Betting Advice – Horse Racing Dutching, Hedging, Arbs – Basics

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.

Dutching

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).

Hedging

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.

Arbing

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.

Do Betting Bots Really Make Money?

They have been around for several years now but the question remains can you make money with a betting bot. Betting bots are specialist pieces of software which integrate with betting exchanges like Betfair and Betdaq to automatically place bets within pre defined rules. If you set them up to a winning betting strategy yes you can make money with them.

I have developed many winning betting systems for horse racing and it's long been a passion of mine. The issue has been that of time. As well as research to find the bets to place actually placing them can be very time consuming and the arrival of bots has revolutionized this for me.

A flexible bot like the oddly named gray horse bot can be used for a wide range of sports and this has opened up many other ways for me to make money. In particular, greyhound betting has become a very nice income stream. There are 300% more grayhound races than horse races in the UK and of course only 6 runners in each race. Also there are no jockeys to worry about and the 'politics' are much less of a factor! Greyhounds can be very unpredictable and using a betting bot it's possible to make good profits laying them to lose.

Football betting is another way to make money with a betting bot. As well as straightforward backing and laying it's also possible to trade for a profit on Betfair. This is all about making bets before the match kicks off and then making further bets as the game progresses. Again this can be very time consuming and so using a bot frees me up to do other things while it does the work for me.

Two of the concerns people have about bots are the potential cost and the safety and security issues. Many people think they are expensive to use but free trials of bots are usually offered. I more than coveer the monthly subscription with my regular ongoing profits. With regards to safety, a tool like gray horse bot has many in built safety features to limit your liability and protect your betting bank. I have never had issues with them as they are very sophisticated and built by experts.

A robust and reliable betting system is of course key to success. Over the past eleven years I have developed systems for horse racing, grayhounds and football and use these on a daily basis. Sadly there's a lot of hype out there and new systems arrive on the market every week claiming to make thousands of dollars consistent profit. This really isn't possible and you must bet safely and sensibly to protect your betting bank. I advise discipline is key and you must be able to resist 'going for broke' and deviating from a system!

Betting bots have revolutionized betting for me and compliment my winning systems to ensure I make ongoing profits without having to be tied to a computer screen all day.

How To Make $ 500 A Week With A Betting Bot

There is a lot of hype around automated betting bots but before you think about using them there are some key things I can share which will really help. Betting bots are basically pieces of software which interface with the exchanges and which can offer great advantages by automating your betting.

Time Saving. You can get on with other things while the software makes selections and places bets to your rules.

Speed ​​of Betting. Bots interface with the betting exchanges software and can place bets in a fraction of a second. A huge advantage can be gained with the popular 'In Play betting'. The Betfair trading software can be set up to back and lay as conditions change and hence lock in profits.

They are … Robotic! A silly thing to say but by this I mean they don't make mistakes or act with emotion as us lowly humans do. They will never be tempted to go 'one more bet' to hit the winner, they will only do as you tell them. Believe me this is a major benefit and fits well with the time saving advantage.

They don't make mistakes. As stated above, they won't change your betting strategy by error such as backing when odds are too low for your system. They never get tired or bored and hence if you have abetting system that works the bot is perfect and will execute selections and trades for you perfectly.

Great as they are, they are not automatic cash machines and are pieces of software which need setting up. When I see images of cash machines ued to promote them I shudder! Do not be fooled by anyone marketing or promoting services this way. The essential question is can you make money with a betting bot and I have the experience to confirm that yes you can. To do so you will need the following –

A proven strategy – a betting system that works. Again this may sound obvious but many people are fooled by the magical software and fail to apply it to a robust, proven system. Such an approach is doomed to lose money!

A betting bank. You must have an amount of money set aside as an 'investment' separate from your spending money and savings. This one step alone gives you a professional approach to your betting and sets you ahead of 90% of punters.

Discipline. This is essential. Do not be tempted to deviate from a system. Do not be tempted to place a further bet on a losing day if there isn't a real qualifyer.

A flexible, stable and proven Betfair bot. I personally use the oddly named 'gray horse bot' and talk about this more in my blog. New ones appear all the time but this one is from a long established software house and they are experts in their field.

There are free betting bot trials available and these offer a good chance to test them out. You must view using one as a long term project but if you apply the principles I have described here you are on a definite path to profit.