The Minimum Wage Bet
Well heres a cunning plan that has set me thinking.
Make £140-£280 a week virtually risk free.
With the minimum wage at about £5.50 an hour you will get just over £200 a week before tax for working 40 hrs.
So here a way to make the same sort of money in a lot less time.
You have probably noticed that when a race is 'In-Play' the odds change as the race progresses. just before betting closes the winner moves to odds of 1.01. Betting £100 at that moment will give you a £1 profit. Now there were 3 meetings available when I checked this out, thats 20 races or £20 for about 3hrs work. On a weekend we could double that to 40 of more races.
OK so you have probably already seen the downside. Its a 101-1 bet!. And it will take nerves of steel to risk that for most people.
Look into it a bit more though and it may be viable. Only bet when there is a clear favourite near the end of the race (and I've seen 1.4 and lower available hours before some races and they dont always win). I have yet to see a 1.01 horse not win and with an automated bot placing your bets it may be a nice little earner. (I guess that there are bots out there already because if you watch the odds change as soon as it its 1.01 there are a couple of thousand pounds suddenly available on the backing side).
I did do a test and although I didn't get matched in a few races I also didn't lose. It also upped my heart rate so maybe I could sell it as a fitness aid like aerobics!.
Anyway. Watch the space!!
Here is some further reading
http://www.flatstats.co.uk/ppp/viewtopic.php?t=3961
http://www.online-betting-guide.co.uk/forum/topic29_9040.html