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Re: Betting
Posted by: Arthur Tannen
Date: 08/01/2018 11:35
Another potentially profitable one is when the bookies offer extra places on the horses, for example Skybet have one today where they will pay for 4 places instead of 3. You then back your horse at the bookie each way and lay it at the exchange and also lay it to place. If you can find a horse with tight odds between the bookie and the exchange then your risk is literally pennies.

For a relatively small back of £10 at 15 and the horse wins or finishes 2nd, 3rd or outside the top 3 you'll lose around 98p. What you are betting on is the horse finishing 4th, if it does you'll win £37. I did a couple of these last year without success but I do know a few people who've had some success with it but the problem is finding odds tight enough between bookie and exchange. If you did all you'd really need is 1 in 10 of them to be successful and you'd comfortably be well in profit. This is also just using a example of £10 and you aren't limited as what you can bet. So if you bet £100, the most you could lose is £9.80 but if you finish 4th you'd win £370.

This is a better explanation -

Also another thing to look out for is offers at the big sporting events, last year at Cheltenham the bookies literally gave money away, I couldn't keep up with the offers. Skybet and Sunbet's had an offer on the first race of each day that if you bet a maximum £25 and your horse lost they'd give you your money back as a free bet. So you'd just under lay it at the exchange to guarantee yourself £16 from each race so all together just from those two bookies the guaranteed risk free profit was £128.

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