BetConnect - New Social Betting Platform

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petchy12
Posts: 1
Joined: Tue Sep 11, 2018 6:26 pm

Hi
Derek what if the price had shortened would you have just stood the bet.
Cheers
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Derek27
Posts: 23468
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Hi petchy12, welcome to the forum.

For someone who used to arb US racing with literally seconds to cover bets, 15 minutes seems a very generous about of time to decide if you want to take a bet and the price was trading bigger on the exchange so I took it fairly quickly.

I actually made a very small loss on this one because it was an each-way bet that was placed, the each-way market was weak, so I could only get 1.85 place despite the drift when 6.5 equates to place odds of 2.1, but I'm still quite enthusiastic about this.

When I've collected more data on each-way markets I might be more willing to accept a bet and wait for a price before closing trade.
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Derek27
Posts: 23468
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Not having much joy today. Mainly 'pros' taking advantage of bookies each-way prices.
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SeaHorseRacing
Posts: 2893
Joined: Fri May 20, 2016 7:06 pm

Here’s a link for anyone who wants to check it out or get on the waiting list... still dubious of it though.

https://www.betconnect.com/punter?r=qksX1
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Derek27
Posts: 23468
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

The 'pros' aren't as daft as I was hoping. I was hoping to lay a horse at 5, back it at 6.6 and make an easy profit but they are generally going for opportunities that aren't readily available on the exchange, such as each-way value or early prices.

Still early days though.
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SeaHorseRacing
Posts: 2893
Joined: Fri May 20, 2016 7:06 pm

Derek27 wrote:
Tue Oct 16, 2018 4:34 pm
The 'pros' aren't as daft as I was hoping. I was hoping to lay a horse at 5, back it at 6.6 and make an easy profit but they are generally going for opportunities that aren't readily available on the exchange, such as each-way value or early prices.

Still early days though.
The whole point of this is so they can get on early.

What I find stupid is the winning punters are just going to ruin there own market... allowing others to follow there bets will result in bookies margins increasing if it really takes off..

More and more value bets being placed... bookies will have no choice but to increase there overround...
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Derek27
Posts: 23468
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

SeaHorseRacing wrote:
Tue Oct 16, 2018 4:45 pm
Derek27 wrote:
Tue Oct 16, 2018 4:34 pm
The 'pros' aren't as daft as I was hoping. I was hoping to lay a horse at 5, back it at 6.6 and make an easy profit but they are generally going for opportunities that aren't readily available on the exchange, such as each-way value or early prices.

Still early days though.
The whole point of this is so they can get on early.

What I find stupid is the winning punters are just going to ruin there own market... allowing others to follow there bets will result in bookies margins increasing if it really takes off..

More and more value bets being placed... bookies will have no choice but to increase there overround...
They're not all early tips - some are for the next race. I think it's extremely unlikely that they will have a heavy following, it shouldn't impact much on the markets. Almost every horse in a competitive race is tipped by a well known tipster.
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Derek27
Posts: 23468
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Very slim profit margins in today's bets. In one case I had to scalp just to bump the price up.
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Derek27
Posts: 23468
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Here's me trying to lay horses and back them on the exchange, but it appears the 'pros' are trying to back horses at best price and lay them on the exchange - and the 'pros' are winning. :lol:
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Derek27
Posts: 23468
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Got a free bet on Ink Master 4.0>4.7.
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Derek27
Posts: 23468
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Laid Hermana Santa E.W. at 7.5, backed it at 9.0 to be safe, but it's now hit 16.0!

Definitely some free money to be had. :D
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Derek27
Posts: 23468
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

It's a real struggle to make anything worthwhile trading lays on BetConnect, but it's working wonders for my premium charge.

It makes a change feeling pleased about losing money on Betfair. :D
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Derek27
Posts: 23468
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

I laid this one at 15/8 several hours before the off (before the big spike) while it was trading 3.15 on Betfair. On top of the premium charge benefits I think this platform may be worth considering.
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Derek27
Posts: 23468
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

I'm paying extra premium charge this week thanks to by betconnect trading, which wipes out what little profit I made. :oops:

But I'm sure my PC will benefit longer term. :D
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PDC
Posts: 2272
Joined: Sun Jul 24, 2016 5:52 pm

Derek27 wrote:
Mon Oct 22, 2018 1:16 am
But I'm sure my PC will benefit longer term. :D
Can you expand on why?
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