The Level Stakes Each Way Plan – IAL

As you would imagine, this plan is exactly the same as the 'Level Stakes' plan, but instead of staking the same 'level' stake on each horse to 'WIN', the bet is place 'Each-Way'. This means that for a £5 bet, £2.50 would be placed on the horse to win, and the remaining £2.50 would be placed on the horse to place.

Therefore, if your horse places, you will receive 1/4 of the odds times your 'EW' stake. (You will lose the 'Win' part of the bet).

This plan is not really meant to be one to be used, but this is more of a demonstration as to the futility of backing each-way. Many people fall into the trap of backing each-way, as you 'get your money back' even if you don't win. This is futile, as when the horse does win you will just over half what you would have done, had you backed it to win:

Selection Stake Finished Win Winnings Place Winnings Balance
£100.00
Horse #1 £5, (£2.50 EW) 6th -£2.50 -£2.50 £95.00
Horse #2 £5 WON @ 2/1 £5.00 £1.25 £101.25
Horse #3 £5 2nd @ 5/2 -£2.50 £1.56 £100.31
Horse #4 £5 3rd @ 7/4 -£2.50 £1.09 £98.91

So, when Horse #2 won,instead of winning £10 which we would have done had we put the full £5 on the horse to win, we have won £6.25. And horses 2 and 3 placed, which means that we won the 'place' part of the bet, but we actually won less than the cost of the 'win' part, so we still lose money. In fact, we will only ever win money for a placed horse, if the odds are greater than 4/1.

Advantages

  • There is some satisfaction in getting some money back when your horse doesn't win.
  • You could actually win money betting on horses that placed, (so long as the odds were greater than 4/1). See 'EW Doubles' plan, which is a very popular plan used by some very big names. And see our summary to see how 'successful' it really is!
Disadvantages
  • You will win less money on winning horses, than had you placed the full amount on the horse to win.
  • If the odds for the horse are less than 4/1, you will still lose money on bets that place.
  • You will kick yourself every time a horse wins, especially if the odds are good and wish that you had backed it to win.
  • The amount of money 'won' when your horse places does not compensate you for the money you don't win when your horse wins.
Summary
  • Number of losing bets to halve the initial Betting Bank : 10
  • Number of losing bets to break the initial Betting Bank : 20
  • This is a MEDIUM RISK Staking Plan