In your quest to make betting profits never overlook the power and simplicity of each-way staking as part of your armoury for bookie bashing.
Only recently it came in mighty handy for me with a recent run of seconds that I thought was never going to end.
I had no less than 7, yes 7 seconds in a row at prices ranging from 2/1 – 7/2. However even at prices this low I go each-way.
If you think it’s not worth going each-way at these prices then you ought to read my blog post here:
So let’s look under the bonnet of the returns from this recent run if you were to stake £5.00 each-way (£10 total). I backed these selections in Non handicap races meaning my place returns would be one fifth the odds of the win price.
If you were to start with a £500 betting bank and your first 7 bets finished 2nd, below are the figures for your bank staking both each-way and Win only.
Total Returns Total Returns
Each-Way Win Only
Bet 1: 2/1 = £7.00 £0
Bet 2: 7/2 = £8.50 £0
Bet 3: 5/2 = £7.50 £0
Bet 4: 3/1 = £8.00 £0
Bet 5: 3/1 = £8.00 £0
Bet 6: 9/4 = £7.25 £0
Bet 7:11/4 = £7.75 £0
£54 returned to Pot £0 returned to pot
Total betting bank after 7 seconds backing each-way = £484.00
Total betting bank after 7 seconds backing Win only = £430.00
Obviously you win more if betting £10 to win instead of splitting your stake and going £5 each-way, however this game is all about bank protection and confidence.
Having lengthy losing runs without a sniff of a return on a regular basis can dent anyone’s confidence and can see them placing a pause on their betting. Consequently they are therefore unable to reap the rewards of any upturn.
Bet each-way on Handicap races and you will be getting more returns from your placed selections at one quarter the odds of the win price. On the flipside Handicaps by their very nature are more unpredictable and less reliable than non handicaps and hence the slightly better placed terms.
To sum up, if you have any strategy or system where you are currently betting to ‘win only’ and one that has lengthy runs of placed selections then it maybe viable to switch to each-way staking. This will provide more security in banking some returns back to your overall pot on a regular basis. After all, if you can shield your betting bank from dramatic downturns as a result of these placed returns going back into your overall pot you can then up your stakes to negate the drop in profits when backing each-way instead of Win only – worth thinking about?
Testing Pod Update:
We’ve made slight in roads to the overall loss we had with this one over last week. Now here is an example of a plan where a slight tweak could make all the difference, simply because it has lost very little during a very bad period. So this is a good sign when looking to develop a systematic form of strategy. If you can lose little during bad periods then it leaves you in a good place when the upturn occurs. However we will see how it goes until 4th September and then re-evaluate.
Check in here daily;