Do you bet to "win" or bet each-way?
The answer is?
I know that is vague but as with everything to do
with betting on the horses there are several schools of thought.
So here is my pennies worth.
If I am system betting, using
Galore or Turner's
Winning Way's then I never bet each way.
Firstly these systems bet mainly on favourites in small
races with low odds, and often there are not enough runners in the race to get
an each-way bet anyway.
Secondly I find the staking system takes care of the losses,
but that doesn't mean you should dismiss it out of hand because on some
occasions it could be worth looking at.
Before we continue let me show you how the average bookie
works out each way bets.
If you place 100pts each-way the bookie will expect you to
give him 200pts (remember this) 100pts are bet on the selection to win, and
100pts to place
If we take an imaginary horse and race:
2.35 Ascot (13 runners in a handicap race) "Win me Over"
wins at 7/2
The "Win" part of the bet is the same as if you had just bet
on the horse to win.
7/2 * 100 + 100 = 450 that's your winnings for the "Win"
part of the bet.
For the "place" part, most bookies give the following:
For Races except Handicaps
- 2 - 4 win only so no placed betting
- 5 - 7 Runners 1 /4 odds paid up to 2nd place
- 8 or more Runners 1 /5 odds paid up to 3rd palce
Please check this with your bookie because some have
- 12 - 15 1 /4 odds paid on up to 3rd place
- 16 or more 1 /4 odds paid up to 4th place
For our bet we get:
Click Here to use an online calculator
7/2 = 3.5 /4 (1/4) = 0.875 X 100 + 100 = 187.50 + 450 (first
place winnings) = 637.50
So a stake of 200 pts on a 7/2 winner each way has returned
637.50 pts, but if we had of placed it to "win" only then we would have won
700pts, are actual loss for playing safe is 62.5 pts.
If the horse had not been placed at all then we would have
lost everything, but what if the horse placed only?
Well in our above scenario we would have lost our "win" part
of the bet completely, but we still would have got 187.50 pts back for the
place so our total loss would have been 12.5pts.
This allows you to get back some of your stake to fight on
The higher the odds the better and the more of your stake
you will see back.
If I do bet each-way it tends to be on tips that you can
more or less trust and the odds are 3/1 or better.
Above all odds (Selection Method) and
Stop at a Winner
(investment System) are two typical examples of what I mean.
Both of these tips do not give a winner every time but more
often than not they are placed so you don't have to loose your whole bank and
when you do get a winner it tends to be 3/1 or better
To look at how this works lets take a look at a few days
betting with the Investment System.
||4 - 1
||3 - 1
||3 - 1
||BAR OF SILVER
||0 - 0
||COSTA DEL SOL
||7 - 2
Table 1 shows you over 5 races the loss and gains of betting
to win only and each-way.
The initial gains of betting to win can be wiped out in 2 or
3 races where by using each-way betting we have managed to save our stake so we
can carry on betting for longer.
One more thing about the bets above, I suppose the sensible
thing would have been to drop our stake when we started loosing, but the
Investment system is about long-term big gains!
You decide if each-way betting is worthwhile, but I for one
see it as a great way to allow me to keep placing those riskier bets!
This article is written by Malcolm Pett who site
offers a FREE daily tip and information about betting systems.
You may use this article in your own website as long as the
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