Beat The Bookies
Once you start to see your winnings rolling in your next move is to stay one step ahead of the bookmakers, as the more you win with them the more likely it is they are going to limit or even suspend your accounts.
The More Accounts You Can Keep Under The Radar Means More Winnings In The Long Term
Yes, your winnings will mainly be spread across a wide range of bookmakers, which helps, but there will be times when you find yourself winning with one firm more often than others – which is why it’s ESSENTIAL to keep records of ALL your trades using our software.
The Introduction Of The Betting Exchanges Can Help Us Here
What we now need to do is suggest or indicate to the bookmakers that we are winning more with that actually we have just had a bit of luck and to start betting across as many different sports or in other horse races and try and LOSE money with them.
Okay, so that might sound odd – as we are now trying to LOSE money but now we have the betting exchanges (Betfair and Betdaq) at our disposal this is actually easier than you might think.
What we are going to do is LOSE money with the bookmakers we want to, so they now think we are losing customers, but here’s the clever bit – we are now going to WIN the same money back using the exchanges.
In Short We Are Transferring Money From A Bookmaker To The Exchanges
All we need to do is find an event (see below for the best options) where your winning bookmaker is offering the same (or very similar) back price that the exchanges have as their lay price – we are then simply going to BACK a selection with your bookmaker and then LAY the same selection on the betting exchanges – meaning a NO RISK bet.
Yes, there is a chance you could actually win more with the bookmaker you are trying to lose with (if that selections wins), but if you pick your bets carefully, try and avoid backing fancied selections then in the long term you will lose more than you win – meaning.......
1. The Bookmakers Now Think You Are Losing Customers (so they are happy)
2. You’ve Not Lost Any Of Your Arb Trading Winnings
3. You Can Now Withdraw Freely From Your Betting Exchange Account
The Betting Exchanges Will NEVER Close Your Account
Because the betting exchanges will earn commission each time you win then they will never close your account – in fact, the more you bet with them they will actually lower your commission rate – meaning more profits for you.
Here’s An Example................................
15.00 Sedgefield: Frosty Lad
BACK Frosty Lad for £50 at odds of 6.0 (5/1) with Boylesports
LAY Frosty Lad for £52 (slightly more to cover commission) with Betfair at odds of 5.8
If Frosty Lad loses........
You lose £50 with Boylesports
You win £52 (less 5% comm) with Betfair
Overall Win/Loss = £0
But You Have Now Moved £50 From Boylesports to Betfair
If Frosty Lad wins........
You win £250 (plus stake £50) with Boylesports
You lose £249.40 with Betfair
Overall Win/Loss - +0.40p
Yes, not ideal as you’ve not moved your money yet, but you’ve not lost anything (actually won 40p)
When Trying To Lose Money Concentrate On Un-Fancied Selections
Examples Of Sporting Events To Lose On......................
Tennis Matches – Only 2 Participants
Snooker Matches - Only 2 Participants
Darts Matches - Only 2 Participants
US Sports – Baseball, Basketball, American Football & Ice Hockey
Football Matches - Only 3 Outcomes
Cricket – Only 3 Outcomes
Horse Racing – You’ll find more opportunities when the prices between your bookmaker and the exchanges are similar NEARER to the off.
Note: If you are backing a selection at 6.0 with a bookmaker and laying the same selection for 6.0 on the exchanges, you have to take into account your commission rate.
