ARBITRAGE HELP
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At a glance Arbitrage Options
This is a percentage Return on Investment that you wish to enter.
Try and keep the figure at high as possible, say 4% or more, keep to this until you are familiar with the trades.
The reason for this is that if you do not get matched on any part of the trade you still have the leeway to either change your stake or odds and still make a profitable trade if the price moves against you.
If you are playing lower 2% to 3% ROI figures then you have less flexibility.
Equal Returns This is a NO risk LOW return bet, this is a bet where if the horse wins, places or loses you are guaranteed a return. The amount of return is very much dependant on the size of the discrepancy between the bookies, Betfair prices on offer and your commission rate. To achieve this bet you need a positive ROI; the bigger the ROI the higher the return. This bet involves laying the horse to win and place on Betfair and then backing it Each Way with the bookies. If The Betometer Arbitrage function has found a big enough discrepancy in the prices between the online exchange and the bookies you will win money regardless of the outcome. Although this is called an Equal Returns bet you will notice that the returns will vary dependant upon the outcome of the race. The reason for this is that if the horse places or loses then you will incur varying commission charges. The figures you see are the returns you get after all commission has been taken. WARNING: Make sure that your lay bets, especially on the place market can be matched first as the liquidity of these markets can occasionally be a little scarce. As a rule of thumb use extreme caution if you intend to place a The Betometer Arbitrage function bet within five minutes of the race time because if it does not get matched and the price moves against you, you may lose money.
Max Win Bet This is a NO risk MEDIUM return bet. This bet is for the selection that you believe will win but just in case it does not you will get a small return for a place and no return or loss if the selection neither wins nor places. This effectively is allowing you a free bet on a horse at no risk whatsoever to your betting bank. For this bet to take place you do need a positive ROI. This bet involves laying the horse to win and place on Betfair and backing the horse Each Way with the bookies, very similar to the Equal Returns bet but because the amounts you lay the win and place markets at are changed slightly this will give you a higher return if the selection wins but a much smaller return if it places and no return or loss if the selection loses. . The Betometer Arbitrage function works all the calculations out for you and tells you exactly how much to lay the place and win markets on Betfair. These calculations are worked out from how much you have set as your bookie Each Way bet amount and your commission rate.
Max Win And Place This is a NO risk LOW/MEDIUM return bet. This bet is for selections that you believe will either win or at least place. You only win if the horse wins or places but you do not lose anything if the horse loses. This effectively is allowing you a free bet on a horse to win or place at no risk whatsoever to your betting bank. For this bet to take place you do need a positive ROI. This bet involves laying the horse to win and place on Betfair and backing the horse Each Way with the bookies, very similar to the Equal Returns and Max Win Bet but because the amounts you lay the win and place markets at are changed slightly this will give you a return if the horse wins or places but no return or loss if the horse loses. The Betometer Arbitrage function works all the calculations out for you and tells you exactly how much to lay the place and win markets on Betfair. These calculations are worked out from how much you have set as your bookie Each Way bet amount and your commission rate.
Max Placed and Unplaced This is a NO risk LOW/MEDIUM return bet. This bet is for selections that you believe will either place or lose. You only win if the horse places or loses but you do not lose anything if the horse wins. This effectively is allowing you a free bet on a horse to place or lose at no risk whatsoever to your betting bank. For this bet to take place you do need a positive ROI. This bet involves laying the horse to win and place on Betfair and backing the horse Each Way with the bookies, very similar to the Max Win and Place Bet but because the amounts you lay the win and place markets at are changed slightly this will give you a return if the horse places or loses but no return or loss if the horse wins. The Betometer Arbitrage function works all the calculations out for you and tells you exactly how much to lay the place and win markets on Betfair. These calculations are worked out from how much you have set as your bookie Each Way bet amount and your commission rate.
Max Unplaced This is a NO risk MEDIUM return bet. This bet is for selections that you believe will lose. You only win if the horse loses but you do not lose anything if the horse wins or places and sometimes dependant on the ROI and your commission rate you may get a small return on the win. This effectively is allowing you a free bet on a horse to lose at no risk whatsoever to your betting bank. For this bet to take place you do need a positive ROI. This bet involves laying the horse to win and place on Betfair and backing the horse Each Way with the bookies, very similar to the Max Win but because the amounts you lay the win and place markets at are changed slightly this will give you a return if the horse losses but no return or a little return if the horse wins or places. The Betometer Arbitrage function works all the calculations out for you and tells you exactly how much to lay the place and win markets on Betfair. These calculations are worked out from how much you have set as your bookie Each Way bet amount and your commission rate.
Lay Win Only This bet is the only one which involves a risk to your betting bank, dependant on the prices and your selection you run a risk of losing money if the horse does not at least place so you need to be very careful with your selection. This bet involves laying the horse to win on Betfair and backing it Each Way with the bookies. Ideally you are looking for a selection where the Betfair probability of it not placing is low.
Input Your Own Odds and Stakes. This bet can be for you to fine tune what you want from a bet. Let’s say you have an Equal Returns bet but you are quite confident that it will either win or place but you want some return in case you are wrong. You can alter the amount you place on the lay place market. By reducing this figure you will get more for the win or place but less if it is unplaced. Effectively you are placing a bet somewhere between an Equal Returns bet and a Max Win And Place. This is just one example of what you can do but basically it allows you change the values to better suit what you think the selection will do and thus bias your return to that particular outcome.
THE BETOMETER ARBITRAGE FUNCTION OPTIONS WINDOW