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Ernie__Bert
25 May 11 22:10
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Date Joined: 08 Apr 07
| Topic/replies: 1,256 | Blogger: Ernie__Bert's blog
Mischief
Pause Switch to Standard View Whats the slowest and safest way to...
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Report Deltâ May 25, 2011 10:11 PM BST
trading

HR

off 500 bank
Report Ernie__Bert May 25, 2011 10:13 PM BST
back to lay i take it? horseracing?
Report Deltâ May 25, 2011 10:15 PM BST
b to l
l to b

yep horseracing
Report Ernie__Bert May 25, 2011 10:16 PM BST
l to b is safer or am I wrong?
Report Deltâ May 25, 2011 10:18 PM BST
correct

u is wrong
Report Ernie__Bert May 25, 2011 10:21 PM BST
so back favs and lay in running?

I dont think I would have the skills or software for thisLaugh
Report Coachbuster May 26, 2011 12:11 PM BST
Slowest and safest ?


Trading the 1-1 draw in soccerball ,you can't get safer than that .Not exactly the route to riches though Happy
Report five leaves left May 26, 2011 12:55 PM BST
McDonalds.
Report flatliner May 26, 2011 1:51 PM BST
Ricks.
Report Trevh May 26, 2011 6:35 PM BST
E&B, if you're looking for a slow safe way, I would avoid horse racing trading like the plague!

Depending on how experienced you are, it's quite achievable to make money slowly and safely in football correct score markets, and as a starter I recommend laying the 0-0 in matches with fairly good liquidity, but always redding-up before/as the price halves from sp.

Each bet will then be at evens, and the edge is in the fact that layers hold the price up for too long giving you more than 26 minutes (or bookies prices) exposed for the win.

It does work, but the difficult part is discipline with redding-up, and keeping your head up when you have to red-up 10 matches in a row. Most will fail here.
Report Ernie__Bert May 26, 2011 9:07 PM BST
Cheers Trevh,

So if you lay say Barcelona v Man Utd at 10/1 for 50 for a 0 0 you wait until its 5/1 to exit with a 250 loss?
Whats the the 26mins about?

I have tried this market but I know now my betting was very high risk. Looking at new ways before I commence again in October. You say as a starter what other ones do you recommend ? I got hooked on laying ht 0 0s, made a fortune out of it before upping the stakes and through meeting bad luck and making bad judgement it went pete tong! Im just trying to explore safer methods.
Report aueng May 26, 2011 10:17 PM BST
hitting a few 0-0s = heartbreaking
Report mandarin May 26, 2011 10:25 PM BST
How much would yu pay me to show yu? Happy
Report Ernie__Bert May 26, 2011 10:29 PM BST
a years supply of mandarinsBlush
Report mandarin May 26, 2011 10:36 PM BST
lol...nice one E&B
Report saddlers hall May 26, 2011 10:47 PM BST
Coachbuster

what does trading the 1-1 entail?
Report lux May 26, 2011 10:48 PM BST
arbing the easiest way not necessarily slow though, depends on your bank
Report slt2005 May 26, 2011 10:54 PM BST
Agree. Arbing + offers. £100 a month perfectly achievable. Don't necessarily need a big bank - google may well be your friend
Report Trevh May 27, 2011 1:36 AM BST
Aueng : hitting a few 0-0s = heartbreaking

Why?? All bets are at evens as said above.



E&B : So if you lay say Barcelona v Man Utd at 10/1 for 50 for a 0 0 you wait until its 5/1 to exit with a 250 loss?
Whats the the 26mins about?


No, your loss at 5.0 will be your stake, £50 in your example, hence it's always an even money bet.

I mentioned 26 mins because that's the typical time that a goal will be scored before or after, making 26/27 minutes the average true value at evens. Bookies will often be offering around 26 minutes at 5/6.

Here on BF though, you can have the same bet at evens for perhaps 33 minutes (a better price and an extra 7 minutes exposed to the win) which is obviously a nice edge long term.
Report Lex May 27, 2011 8:53 AM BST
LOL Deltâ

100 a day from a 500 bank. so every 5 days double the bank and after a few months have more money than God and save the world economy.
Report Lori May 27, 2011 9:14 AM BST
Slowest and safest ?

Wait outside off licences until a group of kids wants cigarettes or booze, and keep the change.
Report U.A. May 27, 2011 11:26 AM BST
Why are you looking for the slowest way when you have already specified the time period being a week?

Are you saying that you want to be doing something every day finishing off late on sunday evening? The slowest way would probably involve trading as many things as humanly possible going through every day and every night 7 days a week.

Surely you should look for a slightly quicker way to make that weekly income and give yourself some time off.
Report Coachbuster May 27, 2011 4:54 PM BST
saddlers hall     26 May 11 22:47 
Coachbuster

what does trading the 1-1 entail?
______________________
Saddlers, if you follow the 1-1 scoreline you will note it suffers from very little depreciation ,also once a goal is scored the price remains pretty much the same (assuming the match is between fairly even teams )
If you also note during the first half  that it is possible on certain games to bet on the scoreline and in 2/3 cases end up level with 1/3 making you a modest profit.

I was using a tiny bank in the early days and with a bit of hard work and endeavour was able to make a weekly profit.
Report Coachbuster May 27, 2011 4:56 PM BST
It's also a brilliant way to bet in real time,make a few quid and get some invaluable experience about how the market works and reacts to situations such as goals and red cards.
Report saddlers hall May 27, 2011 7:30 PM BST
thanks coach buster. im unemployed at the moment so it would be great if I could make a guaranteed income, well any sort of income.  I presume you lay the 1-1 and back it back when the price begins to decrease? do you think it would be possible to make 500 a week? thanks for info
Report Coachbuster May 27, 2011 10:46 PM BST
Yes , i used to lay and buy ...normally laying after 50 minutes ,thats when the price used to dip , i doubt i could ever make 500 a week using such a system, it was more like 60-70 a week using a 300 bank or so.

  It's a good starter though , with a bigger bank there are more lucrative (albeit riskier) avenues to explore.

Good luck anyway.
Report Ernie__Bert May 27, 2011 11:15 PM BST
What are these more lucrative (albiet riskier ) avenues?
Report noukari May 28, 2011 11:39 AM BST
aussie greyhounds, come join the fun
Report Trevh May 28, 2011 9:19 PM BST
E&B : So if you lay say Barcelona v Man Utd at 10/1 for 50 for a 0 0 you wait until its 5/1 to exit with a 250 loss?
Whats the the 26mins about?


ManU 0-0 kicked off at 9.4 and had fallen to 7.4 when the goal was scored at 27 minutes - fantastic value.
Report Coachbuster May 28, 2011 10:41 PM BST
There are plenty Ernie .

laying 1000/1 shots for a start Happy
Report Trevh May 29, 2011 12:53 AM BST
True Coach. When I looked, about £50 (£25,000) had been matched on the Barca - ManU 0-0 after the goal at 1000.0 by layers freeing up their money.
Report Coachbuster May 29, 2011 12:12 PM BST
ah yes Trevh !  the 'dead' scores. I  see these matched quite a lot but i rarely get involved with them , why ?  because i always remember that game  where the 1000 was laid after a goal only for the goal to be ruled out Shocked

They're safe enough some time later of course.
Report no moves May 30, 2011 1:40 AM BST
what about scores like arsenal 4-0 newcastle at half time only to draw 4-4, the person who laid £50 on that 1000/1 I bet didn't entirely feel too endeared by the concept of laying total no-hopers for profit.
Report flatliner May 30, 2011 2:45 AM BST
Sorry. Ricks and fixs.
Report the class of 84 May 30, 2011 12:01 PM BST
noukari : aussie greyhounds, come join the fun


would you care to elaborate a bit more please.
Report ZEALOT May 30, 2011 11:40 PM BST
bull shyte
Report Coachbuster May 31, 2011 11:06 AM BST
no moves-  yes,that would have caught a few out no doubt .. but you have to look at the bigger picture ,how often does that occur ?  [;)]

also,and i hate  aftertiming , but  i wouldn't have recommended that bet to a newbie , there are even safer 1000/1 lays .
Report Rocket to the FACE May 31, 2011 12:16 PM BST
They are two different situations.

In the first, it can't finish 0-0 if there has been a goal.

In the second, despite being 4-0 it can end 4-4. Or 44-44.


The majority of the time it isn't a case of why would you lay at 1000 but why would you back at 1000
Report Coachbuster May 31, 2011 12:31 PM BST
which reminds me ,i have came unstuck one time or another on a 1000/1 shot at low stakes thankfully   , the first one  was Celtic v Falkirk i'm pretty sure
Report Ron Pillock May 31, 2011 6:12 PM BST
Look out for offers like the Paddy Power one on Champs league final......free money.
Report no moves May 31, 2011 11:53 PM BST
Didn't some reality show contestant go out to 1000/1 when elimininated a few years ago from the Big Brother house only to be put back in the following week by the channel 4 producers?
Report DirtyCashMoney June 1, 2011 1:17 AM BST
Interesting strategy Trevh..So you get evens for the first 27 minutes?  In such a game, how many minutes remaining once the current score goes to 2.0?? 15 or so?
Report Trevh June 1, 2011 1:40 AM BST
No, the true price will be around evens for the first 27 minutes (depending on 0-0 kick off odds - higher odds = less time) and bookies will be offering you around 5/6. Here though, you can get evens for the first 30-35 minutes, the edge is obvious.

Many punters trying though will fail, because it's a method that requires great self control in redding up, and 10 losses in a row can hurt if you haven't staked wisely. I used to use 0.5% of the betting bank per bet which sounds over cautious, but the reason is that each bet at evens has a large exposure until redded up, and I was laying many matches at the same time.

I eventually quit the method as I moved on to other edges that show a greater return for less work.

Minutes remaining at evens for a match that gave you 27 minutes after kick off would be around 15 yes.
Report irishdancer June 1, 2011 11:32 AM BST
Trevh,

I see the edge you have in terms of having longer time for the first goal to score. However, surely redding up if a goal not scored before prices halves and also the fact that some matches will end scoreless will wipe out any profit that has been made on matches where early goals scored even though 0-0 backed when price halves to minimise loss. If match ends 0-0, you suffer a loss that will take a few matches to recoup. And there are many matches where goal is scored but not before '33mins', which will lead to no profit on such a match. Maybe I have taken things up slightly wrong but I cannot see the potential of this strategy if this is the case????
Report DirtyCashMoney June 1, 2011 1:21 PM BST
Irishdancer, if you red up then it doesn't matter what score the match ends, you take the same loss on any scoreline
Report irishdancer June 1, 2011 2:13 PM BST
In that case the majority of goals would have to be scored before price halves in order to make a profit. Is this actually true?
Report thebert June 1, 2011 2:20 PM BST
Just the one goal.
Report irishdancer June 1, 2011 2:24 PM BST
well 1 goal or more has to be scored before price halves. Does this actually happen enough to profit long term?
Report DirtyCashMoney June 1, 2011 2:51 PM BST
You can get stats like that on soccer stats website
Report DirtyCashMoney June 1, 2011 2:56 PM BST
But bear in mind it's not the 'majority of goals', because you might get one game ending 1-0 with the goal being scored after 15 minutes, and then another game ending 2-2 with all the goals being scored in the 2nd half.
Report U.A. June 1, 2011 4:52 PM BST
Ok here are some stats on the matter based purely on the Premiership for all who are interested.

380 games each season.

2009-2010 season 193 games were 0-0 after 27 minutes and 184 games were 0-0 after 28 minutes.
2008-2009 season 195 games were 0-0 after 31 minutes and 189 games were 0-0 after 32 minutes.
2007-2008 season 192 games were 0-0 after 28 minutes and 186 games were 0-0 after 27 minutes.
2006-2007 season 192 games were 0-0 after 30 minutes and 188 games were 0-0 after 31 minutes.
Report U.A. June 1, 2011 4:54 PM BST
sorry third line should say 29 minutes at the end not 27.
Report irishdancer June 1, 2011 6:29 PM BST
Any reply from Trevh??
Report Trevh June 2, 2011 2:48 AM BST
Irishdancer : well 1 goal or more has to be scored before price halves. Does this actually happen enough to profit long term?

Yes, because layers hold the price up for too long, it's that simple.
More than 10 times more money lays than backs. Matches with money on every tick are best as they're easy to red up, you don't want to be in a position of having to red up to a poor price because the MMB is offering a wide spread in a poor liquidity match 25 minutes in.

Here's an odd bit of info, I actually found that rather than straight redding up, reversing the original lay to leave a profit on the 0-0 was the most profitable strategy.

For example (using £100 stakes/excluding comm), £100 lay at 10.0 = £200 red up at 5.0 = £100 red on all outcomes.

But for better results red up £300 at 5.0. The reason is simple too, in that if the price is too big at 5.0 (which it is because layers have held it up) then it has become a value back, not just a red up. The book now reads 0-0 green at £300, all other scores red at £200.

U.A., I have my own stats for the Premiership 09/10 season which show 29* points profit after comm for the basic red up method. I also calculated what the profit would be if you laid again (the current score) after the first goal, second goal, third goal etc in every match, but always redded up when the loss became equal to the stake, which showed 56 points profit after comm.

*29 points may not sound a great deal, but including all other matches the season showed 267 points profit for the red up method.
Report U.A. June 2, 2011 11:39 AM BST
HI there Trevh.

I wasn't questioning whether you made a profit or not from it, if you say you did then that's good enough for me. Likewise I don't really have any information as to exactly what minute the prices reached their halflife which you would have, and this would be the important piece of information when assessing if it was profitable or not. I was just providing some statistical information for anyone who might have been interested.

Out of interest did you used to trade this way for every game in the entire EPL season or did you just select games yourself on gut instinct/that fitted more specific criteria?
Report thebert June 2, 2011 12:14 PM BST
More than 10 times more money lays than backs

[smiley:crazy]
Report Trevh June 3, 2011 1:32 AM BST
U.A., not every game, just those where liquidity was good enough.

Thebert, what does that smiley mean, BF have some pretty weird smileys.
Report thebert June 3, 2011 2:57 AM BST
Crazy.

As in it wasn't exactly worded right as for every lay there must be a back [;)]
Report Trevh June 3, 2011 2:17 PM BST
It was worded just fine Bert. Every layer is paying more than 10 times as much as the backer because the average 0-0 kick off price is above 11.0.

For example:

0-0 11.0 £200 matched = backers stake £100 / layers stake £1000.
Report DirtyCashMoney June 3, 2011 4:50 PM BST
TrevH ;Yes, because layers hold the price up for too long, it's that simple  Aye, but you're a layer too, no?
Report Stoat40 June 3, 2011 7:32 PM BST
Hello Trevh

I have my own stats for the Premiership 09/10 season which show 29* points profit after comm for the basic red up method. I also calculated what the profit would be if you laid again (the current score) after the first goal, second goal, third goal etc in every match, but always redded up when the loss became equal to the stake, which showed 56 points profit after comm.

Does this mean you would lay the score after a goal even if you could not red out after the odds had halved e.g. a relatively late goal was scored and the lay odds on the current score were less than 2? Or only when the lay odds were greater than 2?

Cheers
Report surazal June 3, 2011 8:13 PM BST
May I compliment all on a fine discussion, genuinely informative and unusually free of the Neanderthals.
Report Trevh June 3, 2011 9:15 PM BST
Lol Surazal.

Stoat, I had a rule of not entering any bets after 70 minutes, which is when the price is at or approaching evens. I figured any bets at that stage would likely be true value and would lose to comm long term.

The edge for the 0-0 lay is clear, but I could never work out why laying after each goal showed a greater profit, because there is no clear edge in doing that. Maybe it was because I tried to catch the bounce after a goal when the odds were reforming on the new scoreline, and request to lay a 9.0 shot at say 8.2, redding up at 4.1 instead of 4.5.
Report flatliner June 5, 2011 10:58 AM BST
I do believe that 0-0 thing cos you are going opposite to the bet a lot of people like, lay the 0-0 and hope for a goal.

Your last point as well, if you are doing this a lot you should know how the market reforms so you've always got the chance of a few % by giving people poor value and getting it taken.
Report DirtyCashMoney June 5, 2011 11:58 AM BST
You could possibly save a lot of time and hassle by just backing the 0-0 at the kick off.  If, as suggested, layers are holding the price up too much then surely it's value from the off.
Report Trevh June 5, 2011 3:42 PM BST
DirtyCash, backing from the off would be poor value, the layers get the value for the first half hour or so. Why back at say 10.0 pre ko when the price is still 10.0 8 minutes later? Laying in that scenario is a free bet, while backing carries exposure to make nothing.
Report DirtyCashMoney June 5, 2011 5:20 PM BST
@Trevh, good shout
Report Ernie__Bert June 5, 2011 7:02 PM BST
So Trevh, how many games per week would you play this with? You said you play alternative more lucrative avenues?
Report bix June 14, 2011 8:25 AM BST
It looks like you're on your own now E&B
Report Mr. Memory June 14, 2011 1:32 PM BST
"Ernie & Bert".........Get a job with the Local Authority.
Report Mr. Memory June 14, 2011 1:32 PM BST
"Ernie & Bert".........Get a job with the Local Authority.
Report Mr. Memory June 14, 2011 1:33 PM BST
Looks like one reply to Ernie & one reply to Bert.
Report Richard LL June 14, 2011 7:36 PM BST
shot! He looks in good nick.
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