The term ‘greening up’ on Betfair may be familiar to you. For some it’s the holy grail of trading on Betfair. But how is possible to green up on Betfair and will it really make you money consistently?
The difference between matched betting sites like Betfair and traditional bookmakers is that they allow us to lay events and outcomes as well as back them. For example we can bet that a horse will lose its race or that a football team will lose its match. Gambling and betting markets are just like financial markets – they ebb and flow and are driven by greed and fear! These movements and fluctuations create opportunties to green up and make money on Betfair.
Let’s look at an example in the horse laying system market. The horse Lucky Lad is well fancied by the experts and has won three of of it’s five recent races. The night before the race it’s a very firm favourite and is available to lay on Betfair at the short price of 2.0. Other experts, however, see that there are two very strong contendors in the race and that one is ridden by a jockey who hasn’t lost at the track in his last 4 races. The following day money starts to move to the other two horses as the market follows the view that they might win and this causes Lucky Lad’s price to drift out to 3.0 on Betfair. Can you see the opportunity here? If we made a lay bet on Lucky Lad for £100 at the price of 2.0 by the time he drifted out to 3.0 we could back him for £100 with a profit of £50 if he wins and no loss if he doesn’t!
To green up this bet we would split the stake over the horses and ensure that whichever wins we make a small profit. There are free Betfair calculators and bots which can make the calculations for you. Greening up on Betfair is of course much easier when there are fewer possible outcomes – for example a football or tennis match. Here as before we look for price changes in the market which mean we can both back and lay and lock in a profit.
Greening up bets takes practise and patience but can be hugely rewarding and is worth the time to explore.
Many online casino players have real fear that they may be playing against an advanced bot or robot able to ‘steal’ their money from them. But do such bots exist? And if so, how can we use them to make money at blackjack, poker or other online games?
Firstly, let me explain what bots are – and what they are not! Bots are pieces of software which you can use to read the cards on display at online casinos and decide the best way to play. They are perfectly legal to use, subject of course to online casino gaming being legal in your country. As with any software, they are only as good as the intelligence programmed into them. They are not, as many would claim, a license to print money!
A game like poker is so complex that it’s very difficult to produce a winning poker bot. They do exist and you can find great advice online to help you set them up, as I talk about in my Blog. A game like blackjack is far simpler and this is where software really can help – yes it is possible to make money with a blackjack bot.
So how do blackjack bots work? They will read the cards you are dealt and the displayed dealer card and decide the statistically correct way to play. Early bots simply advised you to Hit, Stand, Double etc but the more advanced bots are now able to actually make the plays for you. You can literally log into your casino account, activate the bot and go off and do something else while your bot plays perfect strategy blackjack!
The way blackjack bots win money is by using the casino bonuses available. As an example, a casino may offer a $100 welcome bonus. The terms and conditions will state that you have to play this money say 10 times which means you have to play 1000 $1 games before you can withdraw it. We use our blackjack bot to play 1000 perfect strategy games and chances are there may be something like $90 of the bonus left to withdraw. Basically this is free money! There are many casinos out there keen to sign up new players and so many opportunities to make money with your blackjack bot.
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.