Is Betfair Any Good At Tipping Horses?

I'm sure you are aware of the many promotional offers that Betfair have been running for some time now. They have a selection of horse racing ones during the week, and today's was one of the easiest:

Tuesday 13th April - £10 CASH BACK if our favourite loses!

We've chosen a favourite for today's racing but if we get it wrong, we'll give you £10 cash back! To take part in this promotion, opt–in here and enter the bonus code "MIDWEEK MANIA 15".

Sir Louis lines up in the 3.30pm at Yarmouth today, but if he loses the race, get £10 cashback! Here's how it works:

* Place a Racing Multiples bet on a minimum of three legs, with only ONE selection per leg, and a minimum stake of £10 that includes Sir Louis before 3.30pm GMT today.
* If Sir Louis loses the race, we'll give you £10 back!

This is very straight forward to do, but that's not the reason for this post.

The lads in the chat room were discussing the apparent inability of Betfair to pick a winning horse. As is the way of these things, none of us has a record of these picks, but we could think of only two occurrences when the Betfair pick had actually won in seven or eight weeks. Yet, we all, almost always, manage to pick at least one winner from our other two picks that the promo requires. This of course makes doing these promos frustrating for us as it's Betfair that frequently lets us down.

Given that the Betfair runner is usually a short priced favourite, typically hovering around the 2.00 mark and certainly never over 3.00 (today's pick, 'Sir Louis' started at evens and steadily drifted to 2.8), it has been suggested on numerous occasions that we should just lay them as a straight punt. Could their pick be the basis for a lay system?

Many a true word has been spoken in jest.


Alistair said...

There was an another example of this today.

Kennel Hill in the 6:45 at Cheltenham set off with a BSP of 2.44, traded as low as 1.66 in-running but was eventually pulled up by jockey, A. P. McCoy.

Alistair said...

There was another one today (Tues 20 Apr) so I've decided to start recording these on the forum.