How to Work Out Your New Place Odds When Betting Each Way Singles - Each Way Bets Explained.
We already have an article to work out your win singles - see page Work Out Single Bets - this article just concerns the place element of your bet.
To save repetition I will also here not go into which races qualify for a quarter or a fifth odds - we,again have many articles that give you that info in other articles at HOME > articles.
So,if you do bet in each way singles and the horse loses,you still get your place odds - but what are those place odds?.
Below will explain to to work out those new odds and your winnings quickly and easily by calculator - manual methods are also explained elsewhere on this site.
You backed horse at 11/2 each way - 1/4 odds.
Again,i will not bother with win part of your bets - just the each way,or placed part.
Firstly you need to create the place price from your win odds.
Just multiply the right hand figure by 4 (if it was 1/5 th odds you would multiply by 5).
So,the place price now becomes 11/8 (the 2 was multiplied by 4) - this is your place odds.
Same procedure for all prices....
16/1 at 1/5th odds.
New place price is 16/5 (1 multiplied by 5).
By the way,this method can be applied to all each way bets on sport,not just horse racing.
You often get 1/3 or even 1/2 for some sports bets - so,just multiply the bottom number by 5 (fifth odds) , 4 (quarter odds ) , 3 (third odds).....and so on.
More difficult odds - placed horse at 13/8 - 1/4 odds.
New place price is 13/32 (8 multiplied by 4).
Odds on - just as simple - Placed at 4/9 at 1/5th Odds.
New place price 4/45 (9 multiplied by 5,would be multiplied by 4 if quarter odds).
Those new odds look horrendous to calculate - but not if you have read Work Out Single Bets page - the procedures for all odds are the same - it's simple and very quick !.
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By Pendil at SAFE BOOKMAKERS SITES.©This article can be reproduced by anyone,so long as article is reproduced full and intact with all links unchanged.End of article.
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