What I have found of interest, is to set the market at 118% which is the TAB take, then bet the double overlays on ones top 2 selections only.
I looked at this with many tipsters top 2 selections & nearly all of them made a loss at level stakes.
Their average top 2 SR was 36%
Yours maybe higher.
But, if one only took their double overlays of their top 2
Nearly all showed a profit.
To work out the double overlay, one has to convert it to fractional odss first.
e.g. $3.00 = 2/1
Example
$3.00 rated runner . Double the price minus one.
$3.00 x 2 = $6.00 -1 = $5.00 is the double overlay price one needs.Not $6.00
2/1 + 2/1 = 4/1 = $5.00
Now, one way to bet this selection once one has found a double overlay, is to bet it at your assesd price to take out a set amount.
e.g. Takeout amount $100 bookies price $10, your price $4 , remember one needs the horse to be at the double overlay price $7.00+ before one considers it to be a double overlay qualifier, anything more is a bonus.
$100 / $4 assesed price = $25 O/L
If it wins at $10 , you get back $250 for a $225 profit.
Another way of doing this is have a Base bet amount , say $20 & if the $4.00 selection double overlay price needed is say $7 & $10 is on offer, this represents a double overlay ratio of 10 / 7 = 1.43:1
Now bet the base amount $20 x 1.43 = $29 O/L
If it wins at $10 one gets back $290 - $29 = 261 profit.
In other words , the greater the double overlay , the more money that is placed on it.
"Are ya feelin lucky punk! Well are ya? "
This is the method the late great, Don Scott used.
He made a fotune using this method.
Unfortunatly he came undone chasing the Trifectas, so let that be a lesson to us all.
It takes patiece to run with this idea but one way to address this, is to set ones double overlay price, with a book maker set at a min price accepted at best price fluctuation.
So, one surgestion would be to use both rating services that one is looking at because both will deliver similar results long term.
. Target their top 2 selections only.
. Bet the double overlays on their given prices.
. Use a bookie like IAS & bet close to jump time when all the prices have settled.
. Or try Betfair close to jump time.
. Consider placing a 1/5th of total outlay insurance cover bet on the other selection, regardless of price overlays.
This helps reduce the drain on ones bank & adds a lot more interest to ones punting.
It reducers ones runs of outs which normally kills off most punting ideas.
The idea works well if one has strong SR with their top 2 selections.
One only does this when we have a double overlay selection running in the race.
Example.
Say our O/L for the race is $20
We place 1/5th insurance bet of $4.00 on the other selection.
We place the remaining $16 on our overlay bet.
If our insurance bet gets up at say $3.50 we get back $14 of our original $20
A loss of -$6 instead of -$20
Long term the profit works out approx the same but with less exposure to risk to the bank.
Tip.
Try not to double up ones bet on duel selections tipped by both tipsters.
Just because its tipped twice ,does not mean it has twice the chance of winning.
One will find it more profitable, long term, running with this rule .
At the dramaticly increased objective odds, one does not have to be lucky all that often to show a profit.
Go over some past results & see if this is so & get back to us to share ones findings.
I hope this helps towards your question.
Cheers.
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Cheers.
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