Placepot Info

[Tom]

Check this guy out

http://www.goughinfo.co.uk/how%20to%...%20racing2.htm

[kompressaur]

Bloody hell Tom he could at least get rid of them scary pop ups to attract folks. I used to do permed placepots still do the odd one but i think theyre generally frowned upon by 'the pros'.

Here's what that pop-up placepot site claims to save you the bother-

The things you need to know! Plus:-Free tips for the placepot-free daily tips
How to make money horse racing, featuring form analysis systems and methods for finding winners, "value" in betting, free tips for the placepot here in England each Saturday, a tipping section for U.K. racing, a database of horse racing reference info and a section on all-weather racing.

We will be looking at the placepot (known in some countries as the place accumulator) as I believe it offers good overall value. I have recently added a new tipping section for U.K. racing with my daily tips. For the punters I have created a section on horse racing and sports betting where for your convenience you can place all your bets from that page. There are links to bookmakers and the exchanges.

On the horse rcing database pages I have now added full statistcs for Sires which should prove to be of great help to race analysts and punters alike.

Due to the great demand from my many regular visitors, I will from now on offer my horse racing tips on a daily basis i.e. 7 days a week!!

How to Make Money Horse Racing is divided into 4 parts and the horse racing database is in 6 parts.

Part 2:-Value in betting and free tips for the placepot.

• value in betting.........
  

Some punters might be brilliant at picking winners but could find that making money from backing them is totally another matter! Many punters would think that all that matters is picking the biggest possible percentage of winners and betting them to win i.e. the highest possible strike rate. However it is a fact that it's far more profitable to back 20% winners at average odds of 6-1 than 50% winners at average odds of 5-4!! And let's face it, it is no easy task to pick 50% winners. In fact I doubt that many people do, no matter what they say! So therefore obviously it is value that matters the most, but bear in mind that value is not necessarily only found in win bets. For me personally I think that the placepot can represent really good value over time.

• A word about "value" I feel is necessary! Surely:-
  

in horse racing terms a bet is true value when the odds on offer are better than the horse's true chances of winning.

OK great statement! However the problem of course is assessing the horses true chances of winning! How can we know when we are getting true value? Well I'm afraid there is no magic answer to that one. It should always though, be based on your own opinion in any case. Whether we simply go by the newspaper tipsters and assign odds to each horse based on that or perhaps use the forecast odds given in the papers, or take the time to study form using perhaps the Racing Post, what we are doing either intentionally or not, is making a "book" of our own giving us what we consider the horse's odds should be in our opinion. Then when we make our selection and the odds on offer exceed the odds we think it should be for that horse, then we have found value.

Now in certain races we might well consider odds of "evens", 5/4, or even "odds on" to be good value if we think the horse is a good thing and we don't give any of the other runners much of a chance and the offered odds on our selection are better than what we assessed they should be. That does not mean we have to have a bet if we do not want to back at those prices! We can be patient until good value at longer odds comes along. Never, ever, try to find or rather expect to find the winner of every race, it just will never happen and people go broke with the "must have a bet" mentality. One can calculate what average odds one has to bet at based on your individual achieved strike rate. You must be honest with yourself though!

This is why I am amazed if I hear some television presenter or perhaps read in the racing press about not backing a particular horse which they sometimes admit should well win, but because the odds are very short they come up with something else because it represents "better value". No! That is just longer odds not better value. Now of course I know what they are getting at! My statement in the opening paragraph was "it's far more profitable to back 20% winners at average odds of 6-1 than 50% winners at average odds of 5-4!!" That is how they are, quite correctly, thinking. But the point is never look for an alternative selection based on longer odds, your pick is at either acceptable odds or not! Remember, there is no value about a loser. Surely the first essential is to have a winner to begin with. As I said though, we do not have to accept the price if we consider it too short a price for us to back, we can wait, but certainly there is never any value in a loser....

Another issue that affects value is, it is well known that some jockeys ride a lot more winners than others. That might be because they are better jockeys, or it might be because they are riding better horses or just riding a lot more often than the other jockeys. The point is that some jockeys have many followers, so horses they ride, tend to have SPs which are shorter than they otherwise would be. Some jockeys have few followers so their mounts tend to have SPs which are longer than they otherwise would be. So watch out for that. You might not be getting quite the odds you should about horses ridden by the likes of Kieron Fallon. However when you identify a likely winner and it is ridden by a competent but unfashionable jockey you might be getting better value than you might otherwise have done. Obviously though if your choice is ridden by one of the fashionable jockeys like Fallon, and the price is what you think it should be, then all the better!

Right, we have covered the theory of how to find the winners and what represents value in betting. Now is the time to put everything into practice. Punters will all have their own favourite type of bets, I would never try to talk anyone away from that! Personally I invest in the placepot (place accumulator as it is known in some countries), as I believe it offers very good value. The placepot should always only be evaluated over a fair period of time i.e. 6 months or preferably a year. On that basis we will definitely always show a good overall profit! Personally I also back my selections in individual races using the principles of the 'backers book' outlined further below or the exchanges.

sorry i never read it tom as it looks like another load a bumph. Good luck to him though.

[slick]

Placepots justs a lottery, won 4 grand on one yrs ago, then not long after went through the card with 6 winners mainly outsiders.

The jackpot was £121,000, if i had had an accumalator i'd have won around £20,000 and what did my my placepot pay?................£16.10

Never touched one again.

[Tom]

If you look down at the bottom he as rather good success

[kompressaur]

Aye so he says Tom. Imo if youve got something so good thats making you money why sell it on a cheap tacky pop-ip riddled site on the net?

Worst of it is with this kind of bet is that he would actually lose more than he would gain from getting folks to join up as if theyre all sharing his picks then theyd be sharing his placepot returns too.

I'd say beware Tom.

[Oddsfellow]

Greetings all,

The guy talks about value, but the how heck you can assess value on a placepot bet when you dont know what odds you are going to get until after the bet has run! The only placepots i have a go at each year are at the festival where the rewards are good.

Got a couple of placepot systems i will put up later (not my own or tested)

[kompressaur]

good to see you oddsfellow. Hope your well and showing profit. Id agree with the big festival one as you can get a good run for your money and the posts can be massive as you say. I got my first electric guitar in 95 when i won over a grand for a quid. Trying to rememeber the horse in the last. It was from a similarly named group of horses and wore Newcastle colours.

I got one up that paid £16,000 dividend. Only had 1p on it. I was young, skint and naive. I used to like them as i could watch the pot going down on ceefax. It was part of my fun. I used to perm them upto 900 bets on each placepot