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Step 4: Lay your horse on Betfair so that no matter where your horse comes you have an equal return. You can approach this in a couple of ways. You can use a matched betting calculator to work out the amount you would need to lay to gain an equal profit.

Unless the odds are higher at the bookmaker which is unlikely then you are going to have a small loss of placing this bet.

As will be shown below you are gaining a large mathematical advantage by placing this bet. We can use the odds on Betfair as the best approximation of the chance of a horse winning or placing.

Expected value is the average amount of money you would expect to make if you were able to place this bet hundreds of times. If this all seems a little complex, you can use a matched betting overs calculator to quickly work out all the maths for you.

You just need to know the Odds at the bookmaker, the lay odds at Betfair and the place lay odds at Betfair. The corporate bookmaker margins are usually too high at this point in time.

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Home Learning Racing Sports Resources. Author Bonus Money. You need to learn how to match bet. The What Every day of the week bookies fight for your betting dollars.

You can scan between the bookie and Betfair to see which horses odds closely match. It highlights for you the horses that odds most closely match with Betfair Step 3: Back your horse at the bookmaker Back your selected horse at the bookmaker.

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