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Each way betting

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Replies: 86
By:
swiftynifty
When: 30 May 25 16:00
14/1 2nd place, 5th odds, you don't even double your money and people say great selection, great bet. You'll go skint if you think that'll work.
By:
Delashay
When: 30 May 25 16:20
5th the odds was put in to squeeze the balls out of the under odds markets even more.

Big Mac would have been saying it too, unlike the people on tv now.
By:
Delashay
When: 30 May 25 16:25
For the French 2000 they were happy to offer 5 places.

For the 1000 Guineas with the hot hot Fav for the Aga they only offered 5th 1,2.3!!! (Only two places were up for grabs)

So that was obviously a terrible race to play EW, you have to adapt. The goal posts are continually being moved in the bookies favour. 

I always thought Cheltenham a rip off with 3 places a race with a Mullins hot pot making it like the French 1000.
By:
Hayden
When: 30 May 25 16:25
5th odds a place is a gift when the mathematics say it should be either a 10th or 12th.
By:
Delashay
When: 30 May 25 16:29
As you say each to their own, I like multiples and the payout at 1/5 is altered dramatically compared to 1/4.

Group 1’s were always 1/4 the odds and should be because with the domination of O’Brien on standard terms you’re playing for 2 places.

So I agree ew isn’t good.
By:
Delashay
When: 30 May 25 16:33
I can recall a very happy Dr Jim Hay after his horse won at Ascot, in the big sprint, at a big price.

He was singing the virtues of betting each way and shopping around for boosted place terms. Think he said sly were offering 5 places and he filled his boots! He said why take 3 when you can get 5!

What he didn’t say was how he staked it.
By:
formoftheace
When: 30 May 25 16:35
Nothing wrong with 1/4 in a 5 - 7 runner affair…..
By:
Delashay
When: 30 May 25 16:45
But now they price up races anti post with 8 runners and offer only two places. That’s wrong by the EW terms. If they know of a likely non runner don’t list or put a market up because it’s false.
8 runners = 3 places.
By:
barstool
When: 30 May 25 16:46
Back in the 50s and 60s it was 1/3 ace.
By:
Delashay
When: 30 May 25 16:48
Before my time Barstool, but crikey they really have squeezed the stuffing!
By:
formoftheace
When: 30 May 25 16:48
Before my time barstool…..quarter the odds in a small field…
By:
saddo
When: 30 May 25 16:56
Quest for fun looks a fair e.w bet at 7/1 6 places tomorrow, York 5.00
Should shorten up if they get rain.
By:
barstool
When: 30 May 25 17:02
Squeezed the pips out of everything.

Can anyone else remember how they cut and cut the old Chart Forecast on the greyhounds?
By:
Hayden
When: 30 May 25 17:06
Back in the grim days of the seventies big companies ( Lad's for example ) went 1/8th odds a place 1,2,3 when the fav was odds on.
By:
1st time poster
When: 30 May 25 17:15
chart fcast for greyhounds ,great days
the beige/orangey greyhound racecard sat morning hackney dogs in laddies Laugh
By:
Hayden
When: 30 May 25 17:17
Remembering the wall chart horse racing forecast and how that went for a burton following that 3 horse race between Little Owl , Venture To Cognac and Great Dean in the bad old days.

If you can find that video somewhere the late Jim Wilson's pulling up of Little Owl at around 4/11 put paid to that f/cast chart , would be a thread of epic proportions if that race was yesterday and might put yesterday into some perspective.
By:
The Management
When: 30 May 25 17:30
1st time poster30 May 25 17:15Joined: 25 Dec 05 | Topic/replies: 57,251 | Blogger: 1st time poster's blog
the beige/orangey greyhound racecard sat morning hackney dogs in laddies


Assume you mean the Jackson & Lowe wall-chart?

I had a mate that swore if they Napped a Trap One at Bristol - you would always collect Laugh - tbf he never bought a round and often wanted a loan. CryGrin
By:
1st time poster
When: 30 May 25 17:33
Sad
By:
Hayden
When: 30 May 25 17:48
Brings back memories        Grin


Mark Coton's account:-

"The 1982 Fulwell Chase at Kempton Park appeared
a mundane contest. True, the Gold Cup winner
Little Owl was in attendance but he faced only
two rivals in Venture To Cognac and Great Dean.

"Venture To Cognac had some useful form to his
credit but had become injury-prone and was
considered to need the run. As for Great Dean,
he had been pulled up at lowly Fontwell and
needed a miracle if he was to win such
a valuable prize.

"Little Owl was sent off the 4-11 favourite,
Venture To Cognac 5-2 with Great Dean appearing
for all the world a lost cause at 66-1.

"As far as winning the race was concerned,
Great Dean was virtually friendless.
On the course and in the betting shops it was
only the odd `just-for-fun' merchant and
habitues of the `outsider-of-three' system who
gave him even a moment's consideration.

"Or so it seemed. But dotted about the country
were a handful of shrewd punters who had spotted
the chance to make a killing on the race.
A chance, that's all. Those shrewdies didn't
_expect_ to pickup but knew exceptional value
when they saw it.

"And what a killing! Not only were these punters
expecting to receive odds of around 150-1 on
their bet, they were also gleefully awaiting
the chance to make fools of the big bookmakers.

"For once, the bookmakers had made a `rick' and
a mighty serious one at that.

"The mistake was in the format for the then
relatively new Computerised Straight Forecast
(CSF), which allowed for inflated dividends should
a long-priced outsider make the frame in a small
field.

"The Fulwell Chase offered an ideal chance to
exploit this loophole. All it needed was for
Little Owl to fail to complete the course (as
he had done at Cheltenham on his previous start)
and this would enable Venture To Cognac to win
with Great Dean hopefully putting in a clear round
to come second.

"The race went entirely to script for these
backers. Little Owl leading and seemingly
going well, swerved and was pulled up by
jockey and part-owner Jim Wilson at the 10th.

"This left Venture To Cognac clear of the already
tailed-off Great Dean. The former sauntered round
to win by a distance and Great Dean, with forecast
backers holding their breath, completed in his own
time to earn a place in the history books.

"Little Owl's bit had reportedly slipped, but
the bookmakers were not happy, especially when
they realised the extent of their liabilities.

"Payment was held back while BOLA and the racing
authorities carried out an investigation into
the race. No evidence of any misdemeanour was
produced and the bookmakers, suitably chastened,
paid out.

"They also called in their computer people to
change the format of the CSF to avoid such inflated
dividends in small fields in the future, and
the result was what is disingenuously referred
to as the `Harmonic formula' for producing CSF
dividends. Today, if Venture To Cognac were to
beat Great Dean in identical circumstances, backers
would receive odds of only 15-1.

"This was a blatant over-correction and the few
punters who were on were crying foul after
after the 1989 Eclipse in which Nashwan at 2-5
beat 200-1 shot Opening Verse. Those that had
the combination were dismayed to receive odds
of only 24-1 (the Tote paid over 50% better at
38-1), which provides a fine indication of
the high level of profit bookmakers build into
the CSF."
By:
unitedbiscuits
When: 30 May 25 18:06
Bookies also build an extra layer of profit into "bad EW races" but the unique thing in UK/IRE betting is that multiples split into separate bets for win and place: - so while you will be multiplying a loss on the win part, you should be multiplying a profit on the place part.

Against that edge, jockeys on beaten horses are quite often intent on getting their mounts OUT of the frame
By:
1st time poster
When: 31 May 25 10:10
there's the debate in a nutshell been discussing it with SD SERVICES on x,around so called dirty ew bets
Chappers you lose a little bit betting 4,s ew, at least he admitted you lose,SD in his interview with Simon Knott,said you get 0.6% for 3,s getting placed ,we no what he means but he,s not getting 0.6% he,s losing at least 0.4% and I,d argue your losing a lot more because for most especially serious/pro punters its, 10 ew or 20 straight win
in Chappers case he,d get he,d get 68 quid back for his 10 ew at 4,s, I,d get a 100 back,so in my eyes he,s lost  not a little but a lot, at,3,4,5 to 1 ,at least one in 3,4,5 have to win anyway or you not winning so you might as well be betting on the nose
SD put it like this you don't like 4 to 7 for the fav to win, so although you don't think the 3,s 2nd best will win  have a few bob ew, there is a 3rd option leave the race alone as you obviously haven't got a strong opinion on the race or you,d be backing one straight win to beat the fav,
people surprised SD gets on EW but if you were a bookmaker why wouldn't you take dirt ew bets of SD,your not losing and as he,s the latest hot streak punter on the street,why wouldn't you rather him having half his stake on which must be plenty of winners ,otherwise he wouldn't be getting the headlines
long post but enjoy this EW debate,good luck ew or on the nose Laugh
By:
Facts
When: 31 May 25 10:56
If your level stake is 1 point.
To win only is 1 point

If betting ew , a decision then is either 1/2 point ew or 1 point ew ( doubling your normal stake).

If the horse is placed, in both cases you get a return.

The quandary is if it wins. Because 1/2 point  ew stake would have paid more as 1 point win.As indeed would 1point ew, had it been 2 points to win only.

You pays your money, you takes your chance.

Personally I back in Handicaps only with an average  8/1 sp.

My records show over many years that the most long term profit, comes from
betting win only.
By:
1st time poster
When: 31 May 25 11:07
I bet a lot ew at 8,s and above, enhanced places etc because I cant stomach getting lots of paced horses with no return, and 32 losing bets waiting for the 33td at 33,s to win,is imo a lot different than 3 or 4 bets backing ew on so called dirty ew bet,
anyone can buy 10 apples for a quid each and sell them at 80 p each doesn't make you a great businessman,  your trying to sell them at a profit
in Chappers case backing ew at 4,s,if 3 get placed,when the 4th one wins ,his little loss is 3 x a little loss ,taking of his winner is a big loss and if non winner he,s losing on every race anyway, he,s eventually turning 20 quid nots in to 10 quid notes.just prolonging the journey by getting a bit back
By:
The Management
When: 31 May 25 11:09
It's a circular discussion for many reasons; Even in dirty EW races there are just far too many variables for me to be bothered to go into here. So there isn't a correct answer "yes you should" or "no you shouldn't" bet Each Way even in those so-called "dirty" EW races.

Anyone saying there is a definitive or "every time" answer is demonstrating that they just don't get it.

If you insist on looking for a generalised answer, your best indicator of when to play EW in "dirty" EW races is always going to be a quick glance at the BF Place market; which would also confirms the folly of using any generalised price (say 3/1, etc,) as part of your argument or for making broad-brush comparisons between win versus EW returns.

For sure 3/1 pays 1.60 for the place if you bet EW at one-fifth the odds, that's always true. It's a constant. But how can you use that constant as a comparison against a variable? Because even in two dirty EW way races that could actually mean comparing 1.6 with anything between as low as 1.12 and maybe as high as 1.50 in the Betfair Place Market for two different 3/1 shots.

So the two 3/1's (or 4/1's, etc, etc) that people keep trying to compare to each other or lump together - are a completely baseless comparison. Even in dirty EW races, You'll get some 3/1 pokes that are terrific EW value and others that really aren't.

As I said, a pointless discussion if you want it summarised briefly or are looking for a definitive yes/no answer based on industry prices.
By:
The Management
When: 31 May 25 11:11
And that's just for EW single - without even touching on multiples or accas!
By:
MythWA
When: 31 May 25 11:44
I never bet e/w too many negatives particularly handicaps.
Why try to win buttons when the chance of the win has gone.
Certain trainers/jockeys avoid at all costs running on for a place.
The best example was a certain Lester Piggott back in the day.
By:
1st time poster
When: 31 May 25 11:48
so more chance/value in the non Lester piggot ridden horse in the race or todays equivalent who've you obviously think you've spotted,which adds another place to the already enhanced places in some races
By:
The Management
When: 31 May 25 11:58
I find it hard to believe that would ever happen Laugh

But yes, you'd probably wouldn't want to bet EW if you are anticipating that scenario - maybe if you are open minded, you could get the "place lay" out of your "betting tool kit" when you think that is going to happen.

Rather than getting an "each-way" bet out of your "tool kit".

Which just goes to show, the way you bet on a selection could be a variable depending on the situation and it might be just as important a decision (or even more important) than the selection itself. Obviously if you've always only got the one tool in your "toolbox", you wouldn't need to consider any of that.
By:
swiftynifty
When: 31 May 25 13:07
TM, most people haven't even got a toolbox.
By:
The Management
When: 31 May 25 13:19
It looks like a lot of people have just got a hammer and maybe a few also have a Phillips screw-driver (in case they need that a chisel)!

They say there are a lot of ways to skin a cat - but trying with a hammer and a make-shift chisel could get very messy imo.
By:
PHS
When: 01 Jun 25 10:22
Each way is such a killer. I was feeling chuffed when I backed a 9/1 winner yesterday. This morning, I woke up to the reality that I only got just under 11/2! It's hard to stop yourself though when the Fav is 11/10.
By:
The Management
When: 01 Jun 25 10:43
Assuming that was Organ (16:43 Haydock)? - It wouldn't have been an EW race for me.

Nine runners (nice).
So 3 places available (nice).
Quite short priced fav (quite nice).
It was a Handicap (often not so nice - for many reasons)

But mostly, not EW (for me) because the betting structure of that race wasn't at all good for EW - Seven of the nine runners were under 10/1, so potentially 7 horses fighting for 3 places (6 of them shorter than 2/1 in the BF place market and one just above that price).

Good shout though - if it was that race.
By:
swiftynifty
When: 01 Jun 25 10:46
Nice win. Jockey had to pull out all the stops to get that one home.
By:
swiftynifty
When: 01 Jun 25 10:47
*disclaimer, I am not Stewart Machin.
By:
The Management
When: 01 Jun 25 10:48
He got a tune out of it swifty. Cry
By:
swiftynifty
When: 01 Jun 25 10:49
are you Stewart Machin? Silly
By:
The Management
When: 01 Jun 25 10:55
I would probably have gone down the Offal route rather than the musical instrument route - possibly why I never made it as a commentator. Silly
By:
top2rated
When: 01 Jun 25 11:08
"Seven of the nine runners were under 10/1"

Schoolboy error,TM?
By:
The Management
When: 01 Jun 25 11:16
Seven of the nine runner were 10/1 or shorter?

If that changes your take on the race and it's suitability for EW betting - from one pedant to another - sincere apologies.
By:
PHS
When: 01 Jun 25 11:23
Yes, it was Organ. Initially staked it with a mixture of EW and Win only to effectively give me a Cover Bet, then cashed out the Win and re-stake it EW (fool!).
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