be odds on.
I know that the lower the odds the more likely it is to win, although the lower the odds the smaller the profit for a new bank.
The first 3 rules of any systems I quantify as the main system rules, they ensure we have the main set of qualifiers we are looking for. Those rules after, I regard as filters to take out any facts I know are not profitable long term.
Rule 4: Horse age must be 6+
This is because in the UK, horses are not generally full wound up for jumping until they are at least 6, so those of a lower age have erratic results that do not prove profitable, so no use including them.
Rule 5: Horse must have finished 2nd or worse on its last run.
Horses that won last time out usually go off at lower odds than they should, so an edge is taken away.
Rule 6: Must be a gelding.
Geldings win the majority of races over fences, and are generally have the most consistent and reliable form.
Rule 7: Going must be Good-Soft or better.
Any softer than this and results can get a bit random.
That is it. Over the last 10 years it has produced a 48pt profit even at those low odds, and a 63% SR overall. It has had 3 losing years in that period, the worst being 5pts, but using the betting exchange prices, they would also have shown a profit.. There are around 100 bets per year.
So you can see by this example, it does not profit every year, but long term it still shows a profit, and it is long term that any professional gambler will tell you is the only time span that matters.