Thread by @AKBets87

EACHWAY BETTING
Often misunderstood.

I’ll probably get dogs abuse for this (you’d be wrong) but here goes.

I was asked yesterday why I bet a 3/1 shot Eachway (American Mike) and just gave a bland response that it was ‘massive value’.

Will try to explain why on this thread 🧵

Punters, erroneously, have a belief that you shouldn’t bet anything below 5/1 eachway (when terms are 1/5 odds) because if the selection Places you make a loss on your bet.

Saw Seb Sanders say similar to @MCYeeehaaa recently.

This is not the way to approach eachway betting.

You need to think of eachway bets as two separate bets. One to win, one to place. Sounds simple. Don’t be swayed by a desire to ‘at least get your money back if you place’. That’s not logically sound.

Here’s where, if you don’t get it, you’ll get a good laugh out of me …

I’d bet an odds-on shot eachway in the right circumstances.

Why? Because it’s two bets. One to win, one to place. And if I see value on both sides of the bet why wouldn’t I?

Take this as an example …

There is a football tournament.

8 teams, 2 groups of 4. Winner of each group meets in the final.

*Prices*
4/5 Italy
5/4 England
10,000 (x6) 6 Sunday League Pub teams.
*EW Terms 1/3,2*

Italy in Group A, England in Group B.

Why wouldn’t you bet Italy & England both eachway?

You’d take 1/50 Italy and 1/33 England to make the Final in this scenario.

So you should bet them both eachway also as you’re getting a much bigger price to make the Final as part of your eachway bet.

I’ve probably explained this poorly.
But hopefully you get the jist.