New Posts For Thread: Anyone making decent profits on place markets?https://community.betfair.com/horse_racing/go/thread/view/94102/30297167/anyone-making-decent-profits-on-place-marketsSometimes I think it must be easier than win only backing or laying (since you have the insurance/safety net of 3 places,etc) but my betting history suggest otherwise. Anyone doing well on these markets?When i back my selection to place i stick to handicaps no more than 9 runners at odds 3.0+ When i lay my selection not to place i find best with 7 runners or less so just payout on 2 places but never lay the outsiders because they place morehttps://community.betfair.com/horse_racing/go/thread/view/94102/30297167/anyone-making-decent-profits-on-place-markets?post_id=540315765#540315765When i back my selection to place i stick to handicaps no more than 9 runners at odds 3.0+ When i lay my selection not to place i find best with 7 runners or less so just payout on 2 places but never lay the outsiders because they place moreFri, 04 Jul 2014 17:32:48 -0500Commission can be a killer with that scenario - winning222.Two separate Markets - Two sets of Commission.If the Horse Places - You pay commission on BOTH the Win Lay and also on the Place Back bet.If the Horse Wins - You pay-out (Lose) on the Win Layhttps://community.betfair.com/horse_racing/go/thread/view/94102/30297167/anyone-making-decent-profits-on-place-markets?post_id=540315541#540315541Commission can be a killer with that scenario - winning222.Two separate Markets - Two sets of Commission.If the Horse Places - You pay commission on BOTH the Win Lay and also on the Place Back bet.If the Horse Wins - You pay-out (Lose) on the Win LayFri, 04 Jul 2014 17:19:31 -0500No point backing at low odds in the place market, if you had 60 bets £50 on each at odds of 1.2, you win 50 and lose 10 you would be -£25 5% commission don't make sense to mehttps://community.betfair.com/horse_racing/go/thread/view/94102/30297167/anyone-making-decent-profits-on-place-markets?post_id=540315325#540315325No point backing at low odds in the place market, if you had 60 bets £50 on each at odds of 1.2, you win 50 and lose 10 you would be -£25 5% commission don't make sense to meFri, 04 Jul 2014 17:07:18 -0500How about laying the fav (short price) and backing in the place markethttps://community.betfair.com/horse_racing/go/thread/view/94102/30297167/anyone-making-decent-profits-on-place-markets?post_id=540315161#540315161How about laying the fav (short price) and backing in the place marketFri, 04 Jul 2014 16:59:55 -0500It was nearly 3 when it finishedhttps://community.betfair.com/horse_racing/go/thread/view/94102/30297167/anyone-making-decent-profits-on-place-markets?post_id=540305105#540305105It was nearly 3 when it finishedFri, 04 Jul 2014 10:44:31 -0500^ 3yo ..https://community.betfair.com/horse_racing/go/thread/view/94102/30297167/anyone-making-decent-profits-on-place-markets?post_id=540304803#540304803^ 3yo ..Fri, 04 Jul 2014 10:29:59 -0500The unplaced Noseda 2yo was up for plenty under 1.2 and beaten, interesting as this looks workable.https://community.betfair.com/horse_racing/go/thread/view/94102/30297167/anyone-making-decent-profits-on-place-markets?post_id=540304787#540304787The unplaced Noseda 2yo was up for plenty under 1.2 and beaten, interesting as this looks workable.Fri, 04 Jul 2014 10:29:02 -0500The problem with dismissing place bets as poor value is that, a lot of the time, they aren't. I did the numbers for a year of lower-priced place and win bets, and was amazed at just how close most of the prices were to their long-term win rates. Theyhttps://community.betfair.com/horse_racing/go/thread/view/94102/30297167/anyone-making-decent-profits-on-place-markets?post_id=540299003#540299003The problem with dismissing place bets as poor value is that, a lot of the time, they aren't. I did the numbers for a year of lower-priced place and win bets, and was amazed at just how close most of the prices were to their long-term win rates. TheyFri, 04 Jul 2014 04:16:59 -0500best thing to do with place markets is just to keep laying the shorties on a progressive basishttps://community.betfair.com/horse_racing/go/thread/view/94102/30297167/anyone-making-decent-profits-on-place-markets?post_id=540295397#540295397best thing to do with place markets is just to keep laying the shorties on a progressive basisThu, 03 Jul 2014 17:33:31 -0500My friends call me the placepot kid cause i get many placepots up the reason in this is because i perm usually 54 72 and 108 bets at 10p or 20p in these perms i always have at least one sometimes two bankers impossible to have a banker place in everyhttps://community.betfair.com/horse_racing/go/thread/view/94102/30297167/anyone-making-decent-profits-on-place-markets?post_id=540295331#540295331My friends call me the placepot kid cause i get many placepots up the reason in this is because i perm usually 54 72 and 108 bets at 10p or 20p in these perms i always have at least one sometimes two bankers impossible to have a banker place in everyThu, 03 Jul 2014 17:26:55 -0500