Greening up on Betfair

Betfair Greenup, Betfair Green-up, Betfair greening up or going all green on Betfair are just some of the terms used to describe the process of guaranteeing a profit on Betfair no matter who wins. This may sound like a scam from a “get rich quick” email but it is a real Betfair technique that is very easy to apply.

The reason the technique is called greening up is because when it has been performed correctly the Betfair grid shows a green profit value for every selection in a race, thus guaranteeing a profit no matter who wins.

The technique can be used on a rising or falling market and has 3 basic steps that are performed on a single selection from the list of competitors. The example below is for a falling selection, i.e. a competitor who’s odds are shortening.

  • Step 1 Backing a selection whose odds are falling.
  • Step 2 Laying the selection to secure a profit.
  • Step 3 Greening up to guarantee a Betfair profit no-matter who wins.

Step 1 – Backing a selection whose odds are falling.

The first step is to identify a competitor whose odds are either falling or going to fall. When the selection has been identified a back bet is placed on that selection.

If a back bet of 2000 was placed on Stalking Shadow at odds of 2.2, this means that:

If Stalking Shadow wins, we win (2.2-1) x 2000 = 2400.00 ( and get our 2000 stake back )
If Stalking Shadow loses, we lose our stake of 2000.00

Step 2 – Laying the selection to secure a profit.

The market has been monitored for a while and as can be seen Stalking Shadow’s odds have now shortened to 1.25, it was decided that this was a good time to secure a profit on Stalking Shadow.

To secure the profit it is a simple task of laying exactly the same stake on Stalking Shadow. Laying 2000 at 1.25 on Stalking Shadow has the effect of canceling all the losses if Stalking Shadow loses and returning our original stake of 2000. This means that:

If Stalking Shadow wins we then win 2400 ( from step 1 ) and lose (1.26-1) x 2000 = 520, therefore 2400-520 = 1880.00.
If Staking Shadow loses we lose 2000 ( from step 1 ) and win 2000 from this lay -2000+2000 = 0.
Another way of calculating this is (original Back price – lay price) x stake i.e. (2.2 – 1.26) x 2000 = 1880.

This is a great position to achieve, if Stalking Shadow wins we win, but if Stalking Shadow loses we do not lose a penny.

Step 1 and step 2 can be performed as many times as required, remembering that the same stake values must be used for each step 1 – step 2 cycle. This is a simple form of Betfair trading!!

If desired we could stop here and wait for the race to run, the only problem is that after all our good work we are still reliant on Stalking Shadow winning for us to profit from this race.

Step 3 – Greening up to guarantee a Betfair profit.

If we wanted to stop at step 2 then that is fine, we just need Stalking Shadow to win. However, there is an alternative, we can “spread” the possible winnings of 1880.00 that Stalking Shadow is showing across the other competitors. This is performed by one simple calculation and another lay on Stalking Shadow.

This is normally performed just before the race is about to start and all step1 – step 2 cycles have been completed.

What we do is: Divide the profit showing on Stalking Shadow ( 1880.00 ) by the best lay price Stalking Shadow is showing ( 1.23 ) to give us a stake value, then lay this exact value on Stalking Shadow, so:

1880.00 / 1.23 = 1528 is the stake value to lay on Stalking Shadow
This has the effect of “spreading” the 1880.00 profit on Stalking Shadow across the other competitors, and because Betfair can see that Stalking Shadow is in profit we do not have to use our own money to do this.

The result is:

If Stalking Shadow wins we then win 1800 and lose (1.23-1) x 1528 = 351.44 giving a result of 1800-351.44 = 1528.56.
If Staking Shadow loses we win the lay bet of 1528.00

So by reducing the winnings if Stalking Shadow wins from 1880 to 1528.56 we have now created a position where we will profit no matter who eventually wins this race. A guaranteed profit that does not even require us to be concerned about who wins. Just turn off the PC and TV and have a well earned drink, knowing that the money is “in the bank”.

For a rising market

This technique can also be performed on a rising market. If you predict the odds will not fall, but rise then Step 1 should be a lay and step 2 should be a back, with step 3 remaining unchanged.

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Strategies You Can Use To Make A Living By Betting On Exchanges

betting exchangeThe introduction of betting exchanges has completely changed the way betting is done in the UK and made punting and bookmarking much more developed niches. With the revolution of exchanges, punters can now become bookmakers and vice versa. You can switch your roles back and forth from race to race or even play both roles in the same game at the same time. In addition, this is not the only way you can make money from betting since the introduction of the exchanges. Let us look at a few other opportunities:

Exchange trading

You do not need to use the old ‘back and lay’ method to make money anymore. You can now trade prices on exchange markets and make some gains no matter what horse wins or loses a race. This lets you act like a stock market reader enabling you to trade in and out and make profits on fluctuations in the odds. For instance, if a horse in plummeting in odds, you can back it at one price and lay it a moment later at a lower price. Just like any other business, exchange trading has its high and low seasons in which you can either gain or lose your investment. This can however be averted severally as you learn the ropes of predicting the exchange market.

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How to make money betting on the Overs and Unders markets in the NFL

As Johnny ‘Money’ Manziel prepares for the coming season with the Cleveland Browns, we give you several ways to live up to the NCAA record breaker’s nickname in the betting department
As Johnny ‘Money’ Manziel prepares for the coming season with the Cleveland Browns, we give you several ways to live up to the NCAA record breaker’s nickname in the betting department
With the new NFL season now just over a week away it is likely that many gamblers across the US – and across the world for that matter – are beginning to sit down, assess the match ups and wager their bets in a bid to seek some opening day profit. Now for many of those people, their attempts will simply end in failure, but for a minority, their luck just might be in that day and they could be basking in a neat little side pot. If you would like to be part of that minority, then here are some tips surrounding the Overs and Unders betting markets that could swing the tide in your favour come game day.

With this market, you aren’t betting on a result, you are simply betting on the amount of points that will be scored in the game. This makes the game easier to read from a betting perspective and team line-ups will likely have a more of an effect on the result. Take the quarterback position for example, if you know that a starting quarterback is injured then it may be likely that his replacement cannot fill his boots and the Unders market would be a strong bet. You can find the latest news at all the best NFL sports sites and top bookmaking sites in order to check team news before placing a bet.

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BetBright vs. Betfair – Bookmaker Odds vs. Betting Exchange Odds

betbright vs betfairIf you’re a regular of the various local betting shops and online bookies, then chances are that you have noticed that bookmakers’ odds are priced less than the ones available at betting exchanges.

Curious about the reason, I raised the question to Mike, a friend at Bet Bright, and he was so kind to give me an extensive explanation.

– While you might find the whole situation as an attempt to lower user profit margins, you might be surprised to learn that this is due to the fact that bookmakers also feature backing for the outcome. Essentially, each time you place a wager with the operator, you earn the possibility of an arbitrage transaction at the same time.

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Gambling on football requires sound psychology & discipline

money tree & footballWhen it comes to successful gambling – psychology and self-discipline are everything.

All types of betting are, to some extent, motivated by “fashion” and this probably applies to football more than any other form of betting. Football is, after all, the world’s most popular sport with an unbelievable amount of attention devoted to it.

This is great news for the shrewd gambler as it offers the value seeker some wonderful opportunities. Manchester City are “bound” to win game X etc…

Most of us are victim to fashion of some form or another at some time in our lives. The trick is to try and ignore it. Leave your prejudices, personal favouritism, irrational likes and dislikes, and emotions to one side and concentrate only on the cold, hard facts – let the stats be your guide in other words.

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