How often will a you see or hear a person say "I've backed this horse 1x3".
For example WIN: $100, Place $300.
"1x3" is an unusual staking method that you hardly ever hear any professional punters say they use. I mean, if it's a bet it's a bet right? Wrong. I've done some research and the results surprised me.
Beating the percentage
Who has the best place market?
Looking at Randwick Race 9 on Saturday at the time of publication (Thursday) here's what major corps betting ta place.
NSW TAB No place market available
There's plenty of fat percentage wise to beat. This compares to 124% which is the best early win market at this point in betting. Funnily enough using today's meetings the place markets generally settled at no better than 350% if you were lucky.
How would you go betting into place markets 1x3?
I'm not a 1x3 punter but occasionally I will back a horse to place or 'each-way' (level stake win & place) when I'm a touch unsure or doubtful that my selection can beat a particular runner in that same race. In my database I record the place element of the bet separately.
What I've found is pretty interesting in that the place portion of my bets are profitable however the win element is not.
Would I recommend 1 x 3 betting?
Looking at my results I personally would benefit from changing my 'each-way' bets to 1x3 or in fact just removing the win element to anything I deem 'each-way'.
Conversely backing my 'win' bets to place only would significantly diminish profits so what this shows is that your '1x3' selections are probably going to be different types of horses to your win bets.
Record keeping is the only way to work out what you are good and bad at. Every punter has all different types of skills and you need to hone in on those to stay in the game. I hope you get as much out of this as I have.
NEVILLE PRICE - July 09, 2020
Thanks Matt, very interesting and beneficial…..confirms a few couple of for me…thank you for the post.
David Potter - July 09, 2020
It’s what I have always said, you should bet win OR place……never win AND place…….I keep records and back a lot if long priced horses…..but always win only……..sure sometimes one will run second or 3rd…..but in the long term you will lose, I consider backing a 50/1 winner each ways is a losing bet! When you bet each way the only way for it to be a “good” bet is for it to run second or third……if it misses a place you lose twice as much……and if it wins you win half as much, I:e, if you have $10 each way on 50/1 winner , you win $500 for the win portion…….and if you are lucky you win $125 on the place portion, total win $625……$20 on the win gets you a $1000 win…..so betting each way you lost $375! That takes a lot of getting back in place bets….as every winner you back puts you further behind on what you should be winning, it defies logic!