Each Way Doubles

If you haven't checked out my previous post, which is a mini guide to each way horse betting, you can find it here and once you understand the basics and the benefits of the E/W bet, where you can at least recover your stake money with a 4/1 selection that would come in 2nd or 3rd, should your selected horse not win the race. 

Well as nice as it is to have a kind of back up plan, the odds are still against us when it comes down to profit, so... Welcome and give praise to, ''the each way double''. This kind of bet is a far stronger investment and we can even except far shorter odds, as the returns can be amazing, should each selected horse come 1st.

Here is a quick example... 

You need to select 2 horses that are favourite or close to fav, from 2 separate races, back them both each way and link both separate races as a ''double'', Should you bet these as singular, the profit isn't that great, even if they were to win as £1.00 E/W on Horse 1 @5/2 would only return £5.13p.

But double them up...

Horse 1 odds @ 5/2. Plus horse 2 (from a separate race or meeting), is also odds @ 5/2. 
If both horses win you would get a much nicer return of £14.89p.
If only 1 horse wins and the other places or even if they both at least place, the return would be £2.64p and that's like getting a small profit of £0.64p from a losing bet.

Remember, these bets are minimal, using just a £1.00p E/W stake, (total bet =£2.00p).
But if we invest £10.00p on this E/W double, (total bet=£20.00p)
The return, should they both win would be £148.91p
If both at least place £26.41p and that's like getting a small profit of £6.41p from a losing bet.

As mentioned in a previous post, I like to invest in horses that are around 4/1 for E/W bets so that I am likely to get a return, should all not go to plan. 
So, if I select 2 horses around @4/1 for my £1.00p E/W double (total cost £2.00p)...
Both win returns £29.00p
Both at least place £4.00p This is like doubling my investment from an almost losing bet.

If you find it hard and struggle to pick horses for each way doubles, trebles or any other kind of accumulator bets, check out Pinnacle Racing Tips.

To your success, Bet Tips UK

Beginners Horse Betting Bankroll

Your horse betting bankroll is the most important weapon in your horse betting armory.

Each bankroll level has its own betting stake limit and it is vital that you don't go over your maximum stake amount, to become a successful horse racing investor.

So, you will need to give your full attention to keeping your bankroll intact.

You must be sure, that your bets are at the precise stake level, that your bankroll can afford at each level of horse betting, because building up your bankroll is important if you would like to make horse betting an extra means of income.

I have found it possible to start using the following betting system, with a tiny bankroll, but you must have the patience of a Saint, to start building your bankroll at this level of betting.


Bankroll of £10.00     Use only 2.5% of that  =  Total stake is £0.24p      So bet just £0.12p  E/W

Bankroll of £20.00     Use only 2.5% of that  =  Total stake is £0.50p      So bet just £0.25p  E/W

Bankroll of £40.00     Use only 2.5% of that  =  Total stake is £1.00p      So bet just £0.50p  E/W

Bankroll of £80.00     Use only 2.5% of that  =  Total stake is £2.00p      So bet just £1.00p  E/W

Bankroll of 160.00     Use only 2.5% of that  =  Total stake is £4.00p      So bet just £2.00p  E/W

Bankroll of £320.00   Use only 2.5% of that  =  Total stake is £8.00p      So bet just £4.00p  E/W

Bankroll of £640.00   Use only 2.5% of that  =  Total stake is £16.00p    So bet just £8.00p  E/W

As you can see, the stakes are very low, starting from just £0.12p Each/Way, so the total stake = £0.24p.

Horse races with 8+ horses will payout for 1st, 2nd and 3rd places and those that are close to the favourite horse prices, tend to win or at least place around 25% of the time, over all 8+ horse races.

So to get maximum wins at this level, the horse selection focus, should be on investing in only 1st, 2nd or 3rd favourite horses and bet them E/W, so that they will either win, giving us a fair profit or at least get a 2nd or 3rd place, which should at least give us a slight return on our initial investment.

Each Way Horse Betting

a pound each way

You need to have a rough idea about the basic structure of  horse betting with each way places and payouts.




Non handicap races

2-4 runners pays the winner only, (1st).

5-7 runners pays 1/4 the odds for the first 2 places, (1st, 2nd).

8+ runners pays 1/5 the odds for the first 3 places, (1st, 2nd, 3rd).

Handicap Races

2-4 runners pays the winner only, (1st).

5-7 runners pays 1/4 the odds for the first 2 places, (1st, 2nd).

8-11 runners pays 1/5 the odds for the first 3 places, (1st, 2nd, 3rd).

12-15 runners pays 1/4 the odds for the first 3 places, (1st, 2nd, 3rd).

16+ runners pays 1/4 the odds for the first 4 places, (1st, 2nd, 3rd, 4th).

Once you understand the betting structure you are good to go and invest your money into the horse betting field. Each way investments are far safer than backing horses to win. Each way bets are split into two separate bets, 1 x bet for the horse to win and 1 x bet for the horse to place 1st, 2nd or 3rd.

Race horses with odds of at least 4/1 can be a good investment for E/W horse betting, so as you can see below, any odds less than 4/1 will not recover the full stake amount should the horse only place. But should the horse win @4/1, your investment would have made you a clear £5.00 profit on your £2.00p stake.

In these examples, stakes are £1.00 E/W (total £2.00p) and these places pay 1/4 odds, not 1/5.
         
         ODDS                        WIN             PLACE (1/4 odds)     

            2/5                           £2.50p                    £1.10p
          11/10                         £3.38p                    £1.28p 

           2/1                            £4.50p                    £1.50p

           5/2                            £5.13p                    £1.63p

           3/1                            £5.75p                    £1.75p

          10/3                           £6.17p                    £1.83p 

           4/1                            £7.00p                    £2.00p

           9/2                            £7.63p                    £2.13p

           5/1                            £8.25p                    £2.25p

          11/2                           £8.88p                    £2.38p

           6/1                            £9.50p                    £2.50p

         13/2                            £9.80p                    £2.00p

           7/1                            £10.75p                  £2.75p
         15/2                            £11.38p                  £2.88p
          8/1                             £12.00p                  £3.00p

 
Obviously outsiders, or horses with prices of 20/1 or more, do actually win or place, from time to time, but investing in horses with shorter odds is a far safer way to bet, however, if a long string of loses should ever occur, never increase your betting stake to try and gain your losses. 

Doing this will eat away at your bankroll, super fast, so you should go back to the previous bankroll level of betting and start again.

Yo your success, Bet Tips UK.

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