Most gamblers appear to be aware of only win bets, and the other oddities such Placepots, forecasts, tricasts, multiple bets (these increase the bookies profits, why do you think they advertise them so much?), etc. Thanks to the betting exchanges, new gamblers now know about laying horses, but a lot of other forms of making a profit exist when it comes to horse racing, and three are briefly outlined below.
This method has been available for donkey’s years, and was used with standard bookmakers, it is not betting exchange exclusive, but they do enhance your returns, and we nowadays have a number of betting bots to aid with this type of gambling.
Dutching is simply backing more than one horse in a race. Some punters think this means your are backing not in favor of yourself, that is a negative thought, get rid of it, only conclusive thinking is acceptable in pro gambling.
If we have a 16 runner race, and somebody said you can select one horse at 8/1 and have #100 on it, or bet half the field at 1/1 for #100, what would you do? If you had good quality info on the 8/1 shot then go in favor of it, but if you do not, cover your back and go for half the field, that way you can get paid if any of the 8 selections you have made win.
I am aware of professionals that just use dutching for their gambling, it can be extremely profitable, but like everything else, it is an added weapon in my own armoury. You additionally need to put a lot of research in, as with all gambling that involves selections, using a pin to select half the field will not be profitable long term. Dutch betting on the betting exchanges can result in a 300% higher than SP (Starting Price).
This is basically comparable to trading, the same betting theory, lay low, back high, but with a twist.
You lay the horse ahead of racing, and then wait until the horses are Off, as in in-running on the betting exchanges. You instantly enter a bet to buy that bet back at higher odds, as more often than not, a horses price will drift during the race. Try to stay away from front runners, odds on runners and sprints. Again, it is better to use a betting bot as it is much quicker at firing in the bets.
This type of betting is technically zero risk, but that is not quite correct, so do not believe the rubbish others tell you.
The procedure mean that you study ALL the markets across a variety of betting exchanges and bookmakers, and yes, it does consist of 1000’s of events. You are researching for events were you back a price with a bookie, and then lay it off at a lesser price with the betting exchanges.
These days though, the distance between bookmakers and exchanges is getting ever nearer, and with the high number of arbing betting bots available, there are not as many opportunities as their used to be, but still 1000’s appear each week if you know where to look. It does mean you require accounts with all the betting exchanges and bookies though, and more than #1000 in each to make it worth the time. You additionally need to remember a lot of others are doing it so gaps in the market do not persist long.