- What Are Pricewise Tips?
- How To Make The Best Use of Pricewise Tips – Latest Strategy
- The Pricewise Old Strategies
- How To Lock-In Profit from Pricewise Tips – Specific Process
- Pricewise Conclusion
What Are 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.
Find the latest strategies of how to make the best use of Tom’s tips.
How To Make The Best Use of Pricewise Tips – Latest Strategy
Professional Bettor’s Customized Pricewise Tips Strategy
Professional bettor and SBC feature writer, Paul Chandler-Burns optimize how to back Tom’s tips. His strategy covers;
- How to select Tom’s best bets & avoid those he is putting up to fill his tipping obligations
- How to filter bets, in particular when Tom puts up multiple bets in the same race
- How to stake efficiently for the best return and smoothest ride.
- When to back Tom’s bets to win and when to back them each way.
This filtered approach to Tom Segal’s tips in 2020 made Paul achieve the impressive result (based on *Betfair SP) as below;
* Betfair holds the key to a horses’ real chance of winning and with 24 hours of online betting there is no scrambling for early prices and trying to “get on”, what you can at the standout price. It is generally accepted within the industry that between 11 am-1 pm the real market shape takes place and often the “real” money comes much closer to race time.
SBC (Smart Betting Club)
Paul’s strategy is shared in SBC as below;
SBC (Smart Betting Club) is a subscription-based Tipster Proofing/Rating service. Therefore, unfortunately, we can’t share the details of Paul’s Pricewise Tips strategies here (you may download free for sample report)
If you’re interested in it, suggest you take a look at Smart Betting Club Review – Inside Analysis Of Ultimate Tipster Rating Service.
Paul’s pricewise strategy is just a tiny part of what SBC provides you, so you can access the list of the world’s top-notch tipsters & assessments on them, which will bring about steady side income for the long term.
The Pricewise Old Strategies
We used the below strategies for prices tips to lock in profits. However, things have changed and the punters lost early price edge, this opportunity became no longer valid.
However, for those who are interested in how to hedge the bet, the below story & strategies must be quite informative, so if you have time, keep reading.
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 has the headache that their publication of the odds of Pricewise Tips will be outdated by Saturday morning – the racing day.
This 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 the 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 a very limited time, usually 10-15 minutes on 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, endeavor to hold our prices for as long as possible
- BetVictor – 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)
Ladbrokes & Coral no longer honor odds at 8:30 am 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 Sports Betting / Horse Racing, we use Matched Bettingto extract profits from various opportunities provided by the bookmakers.
We employ many customized tactics to get the maximum return from each offer. Price boost 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 the previous night. This 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 reverting back to the advertised price.
- At the same time, access to the Exchange to see if the current lay odds & the bookie’s advertised price will create the arb condition. This means the lay odds are lower than the back odds which will ensure instant profit.
- When the bookie reverts 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 to the service posting the Pricewise Tips on 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;
Or, Oddsmonkey as a Premium Matched Betting Paid service, shares 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 the Oddschecker table. Just Before 9:00 AM, the price (odds) had been lowered to 4.0;
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;
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;
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 it 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;
At 8:30, it reverted back to 13.0 as below;
After 8 minutes, went down to 9.0 as below;
Smarkets lay odds were;
So, yes it also generates arbitrage thus guaranteed profit. But it lasts only 8 minutes.
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;
Well, disappointed with the picks by Tom Segal? With all that 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 a 52.4% winning rate even for living. If you’re interested in this particular point, you will find a 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 bookie’s odds 2) Bookies revert back to the advertised price for a 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.
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.
There are 4 established betting exchanges as below;
Please click “+” mark to open the instruction;
If you are not familiar with the betting exchanges, the below 2 documents will be of good help;
In case you have not had any betting exchange accounts, this guide shows all top 4 betting exchange latest sign-up offers & how to extract cash risk-free from each offer including Betfair’s £100 Free Bet, which is supposed to be one of the best offers in the industry, just FYI.
For those who can’t access the 4 key betting exchanges, don’t worry, you can use bet brokers, but you need to take a cautious approach given their small business operation. The following 2 documents will help you select the right one(s);
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, which means the winning probability is 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.
This is the opportunity derived from the price boost, not caused by the bookmaker’s mistake or market inefficiency.
Therefore the risk of gubbing should be less compared with arbitrage betting.
However, if you keep talking too much value from the bookmakers, you may most likely be gubbed, which 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 the 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 offers should be or should not be taken based on value.
Update – Last Week Oct 2017
As briefly noted, Ladbrokes Coral no longer honors 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;
So, what you can do is tracking the Oddschecker and see which bookmaker is the one offered the original price & honor at 08:30 etc. as;
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)