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Monday, 6 April 2020

The Best Each Way Betting System

Each way betting system
EACH WAY BETTING 

This is another method I had given to me - so please do some research before betting with your hard-earned cash. 

It isn't the best of systems I've come across but it does claim to show an overall profit of just over 8%. 

According to the results I was given they placed 54 bets at 5 points each way and it returned 587 points so 47 points profit. I am not a fan of each-way betting because it usually represents poor value when the payout is a fifth of the odds.

If you place a £10 bet each-way at odds of 10/1 and it makes the frame (doesn't win) you get £30 returned, so you are actually betting at odds on. 

If you find a 20/1 shot that gets placed you receive £50 which equates to a 6/4 shot, so not as much value as you would think. 

The best time to back each way is in a 5 runner race and you fancy the second favourite. 

In this instance, you are covering 40% of the possible returns and getting paid at a quarter of the odds and not a fifth as seen with three places for eight runners or more. 

Obviously, it is very very unlikely that the second fav will be as big as 10/1 but it is definitely a value bet. Your horse has a realistic chance of winning and is expected to beat the other 3 runners so you would get a good percentage of your money back, usually about half of your stake back if it finished 2nd. 

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