Horse Racing Software, Bet Selector

Place Betting Systems for Backing Favourites

Place Betting System

How to Place Bet on Favorites for a Living

The best way to profit from place betting is to compound the returns from a betting system with a very high strike rate (around 90%). This place betting system is perfect for this and can be easily applied with just a basic form guide (no computer required).

Discover the secrets to turning $15 very safely into $157.28 by putting 5 highly secure place bets on favourites. Guaranteed Horse Betting Profits - even if you've never placed a bet before in your life!

"I made $6,854 from $17 - and now everyone (including my boss) is begging me to reveal my secret! Please hide your website" - Comrie Graham, Sydney.

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Note: The comments referred to above have been sourced from the vendors web site (which can be referred to via the above link for more information). The above place betting eBook is also a great introduction to betting and explains how to read form guides, the different bet types and the psychology of betting.

Place betting systems by definition only collect when a runner finishes first, second or third in fields of 8 or more runners (or 7 in the event of a late scratching). In fields of 5, 6 or 7 (or 4 in the event of a late scratching) place dividends are only paid for first and second while with 4 or less starters no place dividends are paid. This applies in most parts of the world but in North America a bet that pays up to third place is called a "show" bet while a "place" bet only pays for first and second.

Our Ultimate Place Betting System

Back in the early 90s we devised a place betting system that used last minute win betting prices to predict first, second and third place probabilities and in turn the total predicted place chances - it then used these to target place bets predicted to have at least an 80% chance and at least 10% over the odds. Quite often this betting system identified horses predicted to be as short as $1.05 yet paying $1.20 or more - a massive overlay in percentage terms.

This method was successful because punters shy away from short priced dividends and not surprisingly it was independently reviewed by Punter's Choice as "matching claimed strike rates with consistent profits emerging" .The method of calculating place probabilities was part of our Place Odds Calculator software first released for $1,995 in 1995. It was reviewed by Punter's Choice as "an exciting product" and "capable of making accurate assessments of reasonably precise and profitable place odds".

The Ultimate Place Betting System had just two rules as follows:

  1. After using pre-race win approximates, consider only those place bets with a true place dividend of $1.25 or less.
  2.  Consider only those place bets that are also at least 10 percent over the odds.

If you don't want to monitor prices all day long then you could just use the first rule to pick runners with a higher strike rate that are more likely to always be over the odds. This can be achieved by reducing the true place div threshold to say $1.10 - equivalent to a predicted strike rate of around 90 percent or better (using $1.25 targeted 80% or better).

While the  Place Odds Calculator software is no longer available, the same calculations are now incorporated in the Race Day Live part of our Bet Selector software (via the Set by Number or Percentage button) - you can get a free trial via the instructions below (includes a free copy of our Place Odds and Trifecta Report  that describes the mathematics in more detail).