question for the Pros'
 

I recieved several flyers yesterday for fixed odds from various sources, for the Van Heusen today (as well as others) a quick calculation told me that I needed to invest $103.66c to return $100 at the odds offered from one particular source, I was surprised by this, and by taking the best odds from 3 different sources it was reduced to $97.1 to return $100.

In other words $2.99 profit from every $97.1c invested (or 3.08 %) NO RISK

Am I starting to think in the right way here or does it not happen often enough to make any real money from it?

Partypooper,

I'm not a pro by any means, but what you have discovered goes on nearly every day. The work and time involved to find it and benefit from it properly is extreme to say the least.

That's why there are "traders" and "punters".

One has to scan every nook and cranny to find where one bookie may be offering a little too much on one runner against the others.

But be careful, sometimes they get this percentage back when a late scratching or deadheat occurs.

Check the fineprint and terms and conditions carefully.

Also remember that you are making $2.99 per $100 invested, which is only 2.99%, therefore to make it a worthwhile return you have to invest $10,000 to make $299.00 - sure it's no risk, BUT only if they don't claw back 20% through non runners, late scratchings, protests, a withdrawal/deposit processing fee, or a deadheat. You could potentially be left with a loss of a few thousand.

If it all adds up to no risk - then go for it.

Thanks for that Chrome, hadn't even thought of all the latter, and in fact it would go against the grain for me.

I would prefer to operate on an ALL IN basis (no penalty) so that at least you know you are going to make your % (albeit small) no matter what.

But, Deposit PROCESSING fee! huh! ? they can run & jump that's for sure!

If anyone can enlighten me as to where I should bet; to avoid the pit falls as outlined by Chrome; I would be very much obliged!

How about this [slick] one:

'At least 15 tips per week and you only pay $5 a tip for winning tips only'.

Cute !! [think about it].

Crash, (a) this idea addresses something that you previously reckoned is IMPOSSIBLE, i.e. making a profit from racing purely on a MATHEMATIACAL ($) basis, in fact you could have absolutely no knowledge of horses/racing at all, as you are on the winner everytime making a small % no matter what wins!

What is your reply to this???? not having a go, just wanting to hear that maybe you were wrong on this occasion ????

(b) Not really following the thing about the tips??? any GUARANTEE that you will make a profit overall??

Wrong about what Party? If you mean 'It's impossible to make a profit from punting[?] Well, point me to my post where I ever said that [?] I've made a very nice little pile of pennies this year off the punt [which I'll probably give most of back to the bookie during the spring].

The idea of yours I quoted isn't punting [gambling] though is it? 'NO RISK' means no gamble. No risk gambling is an oxymoron :-)