Please see below an interesting update and FAQ’s from the Racing Synergy team:
One of the easiest and most effective methods of using Racing Synergy is to simply back the value horses with the bookmakers as they are identified (we call this the “Maximum Return” option in the software).
Not surprisingly this is the method that we use ourselves as over the long term it is by far the most profitable approach to using Racing Synergy.
Between January and December 2010 we kept a record of all the horses that we personally bet and the results are shown below:
Number of horses bet: 4730
Number of winning bets: 802
Stake per bet: £50
Total staked: £236,500
Total returned: £277,704
FREQUENTLY ASKED QUESTIONS
Q. Betting almost £240,000 on horses must surely require an enormous bank, right?
A. Wrong! In fact we started with a reasonably modest bank of just 50 points (£2,500). The real “secret” to this type of betting is turnover. In effect we are repeatedly betting the same money over and over again, snowballing profits along the way.
Q. I don’t feel comfortable using stakes as high as £50, is this approach going to be any use to me?
A. It is possible to start with whetever stakes you wish – just use 10p bets if that it what is required to keep you in your comfort zone! A professional approach would be to compound your winnings, gradually increasing the size of your bets as your bank grows (e.g. risk 2% of your bank on each bet).
Q. Does this method of betting involve arbing or trading?
A. No. The results were achieved by betting with the bookmakers only and no bets were placed on the Betting Exchanges. We are using the Betting Exchanges as a probability indicator only in order to punish the bookmakers when they get their odds wrong.
Q. Are there any practical issues with betting this way?
A. Bookmakers absolutely despise this type of profitable betting and will restrict/close accounts from time to time. By keeping stakes modest and spreading bets carefully the risks can be mitigated. Another powerful tactic is to get friends and family to open accounts for you in their name. You can always pay them a small percentage of your winnings as a “thank you”.
Q. How many bets could I expect to place each day?
A. This really comes down to 3 main factors: 1) The racing markets on the day, 2) The parameters that you set in the software, and 3) How much time you dedicate to betting. As a very rough guide based on our own experience and settings you could expect somewhere between 10 to 20 bets per day for a few hours “work”.
Q. If this approach is so profitable, why does Racing Synergy offer other methods of betting?
A. Simply because the Maximum Return option is not going to suit everyone. It can be a rollercoaster ride at times and many bettors could be easily put off when a losing run is hit. The risk free betting options that Racing Synergy provides are ideal for those users who are willing to sacrifice potential profits in return for a smoother ride.
Q. How much time do I have to set aside to bet this way?
A. The beauty of this approach is that you can operate it as long as the UK horse racing betting markets are open, allowing you to pick and choose your own hours. In our case, we simply set aside 2 or 3 hours around lunchtime each day. There is certainly nothing stopping someone using this on a part-time basis.
Q. What settings did you use in Racing Synergy to achieve these results?
A. We used the Maximum Return betting option with a Minimum Bet ROI of 1% and a Minimum Rating of 5. We then blindly bet each qualifier as it came up with the appropriate bookmaker. It really is that simple!
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