- Place Betting Methods Meaning
- Place Betting Methods Against
- Place Betting Methods Examples
- Place Betting Methods Definition
1. How Often Does a Horse Run a Place?
Place Betting System using the Speed Ratings. As you know I am always looking for new system ideas when using the speed ratings that I can share with subscribers and another simple, yet so far effective idea came to me during the racing last Saturday afternoon, which has proved a profitable place betting system using the speed ratings. Whatever the case, whether it is a few quid to make life easier, or to finally enjoy a trip to the Sun, Place Lay Formula can make that difference for you. Remember, too, this is a limited offering. Because we are dealing with the place pool, which is smaller than the win pool, we must be careful to protect the prices. Click this link to discover it all: This exclusive handicapping service is where members.
This Strategy is designed to play a sequence of bets until an overall profit is achieved, each time we encounter a losing bet the next stake in the staking plan is placed on the next Lay bet, continue increasing the stakes for each bet until the overall win in the sequence is achieved. Staking Plan is shown on the results page for this strategy. The idea of place betting seems appealing and many punters may look towards that strategy because they can't quite get across the line to profit on the win betting side of things.It's easy to identify days where you lost on your win bets and calculate that if you had of backed those horses to place, that you would have made money.
Place Betting Methods Meaning
Over the years, I've had a number of punters ask me about place betting strategies and whether they are likely to win. On the surface it seems like a good idea to find horses that you really like to win and then back them to place. You will enjoy more regular collects, turn what would have been some losing days into winning days and the profits will slowly accumulate, right?
Place Betting Methods Against
Unfortunately, what is good in theory doesn't often translate to practice and that's certainly the case with place betting. The reality is that on average, the value in place betting markets is significantly less than win betting markets and is therefore much more difficult to profit from.
To properly analyse the merits of place betting you first need to understand how often a horse that has a certain chance of winning, will actually run a place.Consider an example where you like a horse in the market at $6.00 and believe it's closer to a $4.80 or $5.00 chance. Do you know how often this horse can be expected to run a place?
In the example above, assuming your $4.80 to $5.00 assessed price is correct, you can expect the horse to run a place (1st to 3rd) 52% – 53% of the time.It's easy to think that you like a horse so much and feel so confident about its chance of winning, that it's almost certain to run a place, but the reality is far different.
The table below shows the historical place strike rate of horses based on their true win price / actual win percentage.
Place Betting Methods Examples
| True Win Price | Actual Win % | Actual Place % |
|---|---|---|
| $2.00 | 50.0% | 81.0% |
| $2.00 | 40.0% | 74.0% |
| $3.00 | 33.3% | 68.0% |
| $4.00 | 25.0% | 59.0% |
| $5.00 | 20.0% | 52.0% |
| $7.50 | 13.3% | 41.0% |
| $10.00 | 10.0% | 34.0% |
| $15.00 | 6.7% | 26.0% |
| $21.00 | 4.8% | 20.5% |
| $26.00 | 3.8% | 17.0% |
| $31.00 | 3.2% | 15.5% |
| $51.00 | 2.0% | 10.5% |
Place Betting Methods Definition
Note: This does not mean that a horse $5.00 in the market has a 52% place chance.
On average horses at $5.00 in the market only win approximately 18% of the time, not 20%. They're true win price is closer to $5.50, which means they will run a place approximately 49.5% of the time.Once you have an understanding of the expected place strike rate for a horse's true winning chance, you can work out the correct place price.
Two Place Prices
- Place Betting Methods Meaning
- Place Betting Methods Against
- Place Betting Methods Examples
- Place Betting Methods Definition
1. How Often Does a Horse Run a Place?
Place Betting System using the Speed Ratings. As you know I am always looking for new system ideas when using the speed ratings that I can share with subscribers and another simple, yet so far effective idea came to me during the racing last Saturday afternoon, which has proved a profitable place betting system using the speed ratings. Whatever the case, whether it is a few quid to make life easier, or to finally enjoy a trip to the Sun, Place Lay Formula can make that difference for you. Remember, too, this is a limited offering. Because we are dealing with the place pool, which is smaller than the win pool, we must be careful to protect the prices. Click this link to discover it all: This exclusive handicapping service is where members.
This Strategy is designed to play a sequence of bets until an overall profit is achieved, each time we encounter a losing bet the next stake in the staking plan is placed on the next Lay bet, continue increasing the stakes for each bet until the overall win in the sequence is achieved. Staking Plan is shown on the results page for this strategy. The idea of place betting seems appealing and many punters may look towards that strategy because they can't quite get across the line to profit on the win betting side of things.It's easy to identify days where you lost on your win bets and calculate that if you had of backed those horses to place, that you would have made money.
Place Betting Methods Meaning
Over the years, I've had a number of punters ask me about place betting strategies and whether they are likely to win. On the surface it seems like a good idea to find horses that you really like to win and then back them to place. You will enjoy more regular collects, turn what would have been some losing days into winning days and the profits will slowly accumulate, right?
Place Betting Methods Against
Unfortunately, what is good in theory doesn't often translate to practice and that's certainly the case with place betting. The reality is that on average, the value in place betting markets is significantly less than win betting markets and is therefore much more difficult to profit from.
To properly analyse the merits of place betting you first need to understand how often a horse that has a certain chance of winning, will actually run a place.Consider an example where you like a horse in the market at $6.00 and believe it's closer to a $4.80 or $5.00 chance. Do you know how often this horse can be expected to run a place?
In the example above, assuming your $4.80 to $5.00 assessed price is correct, you can expect the horse to run a place (1st to 3rd) 52% – 53% of the time.It's easy to think that you like a horse so much and feel so confident about its chance of winning, that it's almost certain to run a place, but the reality is far different.
The table below shows the historical place strike rate of horses based on their true win price / actual win percentage.
Place Betting Methods Examples
| True Win Price | Actual Win % | Actual Place % |
|---|---|---|
| $2.00 | 50.0% | 81.0% |
| $2.00 | 40.0% | 74.0% |
| $3.00 | 33.3% | 68.0% |
| $4.00 | 25.0% | 59.0% |
| $5.00 | 20.0% | 52.0% |
| $7.50 | 13.3% | 41.0% |
| $10.00 | 10.0% | 34.0% |
| $15.00 | 6.7% | 26.0% |
| $21.00 | 4.8% | 20.5% |
| $26.00 | 3.8% | 17.0% |
| $31.00 | 3.2% | 15.5% |
| $51.00 | 2.0% | 10.5% |
Place Betting Methods Definition
Note: This does not mean that a horse $5.00 in the market has a 52% place chance.
On average horses at $5.00 in the market only win approximately 18% of the time, not 20%. They're true win price is closer to $5.50, which means they will run a place approximately 49.5% of the time.Once you have an understanding of the expected place strike rate for a horse's true winning chance, you can work out the correct place price.
Two Place Prices
| Actual Win % | True Win Price | Actual Place % | True Place Price |
|---|---|---|---|
| 50.0% | $2.00 | 81.0% | $1.23 |
| 40.0% | $2.50 | 74.0% | $1.35 |
| 33.3% | $3.00 | 68.0% | $1.47 |
| 25.0% | $4.00 | 59.0% | $1.69 |
| 20.0% | $5.00 | 52.0% | $1.92 |
| 13.3% | $7.50 | 41.0% | $2.44 |
| 10.0% | $10.00 | 34.0% | $2.94 |
| 6.7% | $15.00 | 26.0% | $3.85 |
| 4.8% | $21.00 | 20.5% | $4.88 |
| 3.8% | $26.00 | 17.0% | $5.88 |
| 3.2% | $31.00 | 15.5% | $6.45 |
| 2.0% | $51.00 | 10.5% | $9.52 |
Example: If you assess that a horse's real chance of winning 20%, then it's true win price should be $5.00 and its true place price should be $1.92
