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A key factor in your betting success is how you handle the inevitable losing runs. If betting win-only, you earn bigger profits — The size betting bank you need to use should be bigger to absorb your potential losses, which will ultimately reduce your take home pay.
Secondly and perhaps of the upmost importance is how easy you find it to cope with longer losing runs. Cue lots of wailing and gnashing of teeth! How you handle these extra drawdowns and losing runs mentally can make a big difference to your betting. To go back to my original question, the answer on whether to back each-way or to win actually probably does rely on your preferences. Are you happy to take more of a risk, make more profit but endure longer losing runs? In this instance backing win only is the right choice..
Or perhaps you prefer to be more cautious, make a bit less profit but keep losing runs shorter? Each-Way betting could be the way to go. Of course, this analysis only focuses in on one tipster and others may derive different results, but it should showcase the best way to approach this key question on a case-by-case basis. I hope these five steps will help you find the most profitable tipsters to suit your betting! This article has been written in association with Peter Ling from independent tipster proofing service Secret Betting Club.
It is a subject dear to my heart and has been for 50 years! You sound like me talking — could have written it myself — you put it so well Thanks John Kerr. This is a value betting opportunity. To be successful, both horses need to win. Not enough to get back the losing part on the win double. As a place double 1. Enough to cover the losing win unit stake and make a small profit on the bet. Expand this further, combining three horses with place odds of 1.
This makes the place treble a profitable bet even if the win part of the each way treble is a loser. So you can structure your bets in bad each way races to benefit from advantageous place terms. The real upside is when the win part of the bet lands. The place part of the bet almost acts as an insurance, but you can make significant wins when the win part is successful. This is not a new strategy as already mentioned bookmakers are very averse to taking each way multiples that include bad each way races.
Your stakes will be restricted. There are ways and means to get on, you just need to be a bit smart and keep your activity under the radar. Your email address will not be published. Social Links. Contents What Does each way Mean? Each way bet explained The place terms that apply to each way betting? What is a bad each way BET? Pin it. Cheltenham Festival. View Post. How To Win.
Click here now for today's international horse racing tips! Check back on this page for daily Nap tips throughout the year, or click now for today's NAP! Dark Horse Tips By monitoring the bookmaker odds, we cover Dark Horse Tips to present win and each-way outsiders that hold value.
Grab today's Dark Horse Tip by clicking here now! Click here now for today's Sky Bet Rab Tip! Longshot Tips For a handful of each-way horse racing tips, we provide Place Longshot Tips in the form of a horse accumulator bet. Click for today's Place Longshot Tip! Latest Antepost Bets We provide ante post tips and odds on our Antepost Tips Page, featuring predictions for all major horse racing events.
Click now for antepost tips for upcoming races. Free bet rewarded as 4 free bets that total first deposit amount. Winnings credited in cash. New customers only. If you place a multiple at least one selection must meet the min odds requirement. Only deposits made using Cards or Applepay qualify. Qualifying bet must be placed and settled within 30 days of account opening. New customers only, limited to one per person. Only deposits made using Cards or Paypal will qualify for this promotion.
New UK customers only. This offer is valid for 7 days from your new account being registered. Full Terms apply. New Customers only. Returns exclude Bet Credits stake. PayPal and Card Payments only. Please Gamble Responsibly. A selection which finally does not participate in a race or competition for which it was entered.
What are odds? The price available on a selection for a bet from a bookmaker. On The Nose. What does on the nose mean? Each way means you back the horse to win AND to finish in the paid places usually 2nd to 4th depending on the type of race and your stake is split on those two bets.
So with each way you put less money on the win, unless you double your stake. On the nose all your stake goes on the win. What are picks in betting? Tips given by experts tipsters on selections they believe have a good chance of winning or getting results.
What does places mean? A small number of runners might mean only the first two finishers place, whereas in a big field down to fifth or sixth might be considered a place finish. What is a pony? Another colloquialism for a sum of money.
What does betting price mean? The odds a bookmaker offers bettors on a selection. What is a punter? A customer or bettor. The person placing the bet with the bookmaker. What does retuen mean in betting? What is a score? What is a betting selection?
The athlete, player, team, individual, greyhound, horse, etc, that the punter has their bet on. What is a betting stake? The amount being put down or placed by the bettor on the bet. Stake units refer to the value of each part of the stake in a multiple bet. Starting Price SP. What is the starting price? The final odds on a selection at the point the race starts. What are betting tips? Also referred to as picks, these are predictions shared with the public, or indeed paying punters in some instances, by betting experts.
These experts are also called tipsters. Tote bets. What are Tote bets? Estimated returns or dividends for successful bets are available beforehand, but the actual amounts to be paid out are only finalised after the race when all the money has been put in.
What are winnings? The amount earned from a successful bet profit on top of the returned stake. What does X mean? Stands for a draw in a 1x2 bet such as those on full time results football matches. Bet Types. There are many different types of horse racing bets that you can choose from. The number of options make wagering on the horses more enjoyable to horse racing fans, although the range in bet types and even just the name of some bets can seem confusing to a beginner.
However, the objective of each bet type remains the same, money is placed on a horse or horses to finish in a specified position and if the outcome is what you predicted then you win. The amount of winnings depends how much was staked and the odds the bet was taken at. Punters that are new to horse racing will usually stick to the most basic bet types. These bets usually involve making just one selection.
What is a single bet? In this situation you can back the horse to place. What is a place bet? By making a place bet there is a greater chance that you will be successful however the odds for a horse to place are lower and therefore the pay out will be less than if you had backed the horse to win. Punters could also choose a bet type which gives them the opportunity of a large pay out from a win bet and the security of a place bet.
What is each way bet? As you become better at picking winning horses then you may want to try a more complex bet. What is a Straight Forecast? What is a Reversed Forecast? To increase your chances of success even more you can choose more than one selection for first and second place. What is a Combination Forecast? Here you may have 3 or more selections and will need two of them to fill the first two places, in any given order.
Forecast bets are more challenging but the potential returns are also greater. For the chance to see even more value from your bet you can also select which horses will finish in the first three places in the race. What is a Tricast?
What is a Combination Tricast? As well as betting on more than one runner in a race you can also select horses from different events. For example you could back one horse in a race at Doncaster and one in at a race at Ascot. What is a Multiple bet? What is a Double bet? What is a Treble bet? What is an Accumulator? The stake and return from the first selection rolls on to the next, until the final bet is settled.
Of course, a losing selection results in the accumulator being settled as losing bet. Some bettors prefer to have a combination of different bet types. What is a Trixie? To gain a return from this bet type, the bettor must successfully pick two winners, though three winners will see each of the four bets within the Trixie settled as winners. What is a Patent bet? In this bet you have three singles, three doubles and a treble, meaning just one winner is needed to lock-in a return. What is a Yankee bet?
In this bet you will have six doubles, four trebles and a four-fold accumulator, meaning the bettor requires a minimum of two winning selections to gain a return. What is a Canadian bet? What is a Heinz bet? The bets which make up this multiple bet are as follows; 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators and 1 six-fold accumulator.
What is a Super Heinz bet? The bets within the Super Heinz are; 21 doubles, 35 trebles, 35 four-fold accumulators, 21 five-fold accumulators, 7 six-selection accumulators and 1 seven-fold accumulator. What is a Goliath bet? The Goliath bet includes the following; 28 double bets, 56 treble bets, 70 four-fold accumulators, 56 five-fold accumulators, 28 six-fold accumulators, 8 seven-fold accumulators and 1 eight-selection accumulator. What is a Lucky 15?
The Lucky 15 is made up of; 4 singles, 6 doubles, 4 trebles and 1 four-fold accumulator, and therefore the bettor requires just one winning selection to achieve a return. What is a Lucky 31? What is a Lucky 63? The bets which make up this multiple bet are as follows; 6 singles, 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators and 1 six-fold accumulator.
One winning selection in this bet type would lock-in a return, whilst 6 winners would lead to a generous return, as all 63 bets involved would be settled as winners. What is an Alphabet? This bet type consists 2 Patents which make up 14 bets , 1 Yankee a further 11 bets and a six-fold accumulator 1 bet.
What is a Round Robin? What is a Flag bet? What is a Super Flag bet? Betting Terms. What is Arbitrage? Betting across multiple betting providers is crucial to this concept. What is In-Play Betting? In-play prices are likely to change quickly and often and will usually differ from the starting price. What is Spread Betting? What is Matched Betting? The back bettor, who is betting on an outcome to happen, will be notified when their bet has matched, with this bet type often linked to an exchange platform like the Betfair Exchange.
What is SP? The SP is an average of prices from across the betting industry. What is BSP? What is Dutching? What is Hedging Your Bets? This technique almost acts as an insurance mechanism when done correctly, and can eliminate the chance of losing, with the bettor able to guarantee a return before the event has finished. What is Cash Out? In addition, Cash Out allows you to take a loss in running, for example if you think your selection will no longer win the race, you can take a loss on your selection, but at least get part of your stake back.
What is Overround? The level of Overround differs across betting providers, markets and events.