Punt to Win |
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13/6/2003 edition Horse Racing Gambling Strategies All-up bets on favourites Whenever there are short priced horses that media tipsters think should win they advise an all-up mugs' bet to create value. Sure enough punters were advised to go all-up in the two jumps races at Flemington - St. Steven into Specular. Trouble was short priced favourite St. Steven finished six lengths second. Specular won, starting at $1.65. Tote punters copped as little as $1.40 It's just as stupid advice as telling you to create value going all up black into red when playing roulette. Sure, if you are successful you will have turned a $5 bet into $20 and made a profit of $15. Instead of an even money winner you have got 3/1. But because you are still getting under the odds about each bet, you are on a guaranteed way of losing money long term, notwithstanding the occasional success when $5 becomes $20. This edition of Punt to Win: Back Tote Longshots?
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