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For a little side note away from betting markets today, we wanted to take a brief look at Each Way betting. This is a popular method of trying to give yourself coverage on a selection, in particular horse racing, because you are willing to sacrifice greater odds for the higher possibility of receiving some kind of payout.
Each Way bets are split up in to two bets; one Win and one Place bet. Well, because you are placing two bets when you make an Each Way selection, you need to double your initial unit stake. As far as returns go, if Frankel romped home first as expected, then you would win both of your bets.
However, what makes Each Way betting appealing , is the coverage that you will get if your horse simply Places. But at least you would walk away with something. So that is the appeal of an Each Way bet, and it is really, strategically reserved for punters wanting a crack on a longer shot in a market.
There is really little value in backing one of the front runners in a race in an Each Way bet. But if you spot someone in the field who has at worst an outside shot and landing a Place finish, but could also spring a huge surprise and win, then that is the kind of selection that you want to back. This is because it will be at higher odds and therefore a better pay out on a Place finish.
But what about an alternative? An alternative to Each Way bets. Well, not really an alternative, but an expanded way to increase the potential return of your profit in an Each Way bet, but without losing any stake again if your selection Places. We shall explain, after all, successful betting is about maximum potential for lowest amount of risk. So here is where you can capitalise without losing any stake.
If you horse just managed to place in this scenario, then you have still not technically lost anything. So essentially with this free bet you can almost double your winnings by taking this approach. So in summary. Even so, he was beaten fair and square by runner-up Wichita, outstayed by a length, and I see no compelling reason why he should turn the tables. But Palace Pier, a colt with huge potential and another big ride for Dettori, might take them both down.
John Gosden is chucking this son of his champion miler Kingman in at the deep end after three wide-margin wins in shallow waters, confident that he is now ready to swim with the big boys. RoyalAscot Ascot pic. Follow Us. The i newsletter latest news and analysis. Email address is invalid Email address is invalid Thank you for subscribing! Sorry, there was a problem with your subscription. By Jon Freeman. Royal Ascot.