HOW TO INCREASE A PROFIT FROM YOUR EACH WAY STAKE MONEY

[EDDIEWOODS]

If you ever back a horse each way its because of these reasons :
1. You are not confident it will win but may feel it may reach the frame
2. You are a safe punter and bet accordingly

However to back an horse each way the selection must be :
4/1 or bigger in a race where the each way pays 1/4 odds
5/1 or bigger in a race where the each way pays 1/5 odds

If you back any shorter priced horses in these races each way you are already making a loss ! ( Unless your horse wins of course ).

Ive seen punters having £100 each way bets on 7-2 shots , £50 each way on 3-1 etc .

Ok – so if their horse wins they have made money – if it is placed you have made a loss ( getting less than your stake money back ).

For example : £100 each way ( £200 total ) on a 4-1 shot and it finishes 2nd your return will be : £200 at 1/4 ( no profit )
£180 at 1/5 ( loss £20 )

HOWEVER THERE IS A SIMPLE AND PROFITABLE WAY TO BET ON THESE SHORT PRICED HORSES EACH WAY AND STILL MAKE A PROFIT ::

Betting on anything is about sums , numbers , figures , etc.
Betting is about MAKING A PROFIT and knowing alot about maths is a great advantage.

The way to place your £200 stake ( which would be your £100 each way )
on a 4-1 shot in a 1/5 the odds race is like this :

£50 WIN
£150 TOTE PLACE

Basically you are putting 25 % of your stake to win and 75 % of your stake to place.
Now if this selection finishes 2nd or 3rd it only needs to pay £1.20 to get back what you would if you backed this horse each way the conventional way.

The average place dividend for a 4-1 horse is between £1.40 and £2.50. So the average is £1.90 and very seldom less than £1.30 .

Lets say it does pay £1.40 then your return will be £210
Lets say it pays avg £1.90 then your return will be £285

Remember thats only for the horse placing!!

So all you got to remember is split your stake 25 % win 75 % TOTE PLACE on these short priced horses and you will make a profit.

I

[Anonymous]

So rather than attempting to minimise potential losses by backing each-way – which is what people are doing when adopting this approach – you’re suggesting that halving your win stake to ‘guarantee’ a profit on an undetermined result is the way to go, thus creating a far greater relative loss?

[EDDIEWOODS]

Fist of all we are here to help each other out and my post is for those who back each way. If you read my post correctly this is for short price horses only .Well if a punter backs each way then he/she feels that their selection is not Valid to do just a WIN bet.
So if you are an each way punter then you are obviously a safe punter.
Like i said back each way if your horse is 5-1 or greater but you will make a bigger profit by backing the 25% 75% if the horse is shorter UNLESS u consistently back winners ( which in that case obviously you wouldnt be backing each way anyway ).
I have been a stats / horse racing analyst for the past 20 years . I also know how to make a profit on racing by maximising my chance of profit.
For instance .
I Just placed a bet on a horse called WEST END ROCKER – i did not fancy this horse to win but knew it must get in the top 2.
IMPOSSIBLE to back each way .
So instead i had £300 tote place on TOTESPORT ( you are welcome to see my bet ) and my return was £450.
The price of the horse was 2-1 AND IT PAYED £1.50 for a place.
So the answer to your question is it is a post to help those punters have a different alternative to the conventional each way bet.
If you require and do not understand please let me know and i will try to explain further if you need me too.
If you require a breakdown of 4-1 winners against 4-1 place horses for instance i have that too.

[davidbrady]

Eddie, I see where you’re coming from here but I would be more concerned with "why I can’t make betting 4/1 shots on the nose pay" as opposed to trying to jig my stake around to show a profit.

However, I think when betting at those types of odds, you are better off concentrating at either win-only or place-only.

The way I see it, if you can’t profit from win-only at £200 then you won’t profit win-only using £50 (ie – the win part of ALL your bets will show an overall loss) so why not put the whole £200 on the place with tote.

Alternatively, why not place the bet with Betfair so you are betting into a 100% book instead of having to suffer the tote takeout (circa 10% I think)

I personally think that if you have the patience, then place-only bets is a profitable venture as, IMO, any bet which which is not offered on the high-street is more than likely to the punter’s advantage.

PS – no need to prove your bets – we’re men (and women) of honour here!

[davidbrady]

I would be interested in the stats of 4/1 placed horses – if you don’t want to post the info publicly then please PM me.

[Matron]

Eddie,

"If you require a breakdown of 4-1 winners against 4-1 place horses for instance i have that too."

I would be interested in that breakdown also.

Welcome to "TRF" by the way.

Regards – Matron

[Anonymous]

EDDY
Betting large sums into small pools at minor midweek meetings is a sure way to the poor-house imo.
Having once been a regular at Southwell, and witnessed first-hand how much even a £100 bet in the place pool can skew the odds, (even to the extent of no dividend being declared, in some cases), I’d be amazed if the bet mentioned above wasn’t – at least – extremely fortuitous?

[EDDIEWOODS]

Yes and no to that . I go to lingfield often myself . Now again if i do a TOTE PLACE bet only then this is what i do:
I always place my bet way before the race is due to run. This is the best way to do place only betting because it then gives the tote place the chance to " swing " .
As for it being fortunate , again no £1.50 is average lol
I FOLLOW and the tote place in fields of 7 runners and below ( mainly the 2nd n 3rd favs ) and they pay more than you imagine :
Lets take a look at yesterdays results for instance in 7 runners and below :

WOLVERHAMPTON
3.40 ( 7 RAN) 1ST 5/4 PLACE RETURN £1.50
2ND 10/3 PLACE RETURN £2.20

SOUTHWELL
3.00 ( 7 RAN ) 1ST 20/1 PLACE RETURN £6.70
2ND 2/1 PLACE RETURN £1.50

TAUTON 1ST 7/4 PLACE RETURN £1.50
3.50 ( 7 RAN) 2ND 12/1 PLACE RETURN £5.10

So just on those 6 results the place dividend is not fortutious atall . You can check these day in day out and the place dividends are consistant.

Now you are not going to put £1000 tote place on a 1-2 on shot are you ?
Obviously common sense is needed but again this is for punters who like each way bets but the price is to short to do such.

If any of you want my stats please email me and i will email yo them .
Kind regards ,
Eddie

[EDDIEWOODS]

Oh and by the way NO DIVIDEND DECLARED is only for horses where N0 tote place bet has not been put on that selection. LOL
The minimum place for a horse by the tote is £1.10.
On very rare rare occasions the tote may pay only £1.02 if 90 percent or more of the pool has been placed on same horse.
That happened once last year on a 1/5 shot !! To be honest you got to be some numbnut to think of placing a bet place on that anyway.

[carlisle]

Hi gang

my golden rule is….

only back each way when you are convinced it will be placed, not just hopeful.

also i have no problem with backing, say, a 5/2 shot £100 e.w. to me it’s like risking £50 to win £300. Admitedly this opportunity doesn’t arise too often.

byefrom
Gary

[Author]

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