In part one we covered the selection process, and went into understanding the concept, for pool betting. In part two, today, due to a number of requests I’m going to cover one of my favourite bets…
If you missed Part One then you can read that here – http://www.raceadvisor.co.uk/selection-of-exotic-bets-part-one/
The placepot is a bet where the first six races of a meeting are selected and we, as punters, have to find a placed horse in all six of those races to secure a return on our bet.
Lets begin by covering the staking of this bet and all the possible angles.
Say that you fancy two horses in each of the six races. You need to multiply how many runners you have in each leg to arrive at your final stake. In this example you would have two selections in each which would look like:
(Race 1 – 2 horses) x (Race 2 – 2 horses) x (Race 3 – 2 horses) x (Race 4 – 2 horses) x (Race 5 – 2 horses) x (Race 6 – 2 horses) = A Total Of 64 Bets
If you were to have a £1 per line bet, then this would equate to the bet costing £64. It doesn’t matter how many bets you have in each leg, you simply multiply the number of selections in each leg to find your stake. It’s possible to cover each leg with as little as £0.05p which would make the above bet, otherwise known as a perm (but different to the hair variety), would cost £3.20p. (64 x £0.05p)
The way the Tote settle the bet is to multiply the number of placed horses in each leg by our unit stake.
Let’s assume that we’re having a good day and the above bet saw us getting each of those 2 horses placed in each race. That would be 64 winning lines multiplied by our stake. So, at £0.05p this would be a total of £3.20 multiplied by the eventual dividend, which is provided by the Tote. If we’d bet to £1 stakes then it would be a total bet of £64 multiplied by the dividend.
Make sure you go through this a few times to so that you understand the makeup of the bet, because now we’re going to move onto how best to play it!
If you’ve got any questions then you can leave me a comment below 😉
There’s a ton of information out there about finding the selections for a placepot, but the way I play is totally different. At first glance it may look a little bit complicated but I urge you to persevere as it’s held me in good stead and I enjoy regular profits from the bet.
The first step is the selection process.
Remember, we’re not looking for the winner here but horses that are likely to place.
Not only that but, as explained in part one, we need to be looking for horses that the market won’t be latching onto to secure our value in the bet.
However we need to consider the favourite as a way of securing our journey through the entire six races required in the bet as well.
To begin look through the cards each day and find the ones that offer the most “playable” approach.
Contrary to common belief you’re not looking for the easiest card, you’re actually looking for the hardest card because this will inevitably create a bigger dividend.
Having found the card that you’re interested in you can then use the following to determine how the many selections to put in each leg:
5 or less runners (non-handicap) – 1 banker
5 or less runners (handicaps) – 2 selections
5 or more runners (non-handicap) – 2 selections
5 or more runners (handicaps) – 2 selections
8 or more runners (handicaps) – 3 selections
Personally I make my selections using a combination of form study and the excellent Racing Dossier (shameless plug there!!) and I establish my total number of selections.
Now, most people would simply put each selection into each leg, multiply the total number and stake the perm accordingly but… that’s not what we’re going to do!
I have set out an example perm below of how I approached a meeting at Ayr this week. I recommend that you always use the cloth number (instead of horse name) to save your fingers from typing too much 😉
Race 1 – 1400 – 3 & 6
Race 2 – 1430 – 2, 9 & 1
Race 3 – 1500 – 1, 9 & 2
Race 4 – 1530 – 5 & 7
Race 5 – 1600 – 2, 1 & 5
Race 6 – 1630 – 9, 1 & 2
The above would be a perm of 324.
(Race 1 – 2 horses) x (Race 2 – 3 horses) x (Race 3 – 3 horses) x (Race 4 – 2 horses) x (Race 5 – 3 horses) x (Race 6 – 3 horses) = A Total Of 324 Bets
A little on the expensive side and, although the dividend will be on the larger side, it could potentially return less than what you staked. To combat this you need to list the horses in terms of how much you fancy them. Split them simply into two categories. It’s simply the ones you really fancy and ones you moderately fancy.
So the list now looks like this:
Race 1 – 1400 – 3 & 6
Race 2 – 1430 – 2 & 9 & (1)
Race 3 – 1500 – 1 & 9 & (2)
Race 4 – 1530 – 5 & (7)
Race 5 – 1600 – 2 & (1) (5)
Race 6 – 1630 – 9 & (1) (2)
The ones in the brackets are ones that I moderately fancy but still want to be covering. If we were to now only include the ones that we really fancy then the perm would be reduced to just 8 lines. But, we’ll be missing out on a lot of value by not covering the other horses.
So far so good.If you need to re-read the last section to make sure you fully understand it then go ahead because…
Now we’re getting to the really good stuff!
Get your head around what I’m about to share and you’ll massively reduce your stakes and increase the value in your placepot bet 10 fold.
In the first race at there were two selections we strongly fancied, so these will be entered into on every placepot bet that we will be creating. That means horses 3 & 6 will be placed on every bet.
In the second race there are another two that we fancy strongly but one that we only moderately fancy. Therefore we want to cover the first two in as many bets as possible but still cover the number 1 horse. The same applies to race 3 and so on and so forth.
Okay, so how do yougo about calculating all of this?
We do it by placing multiple placepot bets.
The first race has just the two horses to be covered and both are strongly fancied, so that is just one combination because we want all strongly fancied horses to be in every bet.
The second race has another two strongly fancied horses but, a further one horse that’s moderately fancied to cover. This gives us two combinations. The strongly fancied horses which will go in every bet and the moderately fancied horse which will only go in some bets.
The third race also has two strongly fancied horses and one moderately, so we have the same two combinations. But, there were two combinations from race two and each of those needs to be used in the two combinations for race three.
In race 4 we have one strongly fancied selection and one moderately fancied selection. Because we only have one of each this is just one combination.
Race 5 sees one strongly fancied selection and two moderately fancied, so like race two and three this is another two combinations.
The last race sees the same as Race 5.
Let’s look at the following flow diagram to make it clearer.
This now means that we will be placing 16 placepots. I’ve laid this out below –
Race 1 – 1400 – 3 & 6 (one combination) 1
Race 2 – 1430 – 2 & 9 & (1) (two combinations) 2
Race 3 – 1500 – 1 & 9 & (2) (two combinations) 2
Race 4 – 1530 – 5 & (7) (one combination) 1
Race 5 – 1600 – 2 & (1) (5) (two combinations) 2
Race 6 – 1630 – 9 & (1) (2) (two combinations) 2
= 16 placepot bets
Now that we know we are going to have 16 placepot bets, we need to determine which horses will be in each bet. To do this we will use two categories. Category one will be the strongly fancied runners and category two will be the moderately fancied runners.
In race 1 we have two selections in section one and none in section two. Section one horses will be in every single placepot bet and so these will be present in every ticket .
We start by making our first placepot bet with all runners from section one in it. This covers all of our fancied runners and would cost eight units.
I’ve put the bets to cover all permutations below. Section one = 1 and Section two = 2. The x is the multiply sign:
Bet 1 – 1x1x1x1x1x1
Bet 2 – 1x2x1x1x1x1
Bet 3 – 1x1x2x1x1x1
Bet 4 – 1x1x1x2x1x1
Bet 5 – 1x1x1x1x2x1
Bet 6 – 1x1x1x1x1x2
Bet 7 – 1x2x2x1x1x1
Bet 8 – 1x2x1x2x1x1
Bet 9 – 1x2x1x1x2x1
Bet 10 -1x2x1x1x1x2
Bet 11 – 1x1x2x2x1x1
Bet 12 – 1x1x2x1x2x1
Bet 13 – 1x1x2x1x1x2
Bet 14 – 1x1x1x2x2x1
Bet 15 – 1x1x1x2x1x2
Bet 16 – 1x1x1x1x2x2
So bet one has the section one horses from every race. Bet two has the section one horses from every race except race two where it has the section two horses. And so on.
Doing this you will cover every single horse from the strongly fancied to the moderately fancied over the 16 bets.
Admittedly it is a little bit complicated. But, once you’ve mastered this way of staking you’ll be already ahead of the average punter as it reduces your stake considerably and still provides plenty of chances for any of your selections to win and so increases the value in your bet.
If you have any questions then please leave me a comment below and I will get back to you.
In the next part, part three, we’ll be looking at the trifecta and providing some more ideas on how to gain that vital edge with these valuable bets.