Football trading strategiesHorse racing strategiesExcel Trading Spreadsheets  

 

Trade 2 related horse racing markets.
A bit of imaginative staking for horse racing markets.

I would expect that most of us have placed bets and lays in more than one market when trading a football match.
Horse racing also has several markets to choose from, but my guess is that most Betfair traders won't have combined more than one horse racing market in the same trade.
The Excel spreadsheets described below show how horses can be traded across 2 or possibly more markets.
Note that, these trades always carry risk.
Just as all football trades across more than one market just within Betfair carry risk, when using these staking methods in horse races, there will always be one result that will show a loss.
If you have a selection process that will eliminate part of that problem, that may help towards making a profit.

These are the options when trading 2 horse racing markets in the same race :-.

  • Bet in both markets
  • Lay in both markets.
  • Bet in one market and lay in the other.
  • We can trade all three of those trading single runners, or several runners.
    There is nothing new about betting 2 markets, laying 2 markets, or betting in one market and laying another related market.
    As with football trading, all that we need is a strategy and a bit of imaginative staking.

Just about any 2 of these Betfair horse racing markets can be combined for a trade :-

  • Win market
  • Place markets
  • W/O (Without a nominated runner, usually the favourite)
  • FC & RFC forecasts
  • A - B (Horse A to beat Horse B or Horse B to beat Horse A)

The spreadsheets available below show what happens if one or more runners are combined using 2 of those horse racing markets.
 

 

This is a new web page.

More spreadsheets combining 2 horse racing markets  will be added later.

On this web page :-

NEW  Bet Win, bet Place

Lay the Extra Place

Bet Win, Bet Place.
Betfair has an Each Way market, but a bet in the Win market and a bet in the Place market can also be used to bet any horse Each Way of course.
The Betfair Each Way market odds may not always keep in step with the Win and Place odds for some runners.
As the odds fluctuate, betting Win & Place may pay better or worse than betting Each Way.
Video 2 below demonstrates a comparison of the 2 options.

The spreadsheet described here shows the staking required for betting one or more runners in both Win & Place markets if required.
Commission across both markets combined is built into profit and loss shown in the spreadsheet.
The spreadsheet allows for 15 win bets, and 10 place bets using the balanced staking of Dutching.
Those can be the same runners, or different runners in the 2 markets.
In the spreadsheet, bet stakes can be set to different levels in the 2 markets.
If you bet several runners in a Place market, profit and loss is shown for up to 4 placed horses.
You will need to check the Betfair market for the number of places involved in your chosen Place Market.

For those who look to bet Each Way by placing a bet in the Win market and a bet in the Place market :-
A small spreadsheet is also provided to work out the potential profit from a bet in the Each Way market in Betfair after commission deductions.
That allows a comparison to be made to see which staking method pays best after commission deductions, 2 separate bets, or a single bet in the Each Way market.

You may also find other uses for this Bet Win, Bet Place spreadsheet.
Input odds for several runners.
Change the stake sizes in the 2 markets to see the effect on profit & loss across the 2 markets for all possible combinations of Win & Place results.

Copyright notice.  In the videos below, Betfair content shown is for demonstration purposes only, and is presented with the kind permission of The Sporting Exchange Limited.  The Sporting Exchange Limited.

For a BIGGER VIEW of the videos, click the small icon bottom right with 4 square corners.

  • Video 1 describes the spreadsheet.
  • Video 2 demonstrates how betting Win and Place at the available odds may pay better than betting in the Each Way market for some runners.
    Unlike football markets, the odds in Betfair's horse racing markets may not be totally in time with one another.  This video demonstrates that.
    I expect that the Betfair Each Way odds are the mid point between bet and lay odds of the combined Win & Place markets.
    Look at those early - - well before Race Time when there are gaps between bet an lay odds in those 2 markets, and there may be a substantial difference between the returns from 2 separate bets in Win & Place markets, and a bet in the Each Way market.

    Also a trade of 4 horses in the Win & Place markets is demonstrated.

 

Bet Win, Bet Place spreadsheet       10
Use this spreadsheet to bet the Win market and bet the Place market of horse races.
The spreadsheet allows for 15 win bets, and 10 place bets using the balanced staking of Dutching.

After payment via PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the Excel spreadsheet file.


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Lay The Extra PlaceBet the place, lay the Extra place.
Bet and lay 2 separate place markets almost at level stakes.
This is a bet and lay strategy, but the outcome of the trade has the effect of laying a place market . . . . but with profit from placed horses and payout only on the single "Extra place".
Example :-
Bet a 3 place market, lay a 4 place market :- . . . . placed 1st, 2nd or 3rd = profit,
4th place = lay payout, Unplaced = zero profit or loss.

The spreadsheet described below shows what happens if we bet and lay 2 separate Place markets in the same horse race.
Bet a 2 place market and lay a 3 place market - - - -  and lose only if one of our horses finishes 3rd.
Bet a 3 place market and lay a 4 place market - - - -  and lose only if one of our horses finishes 4th.
Bet a 4 place market and lay a 5 place market - - - -  and lose only if one of our horses finishes 5th.

Hit the winner or placed horses in the smaller payout of the "Normal" place market to show a profit.
Unplaced runners will break even with zero profit or loss.
Only the "Extra" placed horse will cause a loss.

Example.  Bet a 3 place market, lay a 4 place market.
The staking in the spreadsheet is set to break even with zero profit or loss if a traded runner is un-placed.
Bet and lay a runner that is placed in the "Normal" 3 place market and we can have profit from that runner.
Bet and lay the "Extra" 4th placed horse, and there is a loss.
The overall effect is that we can lay one or more runners and only have payout if we hit the "Extra" 4th placed horse with one of our bet and lay trades of the 2 markets.
Bet and lay more than one runner using these 2 markets and only one horse will cause a payout - - the horse that finishes 4th.
If you have not bet and layed that 4th placed runner, there is profit from all horses traded that get placed 1st, 2nd or 3rd, in this example.

The spreadsheet has a facility for staking for a profit from on all runners except one - - - the 4th placed horse in the example above.
To do that, a percentage increase of the lay stake can be set in the spreadsheet, demonstrated in the videos below.

Copyright notice.  In the videos below, Betfair content shown is for demonstration purposes only, and is presented with the kind permission of The Sporting Exchange Limited.  The Sporting Exchange Limited.

For a BIGGER VIEW of the videos, click the small icon bottom right with 4 square corners.

  • Video 1 describes the spreadsheet.
  • Video 2 shows a live trade.
    In the Win market early in the video, odds for my runner "Gwafa" were bet 21.0, lay 22.0.
    Gwafa was badly hampered half way through this hurdle race, and his jockey was thrown out of the saddle, so his finishing position was "Unplaced".
    Profit from the trade was 1 after commission deductions which is 20% of the 5 initial bet stake.
    Liabilities for the total trade in Betfair were minus
    -18.17 if the horse finished 4th.
    If we divide 18.17 by 1.05, the lay odds for 1 profit after commission were lay odds 17.30 for a 4th place finish.
    Before you read too much into the difference between the lay odds 22.0 & lay odds 17.30, remember that Win market odds are geared to the winner, not a 4th place finisher.
    Nevertheless, for a lay of a single runner for a single finishing position, the difference in the lay odds is an interesting outcome.
    There was also the possibility of a bigger 4.44 profit, over 80% after commission if the horse had finished in the first 3.

 

 

Lay the Extra Place spreadsheet       10
Use this spreadsheet to bet and lay 2 horse racing Place markets
A link to the video above is in the spreadsheet is included.

After payment via PayPal, select the "Return to merchant" option on the PayPal screen.
PayPal should then route you to a download web page where you can obtain the Excel spreadsheet file.


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E-mail addresses or any other information that is forwarded will not be passed to 3rd parties.

These trades carry risk.
It is up to each individual to decide whether to enter into these trades or not.
The vendor cannot be held responsible in any way for losing trades whilst using the spreadsheets described..
Efforts have been made here to explain the problems involved.

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