Does a Simple Profitable Exchange Betting System Exist?

I know from my days of gambling before I turned professional that a Holy Grail must exist, and it’s the thought of winning big or finding the magic system that makes us bet again and again, and of course losing long term. Most punters will spend their whole life doing this, and losing £1,000’s every year.

So does the betting Holy Grail exist? Of course it does and there are actually 1000’s of them!!! More professional gamblers exist than you could guess, as the majority keep their heads down. Some have found a way of trading on Betfair that makes long term profits, other systems that show profits whether it be winning or laying.

Around 0.7% of exchange users are classed as pro-gamblers in that they make more than £10,000 profit a year, but many more make less than that each year. If you are building up small betting banks then you’ll be in the ‘nearly a pro-gambler’ category.

Making some systems public can make them worthless in the long term, but with an exchange that rarely is the case these days as a heavily followed system can still show a positive ROI% after years.

Although I’ve made money from gambling for years, I’m always looking for new profitable angles, the search never stops, and with so much software and online information these days it’s not as difficult as in ‘ye olde days’ when everything had to be done by going through a form book a few 1000 pages thick!!

Anyway, the question in the title was Does a Simple Profitable Exchange Betting System Exist? And the answer is yes, many, many of them, and I’m going to pass one on today.

Now this is a very simple betting exchange system, I do use it myself, and I have made good money with it over the last 5 years. The qualifiers must be laid to lose, this is NOT a win system, it is a LAY system. Now don’t expect it to make you rich, you will have to have a large starting bank, which you shouldn’t use, always start small and let the system build up the bank. The overall strike rate is around 87%, and should be part of a portfolio of systems with different SR’s. I sell other systems that have proven profitable of years.

The longest winning run is 32, and losing run is 3. While the highest winning odds was 8.

Year Runners Won SR PL
2008 68 6 8.82 34.11
2009 87 10 11.49 33.1
2010 101 17 16.83 -2.42
2011 93 14 15.05 15.51
2012 88 10 11.36 26.98

 

On with this profitable horse racing system you are looking for.

Rule 1: Completely ignore ALL AW races, but include all other races in the UK & Ireland.
Rule 2: The race title must contain the word AMATEUR. It can be a handicap or non-handicap.
Rule 3: Horse must be 2nd Fav or joint 2nd Fav in the betting. Use a live bookmaker site like Ladbrokes to see what the likely SP odds will be just before the off.
Rule 4: LAY any qualifiers on the BETTING EXCHANGE.

That’s it!!! You couldn’t really have a more simple betting system than that!

If you are working during the day, you can use BSP (Betfair Starting Price) and find the likely 2nd Fav on the Racing Post card. This will result in reduced profits, but you will still profit long term.

JOIN BETFAIR NOW

So What is Betfair? Who runs it? Is it safe?


A lot of gamblers have heard of Betfair but in contrast with individuals that use bookmakers, only a small minority use the betting exchange. Why is that? The main reason is they just do not understand the concept of it, and yet it is very easy. I will do a quick article here to enlighten you of the basics, but the most vital message is that if you do wager on horse racing, or sports, and you get pleasure from throwing money away, then please continue not to use a betting exchange!

Now you know a traditional bookmaker offers you odds on an event, such as 6/4 the favourite in the 12:30 at Southwell will win the race, or Manchester United will beat Aston Villa 2-0 at the odds of 6/4. Well Betfair, and other exchanges do precisely that, and if that is all you want to do that is all you really need to know apart from the fact that the average odds over the long term are 20% superior than those you get in a traditional bookmaker. So if you are using a bookmaker and losing say 10% of everything you bet over a year, if you had placed all those exact same bets with a betting exchange then you would probably have finished the year in profit! See how easy it is to see why you are throwing money away by not using them?

Now you do have to pay a commission on every winning gamble. This amount varies but starts at 5% for new signups, but you can get this down as low as 2%. Now some folk think this is a gambling tax, and that the bookmakers charge 0%. That is not accurately true, you see the bookies get charged 10% tax by the government, and they claim that back by taking 10% off the odds!! They hide it to fool you into thinking you are not paying tax! Betting exchanges tell you this charge upfront, and it is never more than 5%. You can now even get the exchanges own version of SP, and yet again this beats the bookies SP over the long term.

So now for a short history of the company. Betfair, was formed in June 200, the site was launched to allow customers to bet against each other rather than the customary High Street bookmaker. This is also no different than people playing on the stock market buying and selling shares. The company has since expanded into Australia, and turns over more than £50 Million a week. Large sums when you consider this is all clients money! They now also have gaming products such as poker and a casino, and take 100′s of bets a second. Your account money is also ring fenced, meaning it is protected 100%.

The exchanges are also a equal playing field, unlike bookies who can put the odds in their favour as much as they wish. Bookmakers do play a lot on the exchanges these days, but have to go with the market prices, and they also must pay commission, so a bookmaker with £Millions, has to behave exactly the same way as Joe Public with his £10 wager.

Betfair have some simple to follow rules on the website, but briefly you have the following:
1) All odds are in decimal by default, which does scare some individuals off, so just hover your mouse over the odds and you will see them come into view as they are in the bookmakers.
2) You have 3 rows of blue, and 3 rows of pink next to each selection. In the Options you can change this so you just have one on each side if you are new.
3) The Blue side is used when you BACK a horse, that is you want that selection to win.
4) The Pink side is used to LAY a horse, that is you want it to lose. Yes you can bet horses to not to win here!
5) The lowest stake at Betfair is £2
6) To place a bet just click on the Blue/Pink odds, and enter your stake. Simple as that!
7) If you just want SP bets, set this in the Options.
8) Any races you have a bet on you can view the live video stream.

So do you not think it is time to start having some of that extra money for yourself from Betfair, instead of others winning it?