1. What’s the idea of the website?
The site offers paid-subscription access to our betting tips on major European football leagues. The tips are calculated using our in-house developed algorithm. We recommend back and lay bets to be placed on betting exchanges including Betfair.
See below for details of how tips are received.
2. What are the subscription options?
Access to tips is offered via Paypal at £5 per 30 days for each league with the first month free. You can cancel at any time but there is no refund for any part of the month to which you are no longer subscribed. Click here to Register.
You can register for all leagues but you will need to do this individually for each league. We refer to tips across the leagues as the ‘combined tips’. You can see the combined tips here.
3. Can you explain the tips and how I place my bets?
For a video explanation of the tips, see here.
The tips are displayed in date order on the Betting Tips pages. The pages displays odds and stakes for the home, away and draw selections. The odds are taken from Betfair at the time the bets are calculated.
The recommended stake is the ‘Home stake’, ‘Away stake’ and ‘Draw stake’. You don’t have to place all 3 bets but this is recommended and is the basis on which Algorithm Betting places bets. The bet stakes are calculated using a betting fund balance. For example, if the stake is 2%, the bet is a back bet with a stake of 2% of your betting fund. If the stake is -2%, the bet is a lay bet with a stake of 2% of your betting fund.
The exposure columns show the potential profit or loss on each outcome as a percentage of the betting fund if all 3 bets are placed. Only one of the 3 outcomes will occur. The maximum exposure column shows the maximum possible loss from placing all 3 bets using the Algorithm Betting Fund. You should have experience of placing bets on Betfair or other betting exchanges to ensure you do not make a mistake when placing your bet.
Examples:
Placing a back bet (positive stake):
Let’s say the home bet is 2% at odds of 3 and your betting fund is £100; i.e you back the home team with a stake of £2 at odds of 3 (or 2/1 in traditional odds markets). If you win your back bet you win your stake times the odds, e.g. a £2 back bet at odds of 3 would win £4 plus your return stake. If you lose, you lose your back bet of £2.
Placing a lay bet (negative stake):
Let’s say the home bet is -2% at odds of 3; i.e. you lay the home team with a stake of
-£2 at odds of 3. If you win your lay bet, you win the stake of £2. In a lay bet, when you win the odds do not matter when calculating your winnings, you simply win the stake amount. If you lose, you lose £4. This is calculated as 2 x £2 staked. The 2 being odds of 3 minus 1.
4. What are the Betting Performance pages?
The Betting Performance pages show the result of placing the bets we recommend on our tips pages. They are displayed to show the percentage profit or loss in each month earned from placing our bets.
5. How and when will I receive my tips?
Tips are released on the website at least the day before each match. You can get notification of when the tips are posted by following us on Twitter @algobetting or by joining the post notification email list on the website front page.
