
What Is A Racing Post Favourites Bet?A Racing Post Favourites spread bet is a prediction on the performance of the favourites, as forecast in the Racing Post newspaper, in each race at a meeting. The favourite is the first named horse in the forecast. E.g. Heaven Knows was the Racing Post Favourite in the following race:
Points are awarded as follows: 25 points for winning; 10 points for finishing second and 5 points for finishing third. Racing Post Favourite's finishing lower than third receive 0 points. If you feel the forecast favourites will do well at a particular meeting, you would bet high (Buy) on the Racing Post Favourites market, where as if you think they will do badly, you would bet low (Sell). Example Of How It WorksTo illustrate this bet we'll take a look at the racecard at the York Ebor meeting:
There were 7 races on the card, ranging from 7 to 20 runners. Before the start of racing Sporting Index priced the Favourites market up with a spread of 67 - 71.
If you felt Sporting Index had priced the spread too high for the meeting you would Sell the market at the lower figure of 67 quoted in their spread. If you felt their spread was too low, you would Buy at the higher figure of 71. Your stake will depend upon your personal circumstances and how much you like to risk. The important thing to remember is the amount you stake is not the amount you stand to win or lose on the race. The stake entered is the amount per point. E.g. If you were to Buy £5 at 71 and the total finished at 80 you would win £45, £5 x 9 (80 - 71). However if the total finished at 65 you would lose £30, £5 x 6 (71 - 65). The Favourites market remains active throughout the race meeting. Sporting Index update the spread after each of the races, adjusting it up or down depending upon how well the favourites fair in the earlier races. This is a great aspect of spread betting in that it enables you to take a profit, if the spread moves in your favour, or cut your loses, if the spread moves against you. Race One
Race Two
If you'd initially sold on the market at 67 you could now lock in a profit by buying on the revised spread at 56. A stake of £5 a point would have given a profit of £55, £5 x 11 (67 - 56). However if you'd brought on the original spread at 71, you'd now have to sell at 53 to cancel the bet, which with a stake of £5, would have incurred a loss of £90, £5 x 18 (71 - 53). Of course you don't have to close your bet out and with 5 races still to run there's plenty of time for the Racing Post favourites to perform better. Race Three
Race Four
Race Five
Race Six
Race Seven
The total of 110 finished much higher than the initial quote of 67 - 71 from Sporting Index. If you'd bet high you would have been a bit worried early on, but 4 winning Racing Post favourites in a row, turned things on their head and a £5 stake would have ended up with a £195 profit, £5 x 39 (110 - 71). If you'd bet low, you'd have had chance to take a profit after the first two races, but from then on you were on to a loser. A £5 stake would have ended up with a loss of £215, £5 x 43 (110 - 67). The above example shows how fortunes can change very quickly with spread betting, for better or worse. It emphasises you need to understand the risks before getting involved and shows the benefits of managing your bet to take a profit or cut your losses as you go. |
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| Sports spread betting is high risk. You can lose more than your original stake. Only bet if you understand the risks and can afford to lose. |
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