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There are certain places that just seem to bring about conversations about betting and my local pub is certainly one of them. Just this past week-end, my drinking friends and I got into an interesting conversation with a seemingly fellow gambling fanatic whilst enjoying the odd pint or three.
This apparently knowledgeable individual was informing all of us that he had acquired "a winning technique". Now I am sure we have all met someone similar in our own local but this individual seemed very plausible in his remonstrations so both my friends and I listened carefully to see if we could glean any worthwhile information. A wise old man once told me... "...even a fool has something to say"!
So what did this person reveal? Well essentially his particular approach was somewhat basic and consisted of him selecting 2 horses that were available at 5/1 or higher, nothing exciting there. He would then back them both as a couple of each way singles and each way doubles, again, nothing new there.
So what was the big secret, well nothing really and since the guy doesn't maintain any data records he couldn't let me know how many points he had won or lost however he explained that he picked up a lot of profits "very frequently"... ever heard that somewhere before? Now, to be honest and give fair due, I have obviously heard of the merits of and indeed used the old each way double many times in the past, but I truly believe that in today's markets it has lost some of the impact it used to have in the good old days.
By using a £1 level stakes this wager would cost him £6 a time in total which I consider is fine for some fun bets however, you would need to have a very high success rate to come out with any real profit and I am sure the losing days are quickly forgotten when explaining to others how successful he was. As you should be aware, any kind of multiple bet is very difficult to pull off and therefore extremely popular with the bookies, both on-line and in the high street. If you doubt this at all, just take a stroll downtown or open up your browser to the on-line brigade and you will see just how much the main betting companies market their particular specialist multiple bets.
There are, of course, many multiple bets available from Trixie's at one end to the Heinz at the other. These multiples have always been well-liked bets with punters and for quite some time. And why is this, well, simple, it's the "greed factor" associated with the potential of acquiring a huge win for the comparatively small stake. This is what always draws in the punters. Even today, both the National and Euro Lotteries work on exactly the same principle.
Going back to my early punting days, a lot of my betting experience consisted of my ill-fated attempts at selecting the winners for the famous ITV6 (I must be showing my age because you must be old to recollect that). I would spend many a Saturday afternoon glued in front of the Television screen watching my horses lose one after the other, never coming close. Nonetheless it was entertaining stuff and I loved it and that's exactly what fun betting is all about. You never risk a great deal of your hard earned money but there's always the opportunity that, maybe one day, you could potentially win a respectable amount and jet off to the Bahamas for that early retirement.
So, getting back to the real world for a moment, the majority of serious punters will avoid any sort of multiple bet for one reason alone, and that is that it's normally difficult enough to find one winner, never mind two or even more.
I'd also have to question the value associated with backing each way these days, because at 1/5th odds the return unless both horses get a place it is rarely likely that you will cover the outlay. As a viable alternative to backing each way it would be much more lucrative to pick 2 more horses and place win bets on them.
I have another issue with multiple betting in the fact that you could wind up having a lot more money on a horse than you're actually comfortable with. So you backed a double and let's say your first horse wins at 10/1 that means you've got £11 going on your second horse. Now I appreciate that this is obviously the concept of multiple bets; however, if you had backed the first horse as a single, are you happy to place all of your stake and your winnings on your second selection? I would suspect not for fun anyways.
So, in conclusion, multiple bets for fun gambling can and do work and can be quite a cheap and thrilling afternoon or evenings sport. However, in case your objective would be to produce a regular income out of your horse racing activities it isn't the ideal way to proceed. The vast majority of profitable punters will take the time and effort searching for one prospective winner and then putting a bet about it to win. Providing their selection technique is reliable this ought to show a much better return as compared to attempting to win a multiple bet.
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