Value betting is an increasingly popular, if notoriously elusive, idea. The underlying principle sounds somewhat unlikely: in short, a value bet means the market has got it wrong. You have value when the quoted odds of your selection winning are longer than they ought to be. Or, put another way, ‘value’ means you’ve bought a low-risk opportunity for
I’m currently on holiday in Brittany, and therefore doing as little trialling as possible. However, I have been approached by a chap called Matt to test his service and simply cannot resist getting involved. The reason why is that I have come across Matt before – and believe we share fundamentally similar principles about betting.
I’m genuinely dazzled by Betfair. Nobody regulates its prices and yet the markets are astonishingly, almost mysteriously efficient. Take, for instance, the Correct Score market on a match such as Arsenal v Stoke this weekend. If we list the Betfair odds on the various potential scorelines that could deliver an Arsenal win, then convert them to
If there is one issue that unites all punters, it’s the thorny one of bookmakers closing their accounts.Yes, there are sensible steps you can take to try to protect them – but even then some bookies just seem to do irrational things, including closing accounts that have only just opened. Perhaps unsurprisingly therefore, the one thing I
It seems a long time ago since I started testing FRT Gold. I wrote my opening article back in July and was very enthusiastic about what I expected to see from this professional-looking service. Then — how often does this happen with a new system? — there followed an almighty anti-climax. Month #1 was poor and month #2 was
Hello again, David here with the conclusion of my trial of Banker Bets. It’s not been the easiest of trials, with my initial optimism gradually being eroded by a series of setbacks. The latest one was documented in my report on October’s performance, which saw me finish in the red to the tune of £70 after 261 bets.
One of the oddities of betting is that it is almost everywhere regarded as a winner-takes-all business. For instance, most betting services aim to predict winners. Yep, even all these years after Betfair was founded, there are far more backing services than laying ones. And there are even fewer pure trading products. Of this latter
Hope springs eternal here at Lay Back. It has to, if I’m to keep kicking off new trials! IWinSoccerBets is a case in point. I really got excited about this promising new service and wrote a breathless introductory piece explaining why. And sure enough, initial results appeared to reward my enthusiasm, with the first couple of
It has often struck me that most of the systems that we test here at Lay Back have been developed by one or two people as a maximum.Indeed, I’d go so far as to say there is something touchingly amateurish about the vast majority of betting systems providers. Many services really just start out as one punter’s
My 2016 Betting Oscars have celebrated a mix of exciting new services and old established favourites.Most importantly, they’ve given Lay Back readers the chance to have their say about the betting services that, for them, truly hit the spot. For it is they who have voted for the products that have achieved success in this year’s virtual