Originally Posted by wesmip1

A mathematical certainity of getting a good value bet and making a long term profit.

This works and it works well.

Bet for a place any horse that is over $3 and the place is showing at least 60% of the win value .

For example The horse is showing $4 for the win and you can get $2.50.
$2.5/$4 = 62.5%

Bets :1107 (Over 16 months)
Return : 1309
Placings : 677

This is something worth automating and just leaving to run against betfair where the odds are fixed. It won't work against the TAB as the prices can change after the race starts and placing prices tend to tumble if a large bet is placed on them.

If you could clear $100 a bet you would easily be making $1200 a month which is nice pocket money ... Can be used on any race anywhere in the world as well so you could be making at least 3 times this amount a month ( roughly $43K a year )

I say good luck to anyone who wants to do it as If you automate it and it gets a bug at $100 a bet you would not be too happy if you didn't notice it for a few hours ....

I used to do this manually and made a killing with it but it required me to sit in front of the computer which is not something I can do all the time.

Good Luck