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Guaranteed Money Making Bets

 
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Death n Taxes
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PostPosted: Mon Apr 06, 2009 6:46 pm    Post subject: Guaranteed Money Making Bets Reply with quote

With all the various offers around I am convinced that with patience and a big starting bank it is possible to guarantee a profit.

One example. Ladbrokes new back a winner at 3-1 or more and get a free bet on the next race. Back a horse at 3/1 10/3 or 7/2 with Labrokes if a very close price is available to lay on betfair. Lay the horse to the same stake.

If the horse loses you near enough break even. If it wins you break even but have a free bet on the next race. Over time some of the free bets will be winners giving you a guaranted profit.

I am convinced this works because if you back a 3-1 shot you are actually getting 4-1 if you include the free bet but can lay off at nearer 3-1. Unfortunately the limit with Ladbroke is I think £30 so it will take quite a while to make good money.

Another one is No runner no bet. As bookies do this earlier than betfair you can back any horse whose price is the same on betfair as the bookies and then lay on betfair antepost. If the horse runs you break even if it doesnt you get your stake back from the bookies but also get losing stake on the Betfair antepost market.

Again this will take a while to make money but with some bookies going NRNB 2 weeks before cheltenham this year there must be scope for this.

Does anyone else have any quirks of the bookies which when settingoff against betfair guarantees a profit or at least no loss
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jetcrowts
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PostPosted: Wed Apr 22, 2009 12:33 pm    Post subject: Reply with quote

If you back the second favourite until it wins doubling your stake each time you can't lose as a second favourite is never odds on. When a second favourite wins go back to your starting stake.

Requires discipline but unless a second favourite does not win for weeks on end you will make a nice profit.

Jet..........
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finndeed
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PostPosted: Wed Apr 22, 2009 12:51 pm    Post subject: Reply with quote

jetcrowts wrote:
If you back the second favourite until it wins doubling your stake each time you can't lose as a second favourite is never odds on. When a second favourite wins go back to your starting stake.

Requires discipline but unless a second favourite does not win for weeks on end you will make a nice profit.

Jet..........


i always think these methods/systems are a quick way to the poor house..

if for example you just took today..  

6 meetings.. 40 races..

Even if your initial stake was £1, after 10 races your stake would be £512 if you didnt have a winner

You would need a bank of over a £1000 to cover ten races at an initial stake of £1..

If it went as far as 15 races, you would need over £16000 to cover your 15th bet..

Fast way to the poor house
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accajacca
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PostPosted: Wed Apr 22, 2009 3:32 pm    Post subject: Reply with quote

jetcrowts wrote:
If you back the second favourite until it wins doubling your stake each time you can't lose as a second favourite is never odds on. When a second favourite wins go back to your starting stake.

Requires discipline but unless a second favourite does not win for weeks on end you will make a nice profit.

Jet..........


you been hanging out with RJI? quicker just to give all your money to charity, plus you get the nice warm fuzzy feeling inside afterwards.
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Sky_Of_Darkness
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PostPosted: Wed Apr 22, 2009 5:14 pm    Post subject: Reply with quote

jetcrowts wrote:
If you back the second favourite until it wins doubling your stake each time you can't lose as a second favourite is never odds on. When a second favourite wins go back to your starting stake.

Requires discipline but unless a second favourite does not win for weeks on end you will make a nice profit.

Jet..........


Requires being brainless rather than discipline.  As per other replies, it wouldn't be long before you needed to put more on than you probably could, just to win 2 or 3 times your initial stake (using an average price of a 2nd fav as being 5/2).
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Machiavellian
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PostPosted: Wed Apr 22, 2009 5:18 pm    Post subject: Reply with quote

Sky_Of_Darkness wrote:
jetcrowts wrote:
If you back the second favourite until it wins doubling your stake each time you can't lose as a second favourite is never odds on. When a second favourite wins go back to your starting stake.

Requires discipline but unless a second favourite does not win for weeks on end you will make a nice profit.

Jet..........


Requires being brainless rather than discipline.  As per other replies, it wouldn't be long before you needed to put more on than you probably could, just to win 2 or 3 times your initial stake (using an average price of a 2nd fav as being 5/2).


I'd say the average is closer to 4/1 but agree with the brainless aspect.



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