Import AND export your bets

As you might know, we’ve had an import function at Bettin.gs quite some time and as you also might know, it’s been somewhat in beta during this time.

Today we’re happy to say that we’re leaving the beta version behind and that your imports should work just fine, as long as your file is set up according to the template that is needed.

Also, export your bets

We’ve also added an export function, letting you export all the bets you’ve registered at Bettin.gs into a csv file, following the same template as the import.

This makes it easier for you to back up your data externally, as well as managing your bets in an Excel sheet or whatever tool you’d like to use to crunch your data in.

Both these features are available from the Settings page for all users.

Interview with Goal Trader Syndicate

We’re happy to have gotten a few words with the users top of Hall of Fame at the moment with a mighty 97,3% ROI from 257 bets dating back to December last year – known as Goal Trader Syndicate.

Tell us a bit about yourselves

We are Chloe & Robert – the people behind ’Goal Trader Syndicate’ on Bettin.gs.

Based in the UK and into sports both from a participation and betting perspective.

How long have you been into sports betting?

As as a hobby since around 2005 but in late 2013 we decided to focus on a small number of sports and adopt a more disciplined, mathematical approach. Today we bet and trade through exchanges and a few bookmakers. Most of our accounts are limited/restricted which although frustrating is a big compliment to get from a bookmaker as they simply don’t want your business. There’s only one reason for that – they don’t think you’ll make a loss long term.

What sports do you bet on primarily?

Horse Racing (UK) and occasionally tennis for our own private trading. Racing is high variance but the large odds offer significant opportunities to identify value and capitalise before significant market movements in the hours before the scheduled start time.

How would you describe your approach to betting on that sport?

The aim is simple – identify markets that present value and consequently will deliver profit long term. It’s important to not focus on whether a bet won or lost. When trading high odds (such as 10/1 or above) look at whether it presented value. If your selection loses by a neck to the odds on favourite it’s vital not be disappointed but instead focus on the fact that you were successful in terms of finding and backing a high value selection. We are great believers in this approach as it allows us to stick with the same philosophy and remain discplined when it comes to bankroll management.

What would you say is the hardest part of sports betting?

The aforementioned bankroll management. Many of our followers struggle to remain focused on the long term results. We were also guilty of this when we first started betting. Say 2-3 bets lose in a row (which will happen with a sport like horse racing) it’s tempting to raise the stake size for subsequent bets. In other words chase losses which inevitably leads to trouble. Measure profit over months and years – not days and weeks. We have achieved a Return on Investment (ROI) close to 100% with our tracked bets on Bettin.gs but during that time there have been bad runs. If we had thrown away the concept of bankroll management at any stage our overall results would no doubt be siginifantly worse.

How long have you been using Bettin.gs?

We have various accounts to track different sports and services but first joined a few years ago.

How has Bettin.gs helped you in your betting?

Its a flexible, reliable tracking platform. We personally like the fact we can enter the odds. Many other platforms only allow you to select prices from a small range of bookmakers directly. On Bettin.gs we can enter the odds from exchanges so the profit tracked is exactly the same as that achieved (even commission is factored in automatically)

Do you have any advice on how to follow your bets?

We publish all advised bets for horse racing each evening before the race day. So if you wish to follow our advisory you can gain access at https://bettin.gs/goaltrader. There is always plenty of notice given. As briefly discussed earlier though if betting with bookmakers expect limitations to be applied to your account. We would highly recommend trading via exchanges such as Betfair, BETDAQ & Smarkets to avoid these restrictions and often get higher odds.

Do you have any final advice to people trying to make money from betting?

Measure success over a decent time period – at least months. The mistake many make is getting bogged down in day to day performance. You can back a horse that presents great value for odds of 20/1. If you got those odds you will likely beat the SP and that bet can be considered a success. However the most likely outcome is still that horse will lose but long term bets with that mathematical edge will yield profit.

On on the subject of SP (Starting Price) this is another interesting area when it comes to horse racing. There are various members of the syndicate who never actually wait for the race result. They simply back our selections when added to Bettin.gs the night before the race and then trade it on the day of the race. The idea being that the odds will have fallen (shortened) and so the exchange cashout feature will deliver profit. It’s not rare for our bets to be at 10/1 the night before but when the race starts to have fallen to 6/1 – 7/1 so there is siginifant potential in this strategy.

Each-way betting

As you might know, last week we added another one of the most requested features – the possibility to register each-way bets. No need to add bets for both win and place bets or workarounds anymore. Read more about how it works below.

What is it?

Each-way bets are basically one bet for the selection to win and one bet to place. It’s commonly used in markets for horse racing, golf and greyhounds to name a few, or tournament markets in general.
More about it at Wikipedia →

How does it work?

To activate each-way betting at Bettin.gs, go to your Settings page and check the “Enable each-way betting” checkbox. You will then see a few more options the next time you register a bet.

When you register your each-way bet make, simply check the “Each-way” checkbox and enter the stake as usual. Note that the stake you enter is the value for the win and then place part respectively, so the total stake will be twice the one you enter. Also note that it’s the stake you enter, not the liability.

When you settle your bet, you will have the option to set it as WON or LOST as usual, but also select PLACE. This is also where you set the terms for the place bet (the odds offered).

That’s it! The result and stats will be automatically calculated based on the info you entered.

Good luck with your each-way bets, and as always for new features – if you find something you’re wondering about or improvements you’d like to see, let us know.

SBC Awards

As you might know, Bettin.gs was nominated in the SBC Awards in the category “Best betting website”. I want to thank you all who voted, and while our service didn’t manage to beat the big boys this time, I’d recommend you to take part of the results. There’s some quite interesting stuff in there.

My favorite category “Worst bookmaker” makes for some fascinating reading, not least!

Best bookmaker

Nice to see Betfair, which drives much of Bettin.gs functionality up there.

Gold: Bet365
Silver: Betfair
Bronze: Pinnacle Sports

Best betting website

Here’s our category. No bad company to be in, that’s for sure.

1. Gee Geez
2. Sporting Life
3. Oddschecker

Worst bookmaker award

Gold: Ladbrokes
Silver: Stan James
Bronze: Boylesports

Today’s data loss

As you have surely noticed, there are bets missing from last week today. Here’s the reason why.

First, some background: Last week we switched new a new server to be able to implement all the things we want to make and to meet the demands from the growing amount of users and data. We moved to Digital Ocean, one of the most respected hosts available for solutions like ours.

Today we were planning to upgrade our equipment there to make things even speedier and better. This was obviously planned for ahead and we did it early in the morning when most of you have better things to do than entering bets into a spreadsheet. 😉

Things went well, until we suddenly noticed that we weren’t able to access the filesystem, which is needed to reboot the system after the upgrade. Not even their own technicians were able to figure out what had happened, so we all decided to start up another server and move the database there.

That’s when the engineers realised the disc was corrupt and therefore we couldn’t read from it, so the database had to be restored from a backup. We were prepared for some data loss, but it turns out the weekly snapshots are made every Friday, so we had the worst possible timing, today being a Thursday. We tried out a few different options to find the best restore point, but had to settle for a week old version…

To sum up, we had the most possible bad luck at the worst possible time. Things like these just don’t happen at large hosts like these and if they do, they sure don’t happen at the worst possible time. But it did for us.

Having a disc collapse at a cloud storage, while upgrading the equipment, the day before weekly snapshots are made, it’s just less likely than Leicester winning the league and the Champions League the same year (yeah, we know it could happen, but I wouldn’t place my money on it).

All in all, it means that all bets registered last week are gone and all data tat comes with it. There’s no way for us to restore it since the disc is broken so if you need the data in Bettin.gs, the only way is to enter it again manually, which sucks, big time, we know. We’re heavy users of the service ourselves, so we’re all in the same situation.

To make things feel at least a little better, all Pro subscribers has got a free month added to their account already. If you’re not a Pro subscriber yet, you will automatically get an extra month for free if you sign up before Monday (you can cancel anytime).

We know it doesn’t really make up for the lost data, but at least it’s something. The risk for something like this happening again is just… Well, at least almost non-existing.

If there’s anything you’re wondering about, feel free to contact us in all the usual channels.

Cheers.

New partner: Sportmarket Pro

If you’re serious about betting and tired of keep looking around for the best odds or finding enough liquidity to place your bets, Sportmarket Pro is for you. 

Sportmarket Pro is a bet broker service, helping you as a bettor to get access to the best bookmakers in the world from a single interface. They’re not a bookmaker themselves, they just help you place the bets where you get the best odds, making the value work in your favour.

Note that Sportmarket Pro is not for the small players – the smallest bet allowed is €50 or equivalent in your currency. If you’re ready to take the step from a hobby player to investing in sports, Sportmarket Pro is a must-have for you.

Check out the Sportmarket Pro website and sign up today!

Get paid for your bets

Big news today, as it is now possible for all you Bettin.gs Pro subscribers to charge for other people to see your bets. Here’s how it works.

1. Choose how much you want to charge for your bets on your Settings page

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2. When registering your next bet, check the “Charge X to see bet…” checkbox.

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3. As someone wants to see the bet, he is asked to pay for the bet via PayPal. Most of the times he can choose to pay for the bet, a package per bet or for a subscription (depending on the value of the bet). As the payment has been made he has access to the full details, as usual.

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4. Bettin.gs will send you your part of the payment (75%!) as soon as you have reached a certain level.

Please read the terms available on your Settings page.

This is the absolute easiest and most lucrative way to get paid for your bets online today. Feel free to try it out today and if you have any questions whatsoever, just let us know and we’ll listen.

Cheers, and good luck!