Place betting on the exchanges

[360 degrees]

Has anyone posted thoughts on using place-only betting on the exchanges?

Yesterday, I came out ahead, thanks to such cover bets.
Now I’m wondering if such a higher (much) strike rate at lower returns has been aired before.

Any thoughts on this?

[Librettist]

The best thing about the place market is the

Lay

button!

Although try not to win too much or Betfair will steal some of it off you.

[360 degrees]

And indeed I’m grateful to anyone laying!

Seriously, I’ve not tried it as I think it’s a different mind-set entirely; I’m used to backing and expect to keep doing that.

[yorkiedips]

Hi there

Think there is a thread about this on systems section started originally by Billion sround the turn of the year.

If memory serves me he tried this for around a month but then decided the high strike rate needed and returns he had shown resulted in him not pursuing

However may be worth a look at to get some ideas from.

yorkiedips

[360 degrees]

Thanks, yorkiedips, I’ll look there.

[davidbrady]

Only once did I ever back a horse place-only on Betfair

It won the race at SP 50/1 (no BF SP at that time but I dread to think what it was trading at pre-race)

I swore that day that I would never again back a horse place-only

[tbracing]

Unlucky David That shows part of the problem though. Whilst a 3 place market can be gotten down to near enough 300% the place market is still dictated by the win shows and the short priced runners are still often under priced as general place terms are not favourable. Where the place price is favourable on a larger priced horse you may as well back it each way.

[michael]

This is what I do. I back a horse to win and if I can get 2/1 or bigger a place I will put 4 times as much as I had to win on. So for example if I have £5 to win I would put £20 a place but only if I can get 2/1 or bigger for the place.

[Author]

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