7-1,8-1,9-1,10-1 shots

curious guy

Just a mad theory but if one was to do say 8 or so bets around the above odds lets say 8 horses each way surely one would get at least one winner and maybe a few each ways...that would break even or better

id like to try it out as an experiment on but i wouldnt have the ability to pick that many of these bets if anyone would like to contribute there fancies ... I would like to test out this theory

NedTermo

you do know you have to pay double the stake for an eachway bet?

dsmythy

You'll be amazed at the losing streaks you'll get backing at those sort of prices. Only backing certain odds does not imporve your chances at winning in the long run.

curious guy

yeah say 8 bets a euro each way cost 16 euro and I win once with paddy power dats 11.60 and if i get 2 places dat would be 3.60 + 3.60 which would be 18.80...and any better results Im in profit no?

dsmythy

curious guy wrote: »

yeah say 8 bets a euro each way cost 16 euro and I win once with paddy power dats 11.60 and if i get 2 places dat would be 3.60 + 3.60 which would be 18.80...and any better results Im in profit no?

True but you're presuming you'll be able to back an 8/1 winner once every 9 times and a horse would place every two or three races. If only it was that easy!

curious guy

suppose that is the problem.... thats why I was looking for tips might make the chance greater... also odds probably would be better on betfair..

Nulty

The only tipster that comes to mind with that kind of span is Hugh Taylor on ATR. He backs some monster odds but predictably they win sparsely. He wouldnt be ATR's main tipster if he wasn't any good though...

j@utis

why not register on some fantasy betting website and give your theory a test run for say a week or two? and then come back here with results and conclusions? that would be interesting to see.

fintonie

the EW part mostly pays one fifth of the odds,

if you picked a tipster in Ireland, Scotland, Wales,England it would be interesting to see.

curious guy

okay thanks for the suggestions lads...

I will google this but anyone know of a good fantasy betting site off hand or any good tipsters that would be suitable ?

and I will let ye know how I get on?

thewools

Also IMO - DONT bet each way - the successful punters dont.

They bet on big odds when they reckon the Bookie has got the odds wrong!! Why bet each way? Instead on betting 10e/w put 20 on the nose. If you do have winners and have a 1/8 win rate with average odds > 10/1 you will have a return.

However if you do the same each way - chances are even wit the same win rate you will be down money as your win return is not as high and the place return is small.

raheny red

thewools wrote: »

Also IMO - DONT bet each way - the successful punters dont.

Yes they do! Not all of them, but some do regularly and make profit.

premierstone

thewools wrote: »

Also IMO - DONT bet each way - the successful punters dont.

LMFAO seriously this is sooo wrong its laughable you'll even find that teh majority od successfull punters will back as short as 3/1 and 4/1 each way

fintonie

premierstone wrote: »

LMFAO seriously this is sooo wrong its laughable you'll even find that teh majority od successfull punters will back as short as 3/1 and 4/1 each way

true the pro punters will EW 7/2 , 4/1 to protect there money,

meself if the race is paying quater the odds I go EW 8/1 or higher if its a fifth of the odds 10/1 or higher,

its only 28% or close to this figure of favs win over the racing calender, I am sure I will get corrected on this stat,

to be honest its not often I back a fav, there is plenty of value out there if you can find it.

curious guy

Thinking of trying this using the some onlline tipsters such as hugh taylor pricewise, gary o brien, tom lee and wayne bailey...with e/w bets

Collie D

premierstone wrote: »

LMFAO seriously this is sooo wrong its laughable you'll even find that teh majority od successfull punters will back as short as 3/1 and 4/1 each way

I remember reading "Add a Zero" and the author interviewed some pro punter who said he always backs e/w at 3/1 or more. Personally, I've stopped backing horses because I'm **** at it unless I get a tip from one or two guys who know their stuff. Will always back e/w at 4/1 or 5/1 depending whether it's a quarter or a fifth. Money back for second or third is better than a loss

therogue

you needs even money shots but try the martingale system.

The Martingale system is a very old and extremely simple system. It is based on the probability of losing infinite times in a row and is usually applied to 'even money' bets.
You start with one bet. If you win, you start again with one bet. If you lose, you double your bet. Each time you lose, you double your last lost bet. Eventually you are bound to win. When you win you would recover all your lost bets plus one unit (or chip) profit against your initial wager. Although infallible in theory, the Martingale system requires a large bankroll, has a very low return and is a very risky one because of the maximum bet limits imposed by the casinos. If you run out of money or reach the house limit, you can lose a lot with no chance to recover your losses. copy and pasted from the interyoke.

raheny red

therogue wrote: »

you needs even money shots but try the martingale system.

The Martingale system is a very old and extremely simple system. It is based on the probability of losing infinite times in a row and is usually applied to 'even money' bets.
You start with one bet. If you win, you start again with one bet. If you lose, you double your bet. Each time you lose, you double your last lost bet. Eventually you are bound to win. When you win you would recover all your lost bets plus one unit (or chip) profit against your initial wager. Although infallible in theory, the Martingale system requires a large bankroll, has a very low return and is a very risky one because of the maximum bet limits imposed by the casinos. If you run out of money or reach the house limit, you can lose a lot with no chance to recover your losses. copy and pasted from the interyoke.

Whatever you do, don't follow this approach.