Each Way Doubles ?

[lazystakes]

Just caught this at the end of a thread

Nors wrote :

[lazystakes]

Trying to work this out but feel like my brain isn't working probably

If you bet $1 Each Way on a 8/1 in the first and it gets placed at 1/4

$1 on Each Way = $2

if the place comes in at 8.00 then you gets 2.00 odds times the $1 you had gives you your stake back

so when you but your money on next race same outcome will happen unless odds on Each Way that places are higher than 8.00 or one of the horses win

am i right or going mad?
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[onaed]

[wasimbutt2007]

can someone please explain the Each Way double in more detail please?

[leviatlarge]

Each Way double
both horses are 8/1 and you get one quarter of the odds therefore
the first horse comes in at 8/1 you get one quarter of the odds at 2/1
plus the stake back this gives you 3 dollars on the next race
it comes in again at 8/1 you get odds of 2/1 and stake back giving you
9 whole dollars to play with hope that helped LEVI

[Inatimate1]

I think I remember someone saying that bookies fear E/W doubles, but in all honestly, I think bookies would love them...

Think of it this way, 2 races one @ 2.00, and one @ 2.15... If you place an E/W double on two horses @ 4/1 and the first wins and the 2nd is placed, and the terms are 1/4 for the place, then your return would be £4 to a £1 E/W stake (Total Stake £2).

Now, if instead you put a £1 E/W on the first horse, and it won @ 4/1, you would receive £7 back for your £2 stake, then if you were to put a further £3.5 E/W on another 4/1 (thus continuing from your original £2 stake) and it finished 2nd, then you would receive back £10.50, these are with the same terms as in the first instance.

Also, in the second case, if you put £1 E/W the first runner finished 2nd, then you would receive back £3. Putting £1.50 E/W on the next and it finishing 2nd would return £4.50, so a profit of £2.50 from your original stake....

Alternatively, if both win, the E/W double bet would return £29.
Two seperate bets would return £24.50....

Summarising...

Backing two 4/1 shots with E/W terms of 1/4

1st wins / 2nd places
E/W Double bet return = £4
Two singles return = £10.50

1st places / 2nd wins
E/W double bet return = £4
Two singles return = £10.50

1st places / 2nd places
E/W double bet return = £4
Two singles return = £4.50

1st wins / 2nd wins
E/W double bet return = £29
Two singles return = £24.50


In my view, the benefit comes from going with two singles, although the best posible outcome leads to +£4.50, the other 3 outcomes lead to a return of +£6.50 and + £0.50 when compared to the E/W double method.

Forgive me if I'm wrong but I'm pretty sure that's how it works,
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[Betfairalfie]

[nors]

Intimate1 you are quoting odds of 4/1, well imagine if only one of those in the double was 16/1. an evens and 4/1 double at a quarter of the odds. They are less concerned at 4/1 but concern grows with bigger prices.

[Inatimate1]

Its still about preference in that case nors

16/1 and 4/1, 1/4 for the place

Both Place
Double returns = £10
Singles returns = £9

16/1 wins, 4/1 Place
Double returns = £10
Singles returns = £33

16/1 Place, 4/1 Wins
Double returns = £10
Single returns = £21

Both Win
Double returns = £95
Single returns = £77

Admittedly the return on both placing and both winning is lower with singles, but if the 16/1 wins, and the 4/1 places, the return on the singles is £23 more than the return on the E/W double, whereas although if both win, the return on the double is £18 more than the return on the singles, a 20p double on both to win would increase your singles stake by 20p, but if both then win you would only pick up £1 less than the double and still have a significant advantage in the case of only 1 winner and a place.


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[nors]

The original question was "tips on upsetting the bookmakers". I was reporting what they dont like.

[Inatimate1]

I remember now nors, I couldn't find the thread it was in, but now you have reminded me I have found it, yes i can see your point, they would very much be against it in the case you outlined imho
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