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.
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.
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!
Nice to see Betfair, which drives much of Bettin.gs functionality up there.
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.
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
2. When registering your next bet, check the “Charge X to see bet…” checkbox.
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.
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.
The Bettin.gs database is prepped with events from the Olympics in Rio for you to enjoy. Try entering the event you’re betting on and it will help you fill in all the details you need. If you’re unsure about how to find it, check out how Betfair does it. Bettin.gs get all the data from them so chances are they’re named alike.
If there’s anything missing, just let us know and we can most likely add it so you don’t need to enter all the data manually, like an animal. 😉
Also, be sure to use a certain tag for the summer games so you can follow up later. I’m sure you want to know how much you won on the #Rio2016 basketball, swimming and archery. If you’re betting on track and field, you might want to use a tag for #Rio2016, one for #Trackandfield and adding #Running, #HighJump and #LongJump to keep the stats separated.
Here’s something we shared in the newsletter yesterday, which I’m also sure many of you that missed it are curious about.
New football seasons are about to start and we’re very lucky to have our friends over at Secret Betting Club to do the hard work for us. They’ve put together a 6-part guide will help you find the best tipsters, systems, bookmakers & exchanges to make the new season a success for you.
Part 1 is the SPORTS TIPSTER PROFIT REPORT, containing the following:
The Best Sports Tipster Of All Time
The Best Sports Tipster Of The Past 12 Months
The Best ‘Betting Bank Growth’ Sports Tipster
Part 2, FOOTBALL TIPSTERS: 2016/17 SEASON GUIDE, consists of
Exclusive Interviews With 13 Expert Tipsters
Detailed Individual Tipster Ratings
Their ‘Hall of Fame’ New Season Recommendations
Both Parts 1 and 2 are out now, whilst parts 3, 4, 5 & 6 of the Essential Football Betting Compendium will be released in the next fortnight.
Parts 3, 4, 5 & 6 of the Essential Football Betting Compendium will be released in the next few weeks and cover all bases. Here is what is inside each:
Part 3: Tipster Review 1: An exclusive review of the fantastic Brazilian Football Tipster that SBC have been tracking for 18 months – during which time he has scooped a 7.5% ROI from more than 750 Asian Handicap bets.
Part 4: Tipster Review 2: Another exclusive review, this time of the FREE Football Tipster with a fantastic 12% ROI record in the European Leagues – especially in the Correct Score markets. SBC have a full interview with him plus details on how you can follow for free during the whole of the 16/17 season.
Part 5: Tipster Review 3: Their third and final review hones in on the amazing Football ‘Loophole’ Tipster, who made £2302 profit from just £3006 staked in 2015/16. He utilises bookie specials, accas and shrewd low-risk bets to make easy profits. It’s an ideal service for new SBC members and for those of you looking for something different.
Part 6: Best Bookmaker Report: Read about the 4 betting exchanges and brokers you need to use – those that offer the best, most competitive odds and lowest commission rates. Includes exclusive interviews, reviews and analysis on each option.
I’m sure you’ve all seen or used the option to ”cash out” before the event you’re betting on is over. It’s a very convenient way for you to secure a profit or reduce your losses and calm your nerves at the same time. It’s all good, right?
What’s happening is that the bookies are using your insecurity to increase their margins even more. It’s actually one of the smartest things the bookies have come up with in a pretty long time.
How do they do this?
Most of the time, someone making a bet with the bookies are betting on very small margins and, as you know, most of the time the odds are in the bookies favour. Now, as they are able to offer you another bet, you can be sure that the odds they’re offering you to use for ”cash out” aren’t even close to the true odds for the market at the time, and so the potential margin you once had on the bookmaker is most definitely gone.
So what to do?
What you should do is treat the market you’re betting on the same way as you did before it went live. You wouldn’t dream of placing a bet without comparing different bookmakers odds before the game, so why would you do that during the game even if there’s a big green flashing button with definitive winning sums written all over it?
If you must bet against your initial bet (which is actually what’s happening), shop around to find the best price, or better yet, if you’re using exchanges, lay the bet at the price you think it’s worth to give yourself a fair chance and fair odds.
Don’t fall into the trap and let one bookmaker dictate the odds for you for the sake of simplicity. Make sure you get the correct value by playing them against each other, or use betting exchanges like Betfair or Smarkets to make sure you get the odds you want and deserve!
As you probably know by now, we’ve recently released the possibility to register Lay bets, which makes tracking your trades even easier. The nice thing with this is that if you’re an active Betfair user you can get all your bets into Bettin.gs quite easily.
If you’re not a Betfair user yet, we’re happy to offer you a kickstart with a 100% deposit bonus up to €200, or 2000 SEK if you’re a Sweden resident.
We highly recommend that you get a Betfair account as a complementary option to your usual bookies. If you’re serious about your betting, you owe it to yourself to at least try and see if it’s for you and how you could use an exchange to help you make more money, so why not at least start using their Sportsbook and then take the step to the exchange and start trading?
Sign up now and start using Betfair by choosing an option below.