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Wysiwyg

Risk Free bet on win - best strategy?

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I've read the guide on the ITV or 4/1 horse racing offers (where if your bet wins, you get a risk-free bet on the next race) and notice it advises to place a back and lay bet with a minimum qualifying loss, and if you win then place the next bet as an SNR back and lay.  Obviously your bet won't win every time, so the QLs will come out of the profit from the SNR over the long term.

My question, is whether it's better to overlay, so that you make a little bit of profit if the horse loses, and the SNR will cover the loss if it wins?  I'm thinking the variance will be lower (more chance of losing a race each time) but is it sacrificing profit in the long run?

Wysi

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7 hours ago, Wysiwyg said:

I've read the guide on the ITV or 4/1 horse racing offers (where if your bet wins, you get a risk-free bet on the next race) and notice it advises to place a back and lay bet with a minimum qualifying loss, and if you win then place the next bet as an SNR back and lay.  Obviously your bet won't win every time, so the QLs will come out of the profit from the SNR over the long term.

My question, is whether it's better to overlay, so that you make a little bit of profit if the horse loses, and the SNR will cover the loss if it wins?  I'm thinking the variance will be lower (more chance of losing a race each time) but is it sacrificing profit in the long run?

Wysi

You can do that strategy, but it means when the horse does win, you'll only receive a few quid profit as opposed to the maximum free bet. In my opinion, its FAR better to take close matches and enjoy the full amount when it comes in 🙂

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