How the Key to Profit is Being Hidden From You | The Great Sports Betting Rip-off!
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- čas přidán 3. 07. 2024
- Over the many years that I have been betting for a living, I've learned that there is one key thing that determines your success over the long term.
But that simple thing is deliberately hidden from view when you look at the betting industry.
But worse than that, they double-bluff you by giving lots of different options to place your bets, making you pay more than you need. This means that you will almost certainly lose more money over time.
It's the biggest deception in betting!
00:00 - Introduction
00:55 - Let's go shopping!
05:15 - Why getting the best odds are so important
06:50 - How bookmakers actually work
08:44 - Shopping around
09:53 - How the industry is deliberately fooling you
#betting #sportsbetting #sportsbet - Sport
Well done Peter, keep up the great work 👏
Many thanks
Great video and a good insight into the whole business. I didn’t realise that these companies were so intertwined. I have to admit that I’m more often nowadays to use the Betfair Exchange. As an additional question, do you think Betdaq will grow now they are independent. The liquidity always seems low.
As someone who uses both I'd say you're better on the Sportsbook at the front of the market if you aren't too restricted as the commission wipes out any marginally better prices and you have BOG should your selection drift (again restriction permitting). The further away from the front you get, the bigger the discrepancy between sportsbook and exchange is. Just my experience anyway.
Unfortunately I'm restricted from most bookmakers accounts so I only have Betfair to choose from.
What an excellent psychological start to this video! Waitrose you are correct my eyebrows raised considerably.
Thank you.
Doing Gods work! Preaching at least for people who are ready to hear it! I think most people will go with the crowd and will only look at the surface and never question price or value seriously. Even the Betfair Exchage wrote an obituary for the bookie and then it became a bookmaker themselves with the exchange section there to see and people are still using it!!🤣😂 I think the Exchange is like a stock market made for "professionals" and the Sportbook is like a candy store for adults that offer bright colors, bonuses, boosts, dumbed down simple "fun" via variance and of course terrible prices. Lets not forget that even on the exchange only a tiny precentage of people make all the profits long term..
It feels like that, people just want to pick a winner. No consideration on price, and the big corporates know it!
As an extension to the supermarket analogy - the same bookmaker similarly offer the same (repackaged) product in different "aisles" at different prices. For example, Southampton to beat Arsenal today (exchange currently 7.20/7.40):
* Match Odds - 6.50
* Enhanced Match Odds (no promotions) - 7.00
* Bet Builder for "Southampton + over 0.5 goals" - 6.00 (and 5.80 elsewhere)
Correct Score markets in particular being brutal for unaware punters - one site offering 11.0 (over/under), 13.0 and 17.0 for 0-0 - all with a substantial margin over the exchange price of 20.0/21.0!
Y, I think that's a good angle also. I always start with a 30 minute video and try and trim it down a bit, so I did elaborate on pricing, but thought I may do that in another video.
I suggest taking the best price available with Best Odds Guarantee if you can.
Taking fixed prices without it can result in a shorter price than SP in the event of non-runners and rule 4 deductions.
Hi Peter absolutely 💯 brilliant betting in nut shell 👍
Thank you, always appreciate the positive messages.
hi Peter, thanks for your videos they are always great advisors. But I would like to ask you if you are doing a specific course on horse racing, or on sports trading ..... I would be your first customer 😇
We are looking to improve the content at the Academy over the winter. I'm starting to think it may be worth doing more detailed content on there and shorter content on CZcams.
@@betangeltv thanks peter for the reply, and i can't wait to see new content
Your voice is so sweet i can sleep during listening it 😅
make a vid how to flood money from bookie to xchange with less loss, tnx
Its the same as products you buy in shops, 80% of what you buy in the major supermarkets, or smaller shops, are actually manufactured, or owned by a the same companies. Nestle, coca cola, pepsi, kraft, mondalez, associated british foods, unilever, danone, kellogs, mars, general mills. So even if you detest the practises of any of these companies, your likely to be buying their other products without realising.
I think the cheeky thing about betting is that there is no real reason why you wouldn't offer a better price as it's already on their system. No other costs involed. It's a right old ripoff.
@@betangeltv 😆
Did you make a video on optimal covering strategy?
No, I need to do one.
Is there any odds comparison site worth considering or is it really the case that none of them hardly ever beats the odds at the exchanges?
Odds comparison sites are pretty slow to update and often behind exchanges as are most markets. But you can find discrepancies here and there. It's just a bit rare.
So how does this work with stake restrictions? If one company owns 2 brands can it share your betting patterns with itself ? Or are you covered with GDPR ? Oh man I have a headache now 😫
It all comes down to terms and conditions. But technically if a betting company is part of a group of companies it can share information.
@@betangeltv that'll explain why I lost 2 accounts in as many days then 🤔
Hellow sir..please help me how to find arbitrage for bet365 and Betfair exchange.please tell
How to Make Money from Arbitrage Betting, then take it to a whole new level -
czcams.com/video/H54ELCyiu_A/video.html
If I was to start a retail bookies I would just lay off on the exchange. Then promise no frills but the most legit bookie. That always pays out and doesn't ban winners. These days for retail that's uncommon. My full-timer is actually in marketing and brand positioning. I'm shocked the bigger guys don't adopt this but then again they have it made with their theatre versions of what a bookie is. lol
I agree this would be a great model.
But it seems most bookies are just too greedy and want people to lose money as fast as possible.
Ultimately that is why legislation is turning against them.
Just playing devils advocate , waitrose has essentials :) Also you did not mention the tote - it is fairly easy to bet on the tote knowing you will get a better price than "the bookies".
The Tote is a shadow of what it used to be. There's a large no of newer younger punters that don't really know about it or use it. Also these days you rarely get a much better price than sp.
@@MichaelWilliams-mo1vv I've seen where the tote price pays much less than say the exchange and yeah even at times the ISP
Brilliant explanation of horse prices never thought of it like that Peter 👍 I shop at Tesco when I'm trading better will shop at Waitrose 😀😀
Thanks, I look forward to your review of their baby leaf salad.
when u bet on betfair do you not pay a commission?
You do, but it's only 2% and if you trade you only pay commission on your profit.
hello I'm new in betting.....is Betting on Low odds good idea?
That approach is too generic. You really need to come up with a strategy of some sort.
Generally speaking people love to win, so they bet at short odds at that feels good. But, as a result, there is less likely to be value at short odds.
Is there anyone who can help setup automation?
Your best bet is to visit the forum, where there are loads of examples and help.
We don't have the resources to help people on an individual basis.
Sir , how can I find correct score
Not sure I understand the question?
Hmmmmm...How can a bookmaker look at Betfair to get an idea of prices when Betfair don't have any liquidity in their markets the evening before racing?
Betfair and bookmakers put up early prices for small money to tease out the smart money and prices. Betfair actually seed their markets to do this. But no one, including bookmakers, will offer large amounts early on as they will get picked off by sharp money.
At least on an exchange if you have discovered true value it's possible to put substantial sums on it. You just can't do that with a bookie.
@@betangeltv BF Sportsbook and Hills in particular may well use the early markets they put out before the others to use as early indicators. But you said in your video that bookmakers look at the exchanges before pricing up their markets? This can't be true as there are no prices to show (around 5-6pm the night before racing) on the BF exchange due to very little liquidity. I think bookmakers use their own tissue to price up a race early doors and only later when liquidity is much higher on BF are prices governed by exchange activity.
Betfair seed their markets with their own tissue prices. If you are smart there is money to be made taking these early prices. But there isn’t much volume.
Consensus in the industry is not to offer early prices on racing, regardless of who you are. As only the best prices get picked off by the sharp money.
@@betangeltv Ok, you've completely lost me! 'Betfair seed their markets'? On the exchange you mean? At what time are you talking about? There are no markets/prices/tissue on the Betfair exchange the night before racing at the same time the bookies price up at around 5-6pm - BFSB/Hills.
Seeding for small money kicks off opinion and activity. Bigger markets populate all by themselves some time out. Friday's Cheltenham markets have a variety of prices 24 hours or more out.
All betting establishments use early markets to find where the smart money is.
I'm very happy with a 5% commission.
basically just bet on the exchange for better odds, and no where else
More or less, yes.
"no odds to compare " ? Are you saying they were displaying fake odds ? I'm in the US so dont follow oddschecker.
The odds on offer were a bit irrelevant as they were all created on the same book and often the same pricing team. Also, exchange odds are always higher. So if you want a true comparison put up the exchange odds as the price leader, rather than hiding them and only infrequently updating them.
Say again?! 155 mil just for oddschecker?!
I know it’s mental. I don’t know what their earnings were but I guess it must have justified it somehow.
I know they charge an arm and a leg to be listed on the site.
But when you look at how much traffic it has, it doesn’t seem to justify the fee, especially given the nature of the market.
I remember waitrose in 1992 was the cheap supermarket.
Showing your age there!
100% dead cert Peter can afford Lurpak 😂🤣🤑🤑
British unsalted Butter from M and S £1.74
For me. 😎
It's called the illusion of choice. Same for car manufacturers, TV's, and so on.
Capitalism at its finest.
Fascinating isn't it?
You only earn Money _____when you have no Adiction
Thanks for all your videos Peter - such a wealth of information! I did wonder about who-owns-who as I suspected it was all under a few banners - Oddschecker was a surprise!
Y, it always feels a bit uncomfortable to me that there is no independent comparison site. But there, there isn't really a need for one.
hello betangel you are the most legit Betfair trader I have seen so far, am not saying this to make you feel good but it's just the hard truth, and also can a person automate an under 2.5 goals strategy with betangel
Many thanks for your comments.
Unfortunately, most people are here to exploit people who want to bet or trade profitably, rather than really help them. Sad but true.
Yes, you can automate pretty much anything you want to do with Bet Angel.
Visit the forum for lots of examples.
Why did they pay so much for simple odds comparator "Oddschecker" ? :)
I've no idea, I couldn't believe it. I mean, it's not a great idea anyhow, but I guess the earnings must have justified it! Amazing price for a service that can't really offer much value add.