Please explain this???

tucker1971

I am new to betting, but I have noticed a lop of tipsters giving 3/1 tips that tell the punter to back each way?
what is the point in this?
At these odds a place is still going to generate a loss or am I missing something here??

ManFromAtlantis

nah, you get your own money back too if winning bet.

tucker1971

ManFromAtlantis wrote: »

nah, you get your own money back too if winning bet.

I know that! I am talking if you put €50 e/w at 3/1. the horse comes second at 1/4 the odds you win €37.50 plus your €50 back, thats €87.50. Your total stake was €100. Resulting in a loss. At short odds why not just do the horse to win only, makes more sense?

NewApproach

:rolleyes:

Loss of €12.50 is different to a loss of €100.

Sometimes the best bets are e/w's on the 2nd/3rd fav, esp when theres a short price favourite who could be vunerable.

anti chris-t

One of the ideas of backing each way is to cover yourself if it comes in 2nd or 3rd as another poster said its preferable to lose 12.50 as opposed to 100. its especially good if your horse just gets acught on the line or the jockey fcuks up and leaves it too late

masterK

This is really the sign of a poor tipster, by tipping up at 3/1 chance each way they have about a 60% chance of being correct. They'll then pat themselves on the back for the brilliant tipping if their selection comes 3rd.

siobhan.murphy

Gary OBrien;SOLWHIT looks excellent each-way value at the 3/1 on offer this morning.


ha ha!

ManFromAtlantis

tucker1971 wrote: »

I know that! I am talking if you put €50 e/w at 3/1. the horse comes second at 1/4 the odds you win €37.50 plus your €50 back, thats €87.50. Your total stake was €100. Resulting in a loss. At short odds why not just do the horse to win only, makes more sense?

looks the odds dont lie, u get what you pay for. in this case youre betting to win but cutting your possible losses by knowing you may lose 12.50 instead of 100. no such thing as a free lunch. .............unless paddy p is wrong all along

kingshankly

disagree totally nothing wrong with 3/1 each way especially when you put a few together,say you have 4 money on favourites and you want to back the 2nd fav in each race at 3/1 in an acc for your €50 each way acc you get €468 which is a very good return involving little risk.
this is the reasons bookmakers dont like and sometimes wont take bets like theese

Nulty

I agree. It's not a value e/w, its insurance. Your backing a win, with a little cream on top for the place. But its only really value if your confident it will place. *Insurance*. Tipping should be about winning though not losing less money. It's hardly a great tip e/w 3/1