Lay Betting Explained Online-Betting.me.uk

I have been a matched betting enthusiast for years and now I am teaching it for free to everyone.

Hey beermoneyukers!
After years working in my 9-5 job as a website developer for a large corporation I decided I could not face selling my soul any longer lols and packed in my job.
Since then, I had a stint working as a freelancer whilst also making a healthy side income via matched betting. And over the past 9 months I’ve been building a website that teaches people how to do the same.
There are a lot of websites out there that teach matched betting, but most require a monthly subscription and most have long articles that can be a bit dry and hard to follow.
So instead, I built a website, Team Profit, that:
  Is completely free
  Uses animated video guides to teach people (link)
  Has infographics to accompany all video guides
  Provides step by step guides for 25+ bookmaker offer which will make you £600+ risk free (link)
I have amended the video script over 50 times to try to make it as concise and helpful as possible, hopefully they are a good watch!
Any feedback on the videos, guides, blog or anything else, please let me know, I spend every day adding new content and improving existing content.
If you are thinking of learning matched betting and making £600+ risk free, please check it out!
www.teamprofit.com
 
MEGA FAQs GUIDE TO MATCHED BETTING
 
The video guides I posted above will teach you everything about matched betting.
However, I figure no harm in me writing down everything I know about matched betting in an FAQ style layout. Hopefully this will be useful to you.
I have tried to answer every question as concise as possible / no rambling :D
I have split the FAQs into the following sections:
 
INTRODUCTION
1) What exactly is matched betting and how I do make money risk free?
2) How popular is matched betting?
3) Does it involve gambling?
4) How much money will I need to start?
5) How much time will it take me to learn matched betting?
 
OFFERS & YOUR PROFIT
1) How much money can I make matched betting from the welcome offers (new customer only)?
2) How much is a free bet worth in actual cash profit?
3) After I have finished the Welcome Offers, how much money can I make matched betting each month from Daily Offers (existing customer offers)?
4) What type of Daily Offers are available?
 
BOOKMAKERS AND BETTING EXCHANGES
1) Which bookmakers have the best welcome offers?
2) Which bookmakers have the best offers for existing customers?
3) What is mug betting?
4) What is a betting exchange?
5) How do we use a betting exchange?
 
ADDRESSING COMMON CONCERNS
1) How sustainable is matched betting?
2) Will it impact my credit rating?
3) Do the bookmakers have terms to stop customers from withdrawing?
4) Do I need to know about sports?
 
WHICH WEBSITES TEACH MATCHED BETTING - YOUR OPTIONS
1) Where can you learn matched betting?
 
ADDITIONAL FAQS
1) Depositing and withdrawing
2) Sending identification documents
Any questions that haven’t been answered please add a comment and I’ll add the FAQ and answer.
 
INTRODUCTION
 
1) What exactly is matched betting and how I do make money risk free?
There are more than 25 online bookmakers in the UK. In order to attract new customers, they each offer free bets, known as ‘Welcome Offers’.
In total they offer over £800 in free bets to new customers.
In order to receive the free bet, bookmakers require you to place your first bet. An example offer is ‘Bet £5, Get £20 free bet’.
The risk is that you could lose both the £5 bet (your own cash) and the £20 free bet.
By using a technique called matched betting, we remove this risk.
This is because we match our first £5 bet on the bookmaker with a £5 bet on a betting exchange on the opposite outcome (this is known as a ‘lay bet’).
For example, we bet £5 on Man Utd to win on the bookmaker, and £5 on Man Utd not to win on the betting exchange.
As we have now bet on all outcomes, regardless of whether Man Utd win, draw or lose, we will neither win nor lose money. However, we have received the £20 free bet!
With the £20 free bet, we can now repeat this process by betting on say Liverpool to win on the bookmaker and Liverpool not to win.
This time, because we are using a £20 free bet but our winnings are paid out in cash, we will always make a profit.
We repeat this process for 25+ bookmakers, one by one. In total we can convert the £800+ in free bets to over £600+ in actual cash profit, in very little time at all.
 
2) How popular is matched betting?
Matched betting isn’t new and has been around since at least 2005.
However, it is only since 2015 that it has really increased in popularity due to the rise of websites teaching matched betting. You can see this trend here: Google Trends Link
By looking at the various matched betting sites popularity, a reasonable estimate is at least 25,000 people in the UK are matched betters. You can see a review of sites that teach matched betting in the ‘Which websites teach matched betting?’ section below.
 
3) Does it involving gambling?
This is the most common assumption with matched betting. You’d be forgiven for thinking that it did involve gambling simply because the name ‘matched betting’ would suggest it did.
However, matched betting does not involve gambling, you will never be risking a penny.
Because we are always covering the opposite outcome occurring, there is never any risk we will lose money. Furthermore, we still receive the free bets which we will where we make our profit.
The profitability and risk free nature of matched betting has been reviewed in the Daily Telegraph and the Guardian
 
4) How much will I need to start?
You can start with as little as you want, however the lowest I would recommend starting with would be £25.
With £25, you can start your first bookmaker welcome offer and make a deposit into your first betting exchange, meaning you can start making a profit.
For more details, see this Starting with £25 guide.
The downside, with only £25 you are restricted by having to wait for withdrawals before you can move onto the next offer.
Therefore, I would say an optimal amount to have available for your cash flow would be in the region of £200 as this allows you to complete multiple welcome offers simultaneously.
 
5) How long will it take me to learn matched betting?
To learn the principles of matched betting, it will take up to 20 minutes.
To become familiar with completing your first offer, I would set aside another 30-60 minutes so you can take your time and ensure you are completing it correctly.
For example, the video guides on Team Profit last a total of 21 minutes (8 minutes for the explainers videos and 13 minutes to watch the step-by-step real time example). Although they last just 21 minutes, some users watch certain parts of the video again to become comfortable with the process.
It is very much recommended to avoid trying to learn matched betting by yourself. There are thousands of experienced matched betters who can help you. For more details on this, see the ‘Which Websites Teach Matched Betting’ section.
If you need any help anytime, please do comment in this Reddit thread and I’ll help you out.
 
OFFERS
 
1)How much money can I make matched betting from the welcome offers (new customer only)?
From the welcome offer, you can make approximately £1,000 cash profit.
There are 25+ bookmaker offers available on sports for at least £600 profit. These are relatively straightforward offers and good value in terms of time to complete. It would take around 12 hours to complete these offers, which works around £40 / hour tax free. You can complete them over any time period you like.
There are at least another 5 bookmaker offers, such as Bet365 and BetVictor, though these require more time, you could make around £100 to £200. They require more time because the bookmaker requires you to bet many more times before you can withdraw.
Plus 20+ offers across casino and bingo, though some are not risk free and typically take more time to complete, but you should be able to make at least £200 profit from these offers.
So overall, there is an easy £600 profit risk free, then up to another £400 if it’s worth your time to do them.
 
2) How much is a free bet worth in actual cash profit?
A £10 free bet is worth between £5 to £8 in actual cash profit.
The reason for the range is because the higher odds you choose for your free bet, the more actual cash profit you will make.
For example, if you bet on a football team with odds of 2.0, the £10 free bet will convert to around £5 cash profit. Whereas if you bet on a football team that is unlikely to win, with odds of say 6.0, the £10 free bet will convert to around £8 cash profit.
Note though, the higher odds you choose, the more you will need in your betting exchange account in case the bet wins. For a detailed explanation with examples, read this free bet profit article.
 
3) After I have finished the Welcome Offers, how much money can I make matched betting each month (from existing customer offers)?
Anywhere from £100 to £1,000+ per month.
Bookmakers continue to run free bet offers to retain their customers, I refer to these as Daily Offers.
Daily Offers are typically less valuable than the welcome offers but still worth completing.
For example, rather than ‘Bet £5 Get £20’ that they offer to new customers, they may instead run ‘Bet £20 Get £10’ and on a particular football match.
I would say for people with a day job, aiming for between £300 to £500 a month is realistic. In terms of time required, for every hour you spend, you should make around £30 tax free.
So to make £300 a month, expect to spend around 2-3 hours a week. I’d say to earn more than this, you will likely need to accept a lower hourly rate and do some of the low value offers too.
If you are looking to make £1,000+, I’d expect you would have to be near full time and also be fortunate to keep your enough of your bookmaker accounts open for 12+ month period (what is mugging bet FAQ below).
 
4) What type of offers are available for existing customers?
 
Easy offers:
The most common easy offer on football matches is Bet £20 Get £10 free bet. Many bookmakers run this offer, though it will usually be on a particular football match.
The most common easy offer on horse racing is usually on SkyBet, who will run simple offers such as ‘Get £25 free bet if your horse comes 2nd or 3rd’.
There are also easy casino offers, such as ‘£5 risk free’, where you spin on slots and hope to win, if you don’t they’ll refund up to £5 of losses.
These offers can make you up to £300 per month (or £500 on a good month with European football) and are easy for those with a day job.
 
Harder offers:
If you are looking to make more than £300 to £500 a month, then you will need to spend time on Saturday’s completing horse racing offers on Channel 4 racing and during the week too, though Saturday’s are the most profitable.
Plus you will need to do more advanced offers such as football accumulator refunds, each way offers, though I will leave these aside given they could have their own separate thread :p
If you’d like to understand where you can learn more about these offers, see ‘Which sites teach matched betting?’ FAQ below.
 
BOOKMAKERS AND BETTING EXCHANGE
 
1) Which bookmakers have the best welcome offers?
 
There are 3 formats of bookmakers welcome offers.
 
‘Bet £X Get £Y free bet’ - these are the most straightforward. Simply place your first bet and receive a free bet.
This format of welcome offer, ranging from Bet £5 Get £20 to Bet £50 Get £50, is available on Coral, SkyBet, BetBright, Betfred, Paddy Power, BetStars, William Hill, Stan James, Betway, Ladbrokes, TitanBet, 32Red and MarathonBet.
 
‘Refunds’ (also known as Risk Free offers) - these are similar to Bet £X Get £Y free bet. The only difference is you only receive your free bet if your first bet loses, hence I refer to these offers are refund offers.
This format of welcome offer is, ranging from £10 to £50 refunds, is available on Bwin, Dafabet, UniBet, Totesport, 188Bet, SuperLenny, Genting and 888Sport.
 
‘Multi Bets’ - these welcome offers require multiple bets to be placed before receiving your reward. It can take form of a bonus which requires to bet £X amount until you can withdraw any winnings, or the form of a cash reward once you have bet £X amount.
This format of welcome offer is available on Bet365, BetVictor and some other bookmakers, however they often require such a large amount of betting that I haven’t included them in this list.
The quickest to complete are the Bet £X Get £Y due to their simplicity, then the next best are the ‘Refunds’ offers.
The Multi Bet offers can be very valuable (e.g. Bet£365’s offer is worth over £150 profit risk free) but can also require much larger deposits in order to place the bookmaker bets and lay these bets in your Exchange.
 
For details of each bookmaker offer, see this Welcome Offer List & Guides
 
2) Which bookmakers have the best offers for existing customers?
 
Bookmakers vary in their level of generosity to existing customers. This is a little subjective, but in my opinion, this is the ranking of bookmakers for existing customers:
 
Best: Bet365
Bet365 run a £50 Risk Free offer most months (sometimes twice a month during popular football months) which is worth £35. It is very quick to complete (less than 10 minutes) so for £35 to £70, or around £500 a year, it is a great offer.
Plus they have one of the best horse racing offers, up to a £50 risk free bet if your pick a winning horse with high odds. This is a profitable offer worth around £20-£30 a week, or up to £1,000 to £1,500 a year.
 
Second Best: SkyBet
SkyBet run regular £5 to £25 free bet offers on horse racing and football, plus regular £5 risk free offers in SkyVegas.
 
Third & Fourth Best: Coral and Paddy Power
Both these sites run regular horse racing, price boosts and football offers (Bet £20 Get £10 in particular), at least £20 to to be made on every week from these two sites.
 
Good: William Hill, Ladbrokes, BetStars, Stan James, Betway, Bwin, Betfred, Totesport, 188Bet, 888, BetVictor
All these bookmakers run offer(s) each week so it’s worth ensuring you have completed the welcome offer for each of these sites so you can take advantage of their daily offers for existing customers.
 
3) What is mug betting?
If you are only ever betting when you receive an offer, the bookmaker will no longer allow your account to receive free bet offers (this is known as being ‘gubbed’).
To get around this, you should place ‘mug’ bets. ‘Mug’ bets are simply bets that a ‘mug’ punter would place. Mug bets include £1 accumulators (betting on several teams to win) and betting on favourites without an offer.
Most advice suggests that for every offer you receive, you should place 2-3 mug bets.
If you are gubbed, it does kinda suck when you receive the email, as you can no longer profit from the bookmaker’s offers.
It is also becoming increasingly common as bookmakers are noticing more suspected matched bettors, due to its increasing popularity. My advice is to make money whilst you can and take sensible precautions to try to keep your account active.
For more details, see this Mug Betting article
 
4) What is a betting exchange?
A betting exchange is a marketplace for customers to bet between each other on the outcome of particular events. This differs from a traditional bookmaker because an exchange also gives you the ability to be the bookmaker yourself and take bets from other exchange users.
Standard bookmakers generate profit by offering odds that are in their favour. Betting exchanges explained in terms of how they generate revenue is they charge a commission on any winnings a player receives.
The two market leading betting exchanges are, Betfair and Smarkets.
For more details, Betting Exchanges Comparison.
 
5) How we use betting exchanges?
When matched betting, a betting exchange is used to place our lay bets (the opposite bet to our trigger bet). So when we place the trigger bet with the bookmaker on one outcome to release the initial free bet, we must also cover the opposite outcome so that if the bookmaker bet does lose we still win on the lay bet - making it risk free!
Similarly when we are placing the free bet bet with the bookmaker we then lay off that bet using the exchange and because we’re using a free bet but being paid out in cash, this is how we turn free bets into withdrawable cash.
We only ever use betting exchanges for lay bets.
 
ADDRESSING COMMON CONCERNS
 
1) How sustainable is matched betting?
Matched betting over the past 6-9 months has become harder. Most bookmakers have realised they are thousands of matched betters taking advantage of their offers and so have either reduced the generosity of their offers or have made the daily offers more complicated.
However, there is still intense competition between the bookmakers, meaning they will always run special offers to an extent.
By spending a few hours a week, you can still make £300 to £500 a month, whereas in past year(s) this figure could have been £500 to £800.
The biggest issue matched betters face is being ‘gubbed’. As explained in the mug betting FAQ, this is when a bookmaker restricts you from receiving free bets and bonuses.
There are various theories as to how a particular bookmaker decides to to gub a customer. Reasons include taking up too many offers, winning a high % of bets, withdrawing regularly, placing bets far in advance or at irregular times.
The truth is nobody really knows precisely why people gubbed. However, you can expect to get gubbed at some point from a particular bookmaker, it may be 2 months, it may be 2 years, it is hard to know.
I really think though that everyone can make up to £1,000 from the Welcome Offers and at least £300 to £500 a month without any problems. I think the issues comes when you are making £1,000+ every month which sooner or later bookmakers will catch up that you are taking up a lot of offers.
Having said this, some people say they have been making £1,000+ every month for years, so maybe it is possible if you are using a wide variety of bookmakers and consistently placing mug bets.
 
2) Will it impact my credit rating?
Having betting activity on your bank statement does not impact your credit rating.
The only thing to be wary of when making betting deposits and withdrawals is that it can affect your application for a mortgage. So if you’re planning on applying for a mortgage in the near future then I’d recommend using a separate bank account to that which you’ll be applying for the mortgage with.
 
3) Do the bookmakers have terms to stop customers from withdrawing?
The vast majority of welcome offers do not have any withdrawal restrictions.
A handful of welcome offers do but this will be state in the terms and conditions. It is much easier though to use a matched betting website as they will clearly highlight the key terms of each offer (see ‘Which websites teach matched betting’ section below).
Casino offers will almost always have withdrawal restrictions, however for the matched betting welcome offers we are focusing on sports betting.
 
4) Do I need to know about sports?
Not at all! You do not need a sports background or have any sort of betting knowledge, many matched betters do not know anything about sport or betting before learning matched betting.
You may learn matched betting a little faster if you have sports betting experience but it really isn't important at all.
 
WHICH WEBSITE TEACH MATCHED BETTING - YOUR OPTIONS
 
There are 30+ websites that three key stages to matched betting:
Stage 1) Learning matched betting
Stage 2) Completing the Welcome Offers (for new customers)
Stage 3) Profiting in the long term from Daily Offers (for existing customers)
Below I have tried to cover the main sites that will help you with each of these stages.
 
In summary, I may be biased :p but I think the:
Stage 1) and Stage 2) best approach is to use TeamProfit.com
Stage 3) Join a paid membership site, either OddsMonkey.com, ProfitAccumulator.co.uk or ProfitMaximiser.co.uk to continue to make money from the Daily Offers.
 
FREE SITES:
 
TeamProfit.com (link)
I really believe Team Profit is the best site to learn matched betting and complete the welcome offers, but compare us to the other sites and see what you think!
Learn matched betting with animated videos (link)
25+ Welcome Offers using the step by step guides (link)
A free Facebook group to provide help to you anytime you need (link).
 
MoneySavingExpert.com (link)
The advantage of MoneySavingExpert is the sheer volume of content, covering all aspects of matched betting.
The disadvantage of MoneySavingExpert it is not well structured as it is just one forum with a long lists of posts so it takes quite a while to find relevant threads and miss key information.
 
MatchedBettingBlog.com (link)
The advantage of MatchedBettingBlog is the clear layout of the daily offers posted each day for with step by step instructions. It’s a good site to check to avoid missing the best and easier daily offers. The forum community also helps to post additional offers on top of those listed on the homepage, and also provides general advice on completing daily offers.
The disadvantage of MatchedBettingBlog is it is relatively limited in terms of teaching matched betting and does not provide a clear list of welcome offers. Also, for those looking to make £500+ every month, it doesn’t provide any software to help with the more advanced types of matched betting with daily offers, such as horse racing refunds and accumulator refunds, that the paid member sites offer.
Additional free matched betting sites include:
Matchedbettingfree.co.uk (link) (Reddit thread link)
Freebets4all.com (link)
 
PAID SITES:
 
Paid sites usually charge £15 to £25 a month.
In return, they will teach matched betting, provide list of welcome offers and provide daily offers too. Additionally, most paid sites will also provide software that helps to make you more money plus save you time.
 
OddsMonkey.com (link | non)
OddsMonkey charge £15 per month or £150 per year.
They are the most well known provider of matched betting software. Earlier this year, they added the full range of matched betting services, so now they provide all of the below:
Tutorial articles
Welcome offer step by step guides
Daily offers calendar
Software: OddsMatcher, Horse Racing Refunds, Tennis Refunds, range of calculators and spreadsheet
Forum
The advantage of OddsMonkey is the exceptional value. They have the best range of software and tools for matched betters to maximise their profits, are consistently bringing up new tools at no added cost. At only £15 per month it is one of the best options to consider.
The only disadvantage is the forum is not as busy as the next two options, ProfitAccumulator and Profit Maximiser. Though the forum is still a sufficiently active to ensure any questions have you are answered quickly.
 
Profit Accumulator (Link - Chazmer87's I don't have one | non)
Profit Accumulator charge £23 per month or £150 per year
Profit Accumulator helped to bring matched betting to the main stream with a highly active community. There are clear similarities between OddsMonkey and Profit Accumulator in terms of their high standard of software and offers.
The advantage of Profit Accumulator is their very active community. There is a great deal of advice in virtually every aspect of matched betting and the information is all well structured. Plus they have a very good offers coverage.
The only disadvantage to Profit Accumulator is the higher cost. The membership itself is £23 per month, plus their version of the Horse Racing Refunds software is £10 per month, or £115 a year. So in total you are paying £33 per month versus OddsMonkey’s £15 per month.
 
Profit Maximiser (Link | non)
Profit Maximiser is run by the original matched betting guru Mike Cruickshank.
Mike has been building software for matched betters for many years and has a very active Facebook Group.
Each piece of software is sold separately, I believe the below is accurate, each have their own £1 free trials:
Bonus Bagging £27 plus VAT - provides a list of all welcome offers and teaching (Link | non)
Profit Maximiser £97 plus VAT - provides all daily offers (Link | non)
Each Way Sniper £47 plus VAT - provides a horse racing betting system (Link)
Accumulator Generator £149 plus VAT - provides a football betting system (Link)
I believe Mike may have a couple more tools, if so I’ll edit this post if you could please comment / send me a message.
The advantage of Mike’s products is that there is no monthly recurring fee, so if you intend to do this for many months, it may work out profitable to do so. Plus from what I understand their Facebook Group finds some lucrative casino loophole offers faster than other matched betting providers.
The disadvantage of Mike’s products is that you have to buy each product separately rather than having it all within one simple account. Additionally, the total cost if you were to buy all 4 above listed products is £320 + VAT (total cost £384) whereas you could receive all these tools for £15 per month from Oddsmonkey. Having said that, Mike’s products do come with a £1 free trial, just be careful to cancel before the trial ends if you don’t want to continue.
Additional free matched betting sites include: Yes Bets link
Pure Profit link
 
ADDITIONAL
 
1) Depositing and withdrawing
To ensure you qualify for the Welcome Offer, use a bank card to deposit into your newly set up bookmaker account. Most sites will allow Paypal too though check the terms and conditions.
If you use Skrill or Neteller, typically you will not qualify for the Welcome Offer (bookmakers have this rule to prevent fraud) but you can check the terms and conditions.
Withdrawing is easy, you should receive your funds within 1-3 working days depending on the bookmaker.
 
2) Sending identification documents
Occasionally, bookmakers may require to send in identification documents (passport or drivers licence for example) and a copy of your bank card. This is to prevent fraud. This usually happens if you are not listed on the Electoral Roll or there is a difference between your home address and billing address. Simply take a photo of the documents they ask for and email them back.
 
THAT COMPLETES THE MEGA FAQ GUIDE TO MATCHED BETTING!
 
If you have any questions, comments or suggestions, please do post a comment thanks!
 
submitted by greenmachine9 to beermoneyuk [link] [comments]

[Table] IamA Assistant Racehorse Trainer in the UK. If you want to anything about the industry or horse racing in general let me help. AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2014-03-22
Link to submission (Has self-text)
Questions Answers
I'm involved in horse welfare and rescue in the USA. Here, owners and trainers rarely make provisions for horses that fail to race well or horses that can no longer race. They are commonly shipped to slaughter in Canada. Is it any different in the UK? Here in the USA, horses are raced as 2 and 3 year olds, despite the fact that no horse is skeletally mature before age 5 or 6. (For perspective for non horse people, a 2 year old horse would be about 13 human years old.) Is it the same in the UK? In the last ten to twenty years there has been an increased push to rehome and retrain as many horses as we as a sport can. I personally try to rehome every horse that leaves the yard to a good home, provided the owner is willing and doesn't want to keep it themselves. I wouldn't say that selling horses, particularly race horses, for slaughter is common practise here. I haven't encountered any instances personally. Horses are frequently run aged two or three in this country as well however I think it's wise to mention that while they do work hard it is not in our or the horses interest to overwork or break them down. In our yard if a young horse is showing signs of struggling we will ease off and give them time.
But, don't a majority of your horses run on turf (compared to US dirt tracks). We don't use dirt at all here. There are a few all weather tracks for flat meetings but most racing is done on turf.
, aren't pain medications more restricted in the UK circuits, so you really can't run a horse into the ground in the same way as US trainers can. Drugs are extremely restricted here, even a whiff of it and they will come down hard. Especially after the last couple of years.
Does the horse have any idea that he is going round and round? Oh yeah. They are clever bastards. You can often tell when it's time to retire a horse from racing because instead of carrying on the race when they get round the course and near to the stables they will try and pull up.
Where do they get jockeys from? Is it genetic? Do they have funny voices from getting their nads squished on the saddle every race? From Ireland generally! A lot do come from a long line of jockeys or racing families in general.
Well other than being Irish I guess the funny voice could come from the pounding their bollocks take...
What is a good resource to learn about racing in the UK if I wanted to attend as a tourist? This website is run by the governing body of racing and has lots of good information on racecourse and fixtures.
Once you have decided on where you want to go I suggest visiting some of the individual racecourses website as they are much more detailed. If you are visiting London during summer I do suggest going to Windsor they do fantastic evening racing, generally on a Monday night where you can get to the racecourse on a boat that comes up the River Thames. Cool huh?
Is racing there seasonal or year-round? Horse racing as a sport happens all year round however some elements of it are indeed seasonal.
For example Flat racing is predominately held over Summer, this is because these horses are generally smaller and appreciate 'faster' (read harder) ground.
During Winter we get most of the National Hunt meetings. National Hunt is the full name for jumps racing. Generally speaking horses are larger and as such need softer ground to prevent injuries and slow them down.
I've never been to a horse racing track and what are some of the reasons for me to want to go? Have you ever felt like the horses weren't being treated fairly on or off the track? Final question is have you ever witnessed anybody on the track gamble to much that you started to feel it was running their life? Sorry about all the questions! Horse racing is a fun and enjoyable pastime. It's great to get a lot of people together and go and have a few drinks and a couple of bets on horses, it really is exciting when there is money on it. It's a good fun day out and provided you budget like any other day out, it doesn't have to be really expensive either.
Welfare is a tough question to answer briefly but I will give it a shot and if their is more interest I can write up a larger response. I personally feel that the majority of trainers provide a very high level of welfare for their horses. We really do love the animals regardless of what people may say. Racehorses get treated especially well, better than most horses kept just for riding I would argue. We are incredibly strictly regulated on animal welfare issues and the punishments are severe for the very few people who do break the rules.
I personally am not a huge gambler, I have a little flutter every now and then but for the most part It don't gamble. I have not ever seen someone ruin their lives through betting but that's not to say it doesn't happen I'm sure.
If the horses are treated well, why are they whipped to make them run faster at the end of the race? It's to make them go faster, it causes the horse no damage and Jockeys are carefully regulated. Limits are set in place for how much a whip can be used and bans and fines for excessive use are common.
Horses are big animals and the whip is primarily a correctional tool, they are trained to respond to it and it's used to keep them under control. Most schools of equestrianism use the whip in some form.
Last year, there were some interesting articles in the press about how horse racing was a dying sport (for example, here and here). How does it look from your perspective? Horse racing is the second most attended sport in the UK, we also hold something like 6 of the highest 10 sporting fixtures in the UK each year. However the average age of the racegoer is getting higher and higher, at a higher level than I there must be a push to encourage a younger audience to attend racing. Racing in this country is coming under attack from decreasing in funding by the betting industry. Every year we receive less money to go towards prize money and such due to an archiac system called the Levy which is supposed to provided the sport with a proportion of bookmakers profits. Improvements look to be being made in this are as the Government, I believe, is pushing to regulate the betting industry differently allowing online betting in particular to be properly taxed and the money collected. It's tough for trainers right now. There aren't as many trainers around than there were in 2007. The recession hit us hard as unsurprisingly the first cost most people shed was a racehorse in training. Ultimately though the situation does start to look like its improving, people are buying horses again and yards are starting to be a bit larger each year. The next one to look out for is China. Racing is becoming very popular there and gambling isn't even legal on mainland china. If China liberalises at the rate it has been it may only be a few years before they regulate the betting industry and everything really kicks off.
Thank you so much for the reply! If you have a minute, I have another question or two... How often do horses race internationally, such as coming from the UK to race in the US or vice-versa? What about going to the Middle East? Also, are there many horses from South America in the UK racing circuit? Our top flight horses travel all over the world to contest titles. This is called "raiding" and foreigners come to England to do it too! The Breeders Cup is something every trainer wants to win. As for the Middle East the main draw is the money. It is insane. Next Saturday is the Dubai World Cup held at Meydan. They built this huge racing complex way out in the desert and hold loads of expensive racing at night to avoid the heat. Pretty surreal compared to here. I don't know of any South American horses running under rules and I'm not certain why they wouldn't. I suppose they don't have any good enough to warrant the expense of travelling over.
I was curious about the South American horses because a few years back there seemed to be a bunch of them on the American circuit from Argentina (that American owners had purchased). I think it had to do with the dollar being so strong and the economy in Argentina being so bad. Ahh. I think they race on dirt over in Argentina so they would be better suited for American racing.
Where are the races held? What are the most popular meets? Is "meets" the right word? Racing is held all over the UK Some of the most popular meetings are Royal Ascot, the Derby Meeting at Epsom and Glorious Goodwood on the Flat. Thousands of people attend these three or four day long meetings every year and it's really quite a sight!
Over the Jumps the most popular are the Cheltenham Festival and the Grand National meeting at Aintree in Liverpool. The Cheltenham Festival is a personal favourite of mine as the atmosphere is truly electric, around 60,000 people attend each day.
Edit: Whoops! Yes meets is a fine phrase. More commonly people will say meetings, fixtures or races.
Thanks so much for your time, and I wish you the best of luck in the future! Your father sounds like a proper horseman. Id like to think I can spot a good one but not nearly as well as my father or my grandfather. It's a skill we all pick up the more we watch.
What's your favorite track? Have you had a few of your horses run in the US? I know whenever I see a steeplechase race in the program, the overwhelming majority of horses in the race are from Great Britain. My favourite to go to as a racegoer would have to be Newbury. The facilities are amazing and the racing is generally of a really high quality both on the flat and over the jumps. Professionally in recent years we have had some success at Plumpton down on the South Coast near Brighton, it's a nice little country course.
Not for my yard no sadly but I would love to come over for some of your racing. Some of my extended family take a few horses out there every now and then. It's every trainers dream to raid a Breeders Cup!
When it's clear your horse stands no chance, how much do you lay the horse on betfair? Call me a man of integrity but I don't at all. Maybe that's because it's been so long since I had a favourite...
Who makes the best sausages in Newmarket? Dunno mate. I'm all about the lasagne.
Roughly what percentage of races are still fixed? I have no idea to be honest. It's probably very very low, it's a hard thing to pull off and the punishments are very strict. Life long bans and potential criminal prosecution.
A few do attempt it of course, a big ring got taken down a few years ago. It's a shame that this is an issue that press fixate upon really as on a day to day basis you don't even think about it within the Industry.
Would it be advantageous for a midget to be a jockey? Not at all! Jockey's are professional sportsmen in a job where if you can't make the weight you can't ride. Some jockey's have to be very light while others can afford to be heavier, it depends on their role as every horse generally requires a different weight based on their handicap rating (A whole other kettle of fish).
Jockeys not only have to be light but have to be incredibly fit and strong. It's really hard work to ride a horse in that style for possibly four miles. Most jockey's I know aren't just good jockeys they are athletes who are proficient at most sports. They really seem to love golf.
If I could go back in time I would love to have gone the career path of a jockey... their commitment to the sport is fantastic and they really put their bodies on the line. Complete Commitment
I just hope some people understand the distances these jockeys travel just to do the job, they will do 2 meetings a day where possible, day in - day out. The physical exertion must be intense only to wake up and do it all over again. It's important to note that during the day most of them work for a trainer as well. They will ride out maybe three or four lots in the morning before going racing sometimes.
Do you gamble? Do you often get tips and are they reliable? Not often, I do for fun every now and then and always over the Cheltenham Festival.
Sadly not often but sometimes a good tip comes along. Often I'm too sceptical to believe it.
Thanks for doing this! I'm a big fan of horse racing and was wondering, what should I be looking at when placing my bet on a certain horse?. Days off? Avg class ? High speed? Etc. in other words , what is the most important stat? Form is the big one. Form over a comparable distance with comparable ground conditions. You can start to make educated guesses each way after that if you start to take in other variables like equipment etc.
The going has a massive impact from my experience, if the horse doesn't run well on a certain ground its a no-no. I couldn't agree more, going is vitally important however generally speaking when we run a horse on different ground than normal we are hoping it will overcome it.
When they state in the paper that they are wearing headgear or blinkers etc. do you think this can make a significant difference? Headgear is a really useful tool, sometimes they go really well. Other times it has no effect. Sometimes the effects deteriorate over time. Generally if one of mine is wearing head gear for the first time it means we have worked it at home and it's worked really well.
What was the most expensive batch of horse seed you know of being sold? By horse seed do you mean semen? If so in the Thoroughbred Bloodstock Industry Artificial Insemination is banned. Only natural coverings are permitted. Race horses are still crazy expensive though. People can spend millions of pounds on one horse.
What's your most gruesome story? i've heard some pretty horrific stuff from botched castrations/surgeries on horses. As for most gruesome I don't have any really awful ones about horses. We have had some nasty falls and one went through a barbed wire fence once but nothing truly disgusting. Likewise never seen any botched geldings or surgeries. But they do happen, I like to think the vet we use is pretty good so I hope it won't happen anytime soon!
Only live coverage is allowed? Fascinating. Why is that the case? So I take it that there is a limited amount of bloodlines unless you actually ship the horse out of country/continent? A few reasons.
One, limits the number of stock from a single stallion. AI decreases the cost of covering so semen would be more readily available. You would end up with thousands of foal in the same year by the same sire. Thats a quick way to fuck up your bloodlines.
Two, why would they change to it? Now all the selling power is held by those who it would affect most. The studs which own the stallions make millions of pounds a year in coverings, if they saturate (literally in this case) the market they will make loses.
Three, racing is an international sport, if one country did it and no one followed suit very quickly they would find themselves isolated with a horse population that couldn't compete abroad.
What is your favorite color? Blue. I like Blue...
That is the correct answer, OP. Now you must answer one more question to cross the bridge. What is the airspeed velocity of an unladen swallow? African or European?
European. Ffffuuu...
Ohh boy. I've been wanting to ask so many questions about your industry but wasnt quite sure what sub to go to. Thanks for doing this ama.A bunch of questions here. Hope you can clear things up for me. How do trainers even make money. Sometimes the odds of a horse winning are upwards of 20/1 when the prize money is usually around 10k-20k(?). factor in the logistical, training and acquiring costs and seems like a losers game to train a horse (?) Hey man! Hope I can help. Trainers charge the owners of horses a training fee. This is generally a daily charge plus extras . Sometimes it's very hard to make money as a trainer, a lot of people don't turn a profit training racehorses many just do it for the fun and the lifestyle.
How do you even judge how fast a horse will be when you go to three auction? Generally breeding, if the mare and stallion are good the horse has a better chance of being good. Ideally you compare the horse to a full sibling however this is rare and you generally end up comparing them to half brothesister on the maternal side.
The Grand National seems like an absolutely absurd event to me. Would you say it enjoys broad support among the racing community? I think it's a truly impressive spectacle that is the hardest test we throw at our toughest horse and jockey teams. I don't feel it's representative of the day to day life in the racing world however.
I worked at the grand national once. a G4S man tried to crush me in a bin. Consequentially I don't trust anyone associated with your profession. Sorry about that. Aww come on. G4S as in the men being done for manslaughter? Trust me when I say we hate those hired security at the big meetings more than you do. We normally know the guy on the gate because it's been the same one for maybe twenty years. However at the big meetings they roll out extra staff and they get lost in the crowd somewhere...
How much pressure is there for the horses to get results? If you had a severe patch of not winning many races does this affect the finances of the yard? Everyone wants their horse to perform at the height of it's ability so it's tough. Hopefully you have owners who understand it's just a patch and that fortune will turn round in the long run.
Yards as a general rule of thumb don't really on prize money to fund themselves, it does however draw in new owners!
So whats the bread and butter of a decent yard then? The brad and butter is training fees through a daily cost per horse plus extras.
One or two wealthy owners who love the sport and who have three or more horses each are what every yard really needs. These owners are hopefully loyal and will use you year after year, topping up their stock. They are the ones who keep racing afloat.
In respect to training under saddle, what do the horses need to learn beyond the very basics of carrying a rider? In other words, what are some of the subtleties of a good racehorse's training? A lot of the time it's basic riding skills, shortening and quickening stride etc but the real aim is to get them to respond as well to the rider as possible. They have to respond to being asked to quicken or shorten. Ultimately each horse is different and generally the rider changes a lot to suit the horse.
Do you worry about having them change leads during certain sections of a race? With stride length, is it all based off rein cues since the jockey doesn't really have any leg (or seat!) aids to work with? Thank you! To be perfectly honest by this point I'm just glad I have got them there, it's the jockey's job to make sure he gives them a proper race. If you watch a race you will see the jockey uses his entire body when quickening, they still use their heels as much as they can!
So it's basically all about speed control? Could you explain how jockeys signal for the changes? Watch this
You can see as they come round the corner the jockey is holding his hands in a way that the bit just makes contact with the horse and holds it steady. When they ask them to go faster they break that contact and the horse no longer feel the bit and are physically encouraged by the jockeys movement.
Where do you get the leprechauns used in horse racing? and how do you coax them to ride horses for you? I generally find them hanging around rainbows actually. I offer them gold.
Did you ever get to work with / alongside Kauto Star? If so, just how awesome was he in person. His last King George win brought me to tears, such an amazing, beautiful horse! Sadly no but I was always a great fan of his. Great looking animal he was!
When I was in Newmarket visiting some of the tracks I was told that horse racing began to decline in the community when corruption with gambling and the treatment of jockeys were made aware. Due to these dilemmas, the community no longer firmly supported horse racing because it did not contribute to the steady state of the community that they initially sought. Is there truth to this? Can you further explain? Thanks! I think that maybe historically that could be the case but less so in this day and age. Nowadays corruption is rare and much easier to detect, staff welfare is very important and they have their own unions which continually lobby for better conditions.
Would you rather train 100 duck-sized horses or 1 horse-sized duck? Come on.
One horse sized duck. Think of the eggs...
Have u ever met John McCririck and is he a douchebag ? Not a face to face introduction but have attended several events he's been at.
Can confirm. Is a douchebag.
I just purchased an OTTB here in the US...he has set osselets and his last race was this past January. Is it common to race a horse with known ankle problems? Nope. If it moves badly it doesn't race. Fluid, comfortable movement is one of the most important things in horse welfare.
Do your racehorses piss frequently, or is it just that when they do have to piss, they really have to piss and can't hold it in? Aww man. They piss a lot. And it's not pleasant either. Did you know, horses are unable to walk and piss. They just can't do it.
Horses like to piss at irritating times, unless of course we are being dope tested and they will absolutely refuse for hours.
Did you know, horses are unable to walk and piss. I don't think that I could either; it's an eitheor thing for me. You should try it. it looks hilarious.
Odd question, but have you ever had any luck teaching them to do their business in one particular place, like a dog, or do they go pretty much anywhere? I worked at a stable once, and there was an old stallion who would only "go" in one corner of his stall... Horses are weird. There is no method. Some are just mental.
What kind of preparation does the horse go through the day and night before a race? I've always wondered do horses ever have a terrible nights sleep or a bad travel to the course and that causes them to under-perform. Whats the most common reason a horse under-performs in your opinion? There is a few things that may happen. If the race is far away the horse may travel to the racecourse the night before. This is to allow it to recover to be in best condition as long travel is taxing to the horse.
If it's at home I will give it less bulky feed at it's morning feed. Just high energy protein generally. We will then jump in the box and drive to the racecourse to arrive a few hours before the race. I think travel is a consideration when considering under performing horses.
Most common reasons for underperformance... I'd have to say the ground. If the ground isn't to the liking of the horse it can have a real effect on the way they run the race.
What happens to mediocre horses after they're through racing? We try to rehome them just as well as the best ones. A lot of owners really care about their horses and take them back for their retirement. If nothing can be done sometimes they have to be put down which is always sad.
What's the best breed? Both for racing and in general. Well thoroughbreds. It's the only professional racing in this country and I think they look just great.
Would it be legal for you to bet? It is legal for me to bet on one of my horses to win. I can't bet to lay a horse. I believe Jockeys can't bet at all.
Edit: Word change...
Who's going to win the Derby this year? God I wish I knew. Aidan O'Brien's probably got a good shot with his thing. That man gets some class horses.
What kind of jobs are there in the racing industry? I have grown up with horses and would love to work with them professionally but unsure what is available really. Do you need racing experience to become involved in the racing world? Exciting to see a fellow Brit here :) Try this
My best advice is find your local trainer and offer to work on weekends. They may pay you but they might not. If you're lucky they will give you a chance.
Hi,I was a part time worker of japanese horse racing track.it was the easiest and well paid job I have ever gotten. do you have any ideas to improve japanese horse racing industry?or do you know any good japanese jockeys or horses? Hey there, I don't really know much about Japanese racing apart from it's got one of the best prize money returns! I think we can learn a lot more from you than you could from us.
When jockeys change weights, do they have to make up additional weights? If so, how are the additional weights attached on? They do indeed need to carry more weight. This done in the form of weight plates, these are made of lead and added to a special weight cloth worn under the saddle.
Do you get to go to the races with the horses you train? I try to go with as many as I can, either to lead up and groom or to saddle up. Sadly I don't have as much time as I used to but I still make all the effort to go. Especially for my favourites.
If you make it to Brighton, there's a load of redditors who meet up several times a week. Fantastic! I quite frequently go to Fontwell and Plumpton which are both nearby (kinda) haven't raced at Brighton though. I will have to alert the redditors next time I'm there...
BTW, Where's Shergar?? I will forward that question to Findus for you. They are good at hiding horses.
Is operant conditioning used in training, i.e. race with other horses and reward the horse when it wins? I wouldn't say it's used as a training method. If one of mine wins I always give it a little something extra and a few days off.
My potential future father-in-law was a horse trainer in his youth. What are some things I can learn about it for conversation topics? Perhaps a book or some similar resource so I can ground myself in some of the basics? Just start to follow racing a little, try and understand how it works. As for books I don't really know anything personally but some people are great fans of the Dick Francis novels which are based round horse racing however I can't say I have read them.
What does it take to train a good racehorse? Im yet to have a good racehorse, maybe I could let you know in around 30-40 years? I might find one by then...
But seriously some guys have a really good strategy, Nicky Henderson is always right up there on the Jumps side and Aidan O'brien recently has been incredibly good. I think the trick is to lots of wealthy owners!
Does the industry believe that sheikh Mohammed's investigation, that coincidentally cleared him of any knowledge of what was going on, was genuine? Who knows? I doubt Shiekh Mohammed would have actually turned to his trainers and said "Use drugs bro." I would imagine that the environment of pressure he puts on those who work for him is so great they feel like they have no choice.
that Dubai airlines flight full of drugs... that was just a coincidence then? Not at all, the drugs scandal has stuck very firmly to Shiekh Mohammed. He might well be guilty but I wouldn't know either way!
Were you just at the gold cup in Cheltenham? My wife is from (and her parents still live) about five minutes drive from the track :) Sadly not the Gold Cup! I went on Thursday for the World Hurdle and it was a really great day. Cheltenham is one of the best courses in the country and I really love that part of the Cotswolds.
What happens to foals who don't make the cut as racing horses? We try to rehome and retrain as many unraceable thoroughbreds as possible. However if nothing else can be done some are sadly put down.
I've won the last two grand nationals with 100 to 1 winners from random tips off strangers on the internet. So random stranger do you have a tip for me? I am not your random stranger my friend. Go with your system, pick a long shot for the national. Anything could win it.
As someone from Louisville, Kentucky, have you ever been to Churchill Downs? If so, what is your opinion on the track? It's one of the most known tracks worldwide because of the Kentucky Derby. Sadly no! But I am visiting Kentucky this time next year so let me know what I should do when I visit.
Do ya'll eat the horses when they are too old to race? What do you think I ate for dinner? Pizza?
(It was Pizza...)
Hi! You answered in another question that the horses know they're going round in circles, they know where the stables are and so on, but how well do they understand the concept of racing - i.e. how well do they know that the point is to be ahead of all the other horses at a certain place? Yeah some are better suited to different kinds of races. Some like to be in front all the way and hate to have other horses compete with them. Other like to slowly build from the rear of the field and then burst forward using their turn of foot. Others just plod along at the same pace and hit the line just right.
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Lay Betting: How To Bet Against Outcomes Betfair - Betfair Trading explained by professional trader Caan ... Betfair Basics: Back Betting Explained How Lay Betting Works On Betfair

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Lay Betting: How To Bet Against Outcomes

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