1. #1
    Martinr
    Martinr's Avatar Become A Pro!
    Join Date: 07-08-13
    Posts: 529
    Betpoints: 21

    Overlays

    These will almost exclusively be in the U.K. and Ireland. They will mainly be 50% or better chances based on my own markets.
    Staking is Kelly x 0.25, based on my perceived % chance of the horse winning and the generally available online price.
    I use Betfair where liquidity often isn't high enough until 1-2 hours pre post, but the majority of these will shorten and SP will often be below the price posted, so best to bet as early as possible if following.
    Starting with a 100pt virtual bank and using the price I take -5% commission for recording purposes.



    Chepstow 13:35
    Ice Cool Champs
    need: 1.45 (69%)
    available: 2.66 Betfair exchange, 2.10 - 2.25 generally elsewhere)

    bank: 100
    stake: 10.36% (Kelly (41.44%) * 0.25)

    bank: 89.64.
    Last edited by Martinr; 12-08-17 at 10:46 PM.

  2. #2
    Martinr
    Martinr's Avatar Become A Pro!
    Join Date: 07-08-13
    Posts: 529
    Betpoints: 21

    Aintree 11:55
    Midnight Shadow
    need: 2.00 (50%)
    available: 3.50
    stake 7.50

  3. #3
    Martinr
    Martinr's Avatar Become A Pro!
    Join Date: 07-08-13
    Posts: 529
    Betpoints: 21

    Sandown 13:45
    Finian's Oscar
    need: 1.92 (52%)
    available: 3.00
    stake: 7.00

    3 good overlays in one day is uncommon. There can be a week or more when there are none.

  4. #4
    pabonaparte
    bobbywaves aka the chosen one
    pabonaparte's Avatar Become A Pro!
    Join Date: 01-21-16
    Posts: 3,400
    Betpoints: 593

    Do you know how much tax a U.K. resident would have to pay on Betfair winnings if all of his play was highly +EV and he plays horses only?

  5. #5
    Martinr
    Martinr's Avatar Become A Pro!
    Join Date: 07-08-13
    Posts: 529
    Betpoints: 21

    Quote Originally Posted by pabonaparte View Post
    Do you know how much tax a U.K. resident would have to pay on Betfair winnings if all of his play was highly +EV and he plays horses only?
    Gambling winnings in the U.K. are generally not taxable. If someone is using gambling as their sole source of income and declaring it as such, it may be different but would be pretty easy to avoid if someone wanted to.
    If you mean how much commission would be paid on Betfair winnings (to Betfair), then it varies. 4.9% is the base rate, which is discounted depending on how much commission is generated.
    Betfair's Premium charge kicks in if the account is profitable (lifetime) and if the commission generated equates to less than 20% of the profit. That can get problematical and it's a bit complicated, but it usually only applies to high volume traders.



    Bank 75.14

    Cheltenham 12:10
    Summerville Boy
    need: 2.00 (50%)
    available: 2.75 (currently only available at Paddy Power and will likely shorten to 2.50 -ish shortly)
    stake: 5.35

    bank 69.79

    also looking at 13:00 Doncaster (Stowaway Magic) but need slightly better odds.

  6. #6
    Martinr
    Martinr's Avatar Become A Pro!
    Join Date: 07-08-13
    Posts: 529
    Betpoints: 21

    Bank: 69.79

    Navan 12:50

    Cracking Smart
    need: 1.96 (51%)
    available: 2.80 Betfair exchange. (2.60-2.75 elsewhere)
    stake: 6.00

    Bank: 63.79

  7. #7
    Martinr
    Martinr's Avatar Become A Pro!
    Join Date: 07-08-13
    Posts: 529
    Betpoints: 21

    Bank: 56.79
    _________
    Catterick 13:20

    Impulsive Star
    need: 1.66
    available: 2.30 (Betfair exchange. 2.10/2.20 elsewhere)
    stake: 7.30
    _________
    Bank: 49.49

  8. #8
    Martinr
    Martinr's Avatar Become A Pro!
    Join Date: 07-08-13
    Posts: 529
    Betpoints: 21

    Bnk 49.49
    ________

    Ludlow 13:55
    Tell It To Me
    need 2.00 (50%)
    available: 3.50 (B365)
    stake 7.50
    _________

    Bank 41.99

  9. #9
    Martinr
    Martinr's Avatar Become A Pro!
    Join Date: 07-08-13
    Posts: 529
    Betpoints: 21

    Bank: 41.99
    __________



    Leopardstown 14:20
    Death Duty
    need: 1.92 (52%)
    available: 2.75
    stake: 6.00


    Wincanton 15:15
    Jessbers Dream
    need: 1.66 (60%)
    available: 2.37
    stake: 7.50
    ___________

    bank: 28.49

    Not included here because I'm keeping this thread for circa 50% chances but I'm fairly sure Bristol De Mai is undervalued in the King George VI (15:05 Kempton) at the widely available 7/2 (4.50) quote.
    Last edited by Martinr; 12-25-17 at 01:37 AM.

  10. #10
    Martinr
    Martinr's Avatar Become A Pro!
    Join Date: 07-08-13
    Posts: 529
    Betpoints: 21

    Bank 28.49
    _________

    Cheltenham 13:25
    Willoughby Court
    need 1.96 (52%)
    available 3.00
    stake 7.00


    Catterick 14:10
    Paper Roses
    need 2.00 (50%)
    available 2.75
    stake 5.00
    ___________

    Bank 16.49
    ___________

    Edit:

    +

    Catterick 12:25
    Dieg Man
    need 1.44 (70%)
    available 1.53
    stake 3.35
    ___________

    Bank 13.14
    Last edited by Martinr; 01-01-18 at 05:39 AM.

  11. #11
    Martinr
    Martinr's Avatar Become A Pro!
    Join Date: 07-08-13
    Posts: 529
    Betpoints: 21

    Bank 18.25

    Plumpton 13:35

    Harefield
    Need: 1.43 (70%)
    Available: 1.95
    Stake: 9.60

    Bank: 8.65

Top