The Goal

The aim of this blog is to keep track of my daily horse racing bets. I am starting with a bank of €310 in my Betfair 1 account and my initial stakes are €10 which implies i have a 31 point bank. The reason i am comfortable with this relatively small sized bank is the high strike rate of both my back and lay selections . I would preferrably like to have a 50 point bank so if the need arises i will deposit an extra €190 into my Betfair account. Hopefully i will not have too. If and when my account goes above 500, i will start to increase my stake to 1/50th of the bank. If I go broke i will take a break and go back to the drawing board!

I have broken down my selections into 3 types
Value Lays
Value Backs
High Strike rate Backs (HS Backs for short)

For Value lays i will state the highest price that the selection can be layed at. I must admit i miss out on a few of my lays as i place my bets in the morning and sometimes they do not get matched as i place too low a price lay thinking the early markets are too generous to the backers even though it is still within my lay limit. The best time to lay is 5 minutes before the off as its when the prices most resembles the SP. Only when my stakes are €50 will i be able to phone in my selections at that time, so a bit to go yet! (I dont have internet access at work)

Value Backs Selections does as it says on the tin. I will back horses who i think are better value than they should be and i will advise a back price limit not to go under. The idea of value backs is to go against the crowd and be compensated with better odds when the selections win. Every professional punter believes in this philosophy. I usually do not have many of these bets a month but it is very rewarding when they do win.

HS Backs are something i stumbled on and is a system which produces a high strike rate with decent returns. There will be a few odds on selections and a few dutching bets but im hoping the high strike rate will compensate for the lack in perceived value of the odds.


Also i must warn that i may not be able to post 7 days a week but i will keep you updated of my selections and returns and hopefully i will be able to post screen shots of my bets as proof.

Good luck and thanks for reading for now!