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BET MANAGER EXAMPLE
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Below is a screen shot of the top part of our Easy Form. Notice 4 main prices:- HRT Win, TAB, Fixed & Exch. These are our rating and the real time market prices. There is also a 5th price Risk Manager not displayed which is a secondary check on our HRT rating.  Apart from the TAB pricing, all these prices are used before making a Betting Exchange recommendation. Notice the 3 Betting Exchange actions recommended, one Back and two Lays.  These recommendations occurred because the 4 prices met a user-definable criteria (overlay & underlay percentages etc).  In the example (about 5 minutes before the official race start time),  Happy Talk was the recommended Back. Since Happy Talk won the race,  there was a return of $217 ie $111 + $6 for the losing Lay bets and a profit of $100 on the winner (assuming we did not get better odds - it is more than likely that the odds recommended were easily exceeded).  Total exposure was $104 (Maximum Lay $94 + $10 bet) for $217 - a good profit. It's as simple as refreshing the screen to check the next recommendation. 

PR08

  

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ASCOT

Cls 6 (Y5)-B

18:48 F&M Hcp (C6)

1400m Distance

Fast


MARKET ESTIMATE: (WR08) 01, 02, 05, 10 [12, 04].

No.

Horse

Codes

RPos

Form

Bp

Trainer Jockey

Wgt

Place

HRT Win

TAB

Fixed

Exch

Bet-

Manager

01

MISS CASTAWAY

xdr

P:+1

3112

2

L SMITH MS J VALAS

57.5

$ 1.50

$ 2.40

$ 2.20

$ 1.80

$ 1.85

$111

[1.9]

02

RUBIDERE

xr

M:0

5143

9

M L VICKERS P KNUCKEY

55

$ 2.50

$ 5.60

$ 7.00

$ 6.00

$ 6.80

-

-

03

ANNANONS GIFT

10x1

0

L SMITH -

54

SCR

SCR

-

-

-

-

04

TRIBELLA

M:CL

x687

3

N D PARNHAM S PARNHAM

53.5

$ 4.50

$ 11.40

$ 9.40

$ 13.00

$ 24.00

-

-

05

HAPPY TALK

d

M:CL

9715

7

V A BROCKMAN W PIKE

53

$ 3.00

$ 6.90

$ 13.40

$ 10.00

$ 15.00

$10

[10.9]

06

LUST FOR DUST

x443

0

P D TAPPER -

53

SCR

SCR

-

-

-

-

07

SEYMOUR MIST

X:?

1772

8

G C BALLANTYNE J WHITING

53

-

-

$ 9.20

$ 15.00

$ 13.00

$6

[16.4]

08

CODED

M:?

0914

1

S J ROWE S O'DONNELL

52.5

-

-

$ 9.50

$ 13.00

$ 12.00

-

-

09

CONCERTATA

4x57

0

I J THOMPSON -

52.5

SCR

SCR

-

-

-

-

10

NIQUITA MISS

P:-1

5400

4

S R IMBERTI B ALBUINO

52.5

$ 3.50

$ 8.60

$ 57.60

$ 34.00

$ 27.00

-

-

11

SKY STORM

d

M:0

3706

10

M STORER P KING

52.5

-

-

$ 24.30

$ 51.00

$ 60.00

-

-

12

CALICE

F:?

8x47

5

MS D THOM MS J ROESLER

52

$ 3.50

$ 8.60

$ 35.70

$ 21.00

$ 60.00

-

-

13

LOMAS BAYAS

B:0

37x9

11

R J SAYERS J BROWN

52

-

-

$ 13.10

$ 21.00

$ 21.00

-

-

14

MRS JOHNSON

B:-1

4x58

6

MS S BECKETT J HUSTWITT

52

-

-

$ 42.20

$ 51.00

$ 80.00

-

-

15

RUN RONNIE RUN

2155

0

G F DURRANT -

54

SCR

SCR

-

-

-

-

16

RUMOURED

43x6

0

N D PARNHAM -

52

SCR

SCR

-

-

-

-

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Notice that Tribella had a HRT rating of $11.40 and the Fixed odds were comparable at $13.00, however, the Exchange was $24.00 and no bet indicator was displayed. This is because Risk Manager checked other parameters and decided it was not a suitable bet. 

FAQ

1. Why does it not show Lay bets when a Lay should be available (when checking the Exchange market provided)? 
This could be due to risk manager not allowing the Lay or more likely because the Exchange Lay market does not show a possible match. Note that the Exchange market on show is the Bet market and not Lay market. 

2. Is the market re-adjusted for Late Scratchings?
We do a batch update every 90 minutes and pricing is recalculated at this point in time. However, horses do get scratched from the stalls to the barriers resulting in unexpected scratchings 10 minutes or sooner before the race. Bets and Lays placed prior to the scratchings are not disadvantaged as a fair adjustment is made, however, since our market will still include these type of Late Scratchings after they are scratched, the Bet Manager betting process should be voided. Phase 2 will have this as an automated process.

3. Does Bet Manager take into consideration the commissions that need to be paid to the Exchange?
No, this needs to be removed from your target margin (currently fixed in Phase 1).  It is not straight forward as most take the commission on net profit, so the more horses you bet in the same race, the lower the commission on turnover.

4. A Bet or Lay possibility is displayed but the odds don't exist, What is happening?
There are various reasons why the odds no longer exist when you look, for example you are too slow, changed bets, cancelled bets, bets matched prior to display etc. For whatever reason, just refresh the screen and start monitoring again.

5. Horses slightly out of the market just don't seem to be winning, what can be done?
Unfortunately Phase 1 has set rules, but in Phase 2, you will be able to set what odds you want to bet on. In the meantime, set your own limit ie "don't bet on horses where bets are less than $20".  However, bear in mind that if you are betting around $10 a horse, you are looking for a win every 10 bets plus a margin of 20% minimum on that winning bet, that is, on average lose $100, win $120. 

6. What should the target amount be?
This is fixed in Phase 1 at $100, but will be customisable in Phase 2.  We recommend your bank to be 50x your exposure, so in Phase 1, your Bank should be $5,000. There is no reason why you can't bet 1/2 or 1/4 of what we suggest and eliminate the bets under the Exchange minimum bet. HRT encourages responsible punting, do not bet with any Bank unless you are prepared to lose it. 

7. There are multiple Lays recommended in a race - do I need to Lay all of them?
No, you make the final decision to make any bet we just provide the best information possible.  However, the more different horses you Lay in the same race, the less your exposure. 

8. Should races with horses with 'no form' be avoided?
It is always best to avoid any races with horses with 'no form'. However, a couple or less may be acceptable to you. We have some very basic rules in Risk Manager to allow for horses without form. If you choice to bet without Risk Manager, then you do need to be careful (Phase 1 Risk Manager is on). 

  

 


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