CREATE YOUR OWN WINNING RULES WITH DAQMAN’S BETTING SECRETS: Do you want to be ready to win money when racing returns? There’s no better place than BETDAQ. Daqman’s ‘how to’ advice comes with warnings on the health of your wallet and structuring of your bets that’s absolutely essential. In his Question Time yesterday, he advised you not to bet when you’re bored and only to test your ability with small-stakes fun bets. Now he looks at the way to work your passage when you play as a regular punter. Create Your Own Winning Rules is part of his Secrets Of Winner Finding… Every day this week
I WAS SPEECHLESS AT SEEING DOUBLE
The win bet that finished second. That’s the big temptation for punters towards betting for a place.
Generally speaking, it’s a fallacy. There is room for place bets, which I’ll discuss later, but basically going each way is reducing the odds that attracted you as value in the first place.
As an introduction in my questions format yesterday, I marked up win and place separately (6 out of 10 each for beginners) because that’s how you must practise them: as separate bets. Win, place – and doubles – are all separate bets.
I was lucky to have mentors of some distinction in my racing life, and I’ll pass on some more of their wisdom to you another day. When one of them told me a double was separate bets on each horse, I was speechless.
Then he said: ‘If you have a 10-1 single today, and it wins, will you then turn round and put the lot, every penny of your return, on another horse on the same card? Nothing stopping you, but think about it: doubling up is actually having two bets.’
In fact, that day, he put me right three times in one afternoon’s racing. I had often had each-way bets, and wondered why my bookie smiled as he returned me my bit of cash from the place return.
‘I see on your betting slip,’ said my man, ‘you’ve got the same stake for the win as well as the place: £1 each way Sentosa.
‘But you were telling me that sometimes the place bet is just a saver for the win stake whereas, at other times, you’re very strong on the place and just hopeful the horse might win.
‘Those are different bets. You need a smaller place stake, if it’s just a saver; and a smaller win stake, if it’s a chancer. Something like £3 win, £1 place; or £1 win, £3 place.’
‘Ah!’ said I, ‘I’m following a system,’ aware almost as I said it that I looked and sounded like Goofy with the big feet. He looked at me as if I had egg on my face. Metaphorically so, I had. But not quite enough to cover my blushes.
So I asked for more. ‘The system’s doing well,’ I said.
It was the first time I’d heard the one about the man deployed by the system’s syndicate to take their money to the races, as their ‘putter-onner’. He wired them: ‘System doing well; send more money.’
My man looked at me, head on one side, grinning as he put the needle in again: ‘Have you tested it to level stakes?’
I saved myself more scrambled egg at that stage. I went silent, cuing him in again with a look of ‘ok, tell me what’s wrong with that!’
‘There might be some relevance to it as a plank, though I’ve never really found it myself,’ he said. ‘You certainly wouldn’t catch me betting to level stakes.
‘I can’t imagine in a million years having the same stake at 10-1 as at 10-11. Can you, honestly?”
‘But, as a test..’
Which is precisely why I awarded six points each to win and place yesterday so that, when the new season eventually gets under way, you’ll test each bet and learn fairly quickly that the odds may be one thing when you search for value, but the stake is another modifier.
From Question 1, 2 and 3 yesterday, we decided to bet small to level stakes, thinking only in terms of learning to trade for small profits – no wild lottery bets – and to ‘keep a record of what went on.’
I think you’ll quickly get the message that staking is the most important thing. We’ll be cranking that right up until you can ring the bell enough times.
PLACE BETS: There may be room for place bets if the odds are right. It’s possible with eight, nine or 10 runners giving you three chances of a return when the win bet has just the one. But be warned that the place odds are likely to be lower than usual.
The same applies to place bets in a race where you are taking on an odds-on favourite. They need to be biggish offers the place, so you need to be on one that’s not popular with the crowd.
So, too, for outsiders in a big race. Is the place bet worth it? Only you can decide from keeping records of your bets, or from your fictional bets when you start completing Questions 1 and 2 from experience.
The good news, of course, is that there are separate win and place markets on BETDAQ, and it really helps you recognise that there are separate issues. We’ve just scratched the surface. See you tomorrow.
NEXT WEEK: Let’s win the Guineas now!
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