This just seems to re-enforce what was said earlier - you may as well bet win-only, your end of year results will be better. You made a loss this day, doing e/w, but straight up > 5x$5.00 = $25 over 18 bets. At level stakes that's a tidy profit % wise.

Just my 2c, I don't post on these forums much.

Thanks Usurper, l will put my spreadsheet in for september so it will show clearly what l do. Down the bottom l have highlighted how l invest 3 for win, 2 for win or 30/60 E/w.

I can see what you mean it may be the way to go & try to back 3 per race l will have to do some research but will do that on the side as the results seem to be the same every month but l agree it may inprove my profit as the outlay wont change.

Hope my excell sheet makes sense as only new to computer stuff, l may be off line for a couple of days as moving into new house today so no betting next weekend as sky will not be hooked up but internet should be back within two days.


Would appreciate if anyone can give some suggestions on better way to invest on this horses to increase profit.

thanks scottsbluff

Attached Files

Sept 08.xls (33.0 KB, 800 views)

If you had done win bets only, using the same $ outlayed, you would have made a profit $17,773 instead of $3,691.

I find it hard to believe someone who's been doing this for 9 years wouldn't have seen this, if this is a typical month of your returns.

Anytime is a bad time to to bet for the place with the TAB. The odds for the place are often 25% or even less than the win odds with no real way of knowing the odds your taking until after the jump.
If a selection finishes unplaced on a 1Wx2P bet, the place outlay is money down the drain that could have been used for two win bets. If the selection places it's a poor value return and if it places with a winning run [as often happens], it's an extremely poor return on outlay.

Specialized place betting and looking for value on Betfair would be the way to go if regularly betting for the place I think. However, considering your stated profit margin so far scottsbluff, I'd be ignoring the place bets and loading up on the win bets for sure.