Betting Exchange Place Markets - Wise Up And Win
Below is a MRR and PLR article in category Recreation Sports -> subcategory Gambling Casinos.
Betting Exchange Place Markets ?" Wise Up and Win
Summary
Unlock the potential of Betting Exchange Place Markets and discover a punter’s goldmine you might be missing out on.Introduction
In our previous article, we introduced the Betting Exchange concept and explained the basics of LAY Betting. Now, let’s explore another powerful feature: the Place Markets.
What Are Betting Exchange Place Markets?
Place Markets allow you to bet on a selection to be ‘placed’?"such as a horse finishing 1st, 2nd, or 3rd in a field of eight or more runners. Unlike traditional Each Way (EW) bets, which involve two separate stakes, a single place bet on a Betting Exchange only costs a single stake. If your selection places, you win.
Consider how often you've felt certain a horse would place, but weren't confident it would win.
Traditional Each Way Betting
Imagine a horse named 'I’m Gonna Be Placed,' available at 4/1 (5.0) with traditional bookmakers. You’re confident it will finish in the top three of a 10-runner field. Your options are:
1. Bet on it to win with a single stake.
2. Place an EW bet, which is two bets in one (win and place), costing double your stake.
With a bookmaker, you profit only if the horse wins. Otherwise, even if it places, you might lose overall.
Enter the Betting Exchange Place Markets
Using Betting Exchanges, you might find odds of 1.60 to 2.00 on your horse being placed. A £10 place bet at 1.8, for instance, can yield an £8 profit if the horse finishes in the top three. You only lose your stake if it finishes outside the top three.
Combined with a thoughtful staking plan and selection process, place betting can result in long winning streaks, compensating for the shorter odds.
Important Notes on Place Markets
1. Place markets do not go "In-Running" at race time, similar to traditional E/W bets.
2. Even if the number of runners decreases below eight, exchanges still offer odds on three places, unlike bookmakers who may pay only on two.
3. You can replicate an E/W bet by placing separate bets on both the win and place markets, potentially finding better value.
Backing or Laying On the Place Markets
As we discussed earlier, LAY Betting is a key feature of exchanges. You can lay a selection to finish outside the places, and since place odds are lower than win odds, your liabilities are reduced.
Trading On the Place Markets
Place market prices tend to be lower than win market prices, making them a great starting point for learning trading. Trading involves betting on price movements to secure profit, such as backing a horse at 4.0 and laying it at 3.0.
Summary
Place Markets are an essential part of any betting strategy, offering opportunities for frequent wins and long streaks that can boost both your confidence and your bank. While traditional EW bets aren’t always poor choices, bookmakers often have the edge. In specific situations, punters can find great value, but that’s a topic for another day.
Stay tuned for part 3, where we’ll delve into the Betting Exchange In-Running markets.
You can find the original non-AI version of this article here: Betting Exchange Place Markets - Wise Up And Win.
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