Betting Strategy

The whole idea of betting is to win. It doesn’t take a genius to work that out but it might take one to continually go to the proverbial payout window and keep making a profit. Or does it ? The simple truth is, that you don’t need to be a genius, taking regular wins from bookmakers is a possibility and to help do this you should have a betting strategy.

The first thing you need to do is pick your horses that you are going to bet on, don’t just simply have bets for fun on any sporting event that is going on, this will see you lose money. You may strike lucky from time to time but in the long run, you lose. Below is some advice and a couple of strategies that you may want to consider in your quest to make your bets increase your returns.

Each Way Equally Divided Doubles
Getting a winner is hard enough but getting two winners in the same bet is even harder. Perhaps we can use the concept of a double and use it to our advantage? This would only be effective if the cost does not increase and the chances of a payout do. Often it is the case that we can find a banker bet but the others we fancy are not so certain. This strategy shows a way of combining a banker with longer priced selections.

The main selection will be referred to as the “banker” but if we couple it up with 4 other selections that would be 4 bets. If £10 was staked on each that means it would cost £40 and if several winners were found it could result in a nice payout but is more likely to end up losing the lot. £40 is quite a lot to lose in one go, but perhaps a £10 loss can be more easily absorbed? If the return from a winning banker was staked on the other 4 selections then there is a much better chance of making a profit and it would only cost £10 if the bet went down.

The bet is to place your stake, e.g. £10, on a banker and provided that it wins then place the return equally on 4 each way bets.

Example 1;
£10 on a banker which wins at 7/2 returns £45, if we split that by 4 it means that £11.25 goes on the other four selections as each way bets. Personally I would rather take £5 back and place the £10 on each of the other selections as it means I get half my stake back and also £6.12½ is a somewhat funny amount to have on a bet (not apart from the fact that we can’t place bets for ½ a penny). If we assume that all 4 other selections lose then we would end up with just a £5 loss.

Example 1 – banker wins but no doubles
£10 on the banker – wins at 7/2 returns £45
Pocket £5
£5 e/w on Other Selection “A” – loses
£5 e/w on Other Selection “B” – loses
£5 e/w on Other Selection “C” – loses
£5 e/w on Other Selection “D” – loses
Overall loss £5

Example – banker wins plus a place
£10 on the banker – wins at 7/2 returns £45
Pocket £5
£5 e/w on Other Selection “A” – places at 6/1 (¼ odds for a place)
£5 e/w on Other Selection “B” – loses
£5 e/w on Other Selection “C” – loses
£5 e/w on Other Selection “D” – loses
A return of £12.50 less the original £10 stake means an overall profit of £2.50 plus the £5 that was pocketed.

Example – banker wins plus a win and a place
£10 on the banker – wins at 7/2 returns £45
Pocket £5
£5 e/w on Other Selection “A” – places at 6/1 (¼ odds for a place)
£5 e/w on Other Selection “B” – loses
£5 e/w on Other Selection “C” – wins at 5/1 (⅕ odds for a place)
£5 e/w on Other Selection “D” – loses
A return of £52.50 less the original £10 stake means an overall profit of £42.50 plus the £5 that was pocketed.

I could come up with plenty of examples but the ones above are just designed to show you how the strategy works. I don’t know about you but I often go through the racing pages and come up with four or five horses of which one usually sticks out as the one selection that I think stands more chance of winning than the others. This one I make my banker.

Permutations
The following stategy is one that I came across a few years back and consists of permutations on six selections. If you cover all the permutations on six horses then there are a total of 63 bets and if you forget about the singles, then there are still 57. What the following strategy does is cut down on the number of permutations meaning that either the cost is lower or else the stake on each permutation can be raised but still give a good chance of a return.

This strategy consists of 21 bets which means that either the total cost is one third of a Lucky 63 or you can stake three times as much on each permutation.

A 20p each way Lucky 63 costs £25.20
A 60p each way bet on 21 permutations costs £25.20
A higher stake means higher returns.

The permutations for this strategy using 6 Selections A, B, C, D, E and F are as follows;

6 x doubles
A + D A + E B + C B + F C + F D + E
6 x trebles
A + B + E A + C + F A + D + F B + C + D B + E + F C + D + E
3 x fourfolds
A + B + C + D A + C + E + F B + D + E + F
6 x fivefolds
A + B + C + D + E A + B + C + D + F A + B + C + E + F A + B + D + E + F A + C + D + E + F B + C + D + E + F

Whilst the above strategy does not cover all of the permutations it does guarantee the following;
if 2 selections win then there is a 6 in 15 chance of getting a double up
if 3 selections win then it guarantees at least one winning double
if 4 selections win then it guarantees at least one winning treble and two doubles
if 5 selections win then it guarantees at least one winning fivefold, 1 fourfold, 3 trebles and 4 doubles
if 6 selections win then it guarantees all 21 permutations pay out.