Football trading strategiesHorse racing strategiesExcel Trading Spreadsheets

Horse racing strategies with spreadsheets for Betfair trading.

Mathematically, there are only 2 ways of trading.
Dutch a market by Betting or Laying more than one runner, or Hedge the odds by Betting High and Laying Low on the same selection.
Another strategy is to Lay multiple bets.
Those 3 strategies are covered here, in a variety of different ways.
  • Be A Bookie.  Lay the whole field or some of the runners.
    The more you Lay, the less your liabilities become.
    Clean up with a "skinner" - a horse you haven't layed.

  • Target 1 or 2 Losers.  Lay several runners, but target only 1 or 2 to be losers.
    All but those 1 or 2 runners will be winners for you, including some of those you have Layed.

  • Dutching.  Bet several runners for an equal profit whichever wins, providing you hit the winner.
    Dutching can be done in several different ways.

  • Hedging.  Bet High, Lay Low for guaranteed profits.
    Get this right and you cannot lose.
    Probably the majority of traders try to Hedge their way to profit, rather than Dutching.
    5 different Hedging options are available here.

  • Multiple Bets.  Bookies love to Lay multiple bets.
    Now is your chance to copy what they do by Laying Trebles, Yankees, and Union Jack bets.
    An advantage here is that you get to choose the losers !

The spreadsheets described on this web page can be used to trade most sports.
All are suitable for trading in horse racing markets on Betfair, Betdaq or a similar betting exchange.

NEW     Take a look at the free on-line calculators on the "Free Calcs" web page.

Trading strategies for Betfair

Lay In Bits

New
Dutch Bet or Dutch Lay to Break Even

Win Every Time With The One Trading Strategy That Never, Ever Loses

Arb an Each Way Bookie Bet

Be A Bookie Win Market

Be A Bookie Place Market

Lay to a Set Liability

Target 1 or 2 Losers

3 Different Ways of Dutching

5 Variations of Hedging

Lay 7 Trebles

Lay or Bet a Yankee

Lay a Union Jack

Strategies for Trading Horse Racing on Betfair

Lay in bits
Ever done this ? :-

  • We place a bet followed by a lay to equalize our trade for guaranteed win or lose winnings.
  • Our lay gets matched but the lay odds go even lower and we feel that we've missed out on a bit of extra profit.
    We feel that we could have layed at the lower odds.
    That's happened to us all many times.

A solution might be to offer a series of smaller lays over a range of lay odds, rather than one single lay at or near the current odds.
If all the lays get matched, we have layed at lower odds than the current odds overall for a slightly bigger profit.
A problem arises if our series of lays are only partially matched.
If that happens, we need to lay the correct amount to equalize what is left outstanding on the lay side of our trade.

  • If we are using trading software, all we need to do is hit the "Hedge" button and the software does the job for us.
  • However, if like me, you use the normal Betfair screens, laying the correct amount at the current lay odds may
    be very difficult to work out.
  • Also, when setting up our series of small lays, it would be best to balance our lay stakes by laying slightly different amounts dependant upon the size of the lay odds.
    For example, slightly bigger lays as the odds decrease would be better than staking equal amounts regardless of the odds, or simply guessing how much to lay at different odds.

The spreadsheet package described here overcomes the equalizing problem if our lays only get partially matched.
Additional spreadsheets are provided to show the stakes required to bet and then lay over a range of odds and balance the lay stakes according to the size of the lay odds.
Commission is built into the lay side of the staking where required.

If some of our lays are only partially  matched, or some are not matched at all, the "Lay In Bits" spreadsheet then enables us to complete our trade by laying the required amount to equalize our whole trade for an equal win or lose profit or loss.

Purchase  Lay In Bits spreadsheet for only 10

You may need Excel 2007 or a later version to view this spreadsheet.
Alternatively, these sheets will work using Open Office which is free to download
if
you "Google" for Open Office
.

After placing your bet, Lay up to 10 odds increments in Betfair.

  • Enter the Lay odds and stakes

  • Enter the stakes that get matched in Betfair.

  • The spreadsheet shows the stake required so that we can lay the correct amount to equalize the stakes that didn't get matched.

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.

Lay In Bits spreadsheet price = 10.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below.

Looking to profit from laying outsiders but worried about the HUGE liabilities ?.

  • Try Dutching to Break Even on some runners.

  • Set a max stakes limit.

  • If you don't hit the winner, all your lays will be successful and that will be your profit.

  • Hit the winner with a lay on a big priced outsider, and your liabilities need not be massive.

  • Successful "Break Even" lays on other runners will greatly reduce your liabilities on Big priced runners.

In the 3 videos below, 2 spreadsheets are described, one for laying and another for betting.

  1. Demonstrates inputs and how the Lay spreadsheet works.
  2. An example of Lay Dutching several runners in Betfair.
    Our liabilities on big priced runners are greatly reduced by other lays.
    Our profit from hitting a big priced loser remains unaltered.
    In this 2nd video, the winner of the race started from stall No. 2 but laying in other races at Lingfield using the system shown is not recommended as a winning method.
  3. A betting version of this "Break Even" Dutching spreadsheet.

Copyright notice.  In the 3 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.

 

These Break Even spreadsheets can be used to bet or lay up to 25 runners.
15 runners can be bet or layed to break even.
10 can be bet or layed for an equal profit or loss.

Input odds into this spreadsheet and  :-

  • The spreadsheet shows the stakes required to break even on selected runners.

  • Enter odds for other runners for an equal profit or loss against those runners.

  • Our total stakes remain at a limit that we set at the top of the spreadsheet.

Purchase  Dutch LAY to Break Even spreadsheet for only 10

You may need Excel 2007 or a later version to view this spreadsheet.
Alternatively, these sheets will work using Open Office which is free to download
if
you "Google" for Open Office
.

Lay, Dutching up to 25 runners.
Break even on selected runners.
Make an even profit or loss on the other runners that you Lay.

  • Enter the bet odds and the spreadsheet shows the Lay stakes required.

  • Set a stakes limit at the top of the spreadsheet to suit your comfort zone.

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.

Dutch LAY to Break Even spreadsheet  price = 10.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below.

Betting several runners but worried about 2 or 3 others ?
For a little extra, why not bet them all ?

Purchase  Dutch BET to Break Even spreadsheet for only 10

You may need Excel 2007 or a later version to view this spreadsheet.
Alternatively, these sheets will work using Open Office which is free to download if
you "Google" for Open Office.

Bet, Dutching up to 25 runners.
Break even on selected runners.
Make an even profit or loss on the other runners that you Bet.

  • Enter the bet odds and the spreadsheet shows the Bet stakes required.

  • Set a stakes limit at the top of the spreadsheet to suit your comfort zone.

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.

Dutch BET to Break Even spreadsheet price = 10.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below.

Trade Bookies Free Bets for guaranteed winnings.  This is a Hedge strategy.
Trade a Bookie Deposit and Free Bet correctly, and you can guarantee excellent profits on EVERY trade.
It doesn't matter if you hit all winners, all losers, or something in between.
Also, it doesn't matter if your Bet odds are bigger or smaller than your Lay odds
Stake correctly, and you will win EVERY time.

The spreadsheet package offered here is the one I have used very extensively and covers different types
of bookie offers :-

  • Free money such as the Betfair offer.

  • Bet a deposit, free bet stake IS returned with winnings.

  • Bet a deposit, free bet stake is NOT returned with winnings.

  • Bet a deposit, get a percentage added to your winnings, for example treble your winnings.

  • Bet a deposit, get your bet stake refunded if you hit a loser - - a "Lose Only" refund.

Stake offers such as these correctly, and you are betting on a mathematical certainty.
Stake correctly, and you cannot lose.
You will have risk free guaranteed winnings every time.

What profit to expect.
Ask any Betfair trader, and he would be very, very satisfied with a net percentage profit on a normal trade
of  5% to 10%, and if he is honest, he would expect to have losing trades.
When you Trade bookies free bets, you should aim for an 80% profit on your initial deposit from the whole trade, deposit and free bet combined..
Some trades will pay less than 80% of your deposit, but a few may pay more.

Example.  JenningsBet July 2008.  Bet 30, get 30 free.  My Free bet stake was not returned with winnings.

  • Trade 30 deposit.
    JenningsBet.  Bet 30 at Bet odds 2.87,  Lay 30.64 at Betfair odds 2.86 for a small net loss -0.89

  • Trade Free Bet
    JenningsBet Free Bet 30 at odds 15.0,  Lay 27.18 at Betfair odds 15.5.  Net profit = 25.82

  • Both deposit and free bet selections lost.
    Net profit = Successful Lay of Net 25.82, Less -0.89 = + 24.93 Net Profit.

That is 83.1% net profit on the initial 30 deposit from the 2 trades combined - the equivalent of a winner at odds of almost 5/6, with no risk.
Note that
if both selections had won, or if there had been one winner and one loser, the net profit would have been almost the same..
The spreadsheet shows the stakes required to equalize your trades whether your selections win or lose - including commission on the Lay side of your trades.
Note also that in the 2nd part of the trade, the Bet odds of 15.0 were lower than the Lay odds of 15.5.

Compared to any normal trade, over 60% net profit ON EVERY TRADE is an absolutely fantastic return.

Here are the maths of my JenningsBet example above showing how my trades were equalized.
Do not be put off by the large liabilities shown below.
I have regularly layed to very large chunks of my Betfair bank, knowing that my overall trade would show a good profit.
It made very little difference whether my JenningsBet selections won or lost :-

Trade 30 deposit Bet + or - Lay Liability Net
Win 30 x odds 2.87 56.10 Lay 30.64 x odds 2.86 -56.99 -0.89
Lose   -30 30.64 less 5% +29.11 -0.89
Trade 30 Free Bet Bet + or - Lay Liability Net
Win 30 x odds 15.0 420 27.18 at odds 15.5. -394.11 25.89
Lose Free bet

Zero

27.18 less 5%   25.82

Mostly, bookies offer to match your initial deposit with a free bet of the same value.
Usually, the free bet stake is not included with winnings.
Do not look on that as a negative.
It is perfectly normal for a bookie not to return the free bet stake with winnings.
It will not adversely affect your profits.
Mostly, I aim for 80% profit on a free bet before commission.
That is a gross profit of 20 on a free 25 bet, 40 on a free 50, or 80 on a free 100.
I don't always achieve that, but when I do, it's very satisfying.

Stake correctly, and you should NEVER HAVE A LOSING TRADE that involves a bookie deposit and free bet.
You can easily achieve what is described here.

Copyright notice.  In the 4 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.

  1. Video 1 demonstrates inputs and how the spreadsheet works.
  2. An example of a Free Bet trade, betting with the bookie and laying on Betfair.
  3. How to save a bit of commission on these trades.
  4. Lay liabilities and exit strategies.

For a bigger view of the videos below, click the icon with 4 small arrows near the bottom right hand corner, just below the " T " in the word "Tube"

 

If you have no bookie accounts at present, you should be able to make 1000 or more clear net profit on just the initial deposits of these offers, if you take advantage of the maximum free bets available.
If you can't do that, I'll eat my spreadsheet.
If you have just a few bookie accounts at present, this is an excellent way of boosting your betting bank.
Don't forget, these trades carry virtually NO RISK.

Purchase instructions and Free Bets spreadsheet here for only 10

You will need Excel 2000 or a later version to view this spreadsheet.

This Free Bets spreadsheet calculates the stakes required to trade your bookie deposit and free bets to profit.
Input the size of your deposit or free bet, plus the odds of your selection.
The spreadsheet shows the stakes required to trade to a good profit on the 2 trades --- deposit and free bet.
Also included :-

  • A banking spreadsheet to record your transactions and track your growing profit.

  • Some bookies offer to match the stake of your first bet, double your winnings, or add a percentage to your winnings.
    Extra spreadsheets within this Excel file cover these offers.

Stake correctly, and the risk is ZERO.  You will win on EVERY trade, deposit + free bet.

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.

Free Bets spreadsheet plus instructions price = 10.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below.

Bet Each Way with a bookie and lay win and place in Betfair.
When a bookie accepts your each way bet, the odds of the Place part of your bet are fixed by the bookie's Win odds.
The most common place terms are a fifth of the win odds or a quarter the win odds if our horse or other selection is placed.

In Betfair, the Place market odds are totally detached from the Win market odds, so it is very unlikely that the place odds in Betfair will be a fifth or a quarter of the odds in Betfair's Win market.
If we can find Lay odds in Betfair that are smaller than bookie Win and Place bet odds, we can trade for guaranteed winnings whatever the result of our horse race or other event.

An advantage of an Each Way Arb, is that it is not essential to make a profit from both the win and place parts of the trade.
For example, the win part of our trade might only break even or maybe make a small loss, whilst the place part of the trade makes a profit that puts the whole trade into profit.

There are of course 3 possible outcomes for an Each Way bet :-
Our runner wins, is placed, or is unplaced.
Whatever the bet and lay odds, we can bet with a bookie and lay both Win and Place markets in Betfair and equalize our trade for an equal profit or loss on all 3 possible results - Win, Place or Unplaced.
If we can bet with a bookie and lay with suitable odds in Betfair, we can stake to equalize our whole Each Way trade for guaranteed winnings - - - -  a zero risk profit whatever happens to our runner.
Such trading opportunities will not be numerous, but they are there every day in horse races if you are prepared to look for them.

The spreadsheet below can be used to make these trades.

Trade like a Pro.
An alternative to equalizing our Each Way trade across all 3 possible outcomes, is to bias the staking a little to favour  the Win and Placed outcomes over the Unplaced outcome.

A second spreadsheet in this Excel file shows the lay stake required to break even if our runner is unplaced, but show an increased profit if it wins or is placed.
Pro traders will use this technique to increase profit in the long term from their Each Way trades.

Input the size of your Each Way bet stake with the bookie, plus the bookie bet odds and Betfair lay odds from the win market and the place market.
The spreadsheet shows a range of lay odds and stakes for both Win and Place markets in Betfair, which enable us to trade to zero loss on an unplaced runner.
Commission deductions are built into the calculations.

Apologies for the poor quality of the sound recording in this video.
For a bigger view
of the video below, click the icon with 4 small arrows near the bottom right hand corner of the YouTube screen

 

This spreadsheet can be used to trade the Each Way Arbing strategy described above.

 Each Way Arbing spreadsheet 10.
You will need Excel 2007 or a later version to view this spreadsheet.
The spreadsheet should also work using Open Office.

Input the amount of your Each Way Bet Stake with the bookie.
Input the bookie bet odds and the Betfair lay odds from the Win and Place markets and the spreadsheet shows :-

  • A range of lay odds and lay stakes for both win and place markets

  • Equal profit or loss if we lay at any of those odds using the lay stakes shown..

  • The liability of both of your lays.

  • An alternative spreadsheet allows us to bias the staking to favour a win or place outcome, and break even on an unplaced runner.

  • Commission is built into the lay side of the calculations.
    If our runner is unplaced, we would pay commission on our 2 successful lay stakes.
    If our runner is placed, we have commission to pay on our successful lay in the Betfair Win market.
    If we hit a winner, we have bet winnings with the bookie, but lay liabilities in both Betfair markets.

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.

 Each Way Arbing spreadsheet price = 10.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below.

Be A Bookie.
Lay the whole field, or just a few runners.
This spreadsheet allows you to be the bookie.
The spreadsheet shows the stakes required to Lay from one to 25 selections for an equal payout, no-matter what the outcome of the race.

Laying, is of course, the total opposite of Betting.
If you place several Bets in a race, your liabilities will increase with each Bet, and as each Bet is added, your potential profit will decrease due to losing Bets.
If you don't hit the winner, you could end up "Skint".

If you are the bookie however, the opposite applies.
As you lay more selections, your liabilities reduce due to successful Lays on losers, so each additional Lay reduces your payout.
If you don't Lay the winner, you could end up the opposite of "Skint" - you will clean up, with every Bet you Layed being a winner for you.
To sum up, as you Lay more runners your liabilities become less,  and the more you stand to make on a "Skinner" - any horse you haven't Layed.

Copyright notice.  In the 5 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.

  1. Video 1 demonstrates inputs and how the spreadsheet works.
  2. Lay several runners in a horse race, adjusting the stakes for almost an even money situation, even though we don't expect to hit the winner with the horses that we have layed.
    Link to my old startingstalls web site.
  3. Use the Adjust feature to favour one outcome over all the others.
    Dutch Match Odds in a football match to Lay the Draw and then Lay the 2 teams after a goal is scored.
  4. Trade across more than one market.  Lay the Draw in football markets with insurance against a Nil - Nil result.
  5. How to Lay or Bet below the 2 minimum.
    For a bigger view of the videos below, click the icon with
    4 small arrows near the bottom right hand corner, just below the " T " in the word "Tube".

 

Be A Bookie spreadsheet  5
You will need Excel 2000 or a later version to view this spreadsheet.

Lay up to 25 selections to an equal liability.
This spreadsheet is suitable for any event - horse racing, football, cricket, tennis, snooker, etc.
Use this spreadsheet to show the stakes required to Lay all runners for an over round book and a guaranteed profit whatever the result of a race, or Lay just a few runners to an equal liability.

Input the amount of your Total Payout, and as you input the odds of your selections, the spreadsheet shows :-

  • Total payout on any winner remaining constant at your original input.

  • The Lay stake required for each runner.

  • Equal liabilities against each runner.

  • Liability on each runner reducing as more runners are Layed.

  • Percentage of your book at all stages.

  • Total of Lay stakes at all stages - "Skinner" amount.

The more runners you Lay, the less your liabilities become.
The more runners you Lay, the bigger the payout on a "Skinner" - a horse you haven't Layed.

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.

Be A Bookie spreadsheet price = 5.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below

Dutching (Laying) to a Liability Target
This Dutching method offers total control of your liabilities whilst you lay up to 25 runners.
Use this spreadsheet to lay up to 25 runners for a liability of your choice if you hit a winner.

  • Dutching to a Liability target.

  • The stake on each runner increases as more runners are Layed.
    The total stake (your "Skinner" amount if you don't hit the winner) increases as more runners are added.

  • Desired liability remains constant.

This Lay staking method may be suitable for use with a staking plan.

  • Lay big odds for small liabilities if you choose.

  • Limit the amount you lose if you Lay the winner - in any sport.

  • As you lay more runners, your liability remains at the level of your choice.

  • As you lay more runners, your Total Stakes increase.
    If you don't hit the winner with your lays, all your lays are successful and you clean up with profit equal to the total of all your lay stakes.

A problem with this method of Lay Dutching is that the odds of all your selections need to be put into the spreadsheet before you start to place your lays.
If you alter any of the odds or you add another runner, ALL the stakes will change in order to maintain your liabilities at your chosen level.

How to Lay several runners at once on Betfair.

  • Click the Lay odds on Betfair and input your stake as usual, but don't hit "Submit".

  • Do the same for all your selections until you have all your lays with stakes on show.

  • Once you are satisfied with your staking, hit "Submit," and "Confirm" your Lays.

  • All your lays will be submitted together in one go.

Excel spreadsheets are a quick and reliable way of doing calculations.
Purchase an excellent spreadsheet here for only a fiver.
Dutch to a Lay Liability Target spreadsheet.
You will need Excel 2000 or a later version to view this spreadsheet.

This Dutch to a Lay Liability Target spreadsheet calculates the stakes required to Lay up to 25 selections for an equal liability if you hit the winner with your Lays.
The only inputs required are the names of your selections, the amount of the Liability that suits your comfort level, and the Lay odds of your selections.
The spreadsheet shows the stakes required for each selection and maintains the liability on all selections at the level that you set.
As you input more runners, the stakes adjust and your liability always remains the same.

The spreadsheet shows your Liability, total stakes, and for interest, the percentage odds of your selections, plus total percentage of your book..

This spreadsheet also has an Adjust feature which allows you to increase or decrease the size of your Liability on any individual runners whilst maintaining your chosen Liability target on all other runners.
You can therefore bias your liability on any runners that you think may be more likely to lose.

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.

Dutch to a Lay Liability Target spreadsheet price = 5.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below

Copy what an on-course bookie might do.  Target 1 or 2 runners to lose.
To use this laying method, you do not need to lay all the runners, but just a few.

Whilst watching televised horse racing, television presenters often tell us that the bookies are targeting one or 2 runners to lose.
The spreadsheet below shows the staking for doing that.
The bookies will lay most if not all of the runners, but only lose if the winner is one particular horse or maybe comes from 2 particular horses.
A bookie may lay every runner, but we don't need to do that.
We can lay just a few runners to use this laying method.

There are 4 spreadsheets in this file which enable us to target 1, 2, 3, or 4 runners to lose.
We can lay as many runners as we like, but only lose if one of our target runners wins the race.
If anything else wins, we have profit, even from lays that are not our targeted lays.

That will work in any market, horses, football, golf, etc.
To make this pay in the long term, you will need your own selection process for picking losers.
Whether that is horses, football scores, golfers or anything else, is ok.
This strategy will work in any sport, any market.

Bookies may Lay just a few runners against the field, in the hope that an outsider wins to give them a "Skinner".
Using this strategy, we can do exactly the same.
We can Lay just a few runners but have liabilities against only our targeted runner or runners.
We will have a profit against every other non-targeted runner that we lay.
If you use this strategy, you don't Lay the whole field, but just a few of the runners.

  • As we lay more runners, our liabilities against our targeted runner or runners go down.

  • As we lay more runners, our profit against our NON-targeted runners goes up

  • As we lay more runners, our profit from runners that we have not layed at all goes up - - all our lays would be successful and we clean up with a very nice profit

Using this strategy, we win on all runners except our targeted runner or runners.
Our liabilities on targeted runners are reduced by our Lays on other runners.
In this way, we have only our targeted runner or runners against us, but with reduced liabilities.
All the others are running for us and will produce a profit.
This is not the same as Laying a single runner.
We are reducing our liabilities on our targeted runner or runners by laying lesser amounts on other non-targeted runners.

Supposing a race had 20 runners.
We could Lay 4 horses (for example), but only one will  make a loss for us.

We Lay horse 1.
Then we Lay horses 2, 3, and 4 but with lesser amounts.
The size of these stakes is dependant on the size of our larger stake on horse 1.
In this way, we reduce our liabilities on horse 1 by Laying 3 other horses.
We could carry on Laying more horses if we wish.
Once we have Layed our 4 horses, if the winner comes from horses 2, 3 or 4, we still make a profit.
If horse number 1 wins, we make a loss, but our liabilities have been reduced by the successful Lays on horses 2, 3 and 4
If the winner does NOT come from the 4 horses that we have Layed, we have 4 successful lays, and clean up, with no payout.

This spreadsheet shows the stakes required to target one horse, 2 horses, 3 horses or 4 horses, and reduce the liabilities on those runners by Laying other horses.
This strategy can of course be used in any market - - - football Correct Score, a golf tournament etc.
In a football market for instance, you could target a single score line to lose, and Lay several others that you think might also lose.
For example, target 3-0 and also Lay 0-3, 3-1, 1-3, and 3-2 (or any scores of your choice).
If the game does not end in a 3-0 win for the Home team, you are a winner on all other scores.
You could target a single player not to score first, or a golfer or tennis player not to win a particular tournament.

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.

  1. Video 1 demonstrates inputs and how the spreadsheet works.
    We can Lay lots of runners but only show liabilities against 1 or 2 runners, with a profit shown against all our other lays

  2. .Lay several runners in a horse race, adjusting the stakes to balance your trade

  3. .Target 2, 3, or 4 runners to drastically reduce your liabilities on targeted runners.
    The football match described near the end of this 3rd video ended with a score of 3-2.

  4. How to Lay or Bet below the 2 minimum.
    For a bigger view of the videos below, click the icon with 4 small arrows near the bottom right hand corner, just below the " T " in the word "Tube".

 

1 or 2 Losers Excel spreadsheets 10.
You will need Excel 2000 or a later version to view these spreadsheets.

These 1 or 2 Losers spreadsheets calculate instantly the Lay stakes required to Lay up to 20 selections to reduce the liability on either 1 or 2 target horses.
You could of course use this spreadsheet for any event other than horse racing.
This Excel file contains 2 separate spreadsheets for your tenner.

1 loser spreadsheet
Only the first horse will have a negative liability.
Once you lay more than 2 horses, a profit will be made on horses 2 to 20.
If you don't Lay the winner, you clean up with the total of all your Lays.

2 losers spreadsheet
Only the first 2 horses will have negative liabilities.
Once you lay more than 3 horses, a profit will be made on horses 3 to 20.
If you don't Lay the winner, you clean up with the total of all your Lays.

If none of the Layed horses win, you clean up with the total of all the Lay amounts staked - you have a "Skinner".

The more runners you Lay :-

  • The less your liabilities become on your target horses

  • The more profit you show on other Layed horses

  • The bigger the payout on a "Skinner" - a horse you haven't layed.

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.

1 or 2 Losers Ecel spreadsheets price = 10.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below

3 Different Ways Of Dutching
As you probably know, Dutching is a method of staking several selections in the same race.
Stakes are calculated so that providing you hit the winner, each selection returns the same profit.

Dutching can be a very effective way of betting on a number of selections in order to show a profit, but whilst increasing the number of selections obviously increases your chance of hitting the winner, every additional selection also reduces your overall odds, and reduces your profit.

If Laying when Dutching, the opposite applies.
Whilst increasing the number of selections obviously increases your chance of hitting the winner for an unsuccessful Lay, every additional selection also reduces your overall odds, and any payout.
If you miss the winner, all your Lays will be successful.  You will clean up with a "Skinner".
Bookies, or Betfair traders who Lay several selections in an event, are in effect Dutching the market.
I suspect that most traders will use the Simple Dutching method described below.

There are 3 methods of Dutching shown here.
Each has its advantages over the others concerning odds input for calculation, control of total stakes, and profit target.

Simple Dutching

  • Allows odds to be input in any sequence

  • Stakes remain unaltered throughout

  • There is no control of Total Stakes.

Stakes Limit Dutching

  • The odds of ALL the runners need to be input before calculations can be done

  • Stakes will adjust, if more selections are added.

  • There is total control of Total Stakes.

Dutching to a profit target

  • Maintains profit level regardless of number of runners or odds.

  • As the number of selections increases, all stakes are adjusted to maintain the desired profit.

  • Total Stakes can spiral alarmingly, especially if the odds are short.

This Excel spreadsheet package contains 3 separate spreadsheets that show the stakes required to Dutch any market with stakes remaining unaltered as you add more selections, or Dutch with control of total stakes,  or Dutch to a profit target, as described above.


You will need Excel 2000 or a later version to view these spreadsheets.

1.  Simple Dutching.  Be A Bookie spreadsheet.  (2 spreadsheets - Bet or Lay).
This Be A Bookie spreadsheet calculates instantly the stakes required to Bet or Lay up to 25 selections to an equal Bet profit or Lay liability.
You could use this spreadsheet for any event - horse racing, football, cricket, tennis etc..

Input the amount of your Total Winnings (Bet), or Payout (Lay) including stake, and as you input the odds of your selections, the spreadsheet shows :-

  • Total Bet or Lay payout on any winner remaining constant at your original input.

  • The Bet or Lay stake required for each runner.
    As you add more selections, stakes on other runners do not alter.

  • Equal winnings or liabilities against each runner.

  • Liability on each runner reducing as more runners are Layed.

  • Liability on each runner increasing as more runners are Bet.

  • Total of Lay stakes at all stages - "Skinner" amount.

  • Total Bet stakes at all stages.

  • Percentage of your book at all stages.

The more runners you Lay, the less your liabilities become.
The more runners you Lay, the bigger the payout on a "Skinner" - a horse you haven't layed.

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.

Be A Bookie 5

2.  Set A Stakes Limit Dutching spreadsheet.
This Set Amount spreadsheet calculates the stakes required to bet from up to 25 selections for an equal profit whichever wins.
The only inputs required are the amount of your Total Stake and the odds of your selections.
Your Total Stake amount remains constant no-matter how many selections you have  ....... up to a max of 25..
The spreadsheet shows the stakes required for each selection to make an equal profit on any winner.
The spreadsheet shows your profit, and for interest, the percentage odds of your selections, and total percentage of your book.

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.

Set Stakes Limit 5

3.  Dutch to a Profit Target spreadsheet.
Win as much as you like, providing you hit the winner.
This Profit Target Dutching spreadsheet calculates the stakes required to bet up to 25 selections for an equal profit whichever wins.
As you add more selections, the profit on any winner remains constant at the level of your choice.
The only inputs required are the amount of your required profit and the odds of your selections.
The spreadsheet shows the stakes required for each selection to achieve your required profit on any winner.
The spreadsheet shows your profit, total stakes, and for interest, the percentage odds of your selections, plus total percentage of your book.

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.

Profit Target 5

 

Purchase all 3 Excel Dutching spreadsheets price = 10.
Payment is by PayPal, but you don't need a PayPal account to use the payment button >>>.

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.


3 Dutching Methods 10

5 Variations of Hedging
Bet high and Lay low is the golden rule of hedging for a guaranteed win/win situation.
One of the basic strategies of trading on Betfair is to bet and lay (Hedge) a single runner as the odds increase or decrease.
A Hedge can be successful on any movement of the odds, up or down.
Odds increasing or odds decreasing dictate the order of Hedge transactions.

In a rising market  (odds  increasing) Lay first -  Bet 2nd
In a falling market (odds decreasing) Bet first -  Lay 2nd
A Hedge can secure a guaranteed profit, no-matter what the outcome of the race/event.

There are 5 separate Hedging Excel spreadsheets available here.
1.  Hedge a single Bet or Lay on one runner.
2.  Hedge a series of Bets and/or Lays on one runner.
3.  Hedge a series of Bets and/or Lays on more than one runner.
4.  Hedge a single Bet or Lay to a profit target.  Stake to win any amount of your choice.
5.  Hedge your Bookie Bets.  There is no need to anticipate a market move if you make these trades.

1.  You may be able to place a single Bet or Lay to Green Up for a guaranteed profit on your single Bet or Lay, no-matter where your horse finishes in the race, win or lose.

2.  Alternatively, you may decide go along with the market move by placing a series of Bets or Lays on a runner, with the intention of Greening Up by equalizing your trade closer to the starting time of the race.
You could equalize all your trades on that one runner with a single Bet or Lay for an equal profit or loss whatever the result, win or lose.

3.  You could place one or more Bets and Lays on more than one runner, and later equalize your trades by placing single bets or lays on each runner, for an equal profit or loss whatever the result, win or lose.
Note that.

These Hedging spreadsheets show the stakes required for a range of different odds, thus eliminating the need to re-input the odds if there is a market move whilst you are trading.

Copyright notice.  In the 3 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.

These videos demonstrate the Hedge 3 Bets spreadsheet - how it works and what it can do.
For a bigger view of the videos below, click the icon with 4 small arrows near the bottom right hand corner, just below the " T " in the word "Tube".

 

4.  As with most other forms of betting, it is possible to win a specific profit from Hedging.
It isn't easy to forecast a market move, and most of us can't even predict which way the market will turn, but if you have your own views, you can trade to a specific profit using a Profit Target Hedging spreadsheet.
The Hedge to a Profit target spreadsheet available below may be used to work to a staking plan, or to recover lost stakes etc..

5.  Hedge using 2 different markets, a Bookie and Betfair, and you don't need to anticipate movement of the odds.
Mostly, bookie's odds are slightly shorter than Betfair odds, but as markets fluctuate, bookies are not always quick to respond.
Where bookie odds are bigger, you may be able to trade to a guaranteed profit, without having to anticipate which way the odds are likely to move ........ The odds have already shortened.
A drawback of this strategy is that if your selection loses, you have commission to pay on your successful Lay.
Overcome that problem with this Hedge Your Bookie Bets spreadsheet.
This spreadsheet shows the stakes required to trade a Bookie Bet and Betfair Lay to an equal profit whatever the outcome, including commission on the Lay side of your trade.

You will need Excel 2000 or a later version to view these spreadsheets.

1.  Hedge A Single Bet.
Trade using just 2 transactions, a Bet and a Lay, or a Lay and a Bet.
This Hedge spreadsheet calculates instantly the bet or lay stake required to make a profit no-matter what the outcome of any event, provided the bet odds are higher than the lay odds.
Input your initial stake and the Bet and Lay odds for instant calculations.
The spreadsheet can be used for trading - you can bet and lay the market for a particular runner, golfer, football team, cricket team, tennis player, etc.
Bet first, or lay first, it makes no difference, providing the Bet odds are greater than the Lay odds, this spreadsheet covers both eventualities - Bet first or Lay first.
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.

Hedge Your Bet 5

2.  Hedge a series of Bets or Lays on a single runner.
This Hedge Several Bets spreadsheet is ideal for trading several transactions on a single runner, team, etc.
This spreadsheet calculates instantly the Bet or Lay stake required to equalize your trade.
Input the odds of your Bets and Lays to mirror your Matched Bets and Lays on Betfair and the spreadsheet :-

  • Shows your current position in the market.

  • Decides for you whether you need to bet or Lay in order to equalize your trade.

  • Shows 16 odds increments, with associated stakes for equalization.

  • Shows the effect that equalizing at each of those 16 odds would have on your present position.

  • Allows 20 Bet and 20 Lay matched inputs.

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.

Hedge Several Bets 5

3.  Hedge several Bets or Lays on up to 3 runners.
Built specifically for trading the Match Odds market of football matches on Betfair, this Hedge 3 Bets spreadsheet is ideal for trading several transactions on up to 3 selections.
The spreadsheet calculates instantly the Bet or Lay stake required to equalize your trades.
Input the odds of your Bets and Lays to mirror your Matched Bets and Lays on Betfair, plus the current odds, and the spreadsheet :-

  • Shows your current position in the market for each individual selection..

  • Shows your current position in the market for all 3 combined selections.

  • Decides for you whether you need to Bet or Lay in order to equalize your trade.

  • Shows 9 odds increments, with associated stakes for equalization.

  • Shows the effect that equalizing at each of those 9 odds would have on your present position.

  • Allows 10 Bet and 10 Lay matched inputs for all 3 selections (60 in total).

Hedge your Bets and Lays to an All Green Screen.
Make an equal profit no-matter what the outcome.
Hedge correctly whilst the odds move in your favour, and you cannot lose.

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.

Hedge 3 Bets 10

4.  Hedge to a Profit Target.
This Hedge to a Profit Target spreadsheet calculates the bet or lay stakes required to make a specific profit no-matter what the outcome of any event, provided the bet odds are higher than the lay odds.
The only inputs are your required winnings and the Bet and Lay odds.
The spreadsheet can be used for trading - you can bet and lay the market for a particular runner, golfer, football team, cricket team, tennis player, etc.
Bet first, or lay first, it makes no difference, providing the bet odds are greater than the lay odds, this spreadsheet covers both eventualities - bet first or lay first.
Get your staking right, and you can win any amount you choose with this spreadsheet, providing your Bet odds are bigger than you Lay odds.

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.

Hedge To A Profit Target 5

5.  Hedge Your Bookie Bets.
Open 2 internet windows, and you can compare the odds offered by your Bookie and Betfair.
Where the Bookie odds are bigger, the odds have already shortened, so you may be able to Bet High with your Bookie and Lay the same runner Low on Betfair for guaranteed winnings.
This spreadsheet shows the stakes required to trade to an equal profit whatever the outcome.
Your commission rate is built into the calculations.
Note that due to commission being included in the calculations, you will probably need more than one increment difference between the Bet and Lay odds in order to show a profit on this kind of trade.

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.

Hedge Your Bookie Bets 5

 

Purchase all 5 Hedging Excel spreadsheets here for only 15.
Payment is by PayPal, but you don't need a PayPal account to use the payment button >>>>>

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.


5 Hedging Methods 15

Lay 7 Trebles.
High street bookies accept multiple bets every day.
Some bookies offer incentives to encourage punters to bet in multiples such as trebles.
That is a clear indication of how much bookies value these kind of bets.
Now you can copy what they do by Laying several trebles.

The spreadsheet below shows the stakes required to Lay up to 12 selections in 7 separate trebles.
With 12 selections, there are a possible 220 treble combinations, but this staking plan covers only 7 of them, leaving you with less than a 1 in 30 chance of hitting a winning treble combination with your 12 lays.
The treble combinations (shown below), are arranged so that each selection appears a maximum of only once in any other treble.
For example, your first selection appears in only 1 treble.
Selections 2, 3, 4, 5, 6, 7, 8, 9, and 10 appear in only 2 trebles each, whilst selections 11 and 12 appear in only 1 treble.
If you were a bookie offering this multiple trebles bet, your customer, the punter could have the first 7 winners on his betting slip, and not have a winning treble.
Also, if his first 4 selections were losers, and then his last 8 selections were winners, he would not have a winning treble.

  Trebles 1 to 7      
  1 2 3 4 5 6 7
Horse 1 0.00            
Horse 2   0.00     0.00    
Horse 3     0.00     0.00  
Horse 4       0.00     0.00
Horse 5 0.00       0.00    
Horse 6   0.00       0.00  
Horse 7     0.00       0.00
Horse 8       0.00 0.00    
Horse 9 0.00         0.00  
Horse 10   0.00         0.00
Horse 11     0.00        
Horse 12       0.00      

Normally when you bet on a double or treble, you select just one runner per race and any winnings are carried forward onto the next part of your double or treble, but when you Lay doubles or trebles, you don't have to Lay single horses.
As a Layer, you may choose to start several trebles in the same race, and guarantee several losing trebles in your first race.
Suppose you decide to Lay 7 trebles.
In theory, you could start 7 separate trebles by Laying 7 selections in one race, and in doing so, you could guarantee that at least 6 of those trebles would fail, since there could only be one winner.
You would have at least 6 successful Lays, and if you were unlucky enough to hit the winner, one unsuccessful Lay.
Of your 7 trebles, only one could possibly have stakes carried forward to the second part of the bet.

This Lay 7 Trebles spreadsheet allows a maximum of 3 or 4 selections in any one race, depending upon the progress of your trebles.
If you don't hit the winner with those 3 or 4 selections, all of your 7 trebles will fail, and you will have 7 points profit.
Strategy.

  • Lay 4 runners in your first race.
    All 7 trebles could fail, giving you a 7 point profit.
    If you hit the winner with Horse 1, only 1 stake would be carried forward to the 2nd part of a treble.
    If you hit the winner with Horse 2, 3, or 4, a maximum of 2 stakes would be carried forward to the 2nd part of 2 separate trebles.

  • Lay 1 runner in a second race.
    If you hit the winner, stakes would be carried forward to the 3rd part of one treble.

  • If necessary, place your final Lay on the remaining treble.

You may of course, Lay less than 3 or 4 runners in each race.
The spreadsheet below, shows the Lay stakes required to Lay each treble as they progress.

Lay one runner at a time, or more than one runner.
The spreadsheet shows the stakes required to Lay 7 trebles from 12 runners, with in theory, a less than 1 in 30 chance of hitting a winning treble.

Lay 7 Trebles Excel spreadsheet 5.
You will need Excel 2000 or a later version to view this spreadsheet.

This Lay 7 Trebles spreadsheet calculates the stakes required to Lay each runner of your trebles in sequence.
The only inputs required are the amount of your basic stake, and the odds of your selections.
As your trebles progress, the spreadsheet shows

  • The stake required for each runner.

  • Your profit from successful Lays so far

  • The liability of your current lay.

  • Your Bank - profit or loss on losers and winners so far.

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.

Lay 7 Trebles Excel spreadsheet price = 5.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below

Lay or Bet a Yankee.
The Excel file available below contains 2 spreadsheets.
One spreadsheet shows the staking required for Laying a Yankee one runner at a time, and another for Betting a Yankee one runner at a time.
Commission deductions are built into the calculations.
These spreadsheets are designed for use in an exchange such as Betfair, but commission in the spreadsheet can be set to zero so that the betting sheet can also be used for betting one selection at a time with a bookie, or bookies if required.

The idea is to lay or bet your selections one at a time so that you know the result of one event before the next starts or kicks off.
The spreadsheets can be used to bet or lay any sport or a combination of different sports.
As we are betting or laying one selection at a time, the bets or lays can be spread over any timescale, all on the same day, one per day perhaps, or even one per week etc.
The write-up below describes the Laying spreadsheet.

The bets your bookie loves to Lay can also be Layed on Betfair or any other exchange.
Multiple bets are the bread and butter of being a bookie.
Bookies like nothing better than Yankee and other combination bets.
Some major bookies are so keen to accept these bets that they even offer bonuses to encourage punters to bet using a Yankee, Canadian, Heinz, Union Jack etc.
Now is your chance to follow their example, and Lay as many Yankees or Union Jacks as you like on Betfair or any other betting exchange.
You select the horses, golfers, football teams etc. to lose.
Your selections will be Layed one at a time, so can be in any market, and can be spread over any time scale.

As you know, a Yankee is 4 selections combined in 11 bets consisting of 6 doubles, 4 trebles and one 4 timer.
If just one of the 4 selections loses, 7 bets fail, leaving just 3 doubles and a treble.
Unlike a bookie, if you Lay a Yankee on Betfair using this spreadsheet, you don't have to Lay the whole 11 bets.
This offers the opportunity to take advantage of 7 successful Lays from one loser.

For example.
You place your first Lay, and the selection loses.
You are 7 points up.
You could trouser the winnings, and start afresh with a second Yankee.
If your 2nd Lay loses, you are 14 points up from just 2 losers.
A bookie cannot do that.
He can only gain 11 stakes from all 4 losers in a Yankee since he has to see out the whole bet.

3 Doubles and a Treble.
You may be concerned that sooner or later a few consecutive winners will come along and the high liabilities involved may take you beyond your comfort zone.
To avoid this scenario, the Lay Yankee spreadsheet above can be used to Lay 3 Doubles and a Treble, rather than the whole Yankee.
Simply input runner A as a loser, and the spreadsheet then covers only runners B, C, and D leaving you with just 3 Doubles and a Treble.

Strategy.
Again, your first runner carries most stakes.
In this case, your first runner starts 2 doubles and a treble.
If your first runner loses, you could pocket 3 stakes and start from scratch again.

Laying Yankees works for bookies, so why not for you ?
Why not choose 4 horses today TO LOSE and see what happens ?

Lay Yankee and Bet a Yankee Excel spreadsheets 5.
You will need Excel 2000 or a later version to view these spreadsheets.

The file contains 2 spreadsheets, one for Laying a Yankee, and another for Betting a Yankee.
Commission deductions are built into the calculations.
The summary below describes the Laying sheet.
The betting sheet is very similar.

This Lay Yankee spreadsheet calculates the stakes required to Lay each runner of your Yankee in sequence.
The only inputs required are the amount of your basic stake, which can be less than 2 and the odds of your selections.
A unit stake of 30p would be sufficient to start your Yankee with an initial Lay of 2.10.

As your Lay Yankee progresses, the spreadsheet shows

  • The stake required for each runner.

  • Your profit from successful Lays so far

  • The payout on any winners.

  • The combined profit or loss on losers or winners so far.

This spreadsheet can be used to Bet or Lay a Yankee.

Just 1 successfully Layed 50p Yankee could pay for your Yankee spreadsheet.

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.

Lay or Bet aYankee Excel spreadsheet price = 5.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below


Lay a Union Jack.

The Union Jack is another very popular combination bet, at least with bookmakers.
This comprises 9 selections in 8 trebles.

9 runners, are set out in a 3 by 3 grid.
A, B, C
D, E, F
G, H, I
The trebles covered are 3 horizontally, 3 vertically and 2 diagonally.

With 9 selections, there are a possible 84 treble combinations, but a Union Jack covers only 8 of them, leaving the punter with less than a 1 in 10 chance of hitting a winning treble combination.
As a layer we can take advantage of this by laying those 8 trebles from 9 selections, just as bookies do.
It is possible to hit 6 winners with no payout.
An example of 6 winners with no payout is shown in bold above.
There will be other combinations.

These are the combination bets for your 9 selections A, B, C, D, E, F, G, H, and I that comprise a Union Jack :- 
ABC, DEF, GHI, ADG, BEH, FCI, AEI, CEG.

Some selections appear in trebles more often than others.
For instance, the first runner A appears at the start of 3 trebles so carries 3 initial stakes, whilst E appears in 4 separate trebles.
If runners E loses, half of all the bets fail, so when you Lay a Union Jack, be sure to make runner E a banker Lay.

Lay Union Jack Excel spreadsheet 5.
You will need Excel 2000 or a later version to view this spreadsheet.

This Lay Union Jack spreadsheet calculates instantly the stakes required to Lay each runner in sequence.
The only inputs required are the amount of your basic stake, which can be less than 2 and the odds of your selections.
A unit stake of 70p would be sufficient to start your Union Jack with an initial Lay of 2.10.

As your Lay Union Jack progresses, the spreadsheet shows

  • The stake required for each runner A, to i

  • Your profit from successful Lays so far

  • The payout on any winners.

  • The combined profit or loss on losers or winners so far..

This spreadsheet can be used to Bet or Lay a Union Jack..

Just 1 successfully Layed 70p Union Jack could pay for your spreadsheet.

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.

Lay Union Jack Excel spreadsheet price = 5.
Payment is by PayPal, but you don't need a PayPal account to use the payment button below.

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