Horse racing bets don't come much great than this! As far as I am involved this bet is the one bet that needs perfecting. With the right knowledge of how and when to place this type of bet, your betting success can sky rocket. The very ultimate in horse racing bets for sure.
We have already explained the basic use of the win singular bet in this series. We now need to focus on the use of this most beneficial of horse racing bets. It is not the easiest thing to expound to those new to the game. Any way every singular horse racing punter must adopt this approach.
Case Rack
I personally know one of the most horse betting minds ever to grace this planet. This approach, he and many others like him including myself, use daily to make money betting on horses.
To place an each way bet, is naturally to place two bets at the same time. Instead of having your entire £10 stake on a win single. You would place £5 each way. Each way being, you now have a £5 win singular bet and you also have a £5 place bet.
Place meaning that your horse needs to discontinue in the lawful places for a race to procure that part of your bet. If you hit the jackpot and your horse wins, then you are paid out on both sections of your bet. If your horse were to discontinue exterior of the lawful places then you would lose your entire stake money.
Psychologically each way betting when you know what you are doing, is far superior than backing win singles. It is easy to rack up a string of losers when betting to win only. However, with feel well settled each way bets are far more likely to show a return. The place part of the bet can be used to protect the win stake if the mathematics are correct. We will go in to this later on in one of our more intermediate lessons.
The lawful places for a race vary with conditions, but currently the conditions look like this:
Number of runners/type of race Place terms
2-4 runners / No place betting allowed
5-7 runners / 1st and 2nd one quarter the odds
8 + runners / 1st, 2nd and 3rd one fifth odds
Handicaps 12-15 runners / 1st, 2nd and 3rd one quarter odds
Handicaps 16 + runners / 1st, 2nd, 3rd and 4th one quarter odds
You can see clearly that in races of less with less than four horses, no each way betting is allowed.
Example: £10 each way bet (Totals £20) on a 4/1 horse that wins in a 14 runner handicap would return:
£10(each way stake)x4(winning odds)= 40. 40/4(1/4 place term win)= 10. The sum added equals your behalf £40+£10 = £50 profit.
The same £10 when the horse finished whether 2nd, 3rd or 4th would look like the following. Now this gets confusing, remember you have to surmise what the sum total of your win bet Would have been and then divide this by your place terms. This will then give you your return form for the place part of your bet!
£10 each way bet (Totals £20) Win place loses -£10 (win stake lost) + 40/4 (place term win) = 10. The sum added equals your return in this case £0. You lose the £10 staked on the win side of your bet because it lost. You win £10 with the place return and also receive your original place stake back. Returning your £20 stake and losing or gaining you nothing.
You will get used to the numbers as you progress, and it will become easier and you can surmise in your mind how much your return will be. For help in calculating the potential winnings or absolutely losses for any bet, use one of the many free online betting calculators.
This bet is ultra noteworthy if you know what you are doing. Professional punters use it all the time to basically 'hedge' their selections. They use this when whether betting on a horse at a big price, or absolutely when they feel that their option must at least place.
We will go in to the deeper values and uses of this superb betting tactic later in the series. Just begin to understand that this is naturally one of the very best horse racing bets available.
Horse Racing Bets - The Each Way AngleVisit : memory Target Telescopic Sight
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