Each Way Betting Discussion
Each Way Betting Advice
The following discussion from this morning regarding betting each way was lifted from the full member area at www.PunterProfits.com
Worth a read to any one who has ever bet a horse each way.
PunterProfits as a site.. well worth closer investigation if you are a thinking
punter.
There are many highly profitable tipping threads in the private forums there
whose results would blow any £2k a year glossy slick marketed tipster
away.
Not sure where to post this but here goes. I thought it could be useful for
some discussions/articles on general betting techniques and practices. I think
that there are some techniques that we can all learn from each other that will
improve our returns.
I would be interested to hear people’s thoughts on betting each way. I personally
rarely bet each way, with the exceptions of 8 or 16 horse races or if the market
has a particular shape eg odds on fav with 2 dangers and then mostly longer
odds. I notice a lot of threads where selections are advised each way so am
interested to understand what the stats are on this or whether it is just a
matter of personal preferences. I do think that there are definite situations
where value can be obtained each way (indeed there is a thread for 16 runner
handicaps) so hope this might be a useful topic for discussion.
Carl
I ONLY back in 16+ handicaps and always each way as its mainly the place money
I want. I have constantly made money doing this and run a small service to 10
other people and have done so for the last five years.
REASON is that in my opinion big handicaps are the only races that offer value
as bookmakers struggle to make ther books up early in these races. My problem
is that nearly all the book makers will not take my bets anymore, or just offer
me crappy sp – Betfair offers poor value early on as there is never enough money
to get a decent bet on, thats the reason I went down the tipster route.
I do not back any other method or follow anyone else on the site. Yesterday
I had 10 bets – NO winners, I few seconds unfortunatly but 5 did place @ 25/1
16/1 16/1 20/1 25/1 but still made a nice profit at just £10EW.
The method I use is Value, value value + a little bit of form smile.gif
To me its the only route to go, as following the short end of the market will
lead you to busto smile.gif
GL Padman
Hi Carl
Sounds like you are starting from the mathematical angle
of seeking race frames that offer each way advantage.
eg classic case of 8 runner race with a very short price favourite.
16 runner handicaps as per Padman again is in that realm.
It can throw up potential as well for the odd each way double.
More so a case of not taking the starting point of
I am going to find a few random horses to each way double every day,
instead .. the markets are throwing up this opportunity today
with two good each framed races.
eg say for arguments sake you have two horses with a
calculated zero positive or negative edge on the win side
but 10% value on the place side.
The double factors up that value to about 21%
It is another style of selective punt that the bookies do not like very much
smile.gif
A totally different angle on each way betting is from a bank management perspective.
eg If you ask the rough question of “I have fixed capital of £1000..
How best to I manage my betting of this method for optimal growth.”
Well sometimes an each way approach can be advantageous.
Likes of Kelly formulae will indicate % bank to use will vary with both ROI
and strike rate.
With each way betting there is potential to increase strike rate / reduce losing
run length
and draw downs etc.
That can permit additional aggression in terms of % bank which can in turn lead
to faster growth rate.
However not something to go into blindly.
More so done after research of a particular approach or method indicates is
favourable to do so.
In the back of my head I recall some research ( possibly by Dave ) indicating
each way
was less profitable than on the nose assuming random horse selections.
eg picture two betting shop mug punters who over the year each bet the same
randomly selected 500
horses at 10/1 over the course of a year.
The punter who bets each will have much more pleasurable experiences when landing
place returns. The win only punter may endure losing runs with much fewer pleasurable
days.
However add up at year end what they have won or lost and the win only punter
will have
lost less than his each way betting mate.
So for average betting shop mug punters who often focus “on the day”
rather than long term
each way can be a psychological trap set by the bookmaker.
But it is also an exploitable trap by the shrewd who can identify the correct
frame of race
where the maths and numbers move from bookmaker to punter.
Cheers
Mick