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SUMMARY
Use the top picks to your advantage
FAVOURITE HUNCHES
Do race favourites and place betting go together? The answer is YES and NO and MAYBE.On the “yes” side there’s the prospect of a 60 to 70 per cent strike rate, on the “no” side there’s the prospect of tiny returns and on the “maybe” side of things there’s the prospect of cherry picking to bet only the favourites likely to offer some value.
SUMMARY
There’s an art to getting those placings right
THE TRICKS OF MULTIPLE PLACE BETS
Everyone is familiar with the old cliché that goes: “There’s more than one way to skin a cat”. For the punter, there can be few more important sentences than this one.Every article that you’ll ever read in this magazine, or for that matter in anything else to do with racing, will be something that is making an attempt to cover new ground.
For example, everybody reading this article knows that there are effectively three ways of making an individual bet on a racehorse. These are comprised of a win bet, a place bet and an each way bet. All three of these are capable of infinite manipulation and adjustment, but they all conform to one basic and fundamental law.
SUMMARY
Don’t do it this way … do it that way and win …
A PLACE BETTING HEAVEN
Ask any serious punter about the virtues of place betting and you will realise it would have been a good idea to bring a chair with you. And a packed lunch as well, with a thermos of coffee.This is because every punter who has done any serious thinking about his betting has a point of view on this contentious subject (or 11 points of view, or a 100 points of view). I have changed my mind several times over the years.
Perhaps the most significant commitment I made to place betting was when I made the conscious decision that it represented a quite separate investment from my win betting.
SUMMARY
Battling the place bet puzzle
O’LUCKY O’BRIEN
Many readers ask if there is such a thing as a sound staking system for place betting. I usually refrain from trying to answer the question.This is because the readers fail to provide me with the pattern of selections they back. Where a staking plan is concerned a pattern of selections and how they usually perform is essential. Selections which average, say, two winners in five at 5/2 would call for an altogether different approach to one which gives a winner in six at 6/1, although the flat stake return would be the same.
SUMMARY
Fresh insight on an old issue
THE PLACE-BO FACTOR
When I started putting this article together, I was tempted to write "Yet another article on place betting" as the heading. The question of place betting (i.e. whether to bet for the place or not) is as old as horse-racing itself. And yet there are still things to say, opinions to hold, and points to argue.
We had recent experience in NSW of the bookmakers doing a pretty fair imitation of Shylock. They set up separate boards for place betting. To my practised eye, nobody fell for the balderdash (meaning the odds were absolutely ridiculous and even the most gullible punters soon woke up to the fact that things had suddenly got worse). I liken the "place odds" boards fiasco to the Spinner bet offered by the NSW TAB: the bottom of the barrel, so far as racing is concerned.
