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What is a Place Bet?

Place Betting can be a good option if you’re not confident a horse can win the race. This article discusses when to use a place betting strategy and how to find value in that market. Betting 2% or Less of Your Bankroll. A common scenario for casual gamblers is to walk into.

When you bet to place your horse must finish first or second in order for you to cash a ticket. The payoffs are understandably lower on winning place bets because the place pool (all money wagered to place on a race minus the track takeout) is split between two horses – the horse that wins the race and the horse that finishes second.

Profit for a win: 1 chip; The probability of winning: 86%; The Romanosky type of bet is a bet on two dozens and two corners (or quads). We cover 32 numbers and only lose with 5 numbers, which gives us an 86,5% chance to win one chip and 13,5% chance to lose 8 chips. This is a relatively safe and very well thought out set of bets. HOME Craps Guide The Place Bet Although the game of craps is sometimes considered difficult, it is widely-preferred in both land-based and Internet casinos. The great variety of bets provides players with the opportunity to choose the best ones for them and offers excitement and an excellent gaming experience.

But while the payoffs are lower for place bets, there are certain situations in which place betting can be lucrative. In fact, some very intelligent gamblers make a living simply by waiting for overlays in the place pools.

Unlike win betting, in which you can see approximately what your horse will pay to win on the tote board before the race runs, determining what your horse will pay to place requires you to do some calculating based on the place pool. The total amount of money bet into the place pool on a race, and the amount bet to place on each horse, is displayed on the tote board at most modern racetracks.

While the calculations required to determine place payouts may seem like too much work for a casual bettor, a patient handicapper with reasonable skills can make a profit on place betting alone. Additionally, intelligent place betting can help you avoid occasional losing streaks experienced by even the sharpest bettors.

Calculating the Payout

A reasonably accurate method of calculating what your selection will pay to place is to add all the money bet on your choice to place, as shown on the tote board, to all the money bet on the favorite to place. Or, if your selection is the favorite, add all the money bet on the favorite to place to all the money bet on the second choice to place. You then subtract that amount from the total place pool amount and subtract a further 15 percent for track take out and breakage. The amount of money left over after these calculations is approximately what will be divided among the holders of winning place tickets. Keep in mind that if the favorite runs out of the money, the payoffs will obviously be higher, but what we want to calculate is the approximate minimum we would get back for our wager.

For example:

Total amount of money bet into the place pool = $48,000

Amount remaining after 15 percent track takeout = $40,800

Total amount bet on the favorite to place = $20,000

Total amount bet on your selection to place = $12,000

Total profit to be split equally among winning place bettors = $40,800 – ($20,000 + $12,000) = $8,800

$8,800/2 = $4,400 to be paid back to holders of place tickets on the favorite (the winner) and $4,400 to be paid back to place ticket holders on the second place finisher.

To calculate the amount the favorite will pay to place: $4,400/$20,000 = $0.22 per dollar wagered.

Rounding off the $0.22 for breakage the payout becomes $0.20 per $1 wagered.

A $2 place bet on the favorite would return approximately $2.40.

To calculate the amount your choice would pay to place: $4,400/$12,000 = $0.36 per dollar wagered.

Rounding of $0.36 for breakage the payout becomes $0.30 per $1 wagered.

A $2 place bet on your selection would return $2.60.

The above calculations assume that the favorite either runs first or second. If the favorite runs out of the top two spots, the place payout will be larger, simply because the money bet on the favorite to place is now available to the holders of winning place tickets.

If you really like a horse other than the favorite, and you think there is an excellent chance that the favorite can finish out of the top two spots, you may have found yourself a good opportunity to bet to place or even win-place. A solid wagering strategy, in this case, might be to bet twice as much to place as you bet to win. If your horse fails to win but still finishes second, and the favorite runs out of the top two spots, your doubled up place bet will in all likelihood produce a decent profit.

Another scenario where it pays to bet to place is when your selection, even if it happens to be the favorite, is an overlay in the place pools. For example, if 50 percent of the win pool has been bet on your selection, but only 25 percent of the place pool has been bet on your selection, you have found yourself an overlay.

In numerical terms, if $5,000 of the $10,000 win pool has been bet on your selection, that equals 50 percent of the pool. If only $1,000 of the $4,000 place pool in the same race has been bet on your selection, that equals only 25 percent of the pool, or a 100 percent overlay.

In reality, finding 100 percent overlays in the place pool is a rarity, but finding overlays of between 25-35 percent is not uncommon. Waiting for and spotting these types of overlays requires great patience and a trained eye for the tote board, but they can increase your odds of making a profit and beating the 15-20 percent track takeout.

Finally, if you really like a horse at odds of better than 5-1, a win bet is probably the play. But, if your selection is 9/2 or less and the favorite is lukewarm odds of 8/5 or higher, a place bet or win-double-place bet can be a solid alternative to win betting. One that offers a good chance of making a profit while at the same time reducing your risk.

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In-Season Tracks

Welcome to the TPS strategies page!

We want you to get the best out of our ratings. We know that our ratings are by far the best in the country, but we understand that it can be a little daunting at first, and some new members have a hard time finding a way to make regular profits. So here are some of the most profitable strategies that our current long standing members are using.....

Please take your time to read through them, check out the results and get involved on the relevant forum pages. The best way to learn and to profit is by working together and interacting, so don't be afraid to post comments on the forum.

The strategies outlined below are proven strategies, most of which have been devised by our members. The TPS ratings provide a solid strike rate and results are very consistent. This is a great starting base for any strategy!

Our Proven Strategies With Full Up to Date Results

Jason's Dutching Strategy

I have been 'dutching' the 1st and 2nd rated horse, starting with the first
race of the day, here are the rules:

Set my daily target, i.e £10. £20, £50 or whatever you are comfortable with.

1) Skip the race if one of the top 2 rated is a non runner
2) Skip the race if one of the horses is 'odds on'
3) split your stake with the intention of winning your profit target regardless of which horse wins (there are lots of handy calculators that will work this out for you)
4) If they both lose, repeat for the next race but this time you add the losses from the previous races!

5) We stop after 5 consecutive losses or 15% of bank is gone.

Usually there is a winner within the first few races which ensures us a guaranteed profit on the day.

What is 'Dutching' and How Do I do It?

For those of you who are not familiar with Dutching, then basically Dutching means to bet on more than 1 horse in the same race, then calculate your stake so that if any of your horses win, you make a profit!

In our case, this Dutching strategy involves backing 2 horses in the same race, in fact its the TPS Ratings top 2 rated horses.

2^NdRPlaceLAY's (4 Max Odds)

Overall strategy

Employing the TPS 2nd Rated Selections Lay all under 4 BSP.

This Strategy is designed to play a sequence of bets until an overall profit is achieved, each time we encounter a losing bet the next stake in the staking plan is placed on the next Lay bet, continue increasing the stakes for each bet until the overall win in the sequence is achieved.

Staking Plan is shown on the results page for this strategy.

In the proofing shown we began with £500 working bank and £1500 reserve bank, but we do not envisage using the reserve bank unless we encounter a run that we have not observed nor anything near to date.

The gearing for this staking began at 0-001% of the staring bank of £500 which mean't the first stake was just £0.50p the next staking increments in a loosing sequence would be as per 2^nd stake below:-

1^st Stake = 0.001% of £500 = £0.50

2^nd Stake = Stake 1 * 2.20

3^rd Stake = Stake 2 * 2.25

4^th Stake = Stake 3 * 1.33

5^th Stake = Stake 4 * 1.33

6^th Stake = stake 5 * 1.33

7^th Stake = Stake 6 * 1.33

8^th Stake = Stake 7 * 1.32

9^th Stake = Stake 8 * 1.28

10^th Stake = Stake 9 * 1.25

11^th Stake = Stake 10 * 1.24

12^th Stake = Stake 11 * 1.24

13^th Stake = Stake 12 * 1.23

14^th Stake = Stake 13 * 1.22

15^th Stake = Stake 14 * 1.22

16^th Stake = Stake 15 * 1.21

17^th Stake = Stake 16 * 1.21

18^th Stake = Stake 17 * 1.19

19^th Stake = Stake 18 * 1.18

20^th Stake = Stake 19 * 1.17

21^st Stake = Stake 20 * 1.16

22^nd Stake = Stake 21 * 1.15

23^rd Stake = Stake 22 * 1.14

24^th Stake = Stake 23 * 1.13

25^th Stake = Stake 24 * 1.12

26^th Stake = Stake 19 * 1.11

27^st Stake = Stake 20 * 1.10

28^nd Stake = Stake 21 * 1.09

29^rd Stake = Stake 22 * 1.08

30^th Stake = Stake 24 * 1.07

You will very rarely ever need all these stakes but even if you need to go half way the actual loses in the sequence will be reduced by some winning (in our case losing Lay Bets) So far I have never been uncomfortable during even the worst runs I have experienced.

Once the overall gain is achieved the sequence stops and Ideally another begins at the starting stake and so on. (you could if you choose to simply stop for the day if a profitable sequence is achieved.

In the case of the daily roster, finishing without concluding a winning sequence, continue the bets the next day (or when ever you are able) following on from where we finished on the staking plan.

The real benefit with this strategy is the longer the conclusion takes, the higher the stakes become, but because this is based on Lay betting the strike rate is reasonably high, which means the overall sequence deficit in an in-concluded run is considerably reduced by the frequent Lay's (or loosing Bets) along the way. Therefore normally by the time the 'OVERALL' winning bet occurs the raised stakes yield an 'enhanced profit'.

I recommend a working bank (for our proofing we use £500) but you should use whatever you are comfortable with) and a reserve bank of three times the start bank (£1500)to begin with. My first stake began at £0.50 (or 0.001% of the working bank of £500), each stake then rise as shown in the staking plan until an overall profit is achieved in the sequence.

Although the first stake is very small the compounding factor still allows very good long term growth, in fact the first month produced well over 60% growth on the start bank, so 60% growth month on month would be VERY rewarding as we continually add the profits and grow the stakes slowly and surely.

In fact the early proofed records show over £830 profit in just six weeks, and that's from a starting working bank of £500.

Each time I achieve a concluded winning sequence, I share the profits between the working bank, which compounds the staking plan, and the reserve bank which builds up to provide us with additional 'INSURANCE' should we encounter any difficult runs.

This is the way I manage the strategy and is exactly reflected in the proofed results.

The strategy works as follows – (you can use what ever multiple you choose)

I bet either £10/20/30/40/50 or mostly £20/30/40/50/60 resetting back to £10 or £20 after each winner.

We provide our top 2 rated horses for every race. We will be using the 1st rated horse.

If the 1st rated is a non runner we often use the 2nd rated as this becomes the 1st rated by default. But you can choose to skip any races where the 1st rated isnt declared.

In addition you should set a daily profit target and if you hit it, stop regardless of where you are in the 90 min strategy.

For example, the 2nd race yesterday Azure Amour won at 5/1 – £30.00 x 5/1 banked £150.00 less the £20 from the 1st race loser means a net of £130.00. I actually stopped at that point as I like to make £100 a day if possible.

You must also have a stop loss – mine is the £50 or £60 last bet – it means there has been 5 continuous losing bets.

So I can lose either £150.00 or £200.00 on any one day. I also dont bet EVERY Day – We do not include Saturdays and Sundays in our results as I don't find it worthwhile betting on these days!

Jame's Prize Points Strategy

This is a PROVEN strategy that works along side the TPS ratings. This strategy was devised by ‘James’ who is one of our long standing members. James has spent a lot of time perfecting this strategy and his efforts have paid off with a very profitable system.

'I have been a member now for 5 months and firstly I would like to say a huge thank you and well done to everyone who contributes on the forum. The information and advice offered is unbelievable!!'

It has taken the 5 months to now settle on a strategy that suits both my style of betting and profit targets. I have taken Matt’s advice and used the ratings and also done a little bit of my own research and hard work! Therefore, my strategy begins the night before a days racing as soon as prices are posted on the Racing post website.

The Strategy:

I limit my betting to races containing 8 runners or less and quickly go through all cards to find them – this varies from 6 races a day to 12 on busy days later in the week. All race types except sellers and claimers are included.

I then use an old rating method that has previously served me well to rate the top horses in each race. The rating system is:

Score the horse for his last 3 runs – 5pts for a win, 3 pts for 2nd, 2 pts for a 3rd and 1pt for a 4th.

• If the horse has won over course award 2pts
• If the horse has won over distance award 3pts
• If the horse has won over course and distance award 4 points
• If the horse has been a beaten favourite award 2 pts
• Finally if the horse is in the first 3 of the betting award 3 points.
• Therefore a maximum score for a horse would be 24 pts.

To this score I then add the horses RPR (Racing Post Rating).

To this I then allocate a score depending on the price of the horse at that given time. This scoring is as follows:

• Evens – 23
• 11/10- 21
• 6/5 – 21
• 5/4 – 20
• 11/8 – 19
• 6/4 – 18
• 13/8 – 17
• 7/4 – 16
• 15/8 – 16
• 2/1 – 15
• 9/4 – 14
• 5/2 – 13
• 11/4 – 12
• 3/1 – 11
• 10/3 – 11
• 7/2 – 10
• 4/1 – 9
• 9/2 – 8
• 5/1 or longer 7
• A score of 24 is given to odds on horses regardless of price.

Therefore an example would be:

2.15 @ Lingfield – Aurora Grey

Form Score – 17

RPR – 75

Price when calculated – 11/8 – 19

Total – 111

Once all races are covered I then wait until the morning to check my scores with Matts ratings and also Richards matched ratings. If the same horse comes up as top rated then it is a selection.

I combine selections in yankees, trixies etc but they can also be bet in singles.

The strike rate has been very high ranging from 40% to 75% most days and there have even been a couple of days with a 100% strike rate.

Pipping's PRS Strategy

Pippin has had amazing success with this simple but effective strategy. If you are looking for a quick solution

So guys and gals, I thought I’d better share this Place Recovery System with you which is operates at 100% success (according to my records) and it is a slight play on some of the strategies we’ve seen before.

So how does it work:-

1. Use Betfair Exchange standard place option.

2. Matt’s first rated horse is always the preferred selection with the second rated in default.

3. We want odds between 1.6 and 3.5.

4. Races should have 6 plus horses

5. If the first rated is below 1.6 to place we move to the second rated and if neither are an option we swerve.

6. Your daily profit should be no more than 1% of your bet bank.

7. You calaculate your target profit/stake so e.g. If looking for £25 use the Jonny Bravo formula 25×1.06=£26.5/odds – 1 (so if 1.6, 0.6)=stake. If a race loses you add the lost stake to 25 and apply the formula again.

8. STOP AT WIN.

9. Stop loss is 5 races but I don’t think you’ll need it.

TPS Rated Top Jockey/Trainer Selection Process

1. Open up SportingLife.com and make a note of the following – date, venue, time, top jockey (by number of wins), top trainer (by number of wins), name of horse being ridden by top jockey, name(s) of horse(s) trained by top trainer (list them all if more than 1), how many naps for each selection (if any or 0 if none), number of runners, race type (as detailed at the top of the page on SL.com). If the same horse is ridden and trained by the top jockey and top trainer, then just make a note of the one horse.

NOTE: if there is more than one jockey or trainer with the same amount of wins, then go by highest percentage. If still the same, list them all.

2. Open up the TPS ratings and make a note of which horses on the above list are rated 1^st or 2^nd. Eliminate the rest (we are only interested in the TPS rated selections that match).
3. Now eliminate any selections that are in the following race types – Hunter’s Chase, NHF (National Hunt Flat) or Novice Handicap Hurdle
4. Focusing on the 1^st rated horses first, eliminate any selections that are in races of 4 or less runners and 10 or more runners. Only races of 5 to 9 runners should remain. (This should only be at time of checking and doesn’t matter if non-runners occur afterwards).
5. Now eliminate any 1^st rated selections that are running in AW Handicap and are NOT napped. Only horses that are 1^st rated in an AW Handicap and napped should remain.
6. Now focus on the 2^nd rated horses. Eliminate any races with 3 or less and 12 or more runners. Only races with runners between 4 and 11 should remain.
7. Finally, eliminate any 2^nd rated horses running in a Handicap Hurdle.
8. The remaining horses are the qualifying selections for the day.

Staking

Here is a list of possible profitable staking plans –

Plan #1 – Level staking – 1pt on each selection every day.

Plan #2 – Progressive staking – 1% of bank on each selection every day. As the bank grows, so does the stake.

Plan #3 – Profit target – staking a certain amount on the first selection to win a specific amount, using loss recovery and stopping at a winner or after 5 losses. Avoid odds-on selections.

Fun bet – EW lucky 15. Take the first 4 selections and put them in an EW lucky 15.

Small sample of typical day

Carls Double Match System

Show Betting System

Betting Guidethe Place To Win System

Horse Racing Strategy

Dutching

Considered one of the most popular racing betting strategies, dutching is a process which ensures that even when you bet on several horses, you will make the same profit regardless of which horse ends up winning.

Although you may believe dutching is not worth the money, there is a reason behind the madness – the mathematical way of calculating can be highly efficient when wanting to bet a specific amount.

Dutching can become a successful horse racing strategy when you decide how much you’re willing to bet and then work out the profits, regardless of how the race turns out.

Betting Guide The Place To Win System For Windows 7

Value Betting

Another horse racing betting strategy involves a more general method that can be applied to many betting opportunities. The goal is to maximise profits over time and there is a clever way to do so.

For example, let’s say that you have identified a selection that has been given an odds price of 2/1, but you believe that there might be a higher winning chance than that. If your calculations are correct, then you have a good value bet.

Of course, no horse racing betting system can guarantee complete success, but at least you will get the chance to improve your handicapping skills.

Horse Racing Rating Systems

Horse racing has been around for generations and it can seem increasingly hard to make your mark in an oversaturated market. If you’re looking for horse racing advice, it’s important to start by understanding the rating system – a way of scoring a horse’s performance and examining its potential in winning or performing well in a race.

Betting Guide The Place To Win System For Small Business

• Form
• Speed – past and present
• The reliability of the horse’s form
• Performance
• Trainer
• Jockey
• The current race – what elements are in this horse’s favour?

Betting Guide The Place To Win System Drive

Having access to the horse racing rating systems can be hugely profitable and you can typically refer to either the official or speed ratings. However, the problem is identifying the most profitable horse racing system when bookmakers also have access to the same information.