Today we are starting a trial of a new piece of horse racing software called Beth Bet.
This is an AI powered tool that analyzes a range of factors including horse pedigree, history, track conditions, current form of horses and jockeys and even weather reports.
It crunches all this data and identifies situations where the odds of a horse and higher than they should be – and therefore represents value.
It currently works with 11 bookies, namely:-
– William Hill
– 888 Sport
– Paddy Power
– PokerStars Sports
You can use it with as many or as few of these bookies as you like.
There is no arbitrage between the bookies and/or exchanges and no trading. It is just a question of placing the bets and letting them run. The idea is that over time the positive EV (expected value) in the bets will make a profit.
The results shown on the Beth Bet website look very impressive to say the least:-
Normally we are sceptical of things like this but we have seen some positive reports about Beth Bet from a couple of sources we trust so thought it would be worth checking out.
One aspect we are particularly interested in is whether it is profitable to use on Betfair. Now technically it is set up to be used with the bookies but we know lots of you have been limited with the bookmakers so if this was to prove effective on Betfair it would be a real bonus.
The other fear we have with tools like this that look to capitalise on value at the bookies is that they can end up getting your bookmaker accounts restricted, so that is another aspect we will have to consider.
All in all though this look interesting and certainly worth testing out.
We will update results here as we along so you can see how Beth Bet is performing for us.