BETFAIR

[Chrome Prince]

I'm amazed at the very little talk on this forum regarding laying horses on Betfair.

Note the time of this post, whilst a little weary, I'm doing quite well laying favourites in the U.K and U.S.A.

Anyone else having a crack?

Perhaps Mark could share some ideas apart from his own "back the field" method.

Anyone welcome to join in :wink:

[Mark]

I'm turning over around $1,000,000 per year making books on UK races nearly every night, that are over 100%.
Recently won 65 days in a row. People still tell me it can't be done. I'm not a religious person, but for me, Betfair is a godsend.

[Dan]

I actually purchased price predictor pro for this purpose. It's actually quite hard to find a losing system that would work on betfair. You would probably need to stick with s/p's of 10/1 and under probably show a LOT of at least 40% for a laying system to be viable.

Are you using a system Chrome or just reading the form?

[Chrome Prince]

I'm not specifically using a system, just laying all favourites in fields of 10 or more.
I listen to the track odds come over the net radio just before the off, and lay the favourite if I can get less than the bookies on track price.

Last night there were strange movements indeed. Oncourse a horse was 11/2 Favourite and I got $3.40 on Betfair. That horse went into $2.80 then blew out to $5.50!

So after cursing I stood to payout too much, I actually got a much better price.

[Dan]

My guess is this would work quite well given the liquidity available on betfair on uk racing these days. The price on the fave on the uk market seems to be very close to the sp. What's the liquidity like on us racing?

Do you lay just seconds before the off or anytime the price dips below the bookie's?

[Chrome Prince]

On 2004-08-12 18:36, Dan wrote:
My guess is this would work quite well given the liquidity available on betfair on uk racing these days. The price on the fave on the uk market seems to be very close to the sp. What's the liquidity like on us racing?

Do you lay just seconds before the off or anytime the price dips below the bookie's?


US racing is not quite that of the UK, but I really need a net radio service for the US races to make any decisions. I only just started looking at the US recently, so it may be better than I indicated.

I listen to the readout over radio which comes about 5 mins before the off, then they update 2 mins to jump with how the betting is going, I usually bet within 2 mins to jump unless I see a glaring opportunity.

[Dan]

Do you have a link for the net radio?

[Chrome Prince]

Dan, I don't have one for the U.S. yet, but the best audio, prices, commentary and race calls are here:

http://213.249.252.242/racingradio/

(you need to have Windows Media Player for it to work right I think).

[Dan]

Thanks for that, i assume the link only works when the day's racing is about to begin?

[Mark]

Try http://www.espn.com-horse racing, you should be able to watch some US races. I used to use http://www.northamericanracing.com but it seems to have disappeared.

CP
Do you listen to UK races on willhill radio?

IMO you can't beat UK races for value, volume & volatility. A word of warning re US races, they don't always start at the advertised time. I've seen them jump 30 minutes late, but also go off 10 minutes early.

[Chrome Prince]

On 2004-08-12 19:20, Dan wrote:
Thanks for that, i assume the link only works when the day's racing is about to begin?


Just tried the link and they seem to run all the time with previews, racing news etc. Much like our sport dedicated stations.

[Chrome Prince]

On 2004-08-12 19:32, Mark wrote:
Try http://www.espn.com-horse racing, you should be able to watch some US races. I used to use http://www.northamericanracing.com but it seems to have disappeared.

CP
Do you listen to UK races on willhill radio?

IMO you can't beat UK races for value, volume & volatility. A word of warning re US races, they don't always start at the advertised time. I've seen them jump 30 minutes late, but also go off 10 minutes early.


Thanks Mark,

I used to listen via WillHill, but found far superior coverage and race commentary on the link I posted above which is Sportinglife.com (a link from their site).

[Dan]

hmmm it's not working for me. I have windows media player. Windows media just says it can't open the file.

[Chrome Prince]

If you can't access it via the link I gave you.

Go to sportinglife.com

The link is on there somewhere.

I have media player version 9 and just copied and pasted it to the forum, so perhaps it has to be loaded prior.
Sorry Dan.

[Chrome Prince]

Dan, Mark and others interested,

I found a page for audio/video which is free and you don't need an account for U.S. races.

There is a whole lot of links on the right hand side for individual tracks next to "see it live".

http://www.capitalotb.com/

P.S. Dan, did you manage to get that other link working?

BTW, the liquidity in U.S. and RSA (South African) racing is very thin indeed.

<font size=-1>[ This Message was edited by: Chrome Prince on 2004-08-19 01:45 ]</font>

[Dan]

Yes I did Chrome thanks. I had to go through the sportinglife website to get it though. How's your laying been going? I haven't had a chance to try your method out yet.

[Chrome Prince]

You really have to be disciplined and patient, but it's worth it.

I might go 5 races in a row with no bets or lays at all, then something jumps out as a real lay or bet opportunity.

I can't believe the overs some people will give, compared to the bookies boards in rare cases.

I've seen even money favourites at a lay price of $1.40 and a bet price of $2.50 (never simulateously though!).

[kenchar]

Chrome,

Good to see you working from odds and not form. :smile: