Last updated Jan 9, 6:02pm     Micko70 on Cheltenham    5 Comments    2157 Views

Many people go to these top class meetings and often think they can back every winner in every race, most of us go there with the intention of not backing in every race as we know it's almost impossible to go through the card, yet we still back a horse in every race
Sometimes because we have backed the first winner and have extra cash and we think our luck is in, other times because we have had losers in the first 2 races and want to get our money back
As we know, chasing your losses is a no no but sometimes we are all guilty of being "In the Moment" and thinking we will back the next winner and get our lost funds back
Many times, especially at the Cheltenham Festival and other big meetings (Royal Ascot) i have stuck to 1 of 2 Staking Plans i have, 1 of them involves backing a horse in every race, whereas the other doesn't, although if you want to you can
I devised these 2 betting systems (a few years later) after i went to a race meeting with my dad many years ago (although i slightly changed the format of both later)
When we lived in Middlesbrough (My parents were publicans and we rarely spent more than 2 years in a pub before moving to the next one), my dad wanted to take me to Redcar Racecourse for my first taste of live racing, i had previously bet on and watched TV racing for years, but had previously only been to the dogs
So anyway, we went to Redcar and i watched my dad pick his first horse, straight £10 win, it didn't win but was placed, no returns
Race 2, another £10 win, again, no winner but again, another placed horse, Race 3, yet another £10 win, and again his selection was placed
So far he has backed 2 horses to win and all 3 were beaten yet placed
Onto Race 4, and again another win bet, not sure of the stake and again his horse doesn't win, but it didn't get placed either
Race 5, another win bet, and yet again another losing selection, and this selection was placed, so we come to the final race of the meeting and again he has another win bet, and believe it or not, yet another placed selection but no winner
So in total, he has backed 6 horses to win, none have won but 5 of the 6 were placed, i took his racecard home and that's what got me thinking of different ways to try and win money
We all want to go to the races and come back making a profit, but in all honesty, you can make a profit, without actually winning a race
Now let's have a look at the 2 Staking Plans i have

Win & Place

Using Win and Place betting you have to give yourself a percentage for this bet and stick with it, when i bet Win/Place i place 25% of my stake on the win and 75% of my stake on the place
These bets have to be placed on the Tote as on course bookies will accept Win bets and EW bets but sadly not Win/Place bets
Just incase you didn't know or weren't sure, an EW bet splits your stake in half, so a total stake of £20, would be split into a £10 win bet and a £10 place bet and even if backing a short priced selection ew, you might not get your stake back if backing EW
I know what your saying, if we back EW and our selection wins, we receive far more winnings than if we back win and place, that is correct but statistics show that you are less likely to pick a winner than you are to pick a placed horse.
Let's just say you fancied a 2/1 shot and decided to back it £7.50 EW, most on course bookies give 1/5 odds for EW betting, so if your horse places you get £10.50 back, that's a loss of £4.50 on your bet
Now if you put 25% (£5) on the win (2/1) and 75% (£10) on the place, this could pay 1/2 (you cannot take odds, you get what the tote pays) and if your horse is placed you get your total stake back, no loss for this race (Douvan winning the Supreme Novices last year was returned at 2/1 and paid £1.60 for a place, slightly better than 1/2)
If your horse had won and you backed £7.50 EW your total return would have been £33, £22.50 for your win and £10.50 for your place
Backing win and place, you would have received £30, £15 for your win and £15 for your place
That's just £3 less yet if your horse had lost, you would have received £4.50 more and like i said earlier, you are less likely to keep picking winners than you are placed horses.

Multiple Lucky 15's

I can hear you saying, Lucky 15's, are you kidding me, the bookies favourite bet
Yes, they are the bookies favourite as more than half of your stake is lost when you have a loser, but please bear with me
All 4 days of the festival have 7 races in them and if you wanted to back in every race then that's fine, but again, how likely are you to back 7 winners, or even 6 or even 5?
4 winners will be very tough but not impossible and i know plenty of people who have backed 3 winners.
This is where the lucky 15's come in, so let's say you want to have a bet in all 7 races and for arguments stake you wanted to have 7 x £20 (£10 ew bets)
For an additional small outlay you could cover these with lucky 15's and f you were lucky enough you could win a few extra ££'s
When i do my Lucky 15's, i do not do them ew as its a waste of stake for, i place mine in a high street bookies and do them as win lucky 15's with place trebles and an ew accy for the same win stake (legally you are entitled to do this as it's the same as Ew trebles and an EW accy, but the stakes must be the same), unless you can find an online bookie that offers place betting then you can increase your stake (Paddypower work for me)
So, i now know what bets i want, but how will i work out how many bets to place, the amount of lucky 15's is entirely up to you and how you do them is again your choice
Here is a formula for backing 6 races -
1, 2, 3, 4
2, 3, 4, 5
3, 4, 5, 6
1, 2, 5, 6
You have selection 1 x 2
Selection 2 x 3
Selection 3 x 3
Selection 4 x 3
Selection 5 x 3
Selection 6 x 2
That's 4 lucky 15's and your are guaranteed at least 1 double should you have 2 winners
As you can see, Selections 1 & 6 are only in 2 bets, so you wouldn't put your banker in those positions, you would put it in places 2, 3, 4 or 5 so you have it 3 times
Here is a formula for backing in 8 races -
1, 2, 3, 4
2, 3, 4, 5
3, 4, 5, 6
4, 5, 6, 7
5, 6, 7, 8
1, 3, 5, 7
2, 4, 6, 8
1, 2, 7, 8
You have selection 1 x 3
Selection 2 x 4
Selection 3 x 4
Selection 4 x 5
Selection 5 x 5
Selection 6 x 4
Selection 7 x 4
Selection 8 x 3
Slots 4 and 5 are the most used here, so your best bet of the day would go in either of those
That's 8 lucky 15's and your are guaranteed at least 1 double should you have 2 winners
But as Cheltenham has 7 races per day, here is the formula i will be using this year -
1, 2, 3, 4
2, 3, 4, 5
3, 4, 5, 6
4, 5, 6, 7
1, 2, 6, 7
1, 3, 5, 7
That's 6 bets with selections 1, 2, 6 & 7 being used 3 times and selections 3,4 & 5 being used 4 times
This year i could do the following staking plan
7 x £10 wins = £70
Then all of my lucky 15's could be as follows -
25p lucky 15, 4 x 25p place trebles, 25p place accy = £5 per bet
That's an extra £30 in stakes, but could you imagine how much extra you could win should you get 3 winners priced at 4/1
it's very possible you could have all 3 in 1 bet, which would return £53.75 (without place returns)
Any double you had would pay £6.25
I have never had 4 winners at Cheltenham doing this bet, but i have had 4 winners (on 1 lucky 15) using 8 selections before and numerous 4 placed on same bet at other meetings
If you want to ask anything or need more advice then please leave a message or more importantly, send me a message
Please Note, neither of these plans are guaranteed to make you money

Comments (5)


 Jan 9th, 2016 at 18:13

Great idea I dont use lucky 15s but do love accas. Its can be frustrating when you dont land your treble but do get 3 winners at the meeting. Ill be trying this out this year. Cheers


 Jan 9th, 2016 at 21:53

Nice read Micko!


 Jan 15th, 2016 at 08:56

Interesting idea and a good way to keep your interest right through the card whilst sticking to your planned stakes. I think anyone who has gone racing and had an early winner is guilty of either upping their intended stakes or lumping on to one or two later in the card that have caught their eye. Will be interested to see how you do come the festival. Good luck.


 Feb 9th, 2016 at 03:07

which bookies let you do place only trebles on your lucky 15


 Feb 9th, 2016 at 07:45

Only bookies with place only markets, paddypower will let you do that, otherwise the place only has to be placed with the same win stake, technically making them ew trebles

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