As some of you already know, I have been monitoring a new Greyhound backing strategy.
I have been trialing this since the 19th December 2022. It has produced a profit every single day except for one day the 20th December when it only achieved a winning strike rate of only 16.2%.
Here are the winning strike rate percentages to date:
A daily profit of £30 has easily been made on every day, (while being trialled), except for that one day.
Each day the trial has begun from the first race up until 9pm, as long as I have all the data I needed. You don’t have to use betfair to place your bets and you don’t need software to place your bets, but it does make it easier.
Now this is “back betting” so the risks of losing lots of money like you can in “lay betting” is gone. You also don’t need a big starting bank, I would suggest £200 as your starting bank.
I would also advise you to set a daily profit target and when this is reached, stop for the day. In the 10 days this has been trialled it has hit the daily profit target of £30 on 9 days out of the 10. We all know that we are not going to win every single day of the year. But, if we can make a £270 profit every 10 days, then who can complain?
From our website we are going to need the greyhound tips from Racing Post and Betfair/Coral and our own greyhound points. We don’t need the tips from Sporting Life this time.
Looking at the image above.
I have added the colours to make it easier to explain.
Reds are not a match, Greens are a match.
We have to have both Racing Post and Betfair/Coral to match their win prediction and also the points have to be the maximum allocated.
Perry Barr 19:16 Trap 3 has the maximum points. Trap 3 is selected by Racing Post but not by Betfair/Coral = No Bet
Hove 19:18 Both Racing Post and Betfair/Coral select Trap 4 but it does not have maximum points = No Bet
Monmore 19:24 there is no match at all = No Bet
Sunderland 19:26 Trap 3 is the greyhound tip and is tipped to win by both Racing Post and Betfair/Coral and it also has the maximum points = Matched Bet.
*Update 08th November 2023*
Nearly a year since I introduced the new Greyhound Backing Strategy and it is still proving to be profitable.
Yes, of course we have losing days, but overall we hit the profit target of £30 most days and on the winning days, it is possible to recover any previous losses.
Yesterday 08th November 2023 was a typical profitable day. (See Screenshot below)
Starting off with 2 winners which gave a profit of £10.65. Using the Fibonacci staking plan with an initial £3 stake which increases following a loss. (Example image attached).
Then we had 4 losses and you can see that after each loss the amount we bet increases, we know that a winning bet is just around the corner. Sure enough then we have our winning bet and our profit increases.
You can see on the attached screenshot of the bets that were made and the sequence of how each greyhound tip was placed.
We would have stopped betting normally for the day when a £30 profit was reached and yesterday this was met at 19.44. However, if you had carried on until the last race you would have finished at £36.72 profit. When the profit target was met yesterday we had a winning strike rate of 33.3%
The Racing Post, Sporting Life, Betfair averages between 24% to 26% winning strike rate. Our own greyhound tips average at about 28% winning strike rate.
This is where our greyhound racing tips strategy comes into its own, we match the best tips from Racing Post and Betfair combined with our own unique greyhound points to get the very best Dog Racing Tips.
What does that mean?
If the Racing Post and Betfair both tip the same greyhound to win a greyhound race and we give it the most points then that greyhound is our tip to win. You will notice for instance; under Racing post tips there are numbers for example 246 the number on the left number 2 is their tip to win that race, they think number 4 will be second and they think number 6 will be third.
So both Racing Post and Betfair must both pick number 2 and we have to give it the maximum points, then if this happens, then that is our greyhound racing tip.
Now we have made it even easier, because all of our greyhound tips are pre-selected. On the website we have an excel sheet that can be viewed online or downloaded. On the sheet all of the pre-selected greyhound daily tips are highlighted in green.
That’s now 10 huge profitable days out of 11. Testing and monitoring of this strategy is ongoing but it looks good so far.
Today is the 31st December 2022, so there are not many races and the last race is at 17:22.
Tomorrow there are not that many races either. Will continue using this system into the new year properly from the 2nd January 2023.
The Staking Plan
Looking at the image above.
This is using The Staking Machine (TSM) I like to use this software because it guides me into using the best staking plan for my greyhound bets.
This was from 28th December 2022 where we had a quite low winning strike rate of 37.5% for the day.
However, remember I am only looking for a £30 profit for the day.
I chose to use the staking plan “Fibonacci” but I could have used “Pro” or “Rolling Doubles”, in fact there were quite a few staking plans I could have used here.
You can see at the 22nd race, at 15:58, I would have stopped and took my £30 profit for the day.
These were the actual matched bets for this day, a possible 40 bets were found for this current session. It would have been possible to have made a back bet on each greyhound race, and finished the day with a profit of £50, but there is no guarantee it would have finished in profit. I prefer to choose a profit target and stick to it.
The way this Fibonacci staking plan worked on this day is; The first 4 bets lost, the first bet was for £2 so the software says the next bet will be £4. The next bet again increases to £6, still no win, but we know there is a win just around the corner. The next bet, our 4th bet increases to £10, still no win. But, our next bet now increases to £16. Then we have our winner and the Fibonacci staking plan, now resets and we now select our next greyhound tip and place a bet with a £2 stake.
This staking plan we were using a starting bank of £200 and the average win worked out at a win every 2.49 races.
The next screenshot above is from the matched bets from the greyhound racing tips 29th Dec 2022. You can see we cashed out after the 20th race with a profit for the day of £32.29.
If you are using BetBotPro (BBP) to place your bets for you, these are the settings I use. You can change these to suit yourself. On these settings you can see there is a stop/loss set at £50, but I have now increased mine.
As with all betting, you should only bet what you are prepared to lose. I know that there are going to be losing days, But, I hope the winning days will be more than sufficient to cover any losses.
I also know that the Racing Post and Betfair have an average winning strike rate of 26% and 25% with their greyhound tips. So this should mean they get 1 winner in every 4 races. But by being selective in our bets like this, and by using the greyhound points we have increased the average winning strike rate to over 40%.
We can see that on a losing run, we know that there is winner just around the corner. It just depends on how much you are prepared to spend on find this winner.
In the images above, these are my bets for 16th January 2023, using BBP to place my bets. You can see on the first image I won my profit for the day on the Perry Barr race Trap 2 Jaxleg Eacram.
I decided to let the bets run and won £242.25, it went to quite a large stake but it just goes to show that there is that winner, just around the corner.
I am not suggesting you place such big bets. It is better to aim at smaller profits and build your bank.