Each Way Value Betting - Day 1

To kick off this diary I will be road testing an Each Way Value proposition that is generating a lot of interest on matched betting forums online and on Facebook. So to start off with this is not a matched bet as there are no lays involved but it is about trying to find horses where the exchange odds are similar to those of the bookmakers. The best tool to use for this is available to premium members of the matched betting site Oddsmonkey and is their Each Way Matcher.

So before I start I need to set myself up with an indicative bank to use solely for this and work out what my staking plan will be. So I have decided to start off this bank at £100 and for a baseline a stake of £5 would only be applied to any event where odds are 1/2 or 1.5. From there I can extrapolate a stake to any odds that may apply. The following graphic will show my initial staking plan round to the nearest 10p for each set of odds.


I have set this up so that I can just update the bank each day and get revised figures for each bet which in effect looks to return 8.5% - 10% of my bank should a selected horse win. 

On Oddsmonkey I have set the rating to be applied at 95% so that I can get plenty of close selections during the day and a minimum back odds of 5/1 or 6.00 for events starting in the next 12 hours. (I don't think the timeframe makes much difference to be honest.

So yesterday was the first day and we had 14 bets during the day which yielded 2 winners and 4 placed horses. 

Winners:

12:30 Southwell - Samovar @ 10/1
14:50 Ascot - Muchly @ 14/1

Placed:

16:25 Ascot - Robin of Navan @ 25/1
19:25 Brighton - Maazel @ 15/2
19:35 Bath - Gendarme @ 14/1
20:10 Bath - Aegeus @ 6/1

So with the staking plan we had stakes from 20p e/w up to £1.25 e/w which resulted in a profit for the day of £6.36. So for Day 2 we will adjust our bank to £106.36 and see how it goes from there.

Location: Spalding PE12 6QD, UK

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