Each Way Betting. What is Each Way Value?

What really makes a good each way bet?

Firstly lets just re-iterate exactly what an each way bet is. It’s
a bet traditionally offered by UK bookmakers consisting of two separate
bets: a win bet and a place bet. For the win bet to give a return the
selection must win, for the place bet to win the selection must either
win or finish in one of the predetermined places, i.e. 2^nd
or 3^rd. Your stake for an each way bet will be the same on
both parts, so if you bet “£5 each way”, you are betting £5 win
and £5 to place – a total of £10.

Ok so that’s the simple stuff out of the way.

Now let’s talk value.

Betting at value is essentially placing a bet at bigger odds than what
the true chances dictate the odds should be. Of course finding out what
the true chances of something happening are and therefore the relevant
odds isn’t an exact science. Therefore it simply comes down to a matter
of finding “perceived value”.

So with an each way bet we need to evaluate both the win odds AND the
place odds to get an idea of how the prices stack up against our ideas
of a value price.

Opportunities arise with each way betting because the place price offered
against a horse is a fixed fraction (normally 1/5 or ¼) of its win
price, and so may bear little or no relation to its actual chance of
being placed.

There are general misconceptions that
say that betting each way at odds under 5/1 represents a poor bet. And
often horses quoted around 25/1 are touted as great each way bets, on
the basis that the place pays around 5/1.

I’m going to suggest to you that ANY price can represent each way value.

Whether its 10/1 or 10/11.

The calculation that most people do before placing an each way bet is
to work out their returns should the horse only place. So a horse placing
at 4/1 (1/5 place odds) would give a return of £9 from a £5 each way
bet – a loss of £1 overall.

To look at this potential loss in isolation is to look at each way betting
from a narrow and blinkered angle.
This is an entirely wrong perspective in my opinion.

You see lets assume that the horse in question is actually a true 4/1
shot, and therefore it’d win one in every 5 runnings of the same race
on average.

Buts lets also assume that there is very little else other than the
first three in the betting with any real form. And therefore that it
would place on average 80% of the time.

Finding 10 bets like this could easily give the following results from
£5 each way bets:

4/1 unplaced -£10

4/1 3^rd -£1

4/1 2^nd -£1

4/1 Won +£24

4/1 2^nd -£1

4/1 2^nd -£1

4/1 unplaced -£10

4/1 3^rd -£1

4/1 2^nd -£1

4/1 Won +£24

Total P/L +£22

Remember this is a true 4/1 shot, so it would only ever be a break even
situation betting win only. But because of the favourable place terms,
we’ve turned a break even series of bets, into a winning one.

Of course finding horses that have about 80% chance of placing yet can
be backed at 4/1 each way do not come up everyday, but they do come
up more often than you might think.

Two obvious places you might find instances where the place odds make
each way betting favourable are 8 or 9 runner races with an odds-on favourite and 16 runner handicaps.

The principle is the same whatever the race though. It is comparing
the each way place price against the actual chances that will reveal the true value of an each way bet.

Paul Ruffy –

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Paul Ruffy is a respected horse racing advisor
specialising in each way betting on uk horse racing.

Visit his site for more info

Click Here ==> Visit Paul’s Site

—————————————–

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Back Fitting Of Horse Racing Systems

The term back fitting when applied to horse racing systems
can be summarised as over engineering selection criteria
putting all logic and common sense aside in order to produce
what on paper looks to be a profitable historic approach.

The big danger in doing so is that non sensible criteria are likely to
lead to future losses even if researched history shows positive results.

Who Can Fall Prey To Back Fitting?

You perhaps

If you research your own systems it is important to try and think logically.
Are there good reasons why your selection criteria are likely to produce good results?
Be careful not to use silly criteria just because by random fluke
the monkeys with type writers of historical results scatter happen to show some positive results.

If you buy systems from a system vendor tread carefully too.
Remember the seller is often primarily concerned with making a quick buck from you.
Often what he cares about is putting up a big sexy past profits pound sign in front of your nose.
They want your cash today and care little about whether what they have sold you with a pile of hype
has significant chance of doing well in the future.

For more reading around this general concept of back fitting see
the article below.

==> Four Simple Horse Racing Systems

Guy’s good run came unstuck last weekend.

He finally had a losing weekend after five winning weekend’s in a row for us here.

Read below his suggested betting advice for today.

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A s c o t   2.35

4/1 Smad Place, 5/1 A Bridge Too Far, 11/2 Ciceron
6/1 Shoreacres, 13/2 Joseph Lister, 7/1 Royal Charm
12/1 Pateese, 16/1 Orzare, 16/1 Rowan Tiger
20/1 Tara Rose.

* This is a Graded Handicap Hurdle just short of 2m 4f
* Statistically there are only 5 renewals to consider
* 5 year olds have  yet to win this race.
* SMAD PLACE wouldnt interest me because of that
* Especially not first time out when not 100% fit
* JOSEPH LISTER is also rejected as a 5yo
* He looks short of runs with just 3 hurdle races
* You would have thought lightly raced hurdlers are best
* Thats not the case in this race
* Winners had 16 12 32 20 17 previous hurdle runs
* That shows this goes to experienced hurdlers
* ROWAN TIGER is out with 4 runs from a Novice Hurdle
* A BRIDGE TOO FAR has only had 6 hurdle starts
* Without Graded backclass I dont see a strong case
* TARA ROSE – Rejected as a mare with just 4 runs
* ORZARE wouldnt interest me first time out
* ROYAL CHARM doesnt offer me enough
* Not keen that he comes from a Chase
* Not sure he is fit enough
* Not convinced he is weighted to win anyway
* CICERON – I thought he had a fair chance
* CICERON is potentially a saver
* PATEESE – Comes here after well beaten last time
* He had excuses and should strip fitter
* Not long ago he was favourite for the Greatwood Hurdle
* I think he is worth a saver

S e l e c t i o n

SHOREACRES

I like the chance of SHOREACRES. He has had 2 Hurdle
starts since switching from Chasing. He never really took
to fences but did manage a win from 8 Chase starts. Look
back before he went Chasing. This horse managed a 4th
in the Champion Bumper and a decent 7th in a Supreme
Novice Hurdle at Cheltenham. That shows he has plenty
of class. He then went Chasing with limited success but a
couple of hurdle runs recently shows me he can win this.
He does have fewer hurdle runs than all past winners did
but he is plenty experienced because of his chasing races.
I think his last two runs show him in top form and with
a strong form chance. He likes right handed tracks and
is very fit and it’s hard to see him being far away here.

Selection

SHOREACRES Some 7/1 and 13/2 was available earlier when full members got this.
11/2 now top bookmaker price at Ladbrokes, Bet365 and VC
Each way I would suggest

Or alternately if you like bet it on the nose with a saver bet on
PATEESE at 10/1 Bet365 Betfred Sky Ladbrokes BoyleSports

For more info on my private service see here ==> Betting Advice

.

Our usual free horse racing tip from Guy over at the Mathematician Site is below.

To visit Guy’s site click here ==> Free Horse Racing Tips

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SERVICE NEWS

There are 69 days to the Cheltenham Festival. In
aviation terms the National Hunt flight takes off
in November with the Destination Cheltenham in
March. We have been through the turbulance of
weeks 1 and 2 in January where the racing is poor
and one of the bumpiest parts of the trip. Now as
we come to weeks 3 and 4 in January the flight is
now starting a gradual descent down to destination.
During that descent passangers will be able to see
some great landmarks like the Tote Gold Trophy
now known sadly as the Betfair hurdle. There is
the Skybet Chase – The Victor Chandler at Ascot
and many other statistically strong races. We are
entering Ante Post Season now which is always a
lot more interesting than the drudgery you get on
the Sand and the lower grade national hunt cards.
I plan to do full statistical previews for all the big
trials and I always get excited at this time of year.

SATURDAY’S RACING

The horse I am most excited about today
and the strongest bet advised today to Full Members,
runs in a very early race today. I will leave metioning it here
on the free betting blog.

For the free tip today we are off to Warwick for one of the later races.

W a r w i c k   3.40

5/1 Sona Sasta, 6/1 Neptune Equester, 7/1 Blazing Bailey
7/1 Strongbows Legend, 8/1 Major Malarkey, 10/1 Faasel
10/1 Hey Big Spender, Bench Warrent 14/1 Fredo
14/1 Morning Moment,16/1 On Borrowed Wings
20/1 Hello Bud 20/1 Miko De Beauchene.

* The Classic Chase is a high class 3m 5f Handicap Chase
* There are 20 similar races at this time of year.
* Not a great stats race as it has changed over the years
* There is a small sample size of these races as well
* MORNING MOMENT – Not for me 8lbs out of the weights
* All recent winners had more backclass than him
* His last run was poor and he has a weak profile
* Only 2 winners overcame heavy defeats to win similar races
* They all had Backclass in Graded races and he doesnt
* I’d also argue he may not stay this far
* MIKO DE BEAUCHENE looks wrong aged 12
* He has not ran a good race in over 2 years
* He is out of the handicap and offers nothing
* FAASEL is 11 and has a miserable profile
* I dont want to bet an exposed 11yo first time out
* I looked at every race in January
* Thats every distance , every class and any kind of race
* I looked at exposed horses aged 11 or more first time
* None managed to win beyond 3 Miles
* None managed to win beyond a Class 4 race
* The only Handicap Chase winner was 2m 5f in Class 4
* FAASEL has a very hard task in my view
* He has never won beyond 2m 5f before either
* HEY BIG SPENDER comes from the Welsh National
* Horses doing that have a bad record in this race
* There isnt enough recovery time
* That hurts his profile and so does his weight
* Horses with 11st 8lbs in this race were 0-17
* HEY BIG SPENDER also has to prove he stays this far
* His sire hasn’t had a winner beyond 3m 3f yet
* BENCH WARRENT comes from the Welsh National
* Horses doing that have a bad record in this race
* He may struggle to get over a hard race at Chepstow
* Statistically I can live with him
* I cant forgive him a hard 4th in the Welsh National
* Not with a very inexperienced jockey
* ON BORROWED WINGS comes from 22f
* No winners did that in any similar race in January
* His last Chase was only in a Novice Handicap
* His sire hasn’t had a winner beyond 3m 1f yet
* FREDO is exposed and doesnt do it for me
* No exposed horse won when  aged 8
* None won when coming from 3m or shorter either
* FREDO also has to show he stays
* His sire hasn’t had a winner beyond 3m 1f yet
* HELLO BUD is too old aged 14
* I looked at every winner aged 13 or more over 3m 2f +
* Thats in any race and at any time of year
* There was only 1 winner beyond a Class 3 race
* That was Spot The Difference in a Cross Country Chase
* Out of form aged 14 he is not worth betting
* BLAZING BAILEY comes from the Welsh National
* Horses doing that have a bad record in this race
* There isnt enough recovery time
* I can accept the argument he is a class horse
* And that he will like the ground and the drop in class
* You can also argue he didnt have too hard a race at Chepstow
* Statistically though he is not strong
* I looked at all exposed horses running within a month
* They had a bad record and none ran as badly as him last time

S h o r t l i s t

* MAJOR MALARKEY has 1 run this season
* Thats easily my biggest problem with him
* Past winners had  1 2 3 2 6 2 4 runs that season
* Last years winner was a 9yo with 1 run this year
* That really does help his profile
* Last years winner also had 9 Chase starts like him
* Last years winner helpsm to gets him shortlisted
* Without that evidence I’d have opposed him
* Still bothers me he’s the only horse with 1 run

* STRONGBOWS LEGEND is hard to read aged 7
* All 7 year old winners were placed last time
* STRONGBOWS LEGEND Fell which isnt a good preparation
* Ignore that and he won 25 lengths before that
* This is said to be a very well handicapped horse
* His lack of backclass bothers me a bit
* STRONGBOWS LEGEND has no form beyond Class 3 grade
* The last 7 winners all had Graded form
* Almost every similar winner had more backclass too
* He is 5lbs out of the handicap as well
* I like him a lot but not sure if he has the class

* SONA SASTA has 5 Chase starts
* We have had recent winners with 4 and 6 chase starts
* I’d have liked a slighly better last run
* I can overlook that as he hasn’t done much wrong
* If the grounds right he must be a player
* He has to prove he stays this far though
* Thats not certain on his breeding

* NEPTUNE EQUESTER – No strong problems with him
* He did the right thing avoiding the Welsh National
* I dont see why he shouldnt go well

Selection

NEPTUNE EQUESTER 13/2 Each Way

13/2 available at Bet365

For live market odds see

http://mathematician-betting.bestbetting.com/horse-racing/2012-01-14/warwick/15-40/betting/

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A couple of free soccer betting tips for you from Phil over at the Football Bets site.

Why would you be interested in such advice?

Well Phil is an ex bookmaker and has proven he knows a thing or two about betting on soccer.

The Football Bets site has an excellent long term record indicating that you would be circa £16k up since Nov 2009 if you had had a £100 level stakes bet on each selection advised.

These are some of the advices for today.

More in the football bets member area right now and you can access that for just £1

Click Here ==>  Football Betting Tips

=============================

Walsall v Bournemouth (3:00pm)
Bournemouth ‘DRAW NO BET’ at 4/5 William Hill  8/11 Sky 1pt

Milton Keynes Dons v QPR (3:00pm)
QPR ‘DRAW NO BET’ at 10/11 William Hill 20/23 BoyleSports 5/6 Bet365 – Sky – VC  1pt

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Guy from the Mathematician Site has now given us five winning weekends in a row here on Sports Betting Blog. I know from feed back he helped improve Christmas funds for a few subscribers here.

Can he make it six in a row?

==========================

Mathematician 1153

Lingfield  3.55 – PIPERS PIPING  10/1 Each Way

L i n g f i e l d

Lingfield has a ferocious card. I have half chances in a
lot of races but not sure there is anything good enough
to advise. I nearly did something in the 3.55pm but I’d
run out of time. I like Pipers Piping and City Legend a
bit and although I have not made a strong enough case
for a very strong bet I can go with a mention. Rather
than have City Legend as a saver I will take a simpler
route and suggest PIPERS PIPING each way at 9/1 +

It’s very hard today and I have struggled to find any
really decent bet and I think it’s a dangerous day so
go careful and consider its a particularly tough day.
I see this more as a Fun Bet and no guarantees we are
going to get anything back from it.

L i n g f i e l d   3.55

9/4 Sketchy Evidence, 7/2 Eager To Bow, 11/2 City Legend
13/2 The Strig, 8/1 Pipers Piping, 10/1 Cativo Cavallino
12/1 Hawk Moth, 16/1 Silvee, 20/1 Sienna Blue
25/1 High On The Hog.

No time to look at this handicap in any great detail
but I checked out Sketchy Evidence and would have
opposed him. No winners came from maidens with
2 runs as he does. Only one winner came from a 6f
maiden and that horse had a long absence and I just
see him as shaky. EAGER TO BOW does have the
much safer profile but he didnt excite me and that
aside his draw would put me off him. There are two
I think stand out with recent races in this race.

* CITY LEGEND – Every chance of taking this
* PIPERS PIPING – Looks interesting with better jockey

Selection

PIPERS PIPING  10/1 Each Way at S James

For live market prices see
http://mathematician-betting.bestbetting.com/horse-racing/2012-01-07/lingfield-park/15-55/betting/

If you are led personally to City Legend I would not put you off it.

To Visit Guys Site Click Here ==> Betting Advice

Our Usual free Saturday Tip from Guy at www.mathematician-betting.co.uk

Guy is aiming to hit an impressive five winning weekends in a row !

———————————————————-

L i n g f i e l d   2.15

EVEN BOLDER 7/1 + Each Way

I start with a difficult nursery at 12.30 but I feel we
have enough negatives to sort this out. I have made
COMPTON TARGET my selection and had a saver
on Moment In The Sun but I could easily have gone
the other way around. I dont think I will be far away
here but I didn’t really see this bet as selection class.
The short price means SAFARI SUNSEEKER is not
going to be the selection either but a hot profile and
I think he probably will win. I do have a dilemma in
EVEN BOLDER and it is preying on my mind a bit.

In the last two days the best bet in the message won
at 7/1 and 7/2 but only when mentions. Yesterday I
had the first 5 winners at Lingfield and now I come
back to having a selection it would just be so typical
if Lingfield were to bear it’s teeth to throw up some
traffic problems. EVEN BOLDER is often unlucky
and he runs at a track where you need luck so I will
not be surprised I report tomorrow how unlucky he
has been. Emotion and Scare Mongering aside what
a great price he is. Freely available at 8/1 on Betfair
this is the Lowest Class of race he has raced in for
a very long time. He has been beautifully Placed in
this race. He has slipped in nicely into a 0-65 race
for the first time in years and meets opponents he
should be able to beat. We have a Top jockey and
I think he should be closer to 7/2 than 7/1 and he
could be bigger later on. He has to be worth a bet.

L i n g f i e l d   2.15

3/1 Wreningham, 100/30 Griffin Point, 9/2 Royal Bajan
6/1 Dorothy4s Dancing, 7/1 Even Bolder, 12/1 Sherjawy
12/1 Vhujon, 12/1 Welsh Inlet, 25/1 Dells Breezer.

* This is a 5f Handicap for 0-65 rated horses
* There are 104 similar races at this time of year
* DELLS BREEZER – Opposable with 1 run this year from 5f
* DOROTHY4S DANCING  is hard to read
* She is a 3yo filly and has just 1 run in the last 59 days
* That would worry me for a filly so lightly raced
* I looked at fillies like her with 9-12 runs and Class 4 form
* I found 1 similar winner a long time ago
* That horse had a stone less weight and more recent run
* DOROTHY4S DANCING – Not a negative but not for me
* I am uncomfortable with her profile
* VHUJON – Doesnt really offer me enough
* Not hard to see him getting outpaced here
* Not sure he is capable of taking this over 5f
* GRIFFIN POINT is 4yo filly from a 5f race
* I found 3 winners with that profile but all had more backclass
* None like GRIFFIN POINT has between 13 and 20 runs either
* She has 17 runs and isnt quite right
* I like the recent run just not the limited backclass
* SHERJAWY is a exposed 7 year old
* He lacks a recent run within 2 weeks
* There were 4 winners but 3 had Listed or Group class backclass
* Those like SHERJAWY who didnt were just 1-45
* That winner ran better than he did last time and with less weight
* SHERJAWY -  Not an impressive profile
* He is well handicapped though and not a negative

S h o r t l i s t

* ROYAL BAJAN is 3 from a 5f handicap
* He lacks a recent run and has Class 4 form before
* I found 2 winners like him but with 2 differences
* Both winners ran closer last time than he did
* Both had 8st 11lbs or less and he has 9st 6lbs
* ROYAL BAJAN is not a negative but not quite right
* I’d like less weight and a more recent run
* ROYAL BAJAN has had just 1 race in the last 94 days
* Thats not a lot for a 5f sprinter
* WELSH INLET is an exposed 3yo filly
* She comes from a 5f handicap and has Class 4 form
* I found 2 recent winners bit both ran within 2 weeks
* None with her profile tried to win absent over 2 weeks
* WELSH INLET has a Neutral profile
* WRENINGHAM is an exposed 6yo winning last time
* I found a couple of winners with a similar profile
* One had far more backclass but he ism just about ok
* This is a career high mark though and he is beatable

Selection

* EVEN BOLDER is an 8yo from a 5f race
* All winners his age and over did the same thing
* They all finished within 2 lengths of the winner last time
* EVEN BOLDER beaten 3.5 lengths is not technically right
* Ignore that as he was badly drawn and badly hampered last time
* He could and should easily have been much closer
* This is also a drop in class for him
* When has this horse ever had only a 0-64 field to beat
* EVEN BOLDER has a massive chance for me
* He has spent almost his entire career in better class
* I would see him as a serious runner for all his frustrations

Nb 7/1 was available earlier when full members got this.

Best price now 13/2 at VC

Guy aka The Mathematician has given us three winning Saturday’s in a row here on Sports Betting Blog.  At circa start of Octover he also went on a short run of an 18/1 winner followed by a 6/1 winner.

Four in a  row is a big ask however.

Fingers crossed

Here is his free tip message for today.

============================

I like LOYALTY’s chance a lot mainly because he
has a good profile but also because I can tear holes
in the profiles of many of his opponents. The big
problem here is a big field and the desperate need
for luck in running and there are no guarantees of
that and this makes him unsafe and far more riSky.

Friday’s  Full Service Review

Overall a pretty spicy message yesterday given time was
lost with the Racing Post website going down. I ended up
with 14 races to sort out. There were 4 of these that we
broke level in through either savers or each way bets and
they just cancelled each other out. That left 10 races and
there was a clear victory with 5 winners and 5 losers lots
better than I had hoped for. This included a 10/1 winner
so well ahead on paper and overall a good message which
shows my angles work and also shows the more you read
from the message the richer the experience should be.

L i n g f i e l d  1.50

3/1 Mabait, 9/2 Spirit Of Sharjah, 5/1 Clockmaker
6/1 Loyalty, 8/1 Night Lily, Kakatosi, 12/1 Bravo Echo
12/1 Elna Bright, 16/1 Mr Willis, 25/1 Layline
66/1 Mister Green.

* This is an all aged conditions race over a mile
* Quality race but only 18 similar races are run
* I think you have to look at the Draw here
* I looked at 8f Lingfield races with 10 + runners
* The last few races went to the following stalls
* 8 6 5 8 12 7 11 10 2 8 3 10 3 7
* I think the worst stalls have to be 1-2-3
* The last 8 winners were drawn 5 or higher
* MABAIT is Top rated but I see interesting flaws
* He has fewer runs this year than every other runner
* All exposed horses had more runs this year than him
* All horses from 7f races also had more runs
* MABAIT is exposed and comes from 7f
* Dont feel he is equipped to do that with 4 runs this year
* LAYLINE comes out badly with his absence
* ELNA BRIGHT – Doesnt appeal from a 6f race
* KAKATOSI looks unsafe to me
* He has just 1 run since last July and was thrashed in it
* Throw in a step up in distance he looks opposable
* MISTER GREEN is outclassed
* MR WILLIS comes out badly and is badly weighted
* For an exposed horse up in trip he is underraced
* SPIRIT OF SHARJAH wouldnt be first choice
* Not exposed and with 1 run since last June
* SPIRIT OF SHARJAH also has a bad draw in stall 1
* NIGHT LILY wouldnt be my first choice
* I think Stall 2 wont do her any favours
* She is also a Mare and comes from a conditions race
* BRAVO ECHO – Not a negative but doesnt offer much

S h o r t l i s t

* CLOCKMAKER – I see him as shortlistable but unsafe
* He comes from 7f and winning last time troubles me
* The only horse winning at 7f last time was younger
* I think there are flaws in his profile but he’s in form
* Not keen on his draw much in stall 3
* LOYALTY – Very nice profile 3 similar winners
* He is well drawn and has easily the best profile
* Will need luck in running but a clear choice

Selection

* LOYALTY 6/1 Each Way Bet365 Stan James

To visit Guy’s site click here ==> Horse Racing Tips

.

Horse Betting Analyst is a service I have been monitoring personally since April this 2011.  The impressive results listed on their own results page match up with what I got in my inbox daily.

They are not the cheapest service out there but they do produce good results. Being a bit expensive also helps keep client numbers down so you would not be one of hundreds or thousands trying to get on.

The below for example was sent out by them at circa 10.30 this morning. Now after 12 noon there is still loads of 16/1 available.

So fees may dictate them not for the casual £5 punter. Bigger stakng investor style punters however looking for a proven past profitable service should take a closer look.

Their messages are short and sweet and to the point.

You no long winded waffle just the key details you need to bet.

Here is a live sample selection for today.

( they actually have another runner as well today in their full member area )

I guess they are an example of the sort of stuff I want to draw your attention to here in future.  ie not new stuff launched with loads of marketing hype and no past history but rather stuff that is proven to me personally over time and that I can honestly vouch for as doing what it says on the tin.

========================

For Saturday 17th December 2011

1.50 Lingfield

BRAVE ECHO 2PT E/W @ 16/1 Ladbrokes BOG
========================

For more info on them click here ==> Horse Betting Analyst

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The following is a snippet from today’s message from Big Mike.
Big Mike is an ex accountant who know lieks to use his knowledge of numbers to take cash of the bookmakers.

His followers get daily messages with an array of strategic bets on both horse racing & sport.
The following snippet I thought posting up here as it is an educational piece you can learn from showing you how to hedge an each way double.

More from Big Mike at ===> BIG MIKE BETTING

=========================================

Hedging An Each Way Double

The best way of showing how to play a hedge is with an actual example.

AWESOME FOURSOME

4 x £4 ew doubles

Tarn Hows 5/2 & Real Milan 8/1 12.05 Uttoxeter
with Remix 7/2 & Lady Lyricist 12/1 350 Wolves

Stakes of £40 at Bet365 ‘Best Odds’

In the first race Real Milan managed to win at 12/1 and Tarn Hows was
placed at 5/2.

So in effect because of the price of the winner in the first race we had
£52 running on the win side of both Lady Lyricist and also Remix.

I emailed all members as we had to protect this vast windfall. Neither of
the two horses were expected to win so we had to retrieve something in
order to live another day.

The first thing to do is to work out how much would be won if either of the
doubles would have landed. At 7/2 the Remix double would have produced app
£180 and if Lady Lyricist had obliged we were talking well over £1,000.

So we had plenty of oil in the tank. My initial suggestion was to retrieve
stakes at least by laying £4 pre start on each horse back to Betfair. I
then suggested placing mines (lays in running) and in fairness to Remix a
good return was made as the horse was laid down to 2.02 on the win site.
Lady Lyricist was last seen in the middle of Wolverhampton at 9pm last
night so nothing back from her save the initial £4 lay.

On the place site it was a different kettle of fish as Remix – at 7/2 – in
effect gave 1.7 return if placed yet was layable at 1.28 before the start.
Similarly Lady Lyricist at 28/1 would be the equivalent of 6.6 on the place
site yet again layable at a considerable advantage at 3.2. At a stroke both
horses could have been laid at least for £26 (Half the gross bet) and the
cost would have been app £7 on Remix and just over £70 on Lady Lyricist. It
may seem a lot to hedge but consider that the place return if successful
from Remix would have been £35+ and on LL the place return at SP would have
been £250+ – so there was much to save.

Always remember that these huge doubles are rarely going to land – so
evasive action is a must.