Most punters back each-way without ever pricing it. This is horse racing betting from 1988 that still holds up: an each-way bet is not one bet with a safety net, it is two bets sold in a single transaction — and only one half is usually worth the money.
📘 FREE e-book — "Each-Way Betting Forever! — Part 2": download it free and keep Roger's two original tables beside you every race day 👉
pp.practicalpunting.com.au/each-way-betting-forever-p2/
If you want to know how to win at horse racing through steady, sensible form study — not hype, and not luck — this episode is about the half of your bet nobody prices, and how to work out in a few seconds whether it is paying you enough.
What you'll learn:
• Why a quarter of the odds is the fair price for a place, and where that number actually comes from
• How the fair place price drifts as the field grows — and why it never quite reaches a third
• The race shape where the place half of your bet is better value than the win half
• Why a place bookmaker cannot offer you even money, worked through his own book
• How to split one each-way bet into the two bets it always was, and price each one separately
• Why several professional punters back short-priced favourites each-way, which is the opposite of what most punters do
• The minimum price worth accepting before you bet each-way at all
This episode is built on an article Roger Dedman wrote for Practical Punting in March 1988, adapted from his book Commonsense Punting. The bookmakers' boards are digital now; the arithmetic has not moved.
📘 FREE e-book — "Each-Way Betting Forever! — Part 2": download it free and keep Roger's two original tables beside you every race day 👉
pp.practicalpunting.com.au/each-way-betting-forever-p2/