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I’m thinking of expanding my range of betting to include the placepot on a regular basis. Anyone got any advice on websites or books on the subject?
Thanks.
One bit of advice
DONT DO IT!!!!!!!
I spend most of my time on here about moaning about one letting me down for a small fortune
!!!!!Ive started placebetting on the exchanges and doing not to bad.
Malcolm Boyle wrote a book " How to win at the placepot". Don’t know if it is still in print.
One tip I like is to include the unnamed fav in the last leg so you can lay in the place market to guarantee a profit
You get change from a pound for this one
http://www.highstakes.co.uk/shop/product.php/12055/0/
Nevy Nevy be getting involved in hedging un-named favs in the last leg, unless watching favs flipflop at the last second proceeded by the original fav placing and the new fav bombing is your scene.
You get change from a pound for this one
http://www.highstakes.co.uk/shop/product.php/12055/0/
Nevy Nevy be getting involved in hedging un-named favs in the last leg, unless watching favs flipflop at the last second proceeded by the original fav placing and the new fav bombing is your scene.
Nevison writes about some sorry tales when he was playing the spreads on the total odds of favs at the Cheltenham Festival and a couple of JFs nailing him as he was on the one with the higher racecard number which obviously didn’t count as a winning fav for his spread bet. Personally I prefer to name my selections up front. I haven’t done a PP for years – used to do it all the time with my old man who was a great fan, but in all the time (1986-1998 ish) I only won once (Boxing Day 1987, Kempton, lucky as the fall of Forgive N Forget let Golden Friend into a place – had £1 on to win £100 I think. Nice odds but in hindsight realised how lucky I was when I failed to ever win it again and no doubt gave the £100 and more back.
Nevison does say that if you are getting near enough 5 out of 6 selections up most of the time stick with it, otherwise you should give up. I tend to agree.
Laying the favourite in the last can result in extra losses if non runners have reduced the number of places paid on the Placepot, but not on BF.
E.G. – 8 runners declared, 1 non runner, un-named fav finishes third means you don’t collect on the Placepot, but you do lose the place lay.
Can’t believe you didn’t highlight this lizard designed double whammy Glenn!
Surely the biggest problem with the PP is the difficulty of predicting the payout in advance – indeed it’s often hard to understand even when you know the results. Just look at Kempton on Saturday – the three shortest priced horses on the card, Denman, Pause and Clause and Bally Conn all made the frame, yet it paid £800. With those three bankers obliging, how did punters manage to bet over £130k on losing lines?
But you could look at another card with much the same outcome and find it paying £80 – £100
Last year Placepot punting was my only profitable type of bet and I really enjoy them.
I’d suggest that before you starting really getting into it you should – given the time – log onto the Tote website and then go to Live Pools. You can then watch how the money goes on each leg and it will give you a great insight into the minds of Placepot punters.
As AP says it is a bit of a myth that you have to avoid short priced favourites. If you watched the Taunton on Thursday you’d have been amazed how so much money went down with the good things all got placed in the early races. Although I do perms which are looking for them to get beat I rarely leave them out as there are always 5 other races in which to get a "result".
It’s not a bet I do that often, but I meet a chap who does it every day and, as with most types of bet, he usually tells me how close he came to winning rather than how much he actually won.
A few questions that I would ask the serious placepot punters on here is:-1) How do you decide which meeting (assuming you don’t bet at every meeting) to bet on?
a) Do you go by the likely size of the pool, thus usually going for the "main" meeting of the day?
b) Do you go by the number of runners per race – perhaps hoping that each leg will have enough runners to get 3 places to count?
c) Do you look for the card that has the shortest priced favourite(s) in?
2) Once you’ve decided which card to bet on, what is the best way to perm?
a) Do you do multiple sels. in all or most races?
b) Do you do multiple sels.in just the last? Maybe doing all the runners? Or, multiple sels.in just two or three maybe?
c) Hot favs? Should you leave these out and do a couple of the others in such races?I’ve done no analysis on such things – my bag is soccer betting – but my record this year on that wouldn’t inspire confidence
FWIW, I reckon that if you’re going to do the placepot regularly you’re playing a "numbers" game as much as a "form" game , although obviously having the knowledge to recognise a duff favourite is a big plus. I reckon regular placepot punters need to go for the occasional BIG pay-out, accepting regular losses, rather than the regular tiddler dividend. To that end, you need a card that has at least one "good-thing" to oppose, as one would presume the largest pay-outs come when the hot fav’s are unplaced. In such a race, make multiple selections so that even if the good-thing gets placed, you’re still in with a chance for the remaining places. Then do every bugger in the last leg.
What about the other races – the ones without the hot-pot? Er-I wish I knew the answer to that.wait for the big meets pick your six nags, minimum stakes & if you get it up your happy
and if not who cares you’ve lost sod all.Insomniac,
I do enough perms (reducing my stake accordingly) so that I’m confident that I’m going to "win" it and then cross my fingers that the results fall right for a good payout.
I look for meetings with a particular shape. I leave alone ones which I think are too difficult to win even to 10p (I don’t risk a fortune). I like ones which have some short priced favourite (in the hope of a bumper payout) and ideally ones where non runners will cause the places to go down to places first 2 or – in a perfect world – win only. I wait until the last moment to put my bet on (thus taking non-runners in account) and if I think (because of going etc) that a race may cut up I put more horses in. For me it is all about survival.
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DJ
Do £5 lines – it concentrates the mind wonderfully, cuts out much of the gamble, and makes it worthwhile when you do get one right.
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I dallied with place pots once upon a time but after a period of time found putting on EW accums with the various combinations
would
have returned a much healthier profit.
Painstaking study to find 6 double digit placed horses only to have the return dilluted by 6 placed favs….
I would be interested in anyones views or experiences as I gave up placepots a number of years ago
I play-On the AW.Regularly get 5/6 & better.Have had 5 of my last ten up & since Nov 08-Im in profit to over £600.
Only play certain tracks tho Lingfield & Kempton being the two I like to swerve when possible.
Great Leighs was a fav of mine so the quicker its back the better.
Kempton has had some big payout pools tho.I have a small perm a few times a month, more at a festival. Only ever do it at meetings I actually attend, and don’t do it at the lower-class meetings. Have won quite a few times,
I have a copy of Boyles "How to win at the Tote Placepot". Some of the content about trainers and courses is out of date, rest is useful and he has some good ideas. Not had the book that long to know if the ideas work; I wouldn’t say I have won more yet but have certainly got many more 5/6 perms.
I would sell the book if anyone wants it – having read it once it’s not really a reference book to keep coming back to. PM me if you are intested. I paid £20 for it on Ebay.
With any pool bet where the pay out is less than the amount of money paid in to the pool, you are guaranteed to get poor value.
Accumulators are also unsound, any negative edge is multiplied over the selections, so unless you are getting value, you are going to lose quicker than just betting in singles.
I had 2 lines up three weeks ago at Wolverhampton-16 bets @£1 & returned £500+.
I fail to see how thats a bad investment.I just let my a/c build with the Tote & am seeing my balance go up.Average payout is roughly £80.
I suppose I reckon its working out at about £50-£80 a week all in & something I am quite prepared to "accept".
Looking to keep consolidating hopefully enough to take my family abroad in the summer.
There is a way to do this-but its not something which I can put into a public forum without it affecting my payouts.
There are usually about 700-900 winners each day so there are obviously many others making smallish but regular withdrawals through careful planning & perming.The beauty of the bet is on the rare occasions there are big dividends & you "collect".Not won a biggie yet but if your not in-you cant win.
One thing I would say is take three sels in larger runner fields & two in 4 runner races where the F/C fav is over 6/4.
Its the very worse classes of race which also screw the PP.
I had one sunday recently where I had gotten the fav btn in three races & had the 1st,2nd & 3rd fav to place in the 6th race with a chance of several lines had more than one been placed & the 4th fav was 16/1-I finished 4th,5th & 6th-being beaten for at least £280.00 for 16 bets at £1.
At times it can be so frustrating.
At another meeting recently-I needed Mohawk star to place in the last for two lines-it got nipped on the line & placed 4th-beating me for over £4500.Didnt play again for a fortnight after that.
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