Place Betting: A seriously profitable alternative.
Place betting on horse racing is an under-used strategy as most people tend to think only about each way betting as an alternative to backing a horse to win.
However, place only betting is a serious alternative for the each way punter. Why should you conider horse racing place betting? Simply because it’s far easier to select a horse to place and back it to do just that (one bet) rather than back the same horse each way (two bets).
Think about this for a moment. Place betting involves just one bet and you win of your horse wins or places. Each way betting mans you are placing two bets – one for the horse to win and one for the horse to place. If it does not win, you lose that part of your bet and now to just break even on the bet your horse has to place at odds of at least 5/1.
What’s better for you in the long run do you think – a good strike rate to place or hoping the horse you’ve backed each way is at sufficient odds for you to break even on the bet if it does not win but still manages to place.
Place only betting is the powerful and profitable alternative. The post above looks at this in more detail.