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- December
How this simple tactic can
Save You £5,777.72
After the seasonal celebrations last weekend my exhausted wife asked me to pick up a couple of items from the supermarket on the way home.
I’m not a shopper. I’d almost go as far as to say I hate shopping! I’m more of a buyer than shopper. If I need a new shirt I just go to a shirt shop and as soon as I see one I like I buy it.
My wife would visit the first shop in town … then no matter how much she liked the item she’d have to check just about every darned shop in town to see if there was anything better … 2 hours later we’d end up back in the first shop buying something we could have had 2 hours ago! Sound familiar?
So I dashed in and bunged the items in a basket ready to rush out. A sign caught my eye.
“Spend £60 or more and get 10p per litre off your next fuel”
Mmm … my wife drives a thirsty X5. It’s a mind boggling £100+ to fill it up! around 90 litres. I made a quick mental calculation and reckoned I’d already got about £50 quid’s worth of shopping in the basket! (it was supposed to be just a pint of milk and loaf of bread but when I saw the pack of beers on offer … and we needed some wine …)
It was a no brainer. Spend another £10 and I’d get £9 off the next fill up! In went a steak, bacon and eggs! Effectively the last tenner’s worth was free!
Would you drive a mile further to fill up at 30p per litre cheaper?
I chuckled to myself wondering why I was so bothered about getting 10p per litre off my petrol? And then I remembered. I just plain feel petrol is too expensive.! Do you remember it wasn’t that long ago it was under £1 per litre? When I was a kid it was under £1 per gallon! I could fill my first car up for around a tenner!
And so I started to think …
If there was a petrol station that was a little bit out of my way and fuel was always 10p per litre cheaper would I make a tiny detour to fill up there rather than the closest? mmm …
What if it was 20p cheaper? 30p?
You bet I would!
Are you flushing £50 notes down the toilet?
So what the heck has cheap petrol got to do with betting? Quite a lot actually. You see when you’re having a bet most of us think about the stake. I’ll have a £50 bet. or a £100. We don’t work out the PRICE of the win.
Let’s suppose you’d like to win £1,000
The odds are 4/1 with your bookie. You have to bet £250 to win £1000.
The Price of the bet is £250.
But what if a bookie down the road is offering 5/1?
To win the same £1,000 now only costs £200
The price with him is just £200!
If you bet with the bookie offering 4/1 instead of the bookie offering 5/1 you might as well take a £50 note and flush it down the toilet! You just paid £250 for something you can buy for £200! You paid 25% over the odds!
You wouldn’t pay 180p per litre for petrol and you should NOT pay £250 for a £200 bet!
30-65% discount in ONE race!
Here’s an example of a race where we bet the winner, Viscount Vert but ALL the horses placed were available at widely differing prices. I’m using this an illustration because the odds of the winner are not huge so it’s a fairly typical race.
I’ve seen races where you could get double the odds. Or half price bets!
Here’s a summary of the best and worse price for the winner, 2nd and 3rd. The difference is staggering … ranging from 30% to an enormous 65%! And a 65% difference is like paying £165 to fill a£100 petrol tank!
Best worse Difference
Price price
- Winner – Viscount Vert 3/1 9/4 30%
- 2nd – My Lord 20/1 14/1 43%
- 3rd – Calypso Magic 33/1 20/1 65%
Notice how Ladbrokes were the worse odds on 2 out of the 3 horses! It’s no coincidence they have the most betting shops in the country so it’s easier to find a Ladbrokes shop than any other.
They may even be the closest shop to you?
Stan James were best price on 2 horses and Betfred on one. This is a lttle unusual because very often thebest odds are with Bet365. They were even bigger but we’d hoovered up the bigger odds before I happened to take this screenshot!
So to bet Viscount Vert to win £1,000 would have cost you £444.44 with Ladbrokes but only £333.33 with Stan James.
That’s a lot more expensive. £111.11 more for the same bet to be precise.
Now multiply that up. Place one bet a week for 52 weeks of the year and if you pay £111.11 too much for each one that’s a staggering £5,777.72. Pays for your summer holiday!
If you’d bet the 3rd horse Calypso Magic with Sporting bet at 20/1 instead of the 33/1 at Stan James you’d have paid a staggering 65% more!
To put that in perspective petrol at my local garage is 131.9 p per litre. Pay65% more than you should and it’d be a staggering 217.63p per litre! At 65% less a frugal 79.9p
Best odds advised
Because it’s worth so much money to you whenever I advise clients of a horse to bet I’ll always specify which bookies are offering the best odds.So if you happen to beclosest to a Ladbrokes or hills or Corals you’ll know if their odds are worth taking or whether you should call your independent bookie.
And during January I’m offering a free trial of a service where I’ll tell you who has the best odds for any horse you’re betting whether you got it from me or not.
Just text me on 07797 800 655 the phrase Best Odds plus the horse’s name and I’ll text you back with where best to bet.This is NOT a premium rate text number and texts will be charged at your normal rate or included in your text bundle if you have one.
How to save that £5,777.72
The moral of the story is you simply must have a spread of bookies to bet with.
Many recreational investors will only bet with one of the major high street bookies like Ladbroke, hills or Corals. They tend to offer the worse prices and fleece the punters.
There are 3 reliable, solvent and trustworthy bookmakers who most often have better odds than the high street bookies. You should have an account with them. What’s more as a New Year’s Promotion they are offering a FREE bet worth up to £200 for anyone opening a new account.
It’s a New Year’s bargain not to be missed and a great way to start 2013 with some bookies cash in your pocket!
Warm Regards
Bob Rothman
Stacking the Odds in Your favour
PS Here’s the 3 best bookies who often offer better odds AND who are offering a FREE bet when you open an account this week!
Simply click on these links below
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Best – £200 FREE Bet365
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Good – £50 Free Betfred
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Useful – £10 Free Stan James