Horse racing tips – Win by backing the loser!

When people offer you horse racing tips, they are typically looking to recommend a back bet to you. Perhaps there is a customer offer on a qualifying bet that gives you a good chance of winning or it’s just a plain old tip?

Generally speaking, most people back to find a winner. For the bet to win, the horse has to cross that line first and be declared a winner. That makes sense.

But we will flip things on their head and give you a way to win if you back the loser!

Is it possible to profit from backing a loser in a race? Well, there is a way of achieving this using Bet Angel.

Backing the loser

Firstly, I’m on Bet Angel’s Dutching screen, and I have placed a trade on this Brighton race. To place this trade, I have set my staking method ‘back with a stake’ to £100, my margin to 10%, and I am using the margin maker (see below).

I have now put my bet in, and it seems the price on this one hasn’t been matched because it’s odds that aren’t available, or we’re hoping to get matched in play. So I will keep that over to the in-play period, and we’ll see what happens from here.

Back the loser with Bet Angel

As we can see, the book percentage is 90%, and a great thing is the margin maker, which allows you to price a book effectively with a set amount of money you wish to make.

So on this occasion, we can make 10%. By having a metric such as 10%, it allows us to manage the risk very effectively because at 10% we want to win 9 out of 10 races.

Bet Angel Dutching

You can see there that the horse didn’t get off to a great start, and we were matched immediately.

When you look at any particular race, there will be certain characteristics within the race. Whether it’s the draw, the price of the favourite in the remaining fields, the way the horses run, the course it’s likely to be run… that will allow you to get positions matched in play like this.

Bet Angel Dutching

You have to be patient…

Typically, it’s not until the latter stages of the race that you’ll have to wait until you get a bet that gets matched at some particular point because the race is generally won in the last three furlongs.

More money with Bet Angel and Betfair

You can see circled is the horse that we traded, for this horse we asked for a much, much bigger price. The horse will win, yet we’ve been matched at that price as the race actually got underway.

So, there are several characteristics within a race that will determine that. By simply using the margin maker, you can create a position that takes advantage of the price of a horse drifting in play.

That’s why we’ve used the dutching to do this, because if we price in a certain amount of margin; when we use the margin and ‘make it’ Bet Angel will put that in at a much higher price.

Efficiency using margin maker

There are six horses in this race, and five of them will lose. So, 5 of those 6 will trade at a higher price. This means the position we’re taking is based upon the margin we’re asking for, the price that generates it, and then the chance of that getting matched in play.

This makes it a far more efficient way to achieve a great result than attempting to offset a bet simply because you have some defined parameters to work with.

In this case, you’ve got a margin of 10%, and that will tell you precisely what you need to do to get that matched.

So let’s flip to the next market in Perth and do the same again. If we were going to do the same in this particular market, we could go to dutching, back all the horses, and select whatever stake we want to use us. (I suggest you use practice mode and a small stake if you’re doing it for real.)

Horse racing tips with Bet Angel

Then we click on the horse that you want to drift in running. In this case, if we choose Moscow menace, it only needs to go from 4.1 to 7.8. Finally we ‘place the bets’ and then keep that bet by pressing the ‘keep all’ button in the in-play period.

Now that position is ready to run in the next race in Perth!

Summary

This is an excellent way of using the margin maker and can give you brilliant results. The best thing about this is that it clearly shows you how much upside you will get and, therefore, what strike rate you need to be profitable, which is, essentially, the key to all trading.

Best of all, it can even allow you to win by backing the loser!