A How-to Guide on How to Avoid Handicapping Your Own Trading Efforts

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Contents

A How-to Guide on How to Avoid Handicapping Your Own Trading Efforts

In trading, you can often become your own worst obstacle by usually the following three things:

1. Forcing trades and taking trades that aren’t there.
2. Trading too frequently and only semi-decent set-ups that don’t fulfill the criteria of factors you have set for yourself.
3. Investing too much money on any given trade.
4. Letting your emotions run amok due to the poor trading results that are derived from points 1-3.

Beginning traders often have all four going against them and this is why the results are almost always so uniformly terrible among this trading contingent. It’s like feeding yourself to the wolves. And all of this is certainly preventable if you maintain the discipline in order to avoid these errors and mistakes. If you can manage to do so, you will immediately put yourself in a very high percentile among all traders.

As we all know by this point, the fatality rate in trading is extremely high and it’s mostly because it’s so difficult to obtain the discipline required to follow a trading plan (your strategy and rules about entering a trade (and exiting in some forms of trading, like forex), your money management, when you trade, what timeframe(s), and so forth). Trading can be a very counterintuitive endeavor for the brain because we tend to become so emotionally involved in scenarios where the future in unknown. Obviously, it’s important to avoid this type of mindset, otherwise having long-term trading success is basically untenable.

The brain also has a difficult time with probabilities – which are basically what the trading game is all about, as nothing is ever a bonafide certainty. Even a weather forecast that asserts that there is a 30% chance of rain can become very misconstrued. Some people think that this means that it will rain for 30% of the time during the day, or if you step out into the outdoors ten times that day, it will probably be raining on three occasions. No, it simply means that there is a 30% chance that it will rain on that particular calendar day, or whatever the specified time period happens to be. But again, the human brain has a difficult time with the probabilities – that are also very inherent to trading – and much prefers to ascertain some type of concrete interpretation of things, even if it means missing the boat entirely.

Below is a list of ways on how to essentially avoid becoming your worst enemy when it comes to your trading. There’s the old sports analogy that says that winning is a habit, but so is losing. Following these rules as a matter of habit will easily put yourself in a tier clearly above that of the average trader, who unfortunately gets nothing out of his trading career.

1.Manage your risk

Focus on becoming a good trader rather than how much money you’re making. I never found it productive to constantly monitor my account balance. I just simply don’t even look at it. Focusing on becoming a good trader is what leads to eventual profits on a pretty consistent basis.

2. Dampen your expectations

Many people dream that trading will be the one thing that allows them to quit their 9-5 day job and get them on the right track to living a comfortable lifestyle for themselves. But the truth of the matter is that for most, trading will only be a part-time occupation. And even for those traders who do make trading their livelihood, it is often part of a company whose funds you trade with, while making a pretty standard working salary.

The ideation of tooling around in expensive sports cars, living in a gated community on the ocean in a warm-weather location, or whatever the perfect lifestyle might entail from trading your own money is fine to dream about. But things need to be kept in a realistic perspective. Because trading is a really tough profession to excel at. Make sure that you enjoy trading first of all and think of it almost like a hobby of sorts, and as a means of supplementing your income.

The truth is that with trading, whether you make money depends fully on the quality of your trading results. If things don’t go in your favor, which will happen, it often leads to drastic measures to rectify matters, which in turn leads to even worse results. It can be a scary way to live, not guaranteed a cent, unlike a standard job. Trading should initially be viewed as a way to hopefully supplement your regular salary if you are successful in some form, not to replace your job altogether.

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3. Stick to your strategy and trade what comes to you

Plan trades out ahead of time. If you receive the proper signals to enter a trade, take it. If not, stay out. Always specify a price ahead of time that you’d like to get in at. This helps in holding yourself accountable and avoiding the psychological issues of taking subpar set-ups or not being able to pull the trigger, which is another common issue.

4. Don’t use the “close early” feature that some platforms feature

Some brokers allow you to close a trade early. This is put in place as an option for traders at some brokers for the reason that if a trade looks like it’s going against you, or you’re winning a trade and would prefer to earn some profit, lest it come back against you and you get nothing. But you need to trust the set-ups that you take and stick by them if you’re trading with a solid strategy/system as you should be. More often than not, you will actually lose money. Even if a trade looks really against you, this early close-out feature will often be offering you just pennies anyway. Even if you’re at break-even so far, the feature won’t even return your initial investment. It’s slanted in favor of the house, to use gambling terms.

Plus, you really don’t know what the market will do. If you have a particular strategy or way of thinking about the markets that is net profitable overall – like the one I write about and demonstrate in my blog – then you do have an advantage over the market. It’s best to let trades transpire as you initially intended or else you are simply undermining your ability to win trades and make a profit.

5. Stick with a timeframe relevant to your trading

For binary options that provide 5-20 minute expiries, sticking with a five-minute chart is best. Every so often you may wish to look at what’s going on at a smaller time compression, but more or less, for expiry times in this range, you want to stick with a five-minute chart. If you trade one-hour expiries, a fifteen-minute chart might be best, for example.

6. The necessity of trading real money in some form

I do believe in demo accounts when starting out and to test trading strategies, but I do firmly believe that at some point investing real money is essential. As always, I recommend never investing more than 1% of the total amount you can afford to lose to your trading endeavors for the sake of avoiding huge ebbs and flows in the account balance and the resultant emotions that stem from them. And these are bad in both cases – greed and euphoria in cases of positive trading results and frustration and a desire to make back this lost profit when things aren’t going well. Emotions will rip apart a trading account like nothing else.

So while demo accounts do certainly have their place, you don’t experience the emotions that can come with trading real money. In a demo account, if you’re attempting to simulate a trading scenario involving real money and you incur poor trading results, you tend to have a carefree attitude and can be almost apathetic given there’s no money of your own at stake. I believe with demo accounts, you don’t truly simulate a live trading experience in this way and may not have the type of focus and standards toward your trading as you might when real money is at stake.

So my suggestion for all traders when starting out and believe they have a solid working strategy in place – which ideally will have been confirmed through some testing on a demo account first – is to trade small. I mean real small – $1 trades, $5 trades, whatever the size might be according to what you can afford to lose. For those who can realistically lose $500 to trading without truly affecting their financial situation, $5 trades are what I would recommend. Many brokers do allow you to invest amounts this small these days.

Often the biggest element mitigating what you can become as a trader is yourself. But as explained, there are ways around this reality. The key really boils down to having a solid trading strategy in place and keeping your money management formed around small investment sizes. This works greatly to reduce trading emotions and help you become the trader that you hope to become.

Dutching Betting – Awesome Technique To Win More & Reduce Risk

Estimated Reading Time: 35 minutes

This Dutching Betting special guide comprises (Detail Contents Menu Will Appear when click “Sidebar” icon at the top for Mobile & in the right column when scroll down for PC);

  • Dutching Betting Preface
  • What is Dutching Meaning & Does it Really Work?
  • Pros & Cons
  • Process Guide & Risk Management
  • Dutching Matched Betting

The “Show” box underneath can show you Full Contents for your more convenience.

Dutching Betting Preface

Advantage Play

This document focuses on the specific tactics related to Dutching Betting. This method can also be used as

With that said, one of our policies is “Betting On Luck Is For Losers, Stop Gamble Betting But Bet on Only +EV To Win Reliably“. It is effectively our way to promote Responsible Gambling under the regulation, and we strongly support GamCare & GamStop being explained in about us.

We Global Extra Money (GEM) would like our readers to exploit such reliable money making opportunities as many as possible. And sharing the method of Dutching Betting is part of our efforts to achieve that vision. Besides, we would like all visitors from anywhere in the world to enjoy our methods. With that vision, we have issued :

In Short, except 8 Countries (Cyprus, Poland, North Korea, United Arab Emirates, Singapore, Brunei, Cambodia) where on-line gamble is legally prohibited, all of you can make profit from matched betting, see the above report for full details.

Dutching Betting Naming Origin

The word “Dutching Betting” comes from real gangster Dutch Schultz. It always remind me of the Billy Bathgate (above image). So allow me to share a bit about how the name came before getting down to the Dutching Betting technique. Although it’s an interesting story, for those who already knew the background of Dutching naming, just skip it.

Billy Bathgate is a 1991 gangster movie. Although Billy is a fictional character, most of the other characters in the film represent real people from 1930s New York including Dutch Schultz played by Dustin Hoffman. Dutch Schultz was a powerful New York City-area Jewish American mobster (left photo). He made his fortune in organized crime activities such as bootlegging alcohol. With the end of Prohibition Era, Dutch needed to find new sources of income. Then a valued insight was brought by Otto “Abbadabba” Berman a middle-aged accountant & math whiz (played by Steven Hill in the movie). The answer was the Harlem numbers racket. Berman could mentally calculate and advised Schultz to bet at the track at the last minute in order to manipulate the odds and control what numbers came up. This strategy ensured that Schultz always controlled winning numbers. It guaranteed larger number of losers in Harlem and a multimillion-dollar-a-month tax-free income for Schultz. While spending so much time at the track, Dutch Schultz also came up with a way of betting on horses that he liked in a race so that no matter which one of them won, he’d get the same payout. This is known as Dutch Win System or simply Dutching (named after him). Looks obvious that Schultz developed this system with the help of the math genius Otto. Dutching Betting is nothing illegal but completely legitimate system which better ensures your profit.

In 1930′ Dutch needed Otto Berman who has ability to figure complex mathematical equations and algebraic expressions in a matter of seconds. But, nowadays, you don’t need him thanks to many softwares such as free oddschecker one that can make far better work than the genius. It’s your turn to create solid extra money if you have not explored it yet.

2. What is Dutching Meaning & Does it Really Work?

According to wiki, the definition of Dutching Betting is;

Is that clear? What Dutch Schultz actually did was backing multiple horses to win in the same race. In order to do it, Schultz calculated the correct stake to place on each selection so that the return is the same regardless of whichever one wins. The concept of Dutching is the process of placing more than one bet in a market to create a predefined profit.

This is exactly what bookmakers do when they set odds. They build in predetermined margin called Over-round (or vigorish or juice, all are the same representing profit margin) in their odds to ensure the profit no matter the final outcome of the event will be. For further details of this topic, pls access to Beat Bookmakers Nicely By Knowing How They Make Money;

“The house always wins” is the proverb in the gambling industry. Casino has a fixed margin called house edge and bookmaker has over-round, therefore they don’t lose. But, Dutching allows us punters to create exactly the same system against bookmakers, thus, in theory, it works and we will surely win.

When will Dutching be possible?

Dutching can be done profitably when we locate Under-round (the opposite of the Over-round). Let’s use the simplest example having only 2 outcomes like Tennis match, assuming William Hill & Paddy Power shows the below US Open Tennis Tournament Andy Murray vs Novak Djokovic match;

    Andy Murray wins – odds of 2.1 at William Hill (WH) Novak Djokovic wins – odds of 1.8 at Paddy Power (PP)

Check If Over / Under Round

We use the formula of

1/(decimal odds at WH) x 100 + 1/(decimal odds at PP) x 100

to check the over or under round by adding the probability of occurrence of each outcome. 1/2.1 x 100 + 1/1.8 x 100 = 47.6% + 55.5% = 103.1%, it’s 3.1% over-round. It means if we bet on both to cover all outcomes, we will lose 3.1%. This is a usual situation, we can use free calculator such as Trickybet that shows this calculation as below (I enter £100 as a stake to bet on William Hill with the above odds to examine possible profit scenarios);

However, if Bet365 offers odds of 1.95 on the Novak Djokovic wins outcome.

    Andy Murray wins – odds of 2.1 at William Hill (WH) Novak Djokovic wins – odds of 1.95 at Bet365 (365)

So, if we bet £100 on Andy Murray wins at William Hill & £107.69 on Novak Djokovic wins at Bet365, we will gain guaranteed £2.31 profit.

Yes, It’s Arbitrage Concept

Does that sound familiar? Yes, the underlying concept is the same as Sports Arbitrage. For those who are not familiar with the Arbitrage Betting, read;

Dutching vs Arbing

Although the basic concept is the same, the real application can be largely different. The above example is a simple 2 outcomes case. I used it for easy explanation of the mathematical logic behind, and up to 3 outcomes like football (Home wins / Draw / away wins), it works exactly the same.

The real difference happens when we expand into covering more outcomes such as Horse or Dog racing, where Dutching originally came from and being used. Dutching Betting is actually the technique to increase the Winning Chance by sharing the risk of losing across a number or runners as wiki explains. We back more than one selection in a race or event. It is not necessary 100% risk free and can be applied to any races that don’t even create Under-round circumstances. Therefore, we can say Dutching can be positioned between normal bet & arbitrage. Because we can back only the ones you think you need which increases the return relative to arbitrage. However, it becomes Not Risk-Free by creating the chance of loosing all stake as normal bet. Watch the video below which explains the entire concept clearly;

In summary, when you place a dutch bet you spread your profit across the selections you want to win and the liability that created this profit is spread among the remainder. What you have to do is strike the balance between your winning dutch selections and the possibility of the loss coming in.

3. Dutching Betting Pros & Cons

With that said, the objective of Dutching Betting is to eliminate the unlikely events and divide the secured profit among all the favourite selections. This strategy allows for a great reduction of risk. Because it counts on the notion of “the most likely to happen”. Just imagine, when you really fancy horse “A” but are worried about horse “B”. Or when you feel confident to cover certain probability rate say 70% and you are reluctant to cover all. Means you back all the horses with low odds to win, leaving only the apparent underdogs out. This allows for a guaranteed profit in case the underdogs don’t win. As said Dutching Betting is popular technique in horse & dog racing though it can be applied to various sporting events like Tennis or Football games especially when you do matched betting, which we will elaborate on later.

Dutching Advantages

Advantages Over Normal Bet

One of the biggest advantages of Dutching Betting compared with normal betting is that it creates new opportunities to make a profit. As briefly described before, in the past you may have narrowed a big race down to two horses but found it too hard to pick between them, therefore left the race along. Alternatively you may have predicted a football match would be very low scoring but not been sure whether to back 0-0 or 1-0. With Dutching Betting, you can make these situations pay while you can reduce risk of loosing. In fact, the scores, 0-0, 1-1, 1-0, 2-0, 2-1, 0-1, 0-2, 1-2 account for around 67 % of the average scores in a football match. With this in mind, pick a competitive match and dutch all these scores with your profit target. If the match ends in any of those scores you will have won. The fewer selections you choose to Dutching Betting, the less losers you will back and the more profit you make. By Dutching fewer selections though you are increasing your risk. It works well if you either have information or a very strong feeling that certain outcomes are extremely unlikely. If those unlikely outcomes are huge odds then Dutching Betting isn’t going to be worthwhile. However if you feel strongly that some well fancied outcomes are unlikely then Dutching the remaining likely selections can really pay dividends.

Advantages Over Arbitrage

By comparing with the arbing that needs multiple bookmakers on a very select few events to cover all the outcomes, Dutching can be done in single bookmaker or single exchange. Besides, the return will be obviously bigger when you do not need to cover all outcomes. Finally, you may be less likely to be gubbed when you place Dutching. Because it’s not considered to be sure bet but you are actually risking your bets. However, it’s no guaranteed thus spread the betting among a few to several bookmakers is always better idea than placing all the bets in 1 bookmaker.

Dutching Betting Disadvantages

Disadvantages Over Normal Bet

When comparing with normal betting, spreading your stake among more than 1 runner will make your return lower if one wins, due to the loss on the other runner. Meaning there can only be one winner, you are guaranteed to back losing participants. These losses will obviously deplete the amount won from backing the winner and if there is a dead heat then your odds will be reduced.

Disadvantages Over Arbitrage

The obvious drawback compared with Arbitrage appears when all the selected horses lose. The entire stake will be lost and it can take a series of at least two dutch system wins or more to recover it. For this reason, it is important for the bettor to become adept at selecting races and horses to the dutching betting.

Characteristic of such races are;

    co-favourites, or at least no dominant entry, as well as small fields that reduce the risk of a long shot pulling through.

Bottomline

The strategy of not covering all outcomes can pay dividends when gamblers successfully reduce the potential winners of an event to a select few from the field. Or when information about runners not expected to perform well does not reach the market (so as to affect the odds) makes backing the rest of the field profitable.

4. Dutching Process Guide & Risk Management

Dutching Betting Process

Simple process for absolute newbies to do Dutching Betting can be described as follows;

  • Open up Appropriate Bookmakers Account
  • Open up On-Line Wallet Account
  • Set your Betting Goal
  • Start Betting

Let me briefly explain key points for each stage.

I. Open up Appropriate Bookmakers Account

In short, you need to open multiple numbers of bookmakers’ account (at least 4-5) to effectively execute Dutching Betting, same as Sports Arbitrage. And as briefly said Dutching Betting can be viewed as Sharp Punter’s activities by some bookies that target recreational punters, you have a risk of being gubbed (meaning they may restrict your account).

Thus ideally, you choose the bookies who accept Professional / Sharp punters / Price Traders (Arbitrageur). Check the below special reports that list important bookies for your consideration;

Suppose you contemplate dutching betting in football (soccer), Asian Handicap produces a lot of good dutching betting opportunities. Because it has wide variety of spreads on the same market, then you may consider the below particular bookies as your top priorities,

    Founded in 2004 Said to be the punter’s dream same as Pinnacles mainly because high stake limit with very competitive odds especially for Asian Handicapping and allows arbitrage (bet one side only per match) Lack of offers, so not for matched betting.
    Since ‘96, run by one of the sharpest bookmakers the industry has ever known Welcome large players, low juice up to 102 Many bookmaker review sites rank 5Dimes within top 3 constantly Probably the most extensive sports market coverage & wager type offered in the industry – you will find any sports event market all over the world Beware their restriction policy on price trader seems to be tighter lately

BTW, some of the punters may not be able to open an account in these bookies just because country restriction. Then, as introduced at the beginning, suggest take a look at How To Make Money From Offshore Sports Betting With 3 Advantage Plays. You will find the specific methods that enable people from almost all countries to exploit the lucrative offshore advantage gambling opportunities you have overlooked. We have covered the solutions to access to these bookies as well.

II. Open up On-Line Wallet Account

Dutching betting requires the banking facility to manage quick & frequent money transfer among the bookies. Therefore it’s essential to do deposit & withdrawal economically. Credit card / bank transfer etc. are relatively time consuming & costry method, thus not appropriate for dutching. You need to use the below 2 E-Wallet that are the most reputable & widely accepted by any bookmakers, in fact no other better choices are considered. In 2020, the parent company of Neteller bought Skrill, so it is now effectively one company. It is possible to fund your Neteller account via Skrill and vice versa using the Money-In or Upload Section of the respective accounts.

The main advantage over Skrill is that major fees like depositing and withdrawal fees, especially for non-VIPs, are much lower with the exception of the currency exchange fees. Therefore, if you don’t expect massive volume to be VIP, Skrill may be the better choice.

For those planning to use their eWallet heavily and are interested in earning decent cashback every month, Neteller looks better choice, you may earn a monthly extra cashback of up to 1.1% on all qualifying transfers.

Note: When you first register & claim your welcome bonus, many bookies require credit/debit card deposit to be eligible for the bonus. Therefore, ensure you don’t use e-wallet for applying bonus. After that, usually no problems, but for those who do matched betting, suggest carefully read the T&C for each promotional offer to check if e-wallet funding can be acceptable to avoid any unpleasant surprise down the road.

III. Set your Betting Goal

As usual, it’s critically important to Decide Where You Want to Go – Set Financial Goal first before you start spending your hard-earned money. You should clearly identify what you expect from dutching activities in a numerical manner. There is no norm of return from dutching betting since it depends on many variables. However, given the standard of Sports Arbitrage where experienced arbitrageur achieve 10% – 15% ROI (return on investment) every month, it’s not unusual dutching will create 20% – 40% considering the risk you may take. But it’s based on the assumption you will hardly loose – remember 1 lost in dutching could wipe out your several dutching wins. So if you can initially allocate $1,000 bankroll, then you may earn $200 – $400 every month. Once you are familiar with the system, you may increase the bankroll using the winning stakes. You may set the maximum bankroll such as $5,000 which will bring you $1,000 – $2,000 extra income every month.

IV. Start Betting

Now, you check the sporting events (horse / dog racing or football etc) which you’re familiar with / interested in betting. Then, you need to decide how much you are going to win on the particular sporting event you select. This is one of the odd things about dutching. You actually decide your profit before you start, not your stake on each horse or dog etc. (although you need to fix the total stake for the event). Click to access to the Dutch Calculator the above video mentioned (it’s Free); The calculator tells you how much to stake on each selection to ensure an equal profit no matter which one wins. Simply enter the price for each of your fancied selections until you optimize your return & risk. Once you get the stake amount of each selection quickly go to your bookmakers’ account and bet before the odds change.

However, you have to be cautious about possible risks as below.

Risk Management

You can process manually as explained above. However don’t forget Dutching is Not a Fool Proof (especially when you involve multiple bookmakers) there are so many pitfalls. You need to be very cautious about operational mistakes as the case of Sports Arbitrage

(again suggest you read Sports Arbitrage Sure Money Making Full Guide For Dummies Special Report by GEM where I clearly identified all pitfalls & precautionary measures),

a few of them are;

Placing Bets

    Odds change. The more bookies involved, the more chance that one or more odds will be cut while you’re placing your bets. Bookies often slash their odds so that your profitable bet may become a loss-maker. So very quick execution is required. Refused bet. Bookies may refuse your bet with various reasons. The typical case is stake limit on the event you bet. The best practice to avoid such mess is to ensure you always place the first bet with the bookie that has lower limit, and then dutch that off with the other bookie that has higher limit stake amount. In any case,it’s better to have a back-up option, so you can quickly adjust for a minimal loss. This might be using another book with the same or slightly worse odds or an exchange where you can lay the bet.

Your Bookmaker Account Restriction a.k.a. Gubbing

As kept saying, many bookies may restrict your account to the level you no longer make meaningful money if you continuously win via Dutching Betting. Actually, it’s just a matter of time before most of the soft bookies limit your account if you do dutching without any precautionary actions. So, we have prepared the following 2 guides – One is Before Restriction, The Other One is After Restriction;

We believe the above 2 guides will help you keep exploiting unfair bookies, means will enable you to make money on the side reliably for long-term.

4. Dutching Matched Betting

You can use Dutching as a substitution of matched betting that uses back at bookmaker and lay in exchange to extract free bet. Same as sports arbitrage, you place a back bet with one bookmaker, and an opposing back bet with another bookmaker with No Risk. Remember the first Tennis example I used to explain the underlying concept. If the outcomes are limited numbers such as 2 (football total score Over & Under 2.5 goals etc) or 3 (football match result 1 x 2, eg. home win, draw, away win etc) rather than so many choices in horse racing, you can cover 100% by only backing every outcomes easily. BTW, just in case, you’re not familiar with Matched Betting, see Matched Betting Guide;

There are 3 typical occasions you can use Dutching Betting as a substitute for matched betting, which are;

1. Tennis Matched Betting – Retirement Rule

When you can’t find close odds between bookmakers & exchanges but if you can find proper odds among bookmakers, Dutching can be applied exactly as demonstrated in the Tennis match. Remember, both matched betting & arbitrage betting requires exactly the same rule between the concerned bookmakers & exchanges. However, when it comes to Tennis Retirement rule, each bookmaker/exchange uses own and different rules regarding how bets are settled when the retirement happens. Means, you should not use matched betting but need to use Dutching method when you use 2 bookmakers with different tennis retirement rule.

This is critically important. What could be the consequence If you use the bookie whose retirement rule is different from the exchange?

Terrible Consequence – Actual Example

What actually happened to Tomas Berdych vs Novak Djokovic match as Quarter Final in Wimbledon 2020 is probably a nightmare for many matched bettors. Novak Djokovic suffered an elbow injury and retired during the 2nd set. There were many bookies’ offers in Wimbledon such as 10Bet “Refund Up To £20 if your player loses in 5 set”. Since Tomas is an underdog, not small number of matched bettors may have backed Tomas at 10Bet & layed Tomas at exchange rather than doing Dutching Betting. As seen from the below list, 10Bet apply the rule of “Valid only after full match is completed”. But exchanges are using the rule “Valid if 1st set is completed”. The odds between Tomas Berdych vs Novak Djokovic was around 5:1.2. If you bet £20 as the maximum refund stake at 10Bet, you lost around £80 at exchange while your back bet at 10Bet was voided so nothing came in. People incurred the loss of £80.

Broadly speaking, Bookies & Exchanges can be put into 2 different groups with regards to the tennis rules. Remember, these rules apply only to betting on the winner of the match, and not to other markets.

A. Bets are valid if at least 1 set is completed

All of the exchanges (Betfair / Smarkets / Matchbook / Betdaq) fall into this category, so as long as you back at the below bookies, you can safely lay at any exchange without any problems, the bookies in this group are;
21Bet / 32red / 7 Best Bets / 888sport / Bet 600 / Betfred / Betsafe / Betsson / BlackType / Bookee / Bruce Betting / bwin / Coral / Dabblebet / Dafabet / Genting / Grosvenor / Ladbrokes / LeoVegas / Marathonbet / Mintbet / Mr Green / My Club Betting / Paddy Power / Pinnacle / QuinnBet / Skybet / Sportingbet / Toals / Tommy French / Totesport / Unibet

B. Bets are only valid if the full match is completed – 2 Sub Groups

Under this category, bets are only valid when the full match is completed. If a player retires early, all bets are void. There are no exchanges in this category. Therefore, you shouldn’t lay bets off against bookies in this category but dutch your bets among the bookies in this group.

There are 2 sub groups in this category of Sub Group 1 & 2. The difference is that in Sub Group 2, when a player is disqualified, all bets will be settled on the player progressing to the next round/deemed the winner.

Sub Group 1 – Bets are only valid if the full match is completed.

10bet / 12Bet / 138 (Surface Change Void) / 188Bet (Surface Change Void) / Bet-at-home / Betboro / Betbright / Betbull / Betclic / BetEast / BetMcLean / BetPack / BetVision / Boylesports / ComeOn / Energybet / Expekt / Fansbet / Fun88 / Geoff Banks / Guts / Jenningsbet / Jetbull / Karamba / Mansionbet / Mobilebet / Mr Win / Netbet / OLE777 / RedArmyBet / Redbet / Royal Panda / SportNation / SportPesa / StanJames / Superlenny / Titanbet / TLCBet / TonyBet / Vernons / William Hill / Winner / XTiP

Sub Group 2 – Bets are only valid if the full match is completed, however matches do not need to be complete if a player is disqualified.

Bet365 / BetStars / Betway / BetVictor / McBookie / Sun Bets

So, before you do matched betting to Tennis, always remember the below image of Djokovic’s misery;

2. Multiple Bookies Promotion

It’s not unusual that you receive several offers on the same sporting event like big football matches or tennis Grand Slam from different bookmakers. Then you may consider Dutching rather than laying at exchange because;

    You can efficiently apply several bookies offer at once, theoretically, the total betting numbers will become half because you don’t need any lay betting Needless to say, you can save commissions at the exchange Besides you can save the total outlay because you don’t need lay bet & your fund at exchange will not be constrained by the lay liability

Tennis Grand Slam Example

In 2020 Australian Open 1st day, I combined Betway Double Winnings (1st Set Loses But Win Match) and Bet365 2Sets Win Early Payout via Dutching. Because these bookies use the same retirement rule but that is different from the exchanges. What I did was constructing the dutching betting of the Men’s Q1 match as follows;

    Bet £11 on Salvatore Caruso at 1.9 odds in Bet365 Bet £10 on Malek Jaziri at 2.0 odds in Betway With this betting, if Caruso wins, receive £20.9 (£0.1 qualifying loss since total out lay is £11 + £10) while Jaziri wins, receive £20 (£1 qualifying loss). This qualifying loss is relatively bigger because my betting stake is quite small, and I also rounded up the stake amount to avoid any fractional stake that may invite the bookies’ unnecessary attention. As a result, the loss distribution became uneven, Betway’s win incurred bigger, theoretically it should be £0.5 each. Anyhow, I became eligible to get both bookies’ offers.

What happened was, Caruso won the 1st 2 sets, but finally he lost as below;

Click To Enlarge

Therefore, I received Bet365 early payment despite my failure to win;

Click To Enlarge

At the same time, I won Betway (my double winning part was credited into my account as a Free Bet);

Click To Enlarge

In fact, once the player (Caruso) wins 2 sets when we secure early payment at Bet365, we can start considering laying off the player lost 2 sets (Jaziri) to ensure profit at Betway even Jarizi finally loses. For further details, suggest take a look at Paddy Power 2 Up & Bet365 Early Payout Offer – How To Make Massive Profit So, my profit was;

Bet365 £11 + Betway £20 = £31 without single loss. In the big event like Grand Slam, you can find plenty of such opportunities. You can manually search the events though what I do is using Oddsmonkey Dutching Matcher. It always show abundance of the best events as;

Click To Enlarge

Thus, extremely effective and time saving. Please see our full review of Oddsmonkey if you’re interested.

Football Example

I demonstrated how you can use dutching betting smartly by using Bet365 In-Play Offer on Champions League Barcelona vs Man City example in the Bet365 Matched Betting Instruction – Full Tactics On Key Lucrative Offers

Although Bet365 changes the T&C of in-play offer, means the offer I used in the document no longer exists, the concept can perfectly apply. Therefore I’m sure you will find it useful.

3. Under-round Condition

You may occasionally locate the under-round condition among the bookmakers that offer promotion. Means, it will effectively create arbing opportunity by Dutching. If you can’t expect the same in exchange, why not doing Dutching? Avoid making any loss at the qualifying bet stage is a key success factor for matched betting. But, never ever grab palpable errors, being gubbed is very costly because you will lose long-term profit.

No Exchange Commission

From the perspective of avoiding qualifying loss, exchange commission is a big burden for matched bettors. Dutching betting without exchange involvement will save your cost, and that’s one of the big reasons to consider Dutching when you find under-round condition.

Postscript

In 007 “Diamonds Are Forever” film, Tiffany Case Bond Girl talked to James Bond describing Otto “Abbadabba” Berman an accountant for Dutch Schultz, as “There used to be a guy in the gangs called Abadaba. He was a crooked egg-head who knew all the answers. Worked out the track odds, fixed the percentage on the numbers racket, did all the brain work. They called him “The Wizard of Odds’. Got rubbed out quite by mistake in the Dutch Schultz killing. —” . Well, Ian Fleming also admires the talent of Otto. When it comes to Dutching, many critiques of the system say that it robs from the activity of gambling all its excitement and passion. Well, it may be true, but as long as your priority is making a solid extra money from betting, you should not be bothered by these opinions. Or I would say by Dutching Betting you are increasing your chances of winning, which result in more winning bets and therefore more frequent betting returns. This will help guard your betting bank against lean periods and should also give you a bit more enjoyment out of your betting. Anyhow, Otto is also known for coining the phrase “Nothing personal, it’s just business.” Well, I’m sure you can tell the phrase to bookmakers when you keep winning via Dutching Betting.

If you have any inquiry or need any help from us, please contact us anytime (don’t worry, we will not charge you any fee, everything is free here).

BTW, we GEM deal with 6 Advantage Play as follows;

Greyhound Betting Strategy – How To Lock-In Profit Professionally

Estimated Reading Time: 21 minutes

How Much Did You Lose in Dog Racing? You May Want To Consider Greyhound Betting Strategy Using Simple Matched Betting Method To Lock-In Profit!!

You Must Be Aware that Many Bookmakers Offer Greyhound Racing Free Bets. How Do You Use It? Just Bet As Usual? It’s Time For You To Think About the Different Way Of Greyhound Betting Strategy Which is really the Greyhound Betting System that WIN.

We, Global Extra Money (GEM) would like our readers to exploit those reliable money making opportunities as many as possible. Providing Greyhound Betting Strategy is part of our efforts to achieve that vision.

Greyhound Offer Examples

If you’re a dog racing fan, you must be familiar with the bookmakers’ offers like;

Betfred – Bet 3 Get 1 Free

Betsid – Sunday Bet 3 x £10 Get £10 Free Bet

Coral – £20 in Free Bets Sky Dogs

If you’re settling down for an evening of live greyhound racing from Towcester, you’re already flying out of the traps as we’re giving away four £5 free bets on tonight’s live action. Don’t miss out on this offer, the hare is running!

To qualify for four £5 free bets, simply:

Place a win single of £20+ (£20 win or £20 e/w) on tonight’s first live Sky race (19.01 Towcester). We’ll instantly credit your account with four £5 free bets to use on four specified races. Use a £5 free bet on each of the 19.16, the 19.31, the 19.48 and 20.04 from Towcester on Saturday evening. That’s a total of £20 in free bets… all you have to do is find those winners!

Greyhound Betting Strategy – How To Lock-In Profit

What would you normally do with such Coral Free Bets Offer? Just gamble £20 in the 1st race and keep gambling the each £5 free money into the subsequent 4 races? You may win but I have to say you will surely lose in the long-term due to the over-round (bookmaker’s built-in profit).

Simple Matched Betting For Greyhound Racing – Simple Greyhound System That Really Works!!

You don’t need any complicated greyhound racing mathematics, but simply, you shouldn’t gamble but use simple Matched Betting technique to lock-in profit from the offer. Just in case you’re not familiar with it, Matched Betting For Dummies – 9 Essential Things You Should Know Before Staking Any Real Money will be of your help. But just briefly, matched betting is

  • 2 transactions of Back (bet on win) at Coral & Lay (bet on NOT win) at Betting Exchange (Betfair for Greyhound Racing) so that you cover all outcomes.
  • Regardless of the outcome, your losing & winning will cancel out each other. In the real practice, usually, 2 bets are not perfectly offset due to the odds difference & exchange commission. Therefore you make a small loss called Qualifying Loss. However, you get Free Bets.
  • Now, you repeat the exact same process but using the free bet for the back bet at Coral. Then, this time free bet value (minus little loss) will become your net profit.
  • Success factor is how to minimize this qualifying loss during these process.

With this explanation, for the above specific Coral offer, you can place a win single of £20 on the 1st live Sky race (19.01 Towcester) while laying in Betfair. You will receive 4 x £5 free bets. Use a £5 free bet on each of the 19.16, the 19.31, the 19.48 and 20.04 races at Towcester to extract cash.

When it comes to the Betfred Bet 3 Get 1 Free Offer I presented first, basically the same process. You place 3 Qualifying bets then you will get £10 Free Bet (this free bet amount is the average of 3 qualifying bets amount and the maximum is £10). The good thing of Betfred offer is that you can use this free bet for any markets, not limited to Greyhound racing. It will make you much easier to extract profit – see the later “Greyhound Betting Strategy – Caution & Tactics” section for the detail reasons.

Betting Exchange

As you see in the above process, betting exchange is essential for matched betting. Therefore, it’s critical to adopt the right approach toward the betting exchanges from the beginning, which will affect your long-term profit. Suggest you take a look at Bet Exchange – How To Sign-Up & Lock-In Profit Wisely With Best Offers , where you find the Smart Tactics on How To Use Which Bet Exchange in Which Occasion with spoon-fed like instructions.

We recommend SMarkets as a Core Betting Exchange for matched betting. Not Betfair, Why? Also show how important Matchbook is. Please go to the above document that explains the full rationale & comprehensive strategies to make the best use of all 4 key betting exchanges.

Anyhow, for those who have not opened SMarkets exchange account, we prepared a step-by-step guide for your flawless start. You can effortlessly extract cash from its sign-up bonus of £10 Risk-Free Bet. Actually, this is one of the easiest offers to lock-in profit in the industry. Please click “+” mark to open the instruction;

Please follow the below process, which takes less than 10 minutes to complete;

Update & Confirm T&C (Terms & Conditions)

    Firstly, Go To SMarkets Welcome Offer Page and confirm the availability of £10 Risk Free Sign-Up Promotion (or if you’re lucky you may find a better offer they periodically run via that link)

    Read welcome bonus T&C. I know it’s a boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise;

Simple Sign-Up By Filling Information

    After confirming the availability of the offer & reading the T&C, click “SIGN UP” button;

    Fill-in the required information related to Account, Personal Information & Deposit;

A Few Key Points

    For the deposit method, Skrill & Neteller deposits are not eligible for the £10 bonus. Account Verification. You will receive the below e-mail to verify account. Suggest you do it as quickly as possible to prevent any future transaction delay;
    Click To Enlarge That’s it. You’re now ready to place lay bets to construct matched betting once you sign-up the bookmakers. If you are not familiar with how to start matched betting, see how to place qualifying bet.

How To Extract Cash From The Offer?

As said, SMarkets signup offer is probably the easiest one. Because you don’t have to do anything. SMarkets will refund your first £10 loss. Yes, even you win thousands of £ before you lose £10, SMarkets will refund your first £10 loss. So, just keep doing the matched betting, and whenever you lose £10 for the first time in SMarkets, you will be refunded, and as you’re aware it’s your profit.

Some Good News

    Very simple, isn’t it? SMarkets & all other bet exchanges I list in the betting exchange guide are fully licensed & regulated by UK gambling commission. And they all register in IBAS – Independent Betting Adjudication Service, thus you can let IBAS resolve when you face any problem with them. Remember, any income from the matched betting are Tax Free in the UK / Ireland even you are treated as a professional gambler, means you make living gambling with the gambling profits as your main income source – see further in Tax section in this report.

£2,500 Risk-Free Opportunities

BTW, Matched Betting is all about making the best use of bookmakers’ promotion, thus you need to open up bookies account as many as possible. All online bookies are in fierce competitive situation thus advertise tasty offers to attract your sign-up. However, Don’t sign-up directly, Click + To See Little Known Smart Method;

Many punters overlook huge Cashback Opportunities and open up bookmaker, casino & bingo account directly. Stop doing it, you can earn a lot of risk-free cash while receiving the gambling sites’ own sign-up offers & bonuses. We have separately prepared Betting Cashback Websites – The Ultimate Guide To Be Always Better Off , where you will find how to collect £2,500 cashback all together. So, from now on, Never Ever Sign-Up Any Gambling Accounts Directly Before Checking the Availability of Cashback Offer stated in the above document.

  • Very simple, isn’t it? SMarkets & all other bet exchanges I list in the betting exchange guide are fully licensed & regulated by UK gambling commission. And they all register in IBAS – Independent Betting Adjudication Service, thus you can let IBAS resolve when you face any problem with them.
  • Remember, any income from the matched betting are Tax Free in the UK / Ireland as long as it is not considered as your main source of income.

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Greyhound Betting Strategy – Instructions On A Few Different Type Of Offers

Firstly, Never Ever Forget To Check T&C Carefully

1 of the advantages of dog racing is massive number of the races you can bet as seen below;

Greyhound Betting Strategy Click To Enlarge

However, bookmakers don’t offer Free Bets on every races but only the selected races with specific requirement as below Paddy Power Offer;

Greyhound Betting Strategy Click To Enlarge

I know reading T&C is a borring thing, but to avoid unpleasant surprise later, suggest you never save your time by not doing so.

Greyhound Betting Tactics Regular Offer (Back A Winner) – Bet365 Sky 2/1 Offer

Bet365 claims; Back any single winner at 2/1 or more (up to £100) on a greyhound race televised live on Sky Sports and you can have a risk free bet to the same stake on the next live Sky Sports greyhound race. For further details, go T&C;

In order to lock-in profit, you can use Overlay Technique. You will find the step by step instruction in 3 Best Ways To Lock-In Profit on Bet365 OffersSpecial Report by GEM
where I use Bet365 Horse Racing 4/1 Offer that can apply to Greyhound Betting Strategy. You will also find other Bet365 Juicy Offers tactics. These will bring you over £2,000 Guaranteed Extra Money with basically Risk Free.

It’s a long document so suggest you bookmark it and get back to whenever you place bet on Bet365 Offers. This information is Member Only document. Thus just fill-in your name & email so that you get password instantly to access to it, very easy. Suggest you do access without fail because the contents are so valuable.

Greyhound Betting Tactics Regular Offer (Risk-Free) – 10Bet New Dogs New Tricks Offer

10Bet Claims: We’re offering you the chance to win your stake back as a Free Bet of up to £10 if your very first flutter on the dogs comes up short. You will find the further detail T&C in their Promotion Page;

Greyhound Betting Tactics Regular Offer (2nd to SP Favorite or Selected Trap) – Paddy Power / Bruce Betting / Mint Bet

As you see Paddy Power example before, there are a few regular Refund Offers of Finish 2nd to SP (Starting Price) Favorite or 2nd to the bookie’s Selected Trap.

Bruce Betting Claim: Money Back as a Free Bet if your selection finishes 2nd to our selected trap at our selected meeting;

Mint Bet Claim is exactly the same;

This 2nd place refund is very popular in horse racing and there is a way to lock-in profit. However, the above offers require additional condition of 2nd to SP or Selected Trap which make it impossible to guarantee the profit. Therefore, suggest you use the standard matched betting process and if you are lucky you get refund. You may want to see the practical process of placing a qualifying bet in Free Matched Bet Starting Guide (2) – How To Sign-Up & Place Qualifying Bet;

Greyhound Betting Tactics Regular Offer (BOG – Best Odds Guaranteed) – Major Bookmakers

So as the horse racing, major bookies are giving BOG – Best Odds Guaranteed. Although it’s rare to change the odds at the starting point given the unique character of Greyhound Betting as shown in the next section, yet it is a value proposition. So try to chose the bookmaker that claim BOG;

Greyhound Betting Strategy – Caution & Tactics

1 thing you need to be aware is that dog racing matched betting has never been an easy one. Let me quote what I explained in my past post. The post is How To Lock-In Profit on Back A Winner Offer by Overlay Betting – Coral & Betfair Case where I discussed specific instruction on How To Lock-In Profit from Horse Racing Back A Winner Offer. I cautioned Greyhound Matched Betting as below;

Coral also constantly run the similar offer for Greyhound Racing ;

Actually, the T&C is identical to the Horse Offer except the minimum odds. Greyhound requires minimum 2/1 (3.0) rather than 3/1 (4.0). So, does it sound easier?

It also line-up a lot of races every day. The below shows Sheffield on 25 April ’17 evening race schedule. There are total 16 races within 4 hours;

However, you will face a few issues.

Firstly, the below is the odds display at 9:20. The odds are still not shown even 4 minutes before the race start. Greyhound race is always like this, the earliest timing of appearing the odds is around 5-7 minutes before the race. Means you have very limited time to compare with Betfair Lay Odds (you need to lay at Betfair because SMarket doesn’t have Greyhound market).

When we look at Betfair Lay Odds, liquidity is usually very limited. I took this screenshot right after I took the above Coral odds, means around 4 minutes before the race starts.

This is even for Sky Televised Race;

Finally, the odds came out 3 minutes before as below;

Then, Betfair Odds moves so quickly,

It’s very difficult & stressful to calculate the proper lay stake when odds change in flash and generally speaking the best lay odds comes out only a minutes before the race starts. Therefore, importantly, there is a big risk that you are left with an un-laid bet.

So how to manage it? See the Wrap Up later.

I used Coral Greyhound odds situation as an extreme case of late odds.However, other key bookies such as Bet365 or Betfred are not as bad as Coral, and displays at least 3-6 races odds in advance (but remember, the good lay odds at Betfair usually comes out only a minute before the start);

Click The Image To Enlarge

Although the above image shows only 3 races, Betfred actually displayed 6 races odds in advance. So, despite the fact that the liquidity of Betfair are generally still limited, you have chances to locate the narrow odds well in advance. Just FYI.

Wrap Up

Firstly, given all the above issues, this is Not For Newbies. Unless you have a lot of matched betting experiences, suggest keep away from it.

If you’re interested in it, a few tips are;

  • Observe the several races without any bet, feel the pace & know what to be done when.
  • Check Betfair odds first and guess the Bookmaker’s odds. Ignore lay odds which are usually so poor, see “Back (For)” odds in blue colour. You may assume 10-30% lower odds for Bookmaker although depending on the race & dog. Don’t forget to check if the offer requires any minimum odds like minimum 3.0. If that’s the case it’s safe to target the dog with over 3.5 odds.
  • Based on your guessing back odds and available lay odds, just briefly calculate lay stakes for a few dogs to make yourself ready.
  • Once Bookmaker’s odds comes out, make a quick adjustment in lay stake, and Place Bet AT BOOKMAKER FIRST. Never ever ignore Basic Principle of matched betting. Don’t lay first, in case you fail to place back bet, the loss could be pretty big because usually lay burden is heavy. Finally, place lay bet.
  • Even you place a bet at bookmaker successfully, there is a chance you fail to lay means leaving uncovered at Betfair because the good lay odds comes out a minute before start. So, as a general principle, try to bet on Favorite so that even you fail to lay, there is a large chance to simply win.
  • Strongly suggest practice with small stake such as £1 to see if you can manage it comfortably.

Greyhound Betting Strategy Alternative Method

Betfair Greyhound Trading

In case you are a greyhound racing fan, and want to trade not only the offer race but every day, you may want to use the CaanBerry Proven System, which will give you Betfair Greyhound Strategy that works. Watch the below video;

You may also want to check other Caan Berry Products.

When it comes to the Greyhound Tips, you may want to check Tipstronic Free Tip;

Greyhound Betting Strategy – Conclusion

Having said, the dog racing is still a good opportunity to add up your extra income. Football is by far the most popular sports for matched bettors though your money will be normally stuck in bookies & exchanges for at least a few hours to several hours. On the other hand, greyhound race, same as horse racing, finish within a few minutes. Your winnings are usually credited to your account less than 10-30 minutes (depending on the bookie) after the each race. This gives you better cash flow, means you are able to make a quicker turnover of your bank, so more efficiently conquer matched betting opportunities.

Incidentally, the above issues are the reason why I titled this post as Greyhound Betting Strategy – How To Lock-In Profit Professionally. You need to develop the certain skill. Thus, allow me to reiterate, watch out for the liquidity & volatility, and make practice (image training or with penny) well before you feel comfortable to place real money.

Hope these information will help you expand sure bet options.

If you have any inquiry or need any help from us, please contact us anytime (don’t worry, we will not charge you any fee, everything is free here).

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