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Betting stakes each way each face

You get a dividend for third place in a race with eight or more runners. You can select any number of possible winners for each race. The number of horses you pick will determine how much you pay. For example, if you wanted to pick three horses in the first leg, seven for the second, one for the third and four for the last leg then that comes to 84 possible combinations.

If you want a higher chance of winning there is an option to box your Trifecta, which means you will win if your three horses come first, second and third in any order. This bet is the same premise as the Trifecta but instead of picking the first three horses, you must pick the first four. Unlike a Trifecta or First4 your horses can place in any order so long as they are the first two to cross the finish line.

Picking which horse you like is hard enough, let alone actually betting on them. Log in Sign up. Log out. Video Image It's the biggest race on the Australian sporting calendar but who'll take top spot? It is what it is. So you need to trust the EV and stay the course in both good and bad times.

You need to ride the variance. So as long as you keep placing bets, your profits will move along this line. A good time to find opportunities is between Then between you can find some good bets for the evening races. I hope you found the Each Way matched betting guide useful.

Every 2 weeks, I send a handwritten email with honest, valuable content. If you want to receive it please subscribe below! No spam, ever. It is a powerful strategy, indeed. When multiple websites offer the same competitive odds for a horse for one race, do you bet on the same horse on different websites, or just choose one website to bet on the horse?

Two very important questions KC I did not cover! Pick the one you care the least about or the one that makes sense for your balances. To answer your 2nd question: I sometimes bet on 2 horses on the same race but never with the same bookmaker. I think it makes sense to bet on as many horses as the number of places paid if that makes sense. I was wondering about simillar strategy but in shop.

Hi Michael, great article. I was just wondering whether you bet the same EW bet on multiple bookies or just lots of different EW bets on multiple bookies. Awesome Foxy! EW has been my little secret for over 6 months now. One thing that increases your profits is doing accumulative horse race bets. For example, you can combine two horses with the odds of 4 into a new bet, or 3 horses to a triple, 4 to a quad, etc.

This increases your bets placed massively and thus your profit! Well done! I have heard about multiples, thank you for bringing that up. But variance increases as well which is why I have avoided triples and quads so far. But I still get offers which is strange. Another bookie restricted me to 50p a long time ago before EW so I guess not all restrictions are the same. There are a lot of bookies that you can EW bet with, I have at least two dozen in my spreadsheet.

I also gnome with 3 other identities quadrupling my accounts. I hope I will have made a good dent in my FI fund by then! Is betting with different identities a common secret amongst all matched bettors? How many races do you bet on each day? I am thinking of getting involved but I get the impression that this is only profitable if you bet on as many races as possible. I usually place about 20 bets a day.

You just need to check your phone every now and then as you go to get a coffee, toilet, etc. Does the number of horses running in an event affect whether you should bet on it given a positive EV? Should I aim for those races with just 8 horses running to increase chances of a place? Thanks Nick. Hey Nick, the number of horses is a bit controversial so I decide not to count it as a factor when deciding on what to bet.

Races with 8 horses offering 3 places looks like a better deal than 10 horses with 3 places. However, on one hand the odds should be lower for 8 horses and on another hand, if one horse withdraws from the race of 8 places, then the race will only pay 2 places which is not great. Therefore, if something, I try not to bet on races where 1 horse dropping reduces the number of paid places. Your value strategy looks promising Darren.

Especially if you can automate it with software. Each Way Sniping is something I want to look at. Selenium might come handy here. Regarding EW no lay, how many bets have you placed with EW no lay? The volatility comes and goes. I stumbled across each way value and can see this being stable for a lot longer, smaller amounts, but lots more bets should start to see a profit, and using automation for getting the extra out of the bet seem like a good strategy?

Currently got, PP, and a couple of other nearly ready for testing, the other bookmakers generally should not be an issue, it they have a website it can be automated, PP is now fully automated for cash out and after some initial testing yesterday and a few tweeks I think it will work fine, so will be getting testing underway today, just not a lot of each way value horses using the sniper software for PP, I have changed to your recommend settings so I will see how it goes, if not I have to do some random horses after a look through whats running!

Well Done, Darren. Also cashing out before the race starts even at a small loss is a great way to hedge your bets and extract profits regardless of what happens. What do you mean by EW value system via EW sniper? Is this the EW arbing on OddsMonkey? Mainly the fact that I have to automate it for each and every bookmaker. EW Value system,, it basically uses Mike Crukshanks value betting system, backing via EW value bets, but he has automated the placing of bets, all be it in a crude way, but it works.

More testing tomorrow. Not to sure what you mean about can only work on Betfair? Am I missing something or is it just a natural variation? Very good question Patrick. I believe the increased ROI comes partly from the extra odds boosts that some bookmakers offer. Then some other bookmakers will offer free bonuses if 2nd to the SP fav.

Bet also does the amazing free bet in the next race if your horse wins which is extra profit. What am I missing?? It may be just one dry day or so. I got many opportunities in June when the horse racing re-started after Covid. Make sure you include as many bookmakers as possible.

Ironically, the higher the odds the bigger the profit for me, even after accounting for the fact that I win less often. Thanks for the article — very useful! Just been getting into EW matched betting as most of my accounts have been gubbed. There are still quite a few that I can use though. Have to admit, though, that placing EW bets with lays has been quite stressful, with odds fluctuating a lot and prices not being matched right away, so I can see the value in no lay being no hassle.

What do you think? It really depends on the bookies. Some like bet let me bet for a long time before they stake restrict my account to zero. The best course of action for me was to start no-lay with small stakes and across many bookies at the same time. Hope that helps.

Thanks for the reply! I have been placing up to 3 bets on the same race for different horses quite a lot, though… maybe this is something best avoided? Should I maybe wait for higher ratings to come in? No-lay requires very small stakes, at least in the beginning. Notify me via e-mail if anyone answers my comment. Coffee addict :. Start Here All Posts Resources. March 28, Michael.

Contents What is an Each Way bet? Why is Each Way Matched Betting profitable? How much should I bet? Selection criteria Each way advantages vs normal matched betting Tracking your each way bets Each way betting top tips. Bigger bankroll as your money is not tied up on the exchange.

Higher profits thanks to paying zero commissions. Low hassle logging bets no lay! Ease of placing bets from your mobile. Losing money short-term due to huge swings variance. Mood swings - Losing trust in the method short-term. Share this article:. Share on facebook. Share on twitter. Share on pinterest. Share on whatsapp. Liked this article? First name.

You may also like How to Buy Bitcoin through your Limited Company. Reflections Thanks Reply. Hi Michael, Thanks for this, really helpful! Apologies just noticed the previous question is the same Reply. Oh amazing, thank you for your quick response and it all makes sense! Thanks Nick Reply. Will let you know how it goes. Darren Reply.

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The six-year-old, who is still He said that he'd read in PPM that each way betting was bad b Part 2. It may seem as if you should get one third of the straight-out price if there are eight or more runners; in fact in most situations the correct odds lie somewhere between one third and one quarter of the straight-out quote. Consider the hypothetical case of a race in which there are nine evenly matched runners. So in this case, a quarter of the odds is theoretically correct.

For eight evenly matched horses, the theoretical place odds are slightly less than one quarter of the win odds; but as the number of runners increases, the theoretical odds become increasingly greater than one quarter of the straight-out odds, although they never get as high as one third. For instance, in a field of 24 starters which occasionally occurs in sprint races at Flemington , hypothetical win odds of should give rise to place odds of very nearly one third.

But these hypothetical fields, with evenly matched horses, do not occur in practice, and we are concerned with practical punting. It is, however, possible to modify these theories to more realistic situations and to apply them on-course. I stress 'on-course' because it is in the realm of place and each-way betting that the on-course punter enjoys the greatest advantage over the stay-at-home TAB punter.

Consider the still hypothetical, but more realistic, situation in which five horses can be conceded a winning chance, and the remaining runners are at long odds. The outsiders provide the bookie with his profit margin. But by backing him each way at you are getting even money for your place bet. Of course an outsider can still get up, or nudge you out of a place, but this does not alter the fact that the place portion of your each-way bet is good value-better value than the straight-out portion.

This, then, is a situation where you could reasonably bet each-way. Why not just back your selection for a place? Because you won't be offered even money. A straight-out bookmaker can hold the necessary on five horses each at ; but the same five horses at evens the place will bring in only for a place bookie instead of the he needs to balance his book. He can only afford to offer you ON. Similarly the place tote will be offering an average return of only 83 cents rounded down to 80 cents , assuming again that investments on the outsiders provide the tote with its profit margin.

Despite this, you probably won't have much difficulty in obtaining each-way if you shop around the field would be described as an open race by many people, and one on which plenty of bookmakers would be operating each way. The 'win-only' signs go up all through the ring when the favourite is odds-on, or near it. Any fielder displaying an 'eachway' sign will be offering more cramped odds about those runners other than the favourite-but in the circumstances an each-way bet at a lower price may provide better value than a straight-out bet on the same horse.

The further the favourite is into the red, the more pronounced may be this advantage. Let's consider a race with eight or more runners in which the favourite F is quoted at evens; you think it will probably win, but you're not prepared to accept the odds, and you think that your selection S offers better value at The best you can see each-way, however, is , and of course the place bookies and the tote have S at ON the place.

What should be the theoretical odds about S for a place? The arithmetic gets a bit complicated, but in fact ON is a reasonable price to accept for the place. Now which is the better bet straight-out, or each-way? So in this case, each-way is better value than straight-out.

This may be a suitable point for discussing each-way bets at less than Many punters, perhaps the majority, will not consider an each-way bet unless they are offered so-called each-way odds. Their reasoning is understandable; a 'winning' bet at each-way will result in your losing money if the horse runs second or third.

Other punters take this reasoning a stage further, and don't bet each-way unless the bet will show a profit if the horse runs a place. They won't take each-way, and may have a personal rule limiting each-way betting to horses at or longer, or or longer. Such a view is rather short-sighted, as I think has been shown by the example we have just considered. Several professional punters I have talked to go to the opposite extreme, making something of a speciality of backing selected favourites each-way at prices of and even shorter.

The type of situation where this applies is one in which you think the favourite can win, but there is one logical danger or at most two other horses which can be given a real chance of winning. This most usually occurs in restricted class races at provincial meetings, but occasionally similar situations crop up in the city. The two 'dangers' might be around , with double-figure odds available about the rest of the field.

Backing the favourite at each-way gives you odds of ON for the place, when you think it is a near certainty to run a place. It is usually not difficult to get set eachway on the favourite in such a race. Eachway bookmakers may have the logical dangers at instead of , but so few punters will want to back the favourite each-way that it is unlikely to be shorter with the 'win-and-place' than with the 'win-only' bookies. The straight-out price in column 3 has been rounded up, so that any given combination in columns 2 and 3 will be at least as profitable as the each-way bet in column 1.

For combinations which have been omitted, use the next shorter price for a place, eg. If each-way is available, a place bet at on can be treated as on and profitability coupled with a straight-out bet at but not at Click here to read Part 1. Recommended Article. Popular You may like Recent. Rostova heads Blue Diamond Preview noms. Mr Slick returns to winning form. UK plans scrapped for Northern Meteor. Viewed, Moatize eye Sydney Group Ones. Oliver replaces Brown on Apache Cat. Orr Stakes 'ideal' for Light Fantastic.

Rosehill races put back due to forecast. Killian learning all the time. Bigger things ahead for Manaudou. Zarita a good roughie for Orr Stakes. Each Way Forever? It's all over for Harbinger Macau star set for Aussie campaign. Latest betting moves for Scone's Cup day on Friday. It's history in the making as Macau's best arrive for the spring racing. Eachway Dilemma. Macau champ heads to Perth. Cup punters throw early money at French stayer Brigantin. Price movers for Saturday Luen Yat's draw buoys Moody.

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BETTING ODDS ROULETTE TABLE IMAGES

Here are your latest best bets to take the top prize. Picking a winner is never easy. Source:Getty Images. This is one of the most straightforward bets you can choose, so if you want to keep things simple go for one of these. With a Win bet you simply pick the runner you think will finish first in a particular race.

If your hose finishes first then you win. With a Place bet you choose a runner and if they finish first, second or third then you get to collect your win. You get a dividend for third place in a race with eight or more runners. You can select any number of possible winners for each race. The number of horses you pick will determine how much you pay. For example, if you wanted to pick three horses in the first leg, seven for the second, one for the third and four for the last leg then that comes to 84 possible combinations.

Then as we build confidence in our strategy and see the results, we can slowly increase our stakes. This is not the strategy! You will more likely become broke in no time. Obviously, we want to only take those bets with positive Expected Value EV. If the number is positive, then the EV is positive. This filtering is recommended by the legendary Pingus post on OddsMonkey and so far it has paid well! Oh yeah… speaking of which… I always start each way matched betting on the gubbed accounts.

Gubbed means promotion restricted. I am not afraid of losing the account since I get no promotions anyway. The only harm they can do me is to stake restrict me to 1p which means the account is pretty much dead. But I bet on healthy accounts too and have not lost any yet. There are so many bookies to choose from but you cannot have a big amount in all of them. You want to go with the ones that offer the most profitable EW odds but are also easy to navigate while at the coffee queue!

You can also apply a filter on the EW Matcher to only get notifications for your own bookmakers which is great. I find that I bet no lay each way more and more these days. Once I realised how quick and easy it is, I got hooked. This will take some time to develop but that will be the definition of passive income! I am not fancy when it comes to tracking my bets.

I use a custom spreadsheet to track the following columns:. Number of runners, fractional payout 4 or 5 are also things you can track. But Rating, in my opinion, is quite important for future analysis. I find the above system easy to fill and rich enough to draw statistics. But what if I bet on my mobile? If I bet on my mobile, I will make a note of the horse name, race time, bookmaker and expected value at the time of placing. Then you go back to settle it.

I imagine the reporting side of it will get better over time too. It is what it is. So you need to trust the EV and stay the course in both good and bad times. You need to ride the variance. So as long as you keep placing bets, your profits will move along this line. A good time to find opportunities is between Then between you can find some good bets for the evening races. I hope you found the Each Way matched betting guide useful. Every 2 weeks, I send a handwritten email with honest, valuable content.

If you want to receive it please subscribe below! No spam, ever. It is a powerful strategy, indeed. When multiple websites offer the same competitive odds for a horse for one race, do you bet on the same horse on different websites, or just choose one website to bet on the horse? Two very important questions KC I did not cover!

Pick the one you care the least about or the one that makes sense for your balances. To answer your 2nd question: I sometimes bet on 2 horses on the same race but never with the same bookmaker. I think it makes sense to bet on as many horses as the number of places paid if that makes sense.

I was wondering about simillar strategy but in shop. Hi Michael, great article. I was just wondering whether you bet the same EW bet on multiple bookies or just lots of different EW bets on multiple bookies. Awesome Foxy! EW has been my little secret for over 6 months now. One thing that increases your profits is doing accumulative horse race bets.

For example, you can combine two horses with the odds of 4 into a new bet, or 3 horses to a triple, 4 to a quad, etc. This increases your bets placed massively and thus your profit! Well done! I have heard about multiples, thank you for bringing that up. But variance increases as well which is why I have avoided triples and quads so far.

But I still get offers which is strange. Another bookie restricted me to 50p a long time ago before EW so I guess not all restrictions are the same. There are a lot of bookies that you can EW bet with, I have at least two dozen in my spreadsheet.

I also gnome with 3 other identities quadrupling my accounts. I hope I will have made a good dent in my FI fund by then! Is betting with different identities a common secret amongst all matched bettors? How many races do you bet on each day? I am thinking of getting involved but I get the impression that this is only profitable if you bet on as many races as possible.

I usually place about 20 bets a day. You just need to check your phone every now and then as you go to get a coffee, toilet, etc. Does the number of horses running in an event affect whether you should bet on it given a positive EV?

Should I aim for those races with just 8 horses running to increase chances of a place? Thanks Nick. Hey Nick, the number of horses is a bit controversial so I decide not to count it as a factor when deciding on what to bet. Races with 8 horses offering 3 places looks like a better deal than 10 horses with 3 places. However, on one hand the odds should be lower for 8 horses and on another hand, if one horse withdraws from the race of 8 places, then the race will only pay 2 places which is not great.

Therefore, if something, I try not to bet on races where 1 horse dropping reduces the number of paid places. Your value strategy looks promising Darren. Especially if you can automate it with software. Each Way Sniping is something I want to look at. Selenium might come handy here. Regarding EW no lay, how many bets have you placed with EW no lay? The volatility comes and goes. I stumbled across each way value and can see this being stable for a lot longer, smaller amounts, but lots more bets should start to see a profit, and using automation for getting the extra out of the bet seem like a good strategy?

Currently got, PP, and a couple of other nearly ready for testing, the other bookmakers generally should not be an issue, it they have a website it can be automated, PP is now fully automated for cash out and after some initial testing yesterday and a few tweeks I think it will work fine, so will be getting testing underway today, just not a lot of each way value horses using the sniper software for PP, I have changed to your recommend settings so I will see how it goes, if not I have to do some random horses after a look through whats running!

Well Done, Darren. Also cashing out before the race starts even at a small loss is a great way to hedge your bets and extract profits regardless of what happens. What do you mean by EW value system via EW sniper? Is this the EW arbing on OddsMonkey? Mainly the fact that I have to automate it for each and every bookmaker.

EW Value system,, it basically uses Mike Crukshanks value betting system, backing via EW value bets, but he has automated the placing of bets, all be it in a crude way, but it works. More testing tomorrow. Not to sure what you mean about can only work on Betfair? Am I missing something or is it just a natural variation? Very good question Patrick. I believe the increased ROI comes partly from the extra odds boosts that some bookmakers offer.

Then some other bookmakers will offer free bonuses if 2nd to the SP fav. Bet also does the amazing free bet in the next race if your horse wins which is extra profit. What am I missing?? It may be just one dry day or so.

I got many opportunities in June when the horse racing re-started after Covid. Make sure you include as many bookmakers as possible. Ironically, the higher the odds the bigger the profit for me, even after accounting for the fact that I win less often. Thanks for the article — very useful! Just been getting into EW matched betting as most of my accounts have been gubbed. There are still quite a few that I can use though. Have to admit, though, that placing EW bets with lays has been quite stressful, with odds fluctuating a lot and prices not being matched right away, so I can see the value in no lay being no hassle.

What do you think? It really depends on the bookies. Some like bet let me bet for a long time before they stake restrict my account to zero. The best course of action for me was to start no-lay with small stakes and across many bookies at the same time. Hope that helps. Thanks for the reply! I have been placing up to 3 bets on the same race for different horses quite a lot, though… maybe this is something best avoided?

Should I maybe wait for higher ratings to come in? No-lay requires very small stakes, at least in the beginning. Notify me via e-mail if anyone answers my comment. Coffee addict :. Start Here All Posts Resources. March 28, Michael. Contents What is an Each Way bet?