TheOldhamWhisper
21st May 2003, 19:06
Many Betfair users fail to maximise winning potential by ignoring the Place market. The main argument seems to be 'I don't bet on the Place because you get better odds Each Way at the Bookies'.
Wrong!!
In fact, any horse less than 5/1 (non-handicap) or 4/1 (handicap) will lose you money if it is only placed in an Each Way bet. This is because you need to cover the 'Win' part of the bet just to break even.
Take this into account and suddenly the Place odds on Betfair look a little more tempting.
I have done a simple spreadsheet for use in deciding if the Betfair price is worth looking at - you may be surprised at the results!
The important columns on the spreadsheet are the 'Place Odds' which reflect the odds for the place part of the EW bet. The 'Actual' column shows the 'true odds' of your returns.
You can use these to decide if the odds offered are value or not.
Wrong!!
In fact, any horse less than 5/1 (non-handicap) or 4/1 (handicap) will lose you money if it is only placed in an Each Way bet. This is because you need to cover the 'Win' part of the bet just to break even.
Take this into account and suddenly the Place odds on Betfair look a little more tempting.
I have done a simple spreadsheet for use in deciding if the Betfair price is worth looking at - you may be surprised at the results!
The important columns on the spreadsheet are the 'Place Odds' which reflect the odds for the place part of the EW bet. The 'Actual' column shows the 'true odds' of your returns.
You can use these to decide if the odds offered are value or not.