Tell us a bit about yourselves
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.