Profiting From Favourites

Transcription

1 Profiting From Favourites By Michelle Khang You MAY NOT give this ebook away or distribute it in any way. You MAY NOT add this ebook as a bonus or add on to another product. All rights reserved. Nothing may be reproduced from this work or stored in any form of information retrieval system without the express written permission of the publisher. This book may not be resold, copied, given away, reproduced and does not come with any resell or reproduction rights whatsoever. Any such illegal action will be met with the appropriate legal act. The author and publishers issue this book on the understanding that whilst every effort has been made to ensure the accuracy of all the information presented in this series, they will not accept any responsibility for any loss (or profit), direct or otherwise, as a consequence of using any of the information presented. The opinions given are those of the author who is acting in good faith according to the extensive research undertaken by him and who confirms that he himself uses the principles described. Users are urged to seek legal advice before entering into any contract or business.

2 As you may already know there are many people who make a full time income from Horse Racing around the world. I am one of the lucky few who have managed to do this from my home. First, some basics; You ll need a Betfair account to do this as you need to watch the price movement of the favourites of each race. If you don t have a Betfair account already, go to to register for one. To claim 20 free from Betfair, simply enter this promotional code 3NU36CDMJ Your account will be credited with the free 20 after you have placed bets of 20. I started my horse betting journey betting blindly on favourites about 2 years back. While I did make a lot of money very quickly it was rather stressful and very risky for my betting bank. You see, I used the progressive staking system and would bet to win a profit for every race and also recoup all my previous losses. Sometimes I would get a winner within one or two races making it very lucrative to bet using progressive stakes. Then there were days when I had losing streaks of 8 9 races and these accumulated losses took its toll on my confidence and also my betting bank. There was a day when I had a losing streak of 19 favourites can your betting bank go that far? I had a pretty big betting bank of $7000 so I could go a very long way without a win but not many people can and you shouldn t have to. Even though I made a lot of money that way I found that there is a better way of selecting which favourites to bet on and which NOT to bet on. I will go on to explain how to identify the perfect favourite to bet on.

3 What is a Favourite? You ll see that there are different prices/odds for every horse any given horse race in the world. Let me give you an example You can see from the picture above that Choose To Dream is the horse with the lowest odds. This is considered the favourite. All you need to do is look for these favourites. If there are two horses with odds that are very close to each other, they are considered co favourites. To use this system successfully, you be checking to price graphs of the 3 top favourites. This means that you will check the price graphs of the 3 horses in all races with the lowest odds.

4 You ll need to click on the little graph icon next to the names of the horses. This is what the price graph looks like. What we will be looking for is a significant drop in odds/price in the last 10 minutes before the race starts. This drop is normally around 10% of the price. For example if a favourite was trading at 4.10 ten minutes before the start of the race and then drops to around 3.50 right before the start of the race. This would make it a qualifier for this system. The price drops in such favourites, be it 1 st fav or 2 nd or 3 rd fav indicates that there is smart money pouring on to back this horse for a win. The perfect graph for such a horse looks like this.

5 Now all you need to do to make some steady profits from this type of horses to is have a good staking plan. Staking Plan You ll need to use a variation of progressive betting to make you a nice 1% ROI for each horse that wins and to recoup the losses when some of them lose. And some of them do lose! You strike rate will be around 35% which is good enough to make you a nice monthly income. The only problem with this system is that you may not find that many bets in a day. Many of you may have heard of progressive staking and may have already some experience using it. It is quite dangerous to use it blindly as sometimes the stakes can get really large and you could wipe out your betting bank VERY quickly, even in as little a 5 races if you are not careful. I have loads of experience doing this, so believe me when I tell you that you really need to follow the instructions to the letter. I have seen 19 losses in a row before when I was betting on favourites and we will never know when that may happen again. You do not want to be caught in ONE such losing streak, because it only takes one to wipe you out completely. Now that I have made it absolutely clear, here we go

6 You will target to win 1% of your betting bank for each cycle that you complete. You will try to complete the cycle within 5 races. If you fail to complete the cycle within 5 races, you will take all you lost bets and divide it by 4 to be added to the target (1%) to be won back over the next 4 cycles. It is really that simple; if you can follow these 3 rules you will never make a loss in any month. Here is an example of how apply the rules to a typical race day. I am going to walk you through what would have happened on 24th Feb had you backed the selections using progressive stakes. We'll assume that you have a betting bank of $1,000. At 1% target profit per cycle your target is $10 profit for each time you hit a winner within 5 races. This is your 1st cycle. Bet on Lindberg stake of $4(min stake) at odds LOSS Bet on Go Amwell stake of $4(min stake) at odds LOSS Bet on Richards stake of $7.83 at odds LOSS Bet on Wizby stake of $7.60 at odds LOSS Bet on Tikram stake of $14.53 at odds WON Your profit would have been $10 for this cycle and recovered all the losses from your first 4 bets. 2nd cycle Bet on Charlie Bear stake of $4(min stake) at odds LOSS Bet on Lough Berg stake of $4(min stake) at odds WON Total profit for 2nd cycle is $16 as you have bet more than is required at you need to follow the min stakes. You have also recovered the loss from the race 1 bet on Charlie Bear. Total profit so far is $26

7 3rd Cycle Bet on Pavallion Bleu stake of $4 at odds 5.2. WON You've made a $16.80 profit from your 3rd cycle. Total profit now $ th Cycle Bet on Love On stake of $4 at odds LOSS Bet on Lou stake of $11.86 at odds WON You just made another $10 from cycle number 4 and your total profit is now $ th cycle Bet on Sahf stake of $4 at odds LOSS Bet on Snake stake of $4 at odds LOSS Bet on Rustarix stake of $7.50 at odds LOSS Bet on Prettilini stake of $7.29 at odds LOSS Bet on Don't Even stake of $8.41 at odds LOSS Total lost for this cycle is $ You'll now take $31.20 and divide it by 4 = $7.80, add this amount to your target profit for the next 4 cycles. Total profit is now down to $ th cycle for yesterday Bet on Call Me stake of $6.98 at odds WON Total profit for this cycle is $17.80, your profit for yesterday was $ You have to carry forward losses of $7.80 for the next 3 cycles. As you can see it is really easy to use this method to make real good profit with progressive stakes. When you start to bet the next day you will need to add $7.80 to the target profit of the next 3 cycles. Once that is cleared you would have still made your 1% per cycle as well as recouped your losses. Some of my members prefer to just take the profit and forget about the lost

8 bets as the have already made a profit for the day. So it is really up to you but you have the option to do both. You can test the progressive stakes calculator to simulate the example above. When one of my selections becomes odds on, you can bet a nominal sum or just skip it. Never try to win a large sum with an odds on selection. If it is the first race in the cycle then it is alright to bet your usual stake. his is all you need to know to make a consistent income from backing horses. If you d like a steady stream of daily winners (normally 3-6 winners a day), then take my special One Time Offer that you were forwarded to when you signed up to receive this system. /oto.html Backing my selections will produce a 3-6% daily ROI for you which in equates to roughly 100% ROI a month. Progressive Stakes Calculator To make your life easy so that you don t need to crack your head calculating stakes, just get my progressive stakes calculator at NOTE: Only get this calculator if you are not signing up at Back This Horse. It comes free with the Back This Horse subscription. If you have any questions, please visit my blog at and click on contact me to send me your questions. To your racing profits, Michelle Khang