How to profit on horse racing arbitrages
Horse racing is one of the world’s most popular sports to bet on. You can earn a lot of money betting on horse racing – that is betting on horse racing arbitrages. We’re not in it for the thrills are we…
Here are 3 reasons why you should bet on horse arbs:
- Fast profit. A horse race doesn’t last very long meaning you can quickly reinvest your earnings.
- Arbs all year around. Horse racing is an all year round sport.
- Easy betting procedure. RebelBetting AutoSurf technology helps you place bets in seconds.
One of the best things about betting on horse racing arbs is that you are able to make a fast profit. A horse race doesn’t last very long, usually just a few minutes. Compare this with any other sport and you can easily see why horse arbitrage betting is essential for anyone who is serious about making money from arbitrage betting. Since a race finishes off so quickly, you can easily reinvest your earnings again and again and again.
How to bet on horses in RebelBetting
The first thing you should do, if you haven’t already done it, is to subscribe to RebelBetting Pro. Horse racing arbs is exclusively for Pro users.
Now, let’s continue with the basics of how to bet on horse arbs in RebelBetting.
To benefit from horse racing arbs you need to do Lay betting. Lay betting is a kind of bet where you bet on the horse (or team) not to win. With a regular bet (also known as a back bet) you bet on the horse(or team) to win.
Since a horse race usually contains 6-8 horses and jockeys, its almost impossible to cover all the outcomes of the race by betting on all horses to win, as regular arbing with back betting would impose. This is when Lay betting comes in handy. What you do is that you back a horse to win at a bookmaker and lay the same horse at a Betting Exchange. By doing this you have effectively reduced the outcome of the race to two. Read more about the basics of Lay betting.
A Betting Exchange is a betting platform where you bet against other customers – not against the Exchange itself. Example of Betting Exchanges is Betfair, Matchbook, Smarkets and Betdaq.
Enable horse racing in RebelBetting
Once you have registered and funded your Betting Exchange and a few bookmakers, you are ready to start earning money on horse racing arbs. Next step is to start RebelBetting and customize your filter settings. Make sure you have selected to show horse racing arbitrages (see video below).
Check out the RebelBetting manual for more information about different types of filters.
Time sensitive arbs
As you know, an arb doesn’t stay around for very long – usually just a few minutes, perhaps an hour or occasionally longer. The time sensitivity is particularly noticeable when it comes to horse racing arbs. The odds shift very quickly, especially close to the time when the race starts. This is also when you’ll find the most horse racing arbs.
Quick betting procedure
With RebelBetting you will be able to catch a horse arb even if it’s short-lived. When you bet on an arbitrage, RebelBetting opens up a betting window, many times automatically logs you into your bookmaker accounts, finds the correct match and adds the bet to betslip. The only thing left for you to do is to verify the information and place the wager.
The video below shows you an example of a horse racing arb with the bookmaker William Hill and the Exchange Betfair. The arb details panel to the left gives you all the details you need to be able to place your bets. You can adjust stake as you wish and the arb calculator will suggest how much to bet on both the Exchange and the bookmaker.
Good to know when betting on horses
Betting Exchange commission
The Betting Exchanges charge a commission when you bet. In the RebelBetting software, you set your own commission percentage (under Options/Bookmaker Setup). When you do this, all arbs with that exchange will be re-calculated instantly. If you, for instance, set your commission percentage at Betfair to 4.8%, and you see a 3.1% arb with Betfair, it is, in fact, a 3.1% arb (as the commission is automatically deducted by the software). Note that different Exchanges have different commission structure.
In order to make the most profit from horse racing and all forms of arbing where there’s an Exchange involved, you should pay attention to when 0% commission is available at the Exchanges. Matchbook is particularly good at offering 0% commission on horse racing for limited time periods – don’t miss these opportunities.
Horse racing rules
There are some horse racing rules to be familiar with when betting on horses. Tattersall’s rule and Dead Heat rule. Tattersall’s rule applies when a horse is withdrawn from the race before start. Dead Head rule applies when two or more horses are deemed winners. Note that horse arbs in RebelBetting are always between a regular bookmaker and an exchange. These rules generally don’t affect your arb since you back and lay the same horse.
Horse racing odds in RebelBetting
There are different types of horse racing odds, the most common markets to bet on are; win, place and each way. In RebelBetting you will see arbs involving the win market only.
Horse racing bookmakers
So far, these bookmakers and exchanges in RebelBetting support horse racing:
…and we’ll add even more. Stay tuned for future updates!
Curious to try it?
If you’re interested to try out horse arbitrage betting you can get a trial week subscription of RebelBetting Pro for a low cost. Subscribe to RebelBetting Pro and access horse racing arbs, middles, exclusive bet broker 3et and much more.
If you have any questions or want more tips – just contact us.