Betting on horse racing – Working out place odds from win odds
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I’ve had quite a few people asking about win and place betting on horse racing. This isn’t to do with betting tips, more to do with the relationship between the two markets and how to price them. You may find this relevant when Betfair trading.
In this video I explain how to convert win odds to place odds and the baggage that can come with it as well.
When betting it’s helpful to know how to do this as it could bring highlight value in either the outright win market or the place market when betting.
If you trade on Betfair or Betdaq you can do this automatically using Bet Angel and it’s spreadsheet capabilities.
There are some win and place betting systems available, but ultimately the two markets are deeply linked.