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Back to listsTaking Advantage Of The Bookies
By R.s Billiard & Pool Table | 29-Sep-2019Clever bettors realise that the place terms of each-way betting aren’t often to the bookies’ advantage. This is what can be exploited by those in the know. Bookies like to have the odds always stacked in their favour, and more often than not, they do. However, each way betting can often expose a chink in their armour. Great each-way bets for punters can be found in races where there is a strong favourite. This usually sees a second and third favourite with only a small chance of causing an upset. However, they are are still likely to come 2nd and 3rd in the race. In these races, except for the favourite, the rest of the field often have high prices. These are every bookie’s nightmare races – but why?
Getting Favourable Odds
Bookies cannot set place odds that are different from the win odds. So, if the strong favourite has odds of 1.6, then the 2ndfavourite may have odds of around 5.0. The third favourite could even have odds as high as 11.0. Obviously, the favourite has a low price, but the 2nd favourite has a pretty decent 5.1 odds. So, if it’s a 9 horse race, the odds you’d get for that horse placing would be 20%. You would then get decent odds of 1.8 if it managed to place, which is highly likely.
Should you place your bet at a betting exchange where the placing and winning odds could be separate, then you’d likely get odds of around 1.45. So, we can see that odds of 1.8 would be pretty good value. You’d get a horse with a 69% chance of placing for the price of one that has a 55% chance.
Each-way betting is a great horse racing betting strategy if you know what to do. You need to check out the odds for the favourite runners in the race. If you know what you’re doing you can find a bookie’s weakness and expose it. Exposing the bookie is the perfect profitable horse racing betting strategy.
Another horse racing betting strategy to help you improve your likelihood of picking a winner is the points system. This is where you rate the front-running horses. You can use this system to help you keep an eye out for the horses on the very best form. The point system works as follows:
You need to score the horse over its last 3 races. This will give you the best indicator of its current form:
5 points for every win, 3 points for every 2ndplace, 2 points for every 3rd place and 1 point for every 4th place
Then you add points with the following system:
2 points if it has won over course
3 points if it has won over distance
4 points if it has won over both course and distance
2 points if the horse has been a beaten favourite
3 points if the horse is in the first 3 of betting
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