THE BETOMETER HELP GUIDE
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Overview
What makes The Betometer Special?
The Betometer is unlike any other betting program
for Betfair.
Most other Betfair betting programs are just ‘tools’ that require skill
and knowledge to operate them. If you have tried them you will know this is true.
The Betometer is far more than that.
The Betometer is a program that uses proven
methods to find and create ‘Value’ for your bets. If you have ‘Value’ then you WILL
make money.
The Betometer shows you what to bet and how to bet.
Your bets are not left to chance.
Unlike other programs, The Betometer gives you real
examples of how to use the ‘Value’ with one click of your mouse on the Betometer
price box.
Primarily The Betometer is for UK horse racing markets and finds the ‘Value’
by comparing the Betfair market with the traditional bookmaker odds.
This is in turn
compared with The Betometer forecast ratings which are a very accurate bench mark
used to judge the horse’s potential performance.
How and why it works
How it works is simple. The Betometer ratings are compiled using
expert analysis and are expressed as a forecast price. They are a fair and accurate
assessment of the ability of the horse.
If the Betfair live odds (the Betfair price)
for a horse is less than the Betometer forecast price, then clearly the horse is
being backed and supported.
The Betometer then also compares the Betfair price with
the bookmakers live odds.
Bookmakers are not fools and never give money away. So if
they fear a horse winning then they will offer a price (odds) that is less than the
horse’s true value and shorten the price accordingly so you wont win as much.
So,
if the Betfair price is less than the Betometer forecast price and the bookmaker’s
price is less than Betfair you will see that ‘money talks’ and the horse has a true
winning chance. The Betfair price is therefore better true ‘Value’ than the bookmaker.
The Betometer clearly shows you this by displaying the Betometer forecast price in
blue. Click this help page for more detail explanation.
Finding or creating ‘Value’ in your betting is crucial to making money.
‘Value’ means
getting the best odds on a wagering proposition; the highest possible edge. Or putting
it differently, ‘Value’ means that your return is greater than its winning chance.
There is no point in betting if you do not have the ‘edge’.
Value can be explained
using this example.
Normally a coin toss has a 50% - 50% chance of being either heads
or tails.
But imagine if you had 51% chance of ‘heads’ then you will always win long
term.
So your new 51% ‘heads’ represents ‘Value’
The Betometer finds value for other sports markets as well.
It does this mathematically
by altering the chances of one runner’s odds to be better or worse than another runner.
By doing this then you have created ‘value’ for your chosen runner. Examples of
this are given in the Dutching bets section.
The Betometer’s many functions also include
You can practice safely without risking any money by using the program’s Test Mode.
Includes a virtual bank so you can keep track of your practice profits.
You can make
back and lay Dutch bets with variable profit targets. Stakes can be proportioned
to suit your betting bank and their is no limit to the number of selections. No other
program is this flexible.
Make fast hedge bets (sometimes called offset tick trading)
with only one click of your mouse placing the bets for you.
Trigger betting made simple
so bets can be made according to your requirements. Ideal for more advanced betting
when and if you need it.
Clear and easy to read graphical information instantly to
hand along with horses’ form and market analysis.
Arbitrage betting function makes
a comparison of the bookmaker win and place prices with Betfair to see if there are
sufficient discrepancies for you to make one of several bet choices. In fact, these
are more like trades because unlike a bet where you stand to lose money if you are
wrong, with arbitrage function the worse that can happen is you just don’t win any
money.
And lots more...