Welcome [s3-eu-west-1.amazonaws.com] · 2015-07-15 · Welcome Welcome to Issue 5 of On Course...
Transcript of Welcome [s3-eu-west-1.amazonaws.com] · 2015-07-15 · Welcome Welcome to Issue 5 of On Course...
Welcome
Welcome to Issue 5 of On Course Profits, this month it's all about the Grand National,
but we've also got a system for the early flat season with some trainers who start things
off with a bang or more importantly start things off with a level stakes profit.
This Flat Season Flyer is our guest article this month and comes from Simon Patton of
Simon Patton Racing.
The system from our in house team this month looks at race trends to identify the
winner of the Crabbies Grand National which this year runs on Saturday 11th April.
We have nominated the likely qualifiers from the method in the article but once the 48
hour declarations are out we will send an alert to your phone or tablet with the
confirmed selections, watch out for that.
As well as our product reviews and tipster tables we also have the story of how a gang
managed to manipulate the prices from the race track to get themselves a 9,000/1
winner over 100's of slips.
And we have details of how we can use free bets and enhanced place terms from
bookmakers to bag ourselves a tasty little risk free profit from the National.
I hope you enjoy this month’s issue.
All the best
Darren Power
Click for Free Tips
Flat Season Flyer
With Cheltenham now either a very distant or lasting memory, many people are now
starting to turn their attention to the forthcoming flat season. This article looks at a
system that should help you get off to a flying start in April and May.
The main focus of the system is the trainers who in recent years (2012-14) have
consistently got off to a quick start and have delivered a combination of good strike
rates and strong profit and loss performance.
The reason we are only looking at the last 3 years is because the trends in horse racing
are constantly changing with the betting markets quickly catching up with positive
angles so we need to ensure that any systems we develop are reflecting this and are
progressive.
All the data shown is taken from the excellent Horse Race Base web-site.
So first of all let’s look at the trainers that have delivered a strike rate of around 20% or
higher (minimum of 25 qualifying races).
As you will see from the chart, there are 4 trainers who have delivered a strike rate of
20%+, I have also included R Beckett as whilst the strike rate is only just over 18% he
has delivered this over a significant amount of races and is achieving a very strong P&L
performance.
I then went on to analyse any other consistent trends that correlate across this group of
trainers. Firstly I looked at race type.
You will see that all the three race types above are producing a positive P&L
performance, however my personal preference is to maintain an overall strike rate of
circa 20% so as a result of this I will only be including Maiden and Handicap races
within the system.
The next criteria I looked at was the horse's age.
When looking at the combination of both strike rate and P&L we can see that the
strongest performance clearly comes from the horses aged 3 to 5.
I then went on to look at a number of other criteria including going, class and best
position in the last 3 runs but none of these gave any further significant improvements.
Based on the system criteria so far of;
Month; April and May.
Trainers; R Beckett, P Charalambous, A King, S Kittow, J Mackie.
Race Type; Handicaps and Maidens.
Horses Age; 3 to 5.
The results for the system can be seen in the chart below.
In summary from April 2012 to March 2015 the system has produced 292 selections
(average of 48 per month) with 61 winners at a strike rate of 20.8%. The P&L profit to
1pt level stakes is +169pts at SP and +237pts at BSP.
Many people may choose to use this system as it is above, but for those that want to be
more selective there was one final piece of criteria that I looked at. As we know many
trainers have both preferences and a stronger performance at specific courses so let’s
take a look at this data.
If we continue to work on the same strike rate principle and include only courses which
have a strike rate of 20% and over with a positive P&L we add the following courses to
the system.
Ascot, Bath, Chepstow, Epsom, Goodwood, Leicester, Pontefract, Ripon, Warwick
and Newmarket.
The final system performance including the courses is as follows:
In summary from April 2012 to March 2015 the system has produced 85 selections
(average of 14 per month) with 29 winners at a strike rate of 34.1%. The P&L profit to
1pt level stakes is +87pts at SP and +113pts at BSP.
I mentioned at the start of the article that it is very important to develop systems that are
progressive, with improving performance. If we take a look at the final chart below, we
can see that this system is improving year on year in respect to both strike rate and P&L
performance.
The choice as to whether you use the system with the courses included or not, depends
on your own betting style and the number of bets you like to place on a weekly/monthly
basis. Either way this system should be a helpful addition to your betting armoury to
kick start the flat season.
Thanks.
Simon Patton.
www.simonpattonracing.com
Advertisement
Simon Patton Racing was launched in November 2014 and my flagship service ‘Patton
Racing Profits’ has been running since the 18th April 2014.
Since launch it has delivered +500pts profit, a strike rate of 27% and an ROI of 36%
with only one losing month. The aim of the service is to deliver consistent steady profits
so there is only ever a maximum of 3 selections a day.
Get Your Free ‘Trend is Our Friend’ 7-Day Trial here
My second service ‘Trend is Our Friend’ which is based on a portfolio of Micro
Systems launched in March 2014 and is currently +400pts after its first year delivering
an ROI of 22%.
You can currently get this on a FREE 7 day trial.
Get Your Free ‘Trend is Our Friend’ 7-Day Trial here
Aintree – A method in the madness?
No sooner is the Cheltenham Festival over this year and we are waiting with
anticipation for the Crabbie’s Grand National Festival at Aintree.
The Festival kicks off on Thursday 9th April and runs until Saturday 11th April with the
final day, giving us the Crabbie’s Grand National. Over the three days of the Festival
this year there will be twenty two races and it is estimated more than 150,000 race goers
will attend over the three days.
The Grand National itself is likely to be watched by an estimated 600 million viewers
throughout the world. It attracts punters who would normally not even bat an eyelid at a
horse race, but for some reason the Grand National grabs many a non gambler and sees
them look to put a pin in the newspaper, or pick a horse from a hat in the office
sweepstake when they would otherwise not even notice that there was a race meeting
going on. Needless to say the race rakes in millions for the bookmakers!
If you speak to most people about the Grand National they see it as a lottery and feel
that any horse has a chance of winning the race, interesting given that the first recorded
winner of the race back in 1839 was called…Lottery.
Of course all horses are in with a chance but some may be in with a greater chance than
others…
This feature race is considered by many to be the most eagerly awaited steeplechase of
the racing calendar. It is a testing race with 40 runners battling the tough Aintree course
for not one, but two circuits.
The race is 4 miles 3 furlongs and 110 yards long, with sixteen of the most testing
fences in the world, 16 fences are jumped on the first circuit of the 2 and ¼ mile course
and 14 of these are jumped again on the second circuit, the exceptions being The Chair
and the Water Jump. It is the ultimate test for both horse and jockey. With the
modification though the fences are considered to be much kinder than previously and
now class has a much bigger part to play than pure chance alone.
Around 150 tonnes of spruce branches are brought in from the Lake District to dress the
jump fences, with each fence originally having being made of a wooden frame and
covered with the distinct green spruce. Since 2013 the frame has been replaced with a
softer more forgiving material referred to as “plastic birch” in the interest of safety for
both the horses and the jockey’s. There is still concern as every jockey and their mount
vie to get a good position and a clear view of that first fence. At Aintree a front running
horse is not all bad if it has true stamina as a clear view of the fences can be paramount
in not being brought down.
The flat course means that the race more often than not is run at a break neck pace and
as a jockey you hope for a good and natural jumper to carry you around unscathed.
Without a doubt every horse has a chance of winning a race like the Grand National but
there are a number of ways we can look to try and find the winner. The most common
way is by looking at a horses past form and comparing this against other runners in the
race, but there is also another approach we can adopt, race profiling.
Race profiling looks back at historical statistics which have been accrued by the past
successful winners to provide a picture of certain characteristics which are useful for a
horse to have if it is to have an enhanced chance of winning.
The profiles themselves can be created and adjusted depending on how significantly we
feel the trait should be considered and based on the data available to the profiler.
The past has thrown up a number of interesting statistical trends regarding weight, age,
official rating, and number of days since their last run and previous Aintree form which
may help us to eliminate a large number of the field before they even lift the starting
tape!
Profiling doesn’t necessarily give us the winner, but it can give us a shortlist of potential
winning candidates.
Valuable races such as The National are seen as the best for profiling as they have a
tendency to regularly be won by horses which show a particular set of characteristics.
Let’s take a look at the winners for the last ten years.
First up a little snippet of famous history, no horse other than Red Rum in 1973 and
1974 has ever won back to back Grand National’s, and although it would be great to see
Dr Newland, an amateur trainer, win again statistics suggest that this is unlikely.
Neither the winning trainers nor the winning jockeys can shed much light on a possible
winner trend or pattern given the last ten years data, though the pairing of W P Mullins
and Ruby Walsh at the time of writing make us think they may be ones to look out for at
Aintree given their first day successes at the Cheltenham Festival.
Distance – The 4 mile plus course is a genuine test of stamina. Generally speaking any
horse which has not won over three miles or further can be discounted immediately so
we can draw a line through those who haven’t been “the distance”. The last horse to win
the Grand National having NOT won over three miles previously was Gay Trip back in
1970.
Course Experience – Previous experience over the fences at Aintree is a definite
advantage. Seven of the last ten winners had already had a trip over the fences so it
would pay to take notice of those horses that have had a previous run at Aintree. If they
have been successful we can assume that they are not intimidated by the size of the
fences. If a horse fell or unseated its rider last time out it may pay to take them out of
the equation as these fences are something else and are not for the faint heated.
Form / Class – All the winners from the past ten years have had an Official Rating of
137 or greater, and don’t be put off if they have had a run within the past month to six
weeks. Many of the winners had actually had a run within the previous month. Also all
but Ballabriggs and Pineau De Re had previously won a Class 1 / Class A race.
Weight – In the last 20 years only one winner has carried more than 11-6 around the
course and distance.
Every additional pound of weight counts, particularly if the going comes up on the soft
to heavy side and zapping stamina.
Six of the last ten winners and fifteen of the last twenty winners have carried 11 stone or
less.
Age – Every winner in the last 10 years has been 9 years of age or older. Experience
and maturity count. Based on historic records we can dismiss all horses aged 6 and 7 as
we need to go back more than 70 years to find a winner in this age bracket. Statistically
in the past horses aged 11 years or older had not been successful either, but the last three
years have bucked that trend winning at prices of 33/1, 66/1 and 25/1. So, keep in mind
horses aged 9 years and over. (Only 3 horses in the last thirty years have won the race
aged 8, Bindaree, Party Politics and Corbiere).
Breeding - Mon Mome in 2009 was the first French bred horse in more than a century
to win the Grand National, and yet again another historical trend is broken in recent
years. In the last six years Mon Mome, Neptune Collonges and Pineu de Re have all
been French bred. This may be due to the fact that in more recent years there has been
an increase in French bloodstock in the yards of the likes of Mullins and Nicholls to
name a few. It may well be that we see more French bred horses in the future so we
shouldn’t discount them completely.
Price / The Market – Interestingly in the last 10 years five of the last 10 winners have
been priced at 25/1 or greater, admittedly Mon Mome was exceptionally priced at
100/1, but don’t be put off by a healthy price. We are looking at 40 horses and jockeys
looking to jump 30 fences over a four mile course. There is always a chance that things
can go against them or go for them. It’s not the lottery it once was maybe but getting a
clear and unhindered run is still paramount in the minds of jockeys and trainers.
Cheltenham – Racing at Cheltenham and Aintree are two different animals completely.
Don’t look to Cheltenham form to transfer to Aintree. Look down the field at
Cheltenham for potential Aintree runners…..
The Method
1. A list of the horses currently entered for the Grand National can be found by visiting
www.racingpost.com and clicking on Cards and then Big Race Entries.
Clicking on Big Race Entries will bring up a list of forthcoming races and scrolling
down you will see Grand National on April 11th.
Clicking on “Card” will bring up the list of horses currently entered together with their
race information, weight, ratings etc.
Clicking on “Betting” will give the current Ante Post Prices.
Of the 87 horses currently still entered (as at 11th March) only 40 will actually be able
to race. So we will need to look again after the 48 hour declarations have been given to
see who has made it in to the handicap and to see our definitive list of runners.
Currently, assuming that all of the horses shown enter the 48 hour declaration the
runners will be:
2. Looking back at our profiling we can exclude any horse which will be carrying more
than 11-6 – Crossed out in black. This takes out the first five horses.
3. Then exclude any horse aged less than 9 years of age, and those aged 12 or older. –
Crossed out in red. This takes out last year’s winner, but given the statistic of back to
back winners we shouldn’t worry too much.
4. All of the remaining horses in the current list have an Official Rating greater than 137
however a number haven’t won a Class 1 / A race – Crossed out in purple.
5. Lose any horse from the list which has not had experience at the Aintree course –
Crossed out in green.
6. Now remove any horse which has not won over at least three miles or more - Crossed
out in blue.
So we at least have managed to reduce our potential 40 runners down to just 8
candidates given the list of runners remain unchanged. Given the nature of the race, and
based on the current entries and Ante Post betting we’ll look to back three horses each
way against the field at reasonable prices.
Rocky Creek 14/1
Al Co 40/1
Carlito Brigante 66/1
Remember that many of the bookmakers may offer five or even possibly six places so
shop around on the offers before placing your bets.
When the final declarations have been made we will run through the above criteria
again as we may have a number of changes before the race on the 11th April. We'll
send an alert to your On Course Profits app with the final selections :)
Good luck.
© 2015 Blue Delta Marketing Ltd
Advertisement
www.RacingConsultants.co.uk
Only £9.99
Product Reviews
Welcome back. This month another four new services to review and our regular updates on those
systems still currently under the microscope.
BST Ratings Service.
Cost
Lay Service and Win/Place currently £40.00 per month each.
Full Service currently £60.00 per month / Quarterly £150.00.
This is a horse racing service which consists of a morning email with advice as to
whether to place your bets as a win, place or as a low odds lay.
There is an odds cut off for the lay bets of 5/1 (6.00 decimal).
The Trial
All of the results are being reported at Betfair Starting Prices.
This service has been followed since the 20th January, and as at the end of February the
results were as follows:
Win bets – 51 selections of which 25 were winners (strike rate 49%). A good strike rate
is being achieved but unfortunately we made a small loss of 2.50 points. This is
probably to do with the fact that many of the winners were starting at odds on. We can
imagine that there would be a reasonable profit if you were able to take the benefit of
Best Odds Guaranteed early prices.
Place bets - 110 selections of which 63 were placed (strike rate 57.2%). Again a small
loss of 3 points at Betfair Starting Prices but taking the early odds may well have
improved this result.
Lay bets – 170 selections with 111 losing their races so a strike rate of (65.3%) and a
profit overall of 25.70 points. The lays were at prices between 1.27 and 5.9, and a third
of these were below 2.00.
It was a pleasant change to see a laying service doing well and we will continue to
monitor and report again next month. Let’s hope that the positive results continue.
Conclusion - Looks promising. Find out more about the BST Ratings Service Click Here.
One Point Wins
Cost
Currently £20.00 per month / £45.00 quarterly / £60.00 half yearly.
This is a flat / AW service which we have access to for one month and as the name
suggests it is a simple 1 point win staked at Betfair SP on all of the selections provided.
The Trial
With 19 winners from 82 selections there was a minimal loss of 0.54 points.
We have managed to agree a further month’s access following the poor results and we
will see what next month brings.
Conclusion - The Jury's out.
You can find out more about the One Point Wins service - Click Here
Bet Alchemist
Cost
New Members offer - £15.00 for first month (50% discount).
Normal price £30.00 per month. / £79.00 quarterly.
This service concentrates on the bigger races and therefore the majority of betting is
down over the weekend and on the big meetings.
The Trial
The bets suggested so far have been 1 or 2 point bets as the service looks for value and
as such the majority are each way bets.
So far we have received 19 selections and 4 winners and a profit of 5.60 points, and an
ROI of 23%.
We are hopeful that Cheltenham will deliver further profits as we have already received
7 ante post bets.
Conclusion - Check back next month.
Find out more about Bet Alchemist - Click Here.
Tom Nelson Racing
Cost
£4.95 for first 30 days (New Members), £29.95 per month thereafter / Quarterly £69.95
a/ Lifetime membership £149.95.
Horse racing selections advised with suggested staking by email daily. The numbers of
tips advised are on average between 60 and 70 per month.
The Trial
We started the trial for this service on 6th February and to date there have been 16
winners from 50 selections and a profit of 24.88 points at advised prices.
However, yet again we find a service which takes no account of non-runners and the
subsequent Rule 4 Deductions.
For example, a 3 point each way selection at 100/30 in a seven horse race. Three horses
were withdrawn and therefore only 4 runners went to post and the selection won the
race but at 8/11. The website was showing the win at the 100/30 price and hence 12
points profit, the actual profit being closer to 3 points, a big difference.
But, a profit is a profit at this is showing even at Betfair Starting Prices. A further month
or two will give us a much clearer picture of their true worth.
Conclusion - The Jury's out.
Find out more about Tom Nelson Racing - Click Here.
Systems Updates
Sequence Lays
Sequence Lays is a daily horse racing laying service from the Probetting Club Stable.
This system advocates increasing your stakes after a loser and stopping at a winner. As
we reported last month this can be a little unnerving when the knock on effect is that
you can potentially be staking over 25 points to win 0.95 points.
We decided to have a look at the results if we had laid based on a level stake method, if
we had laid to a liability and if we use the retrieval backing system suggested.
Level stakes lays – The resulting profit/ loss to date -5.00 points.
Laying to a liability – Resulting profit / loss to date -1.80 points.
Laying using the retrieval system and stop at a winner – Resultant profit / loss to date
+19.95 points (but a note of warning….)
The 9th February there were three selections ALL of which won their races and
therefore were losing lays.
Staking one point on the first horse to win 0.95 points after commission for the next lay
meant trying to retrieve a loss of 32 points the following day. This required a stake of
34.69 points on a selection trading at 2.59 and therefore risking a further 55 points –
fortunately after holding breath this horse lost and was a winning lay…phew!!!
This is definitely not one for the feint hearted!
Find out more about Sequence Lays – Click Here.
Value Football Betting
There are still some significant developments going on with this service, and as the
saying goes, all good things come to those who wait.
Let’s hope that it doesn’t disappoint.
Just in case you can’t wait…find out more about Value Football Betting now – Click
Here.
National Hunt Specialist
February was a good month for this service with 23 winners from 76 selections and a
profit of 42.21 points.
So far over the review period there have been 158 winners and 40 winners with an
overall profit of 49.41 points.
The profit figures are shown to Betfair SP which is the fairest way and removes any
complications regarding Rule 4 deductions for non-runners.
With an ROI% of 15.63% and only two months into the review we will hope that when
we report next month we can continue to offer our praises.
More information on the National Hunt Specialist – Click Here.
Exchange Profits
Our review on Exchange Profits concludes this month.
The month of February reported the best backing results so far over the review period
with a profit of 19.65 points to advised stakes and odds.
The laying side of the service however continued to make a loss, this month some 50.00
points, with our total loss over the three month period running to 129 points.
For a system which says it reports consistent profits this service over the three month
period was overall disappointing.
Find out more about Exchange Profits – Click Here
Fallers and Failures
Our review on Fallers and Failures concludes this month.
Of the 22 selections given during the month of February 17 lost their race, however the
losing bets were at average odds of 4.29 and therefore were significant wiping out any
gains made, and we had a loss of 0.30 points after 5% Betfair commission.
Over the full three month review period we ended positively but only to the tune of 2.00
points!
Given the claims of 20 points profit every month we have yet again another
disappointing service.
Find out information about Fallers and Failures – Click Here.
© 2015 Blue Delta Marketing Ltd
Advertisement
www.BookiesEnemyNo1.com
Click Here for more Information
Another freebie from the bookies
anyone?
Well, if you’re offering…it would be rude not to.
After having done so much work selecting our bet for the Grand National isn’t it galling
when that big priced horse you have backed each way finishes just out of the places.
Swearing at the television makes us feel better but it doesn’t change the fact that our
hard earned money has been lost.
What if you could ensure that you win either way, and better still what if you actually
have the chance of winning not once but twice on the same horse? What?
As we have mentioned in previous issues the bookmakers want to give us free money
and the Grand National will be no exception.
If we take a visit to www.oddschecker.com you will see a tab at the top entitled “Free
Bets” and this will bring up the current free bets and "special offers". We are
particularly interested in the special offers.
Many of the bookmaker’s offers will be listed here, and come Grand National Day you
can be sure that they bookies will be clambering to attract your hard earned cash.
Regularly each year there is will usually be a bookmaker who will offer enhanced place
terms and pay each way on five places instead of the standard four places. On occasion
one or two will even look to offer six places.
Nearer race day we will be surprised not to see some bookies offering these enhanced
terms and combining them with a “Welcome Bonus” offer (see Issue 1) which can be
rather lucrative if you know how to play the figures.
First of all open a new account with a bookmaker offering the enhanced place odds of
five. Check the Terms & Conditions to ensure that you can use your free bet on an
each way selection. You need to ensure that your free bet will be credited to your
account in full if you place an each way bet, for example SkyBet Terms & Conditions
read – “ Simply place your 1st single or each way bet on any sport market at odds of
evens or above, and we will match the stake, pound for pound, up to £50”.
From the Grand National race card look to find a horse that stands a chance of finishing
in the places, ideally fifth!
Let’s assume that the bookmakers free bet offer is to the value of £25.00, and they will
let us stake our money on an each way bet, so £12.50 each way.
You could look to use our profiling method to make your selection, although ideally try
and choose a horse from the first five or six in the betting. The assumption will be that
they should run well, and as we are going to look to lay the horse on the betting
exchange such as Betfair we do not really want to be laying at high prices. To lay at the
higher priced end of the market will tie up and require significant funds in your Betfair
account. We’d like to lay at a shorter price if possible, but if not as close to our back
price we can.
Just for note Betfair also offer new member bonuses so if you haven’t opened an
account with them yet it may be worth your while to do so.
Let’s assume that we have chosen our horse and that the selection is being offered at 9/1
or 10.00 in decimal prices.
The each way terms for the race will be ¼ the odds for a place. The Betfair rules for the
Grand National TBP (To Be Placed) market also states four places.
Our back price, 9/1 ÷ 4 = 2.25 (plus your stake gives decimal odds of 3.25) on the place
part of our bet.
Over on Oddschecker we can pull up their Hedging Calculator, our trusted tool for
scalping the bookmakers.
If you are unsure how to access this check back in our previous Issues for step by step
instructions.
1. In the “Back Price” box enter your decimal back odds, in this instance 10.00.
2. In the “Back Stake” box enter £12.50 (this is the win part of our bet we are working
with now).
3. In the “Lay Price” box insert the Betting Exchange “Lay” price. In most instances
this will be slightly higher than your back price so we will assume a price of 10.70 for
this example.
4. Leave the commission rates as unchanged. You will not pay commission on your
back with the bookmaker but you will pay commission with Betfair which we will
assume is 5%.
The calculator shows that “you should lay” £11.74 in the win market at 10.70, and
whether your horse wins or loses you will lose £1.35.
We have used this type of calculation in previous Issues as a way to scalp Welcome and
Deposit Bonuses.
This time we are going to also repeat the exercise for the place part of our each way bet.
Previously we have backed and laid for win only bets.
Our place price is 3.25.
Our stake is unchanged at £12.50, remember we are betting with the bookmaker £12.50
each way to a total stake of £25.00.
We will assume that our Betfair “Lay Price” in the place market this time is 3.50.
The calculator shows that “You should lay” £11.78 at 3.25 in the place market and
whether your horse wins or loses you will lose £1.31.
You will need approximately £150.00 in total in your Betfair account to cover all of
your lay liabilities in the win and place markets on the exchange.
So, credit the bookmakers account with the £25.00 needed to place the bet, and place
your £12.50 each way on your selection, then immediately place your lay bets on the
win and place markets on Betfair.
Now you can turn on the TV and watch the race knowing that in fact you have had as
good as any a free bet on the Grand National.
What are our possible results?
1. Our horse runs an absolute blinder and wins the race!
Your bookmaker will return to your account £125.00 on the win market plus £40.63 on
the place part of the bet giving a total of £165.63. We need to deduct our original total
stake of £25.00, leaving us a profit of £140.63.
BUT
Your lay bets on Betfair will have lost so you will lose £113.85 + £29.44 = £143.29.
Your net profit = a loss of £2.66.
However, when the bookmaker settles your bet they will also give you your free bet of
£25.00 so you will in fact be in profit to the tune of £22.34.
2. Your horse runs well but finishes 2nd, 3rd or 4th.
The bookmaker will pay out your place winnings of £40.63 less your original stake of
£25.00 is £15.63 profit.
Your win lay on Betfair will have won so you will have a profit of £11.74.
Your place lay on Betfair will have lost so you will have a loss of £29.44.
So overall you will make a loss of £2.07, but you will have your free bet worth £25.00
so therefore there will be a net profit of £25.00 – £2.07 = £22.93.
Now here comes the good bit…
3. Your horse finishes 5th.
The bookmaker pays out as part of their special terms which is a profit of £28.13.
Your Betfair lay bets win too which means you profit £11.74 + £11.78.
So you make a total profit of £51.65 AND you get a free bet worth £25.00.
Total profit £76.65 – Thank you very much.
So on race day make sure that you search for the best offers and if possible combine
them.
If you can find a bookie offering six places go for it, but you can be sure someone will
be offering five places.
Now we have the basics of betting and laying under our belt, next month we will be
taking a look at alternative ways we can use “arbitrage” for what is considered to be
“risk free betting”.
© 2015 Blue Delta Marketing Ltd
Advertisement
http://footballforecasts.uk
A Coup from the Past – The Dagenham
Coup.
On June 30th 1964 a gang of 125 men decided that Dagenham Greyhound track was the
perfect place to stage a betting coup which stood to cost the off course bookmakers
millions.
Three weeks previously they had attempted to rig the Tote pool at the track but were
foiled, undeterred they returned to the track and this time no one would spoil their plan.
The mastermind behind the plan was a man named John Turner.
Turner hired a hall and gathered 125 friends plus a few others suggested by friends and
told them that he hoped to win a substantial sum of money with a little help from them.
He was at pains to say that it was perfectly legal. All those who helped would be paid a
nominal sum and a commission if the coup worked and they managed to get paid out.
Eighty of the group would be placed at the track at Dagenham and the remainder would
be going around the country to the off-course betting shops.
He employed the men to monopolise all 28 of the Tote windows at the Dagenham track
placing bets in a race where he felt confident that two of the six dogs in the sixth race on
the card stood no chance of winning.
Some of the men took up their positions at the Tote windows before the betting had
opened and standing their ground they refused to allow anyone else to reach the
windows. A few of them placed combination bets on the two dogs he felt were highly
unlikely to win whilst the others each bought a ticket on each of the remaining 12
combinations involving the four other dogs.
Once his workers had gone into action on course the odds moved and Turner had orders
relayed by phone to other helpers near the betting shops throughout the country who
used the track odds. The men were told how to bet and they used the same combinations
as those placing the bets on the track.
In total some 11,000 bets were placed on the two outsiders which meant that in turn
significantly bigger odds were offered for the combination bets he placed on the other
four dogs in the race.
So in essence what they did was to over-bet the no hoper dogs at the track tote so the
price on those was very short but the price on the dogs that could win was huge.
Then the bets placed off course were placed at tote odds IE the huge false prices created
by the bets on the no hopers!
The result of the race was:
Buckwheat – 1st at 2-1
Handsome Lass – 2nd at 9/2
The tote dividend odds came in at 9217-1 on the combination!
Turner held one winning ticket at the track, but the bet had been repeated some 300
times by other individuals at off course bookmakers. There were also an undetermined
number of winning tickets elsewhere for those individual punters who had bet
unwittingly on the winning combination.
Due to the size of the dividend the declaration had to be announced over the speaker as
the Tote’s indicator board could not cope with the astronomical amount but, once
announced, things started to move against the gang quickly.
The plan itself was so successful that the off course bookmakers liabilities were
astronomical. One leading bookmaker was even quoted in the Sporting Life as saying
that there would not have been enough money in the Bank of England to meet all of the
liabilities that the bookmakers had encountered.
News came from the track came that any payment of winning dividends was going to be
withheld pending an inquiry and that interestingly ten minutes before the race started
the telephones at the track had gone dead only to be miraculously restored to working
order shortly after, and therefore an investigation was needed.
The police were called by the Dagenham track but later issued a statement saying that
their investigations had not shown any cause for them to investigate further, However
fifty bookmakers who had got together that evening issued a statement saying that under
the auspices of the National Sporting League they had unanimously decided to void all
forecast bets on the race.
The everyday unsuspecting punters were up in arms as they too were to be penalised by
not having their winnings paid out even though they had been totally unaware of the
shenanigans which had been going on at the track.
A further development came however when Charles Layfield of the National Sporting
League condemned the bookmaker’s announcement adding that “the result of the
enquiry must come first before any statement is made. If Dagenham stewards say that
forecast bets on the race are void then all such bets are void. But if they decide to pay
out on the declared dividend to the winning ticket holder, then we will have to think
again”.
Five bookmakers very quickly issued a law suit against Romford Stadium Ltd the
owners of the Dagenham greyhound track for allegedly failing to operate their Tote
properly, and a suit against Turner and three co-defendants, for allegedly procuring Tote
odds by unlawful means. The grounds of the suit against Turner were that under the
Betting Gaming and Lotteries Act of 1963 the riggers had prevented the general public
from accessing the Tote windows and therefore the race should be null and void.
Turner argued for his defence in court that he had done nothing wrong and had not
interfered or done anything to manipulate the outcome of the race. The dogs could just
have easily lost as won. The men he had employed at the Tote windows could well have
placed the wrong bets and the women taking the bets at the windows could easily have
made mistakes.
Romford Stadium in their defence argued that its responsibility was only to ensure that
Tote was mechanically sound, and it had been.
The plaintiffs argued that betting was based on trust and reasonable behaviour. They
used the analogy of if you expect to pay £2.00 for a steak in a butchers shop and the bill
comes in at £75.00 would this be legal? It would not be reasonable behaviour if the
butcher gave you the higher bill.
They also said that the odds are “as a result of the opinions of substantially all the
people attending at the course who desire to and should be able to, put money in to that
pool”. So, by the men blocking other punters from placing their bets, they had
manipulated the odds.
The case came to trial in the High Court more than a year later.
In a separate action John Turner took Romford Stadium to court claiming his winnings
of £987 11s 9d on his 2s bet on the race.
Romford Stadium contested both Mr Turners claim and that of the bookmakers.
The plaintiffs argued that the Dagenham stewards would have been able to clearly see
how many bets had been placed at the Tote windows and on which dogs. It was also
pointed out that there was a direct telephone line between the Tote and the stewards.
They explained that the six dog race had provided 30 possible combinations for
forecasting the first and second dogs. By backing 18 of the 30 possible combinations the
“conspirators” fed a large amount of money into the Tote pool on what they considered
to be certain losing bets. It was claimed that Dagenham stadium officials must have
been well aware that a coup was taking place and that it was their legal duty not to
declare a dividend.
Punter Alfred Parker gave evidence on behalf of the bookmakers. On the day on
question he tried to place a £30.00 bet on a three dog combination forecast on the race,
and he was told in no uncertain terms to go away. He recalled that one man appeared to
be placing the bets whilst another in the queue was feeding him money.
On the sixth day of the hearing John Turner told the court how he had arranged the
coup. He said he didn’t like the word coup and preferred the word “method”.
He referred to an article he had read which had been issued by the Bookmakers
Protection Association. It described attempts to manipulate the Tote as “sharp practice”
but “not criminal”.
He said he had told the men to go to the windows in an “orderly fashion” and on no
account was there to be any trouble.
He stated to the court that he had had no involvement in the phones going dead 10
minutes before the race and he had no reason to do so insisting that no bookmaker could
have guessed what was going on and telephoned the stadium.
He admitted that he had had 35 men and women putting the bets on with off course
bookmakers and 90 men inside the track covering the Tote windows.
Mr Justice Paull commented that he felt Mr Turners “method” was “a bit too clever”
and that it would have been a far clever scheme if those monopolising the Tote windows
had monopolised ¾ rather than all of the windows, and thus reducing suspicion.
One thing Justice Paulll did find surprising was that the stadium officials knew
“something funny” was going on but that they did nothing about it; he also let it be
known that he had been personally approached in an attempt to influence him in the
case! He had received a letter but stated in the court that he had not opened it and read
its contents as the envelope clearly conveyed the message intended.
At the end of the ten day hearing the final ruling came in and the Justice ruled for the
stadium against the bookmakers saying that the track was not at fault.
He described it as a “battle of wits” between Turner and the off course bookmakers and
he felt that Turners scheme was in no way founded on fraud and that no attempt was
made to conceal from the bookmakers the coup taking place.
He made note of the fact that based on the evidence presented to him Turner had been
carried round the track in Triumph after the race, that the race had been fairly run and
that the result was a true one.
The coup was described by the Justice as “brilliantly successful”.
With regard to the claim against Turner he argued that as the “basic condition of any
forecast bet laid with a bookmaker at tote odds on any dog race is that both bookmaker
and the backer are to be bound by the odds arrived at as a result of the opinions of
substantially all people attending at the racecourse who desire to and should be able to
put moneys into the forecast pool.”
“If it can be proved that as a result of a concerted effort, the result shown on the tote is
completely at variance with the condition I have mentioned, then whether the backer has
or has not taken part in the concerted effort, the bet is off”. That means that in law any
claim on the bookmaker as the result of a forecast bet on this race would, in my
judgement, have failed”.
The Tote bet however was legal and Turner should be paid out his winnings. He added
that the correct settlement for off-course bets should be a “return of stakes”. He also
added that if the bookies decided to make any token payments it was entirely their own
affair, but this was directed at the “innocent” punters who had placed their bets
unwittingly.
How many bookmakers offered more than a return of stake is unknown but we can
probably assume that there weren’t many, if any!
© 2015 Blue Delta Marketing Ltd
Advertisement
http://valuebacking.com
Click Here for full details - http://valuebacking.com
The On Course Profits Top Ten
Our On Course Top Ten looks to search out those services which over the past three
months have actively produced either, a good strike rate and modest profit or a good
rate of return with a lower strike rate, ideally both.
If your gambling style is risk averse, and you are someone who struggles to handle the
losing runs, then search for a Tipster who is providing a good strike rate with a
reasonable ROI (Return on Investment). That way you can look to earn steady profits
and stand less chance of suffering long losing runs.
If you are a high risk taker and happy to wait out those long losing runs then you can
look to those Tipsters who may have a considerably lower strike rate, but who tip those
larger priced winners which often give a greater ROI overall.
All of our top ten services are collated based on their performance over a three month
period recorded at level stakes.
If you are new to betting and have time to shop around then you should certainly look to
make the most of the Best Odds Guaranteed prices.
Our Tipster Top Ten based on returns to Best Odds Guaranteed.
No 1 - Value Backing - Strike Rate = 22% ROI = 40%
Carl Nicholson's Value Backing is a horse racing service providing on average a couple
of bets a week, but targeting those bigger priced value selections and looking to
continue making a steady profit. Last month saw his Value Backing Extra service in the
Top Ten, so it may well pay to keep a good eye on these services.
Find out more about the service.
No 2 - Simply The Bets Online The Nosebag - Strike Rate = 37% ROI = 20%
The website claims that the last three years have all been winning years with a
consistent strike rate and a consistently positive ROI. They are in our Top Ten again
this month and so the service is obviously doing something right. They are certainly
being consistent.
Find out more about the service.
No 3 - Bet Alchemist - Strike Rate = 27% ROI = 20%
Another service which is featuring regularly is Bet Alchemist and this month it has gone
back up the leaderboard. It is a tipping service which currently offers regular profitable
selections. It uses a combination of win and each way bets placed at the top end of the
horse racing market, betting on both National Hunt and Flat racing.
Find out more about the service.
No 4 - Lucky 7 Naps - Strike Rate = 24% ROI = 18%
A re-entry to the Top Ten is the Lucky 7 Naps. There was a slight drop in profits in the
early part of the year but they have done well to recover and surpass their previous high.
Let’s hope that we see them still here next month and that their profits continue. A
"specialist racing profits syndicate" which claims to offer "consistent cash profits".
Find out more about the service.
No 5 - Back Lucrative - Strike Rate = 18% ROI = 18%
Another from last month which has in fact moved up the table is Back Lucrative. With
both a steady strike rate and ROI they continue to produce profits from their selections.
A straight backing tipster service offering a developed betting system producing a level
stakes profit and how to find value.
Find out more about the service.
No 6 - Simply The Bets Online AW Racing Tips - Strike Rate = 29% ROI = 17%
We have another climber with Simply The Bets AW tips up from number 10 last month.
The website claims the last three years have all been winning years with a consistent
strike rate and a consistently positive ROI and it looks as though currently they are
living up to their claims.
Find out more about the service.
No 7 - Winners Galore - Strike Rate = 29% ROI = 14%
Winners Galore “throw the form book out of the window” and look to use their
knowledge gained from “the people in the know”. They claim to regular visit gallops
and have contacts who are “owners, trainers and stable boys”. They provide a few main
nap bets daily, usually between 2-5 selections delivered by email.
Find out more about the service.
No 8 - Martins Better Betting Lay Tips - Strike Rate = 68% ROI = 12%
Martins Better Betting Lay Tips has risen one place in the Tipster table. He offers a
level stakes laying service, offering daily selections at Betfair Starting Prices at 3.0 or
below. Both the strike rate and ROI have remained consistent.
Find out more about the service.
No 9 - Fuse Bets - Strike rate = 30% ROI = 10%
Fuse Bets is a new entrant offering both horse racing and football bets which are
emailed out daily, together with live evening “in-play tips”.
They also donate £5.00 of every subscription to the Injured Jockey’s Fund.
Find out more about the service.
No 10 - Pro Racing Tips - Strike Rate = 27% ROI = 12%
Pro Racing Tips comes from Chris Williams. Betting on the more fancied horses his
biggest priced winner has been 5/1 according to the website as he looks to minimise
long losing runs, however he does state that he “always makes sure” that his “bets have
value”. He also offers a low cost two week trial.
Find out more about the service.
Your Ad Here
If you would like to advertise in On Course Profits then please click this link and raise a
ticket in our help desk.
Tell us a bit about what it is you would like to advertise and if it's a tipping service or
betting system include details of what proofing you currently do.
We'll then get back to you with rates and availability.
Click Here
The On Course Profits Monthly Method
Update.
The Midnight Legend *
Our Midnight Legend method came to an end on the 28th February and we finished
with a healthy profit over the three months of December through to February.
For the three month period we produced the following results:
1st December 2014 – 28th February 2015
158 selections
28 winners
63 placed (including winners)
Win strike rate 17.72%
Place Strike Rate 39.87%
Points Profit 30.17 (BSP) = level stakes ROI 19.09%
* Conclusion - Definitely one to follow for winter 2015 / 2016.