Using Racing Place and one small trade on a football game I increased the betting bank by approx 30%. Very pleasing result. I didn’t go the whole day with Racing Place as I decided to stop while the winnings were good. I have not seen the results for the evening with the Wolverhampton meeting yet but the tactic of stopping when well on top is good for me right now.

Up until the race where 2 horses got in the placings at good prices the money level was static mostly just a few cents down overall. There were a couple of races where  I didn’t do it because I thought the number of runners were too high compared to the number of selections  and therefore not having such a good probability of giving some pay back.

I have found a site with some calculators which is pretty useful Betcalc. Some of the calculators on there are of no use to me because the calculations are built into BetIE already for me, but one I did find of use was the value bet calculator.

Value bets are the holy grail of gamblers where the probability of an event happening and the odds available are such that you have value and will with consistancy  make money using value bets. For example there is a probability of 7.76% of there being a nil nil score in the Premiership which is equal to approx 92% that there will be one goal or more. Using the value bet calculator I can see that with back odds of 1.1  over 100 bets  at 1€ per bet I will have profit of €1.20 -  thats with 92 bets being successful out of 100.

So if you know what the current probability of  something happening then you can work out what odds you want to be getting to make sure you will win in the long run. It may be possible to improve the probability if you know your market and chose games where nil nil is more unlikely.

There is another calculator on that site Lay 0~0 / Back 1 or more goals Calc which gives you a comparison of the different ways to make the same bet on the nil nil so you can take the odds which give the best value. Its all maths really.