Even If You Know Pricewise Tips, Probably You Are Not Aware Of The Technique To Lock-In Profit From It. We Will Show You Step-By-Step Instruction On How To Do It.
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What Is Pricewise Tips?
Pricewise is a nickname given to very popular & respected horse racing tipster Tom Segal (the above image). Tom is famous for picking out a great value longshot, which attracts many followers. He publishes his tips – called Pricewise Tips in Racing Post, a very popular racing publication every Friday for Saturday racing. Since bookmakers are aware that punters will bet on Pricewise Tips Selections, after Pricewise Tips are published, they push down the odds of the horses Tom selects. 
The Racing Post have the headache that their publication of the odds of Pricewise Tips will be outdated by Saturday morning – the racing day. Means, both Pricewise Tips & The Racing Post lose value for the readers. The Racing Post is a Paid Subscription Service.
What Is The Opportunity?
Given the situation, The Racing Post & influential major bookies agreed that for ‘The Pricewise’ as a bookmaker-supported tip service, the morning papers would display odds which would be acknowledged by bookmakers as close to a race as possible in shop. In accordance with this practice, the bookies revert back to the advertised odds in their online odds as well. It means you can get the price Tom picked & announced in the Racing Post for very limited time, usually 10-15 minutes in Saturday morning. This will create massive price boost opportunities where you can lock-in a profit.
List Of The Agreed Bookmakers & Specific Time Schedule
- Bet365 – from 8:30 AM both Internet & Phone, no set time limit but usually 10-15 minutes
- Betfair Sportsbook – from 8:30 AM (9:00 AM on Sunday), no set time limit but aim to accommodate as many customers as possible
- William Hill – from 8:30 AM (9:00 AM on Sunday) for Online, 9:00 AM for Retail Shop, endeavour to hold our prices for as long as possible
- etVictor – 8:30 AM
- Betway – 8:30 AM
- Boylesports – 8:30 AM both Internet & Phone, no set time limit to any price, however, subject to liability management
- Betfred – 9:00 AM for 15 minutes between Monday to Saturday, (10:00 AM for 15 minutes on Sunday)
Note
Ladbrokes & Coral no longer honor odds in 8:30am printed papers from last weekend of Oct 2017 (news source). And see the Update – Last Week of Oct 2017 at the bottom of this report for how to deal with the new circumstances.
How To Lock-In Profit from Pricewise Tips – Specific Process
Firstly, we don’t do gambling but do advantage plays to beat the bookies. When it comes to the Sports Betting / Horse Racing, we use Matched Bettingto extract profits from various opportunities provided by the bookmakers. We employ many customized tactics to get maximum return from each offer. Priceboost of Pricewise Tips Selection is the one we use matched betting.
It’s extremely simple to do. Just follow the below process;
- Pricewise Tips are mainly on big racings televised on ITV, which are usually on a Saturday and Sunday. Tom’s tips are released at 8:00 PM in the previous night. Means, at 8:00 PM Friday Evening, you can check Pricewise Tips to find the Horse, Race, Odds, & Bookmaker Selection.
- Saturday Morning, access to the subject bookmaker site before the time they promised in the above list, 8:30 or 9:00 AM depending on the bookie. Check the current price and prepare for the reverting back to the advertised price.
- At the same time, access to the Exchange to see if the current lay odds & the bookies advertised price will create the arb condition. Means, the lay odds is lower than the back odds which will ensure instant profit.
- When the bookie revert the price, move quickly to back at the bookmaker & lay at the exchange to lock-in the profit. If you’re not familiar with this matched betting process or enhanced price process, go How To Lock-In Profit on Enhanced Bets / Odds Boost with Matched Betting;
Let me show you the exact process by using the real example;
1. Get the Pricewise Tips
As said, this is a paid service of The Racing Post, if you’re willing to pay, then go for it. Alternatively, you can often see a few people who must subscribe the service posting the Pricewise Tips in Twitter. It’s not guaranteed that you can get such information every week. But worth checking https://twitter.com/hashtag/pricewise?lang=en, it is shown like below;
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Or, Oddsmonkey as a Premium Matched Betting Paid service, share the Pricewise Tips every Friday. You will find further details in Oddsmonkey Review – List Of Competitive Edge Over Rivals Testified By The Founder.
2. Check The Bookmaker Odds
Let’s use the above example of “Juanito Choco” at Newmarket 14:30 Race which Betfred priced at 6.0. I’m showing how it works in Oddschecker table. Just Before 9:00 AM, the price (odds) had been lowered to 4.0;
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3. Check The Exchange Odds
SMarkets Lay Odds is 4.7, then if Betfred revert back to the advertised price of 6.0, the arbitrage condition will be created;
4. Confirm Reverted Price & Lock-in Profit
The Oddschecker shows back to 6.0 at Betfred as it promised;
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Back “Juanito Chico” 6.0 at Betfred and Lay “Juanito Chico” 4.7 at Smarkets, which ensure £12.83 guaranteed profit (assuming you bet £50 at Betfred) regardless of the outcome of the race, as shown in the below calculator;
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Very simple, isn’t it?
Just 1 More Example Showing Exact Price Change At Bookmaker
In the previous Betfred example I use Oddschecker to show how only Betfred changes the price in comparison with the other bookmakers (Betway & Boylesports started it at 8:30 and lowered again before 9:00 AM when Betfred reverted). However, here let’s see how the exact changes happen in the Bookmaker site by using the 2nd Pricewise Tips of “Reflektor” at Haydock 14:55 Race which Bet365 priced at 13.0. Just before 8:30 AM, the price had been down to 10.0 from the advertised price of 13.0 as below;
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At 8:30, it reverted back to 13.0 as below;
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After 8 minutes, went down to 9.0 as below;
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Smarkets lay odds was;
So, yes it also generates arbitrage thus guaranteed profit. But it lasts only 8 minutes.
Race Results
Would you like to see the results of the races? In fact, it doesn’t matter because no matter “Juanito Chico” & “Reflektor” wins or loses, your profit is secured. But, anyhow the results are both “Juanito Chico” & “Reflektor” failed to win. “Reflektor” ended at 9th “Juanito Chico” finished 4th as below;
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Well, disappointed with the picks by Tom Segal? With all what explained, we don’t need to care if Tom’s tips are good or bad. Incidentally, you don’t need a high striking rate to be profitable but just 52.4% winning rate even for living. If your’re interested in this particular point, you will find full explanation in How To Make A Living Sports Betting – Full Assessment of 3 Methods By Numbers. Anyhow, the important facts here are 1) Pricewise Tips push down the bookies odds 2) Bookies revert back to the advertised price for the short period of time 3) This limited time creates Tasty Opportunities to Lock-In Profit for those who are aware of this technique, yes you.
Betting Exchange
As you see in the above process, betting exchange is essential for matched betting. Therefore, it’s critical to adopt the right approach toward the betting exchanges from the beginning, which will affect your long-term profit. Suggest you take a look at Bet Exchange, where you find the Smart Tactics on How To Use Which Bet Exchange in Which Occasion with spoon-fed like instructions.
Based on reasons explained, I suggest SMarkets rather than Betfair for the 1st sign-up bet exchange. Therefore, again, for your quick start, I prepared a step-by-step guide for how to sign-up SMarkets and extract cash from its £10 Risk-Free Bet bonus. Actually, this is one of the easiest offers to lock-in profit in the industry.
Please click “+” mark to open the instruction;
Update & Confirm T&C (Terms & Conditions)
- Firstly, Go To SMarkets Front Page confirming the availability of £10 Risk Free Sign-Up Promotion
- Read welcome bonus T&C. I know it’s a boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise;
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Simple Sign-Up By Filling Information
- After confirming the availability of the offer & reading the T&C, click “Start Trading”
- Fill-in the required information related to Account, Personal Information & Deposit;
A Few Key Points
- For the deposit method, suggest use Visa Debit card if possible. Because depositing by Mastercard or credit card incur a 2.5% deposit fee, bank transfer takes a few days. Importantly, Skrill & Neteller deposits are not eligible for the £10 bonus.
- Suggest you deposit at least £100 because you need to prepare for the relatively high lay liability in SMarkets when you extract free bet in the matched betting.
- Account Verification. You will receive the below e-mail to verify account. Suggest you do it as quickly as possible to prevent any future transaction delay;
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- That’s it. You’re now ready to place lay bets to construct matched betting once you sign-up the bookmakers.
How To Extract Cash From The Offer?
As said, SMarkets signup offer is probably the easiest one. Because you don’t have to do anything. SMarkets will refund your first £10 loss. Yes, even you win thousands of £ before you lose £10, SMarkets will refund that first £10 loss. So, just keep doing the matched betting, and whenever you lose £10 for the first time in SMarkets, you will be refunded, and as you’re aware it’s your profit.
Some Good News
- Very simple, isn’t it? SMarkets & all other bet exchanges I list in the betting exchange guide are fully licensed & regulated by UK gambling commission. And they all register in IBAS – Independent Betting Adjudication Service, thus you can let IBAS resolve when you face any problem with them.
- Remember, any income from the matched betting are Tax Free in the UK / Ireland as long as it is not considered as your main source of income.
Pricewise Conclusion
Let me wrap up briefly by showing you an optional approach & certain caution.
Risk Free Optional Approach to Maximize Profit – Underlay
In the above 2 races, the standard matched betting approach (means equal profit among all the outcomes, namely win & loss in this case) gave us the successful result. However, since “Juanito Chico” was the Favorite, means winning probability is relatively high, you may consider the way of maximizing the profit. What you can do is using Underlay to make it Risk Free while improving your potential profit. See the calculator below, you underlay at £51.02 rather than the standard approach of £64.1. Then if “Juanito Chico” wins your profit will be £61.23, and even if “Juanito Chico” loses, you will be a break-even, no loss & no profit. Not bad, isn’t it? Many of you would agree that Risking £0 for £64.1 Potential Return is an Excellent Value Opportunity and worth considering as the option to the previous Lock-In Method.
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Precautionary Measures
This is the opportunity derived from the price boost, not caused by bookmaker’s mistake or market inefficiency. Therefore the risk of gubbing should be less compared with arbitrage betting. However, if you keep taking too much value from the bookmakers, you may most likely to be gubbed, means your betting account will be restricted. Actually, it’s just a matter of time before most of the soft bookies limit your account if you do matched betting without any precautionary actions. So, we have prepared the following 2 guides – One is Before Restriction, The Other One is After Restriction;
We believe the above 2 guides will help you keep exploiting unfair bookies, means will enable you to make money on the side reliably for long-term.
Appendix – Horse Racing Refund Offers
Lastly, let me add the information about Bookies’ racing promotion. Pricewise Tips are a sort of price boost, you may have seen so many Horse Racing Refund Promotions constantly offered by bookmakers. Refund offers actually make an important role in matched betting. I strongly suggest you take a look at 10 Horse Racing Refund Offers – Value Based Best Selection & Tactics To Win, where we show how to gauge the value, prioritize & select the popular offers together with the specific tactics to extract cash from them. I believe this document will give you an overall picture of racing refund offers and good insight on which offer should be or should not be taken based on value.
Update – Last Week Oct 2017
As briefly noted, Ladbrokes Coral no longer honor their original price from the last week of Oct 2017. Consequently, Tom stopped specifying the name of the bookies for each tip which is like;
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So, what you can do is tracking the Oddschecker and see which bookmaker is the one offered the original price & honour at 08:30 etc. as;
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Although the efficiency gets lower it still works well. Hope These Will Help and if you have any question or concern, click the Face Icon to contact me anytime.
Good Luck On Your Betting!!
Joshua Walker (bio)
Editor – Global Extra Money (GEM)
