Value Betting without being Banned

Value betting on any sport whether it be football, horse racing or tennis is something that will likely get you banned for life. However, in this video using Betconnect and OddsMonkey I share with you a betting strategy that may allow you to complete these bets without getting banned.

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[robertthane]

Good idea in principle, was going to adopt this using EWS.Just a couple of flaws IMO. First one is you have no guarantee of getting your bet matched at the value odds, and second only pays 1/2/3 places whereas some of the value will come from the additional extra places being offered by some bookies. Might come in really handy for users who are heavily stake restricted though and have no other option I guess.

[djpersonalspace]

If you were getting an arb through bet-connect, why would you not go into smarkets and lay it as well? Then surely you're guaranteed a profit?

[Hazlitt]

@profitboss Very interesting! How many bets have you backtested this strategy with? My first thought about this strategy is that odds drifting might cause a problem. I do know that odds drifting on my value bets isn't a problem since they drift equally in favor as they can drift against me. Since 100% of my bets are placed I'm in the green either way. However, when you're talking about bringing the human element into this equation my fear is that the value bets that drift in favor won't get placed and the odds that drift against you always will get placed. So what's your average return per bet doing this and does that return correspond to the initial value that you calculated with you first placed the bet?

[steve-martin-]

When value betting and using a service is there a strategy for selecting bets offered or is it just a case of doing MANY bets?

[SamA-zlbp]

Hi, so is odds monkey the the cheapest software I can use for value bets. I have been doing it manually for about 4 weeks but I'm only finding say 5 to 10 a day on horses so I need help.

[davidnuttall]

Do you have any stats to back up your claim that value betting will be profitable in the long run?

[alanhaynes]

If you back a horse at odds of 2.0 perhaps 3 hrs before the race and it’s exchange price is 1.95, you might think you are getting value, however the price drifts to 3.0 by the event start time meaning you are getting very bad value. How do you counter this?

[Jack-ucly]

would an exchange have a reason to ban anyone?