The Each-Way Doubles Staking Plan
The Each Way Double Plan is fairly popular, and has been pushed to prominance by some well-known tipsters - in fact, some
tipsters use this plan as their sole means of producing a profit. The plan, and the tips are somewhat linked, as you
need to have 2 tips per day, (thus making the Double) and you back the tips with an Each-Way Double.
The philosophy behind the plan is, you don't even have to have the 2 horses win in order to produce a profit, they
only need to place. Due to the nature of the cumulative effect of the double bet, the odds don't even have to be that big
in order to show a profit. In the eventuality of both horses winning, you will reap MASSIVE rewards. For example:
| Horse |
Odds |
Finished |
Quarter Odds |
| Horse #1 |
3/1 |
2nd |
3/4 |
| Horse #2 |
2/1 |
3rd |
1/2 |
So, if we staked a £10 double on the above scenario, we would have:
| Horse |
Stake |
1/4 Odds |
Winnings |
| Horse #1 |
£10 |
3/4 |
£7.50 |
Now, when your horse wins, you get your winnings PLUS your original stake back, which means we have £17.50 to go on to the next horse:
| Horse |
Stake |
1/4 Odds |
Winnings |
| Horse #2 |
£17.50 |
1/2 |
£8.75 |
And as you know you get your stake back, so you walk away with £26.25 from a £20 bet, and the horses didn't even win!
Had both horses won, you would have won:
| Horse |
Stake |
1/4 Odds |
Winnings |
| Horse #1 |
£10 |
3/1 |
£30 |
| Horse #2 |
£30 + £10 =£40 |
2/1 |
£80 |
And as you know you get your stake back, so this time you win £120, PLUS you have also won your
Each Way bet you placed, so you also have the original £26.25 from the Each Way part of the bet, granting you winnings
of £146.25.
However, if 1 horse wins, and the other places, you would only win the Each Way portion of the double bet, and
worse, if 1 horse wins, and the other DOESN'T place, then you lose, as no SINGLES bets are placed.
Advantages
- You win, so long as both horses place, they don't need to win.
- The odds don't need to be big, (like most Each Way bets are).
- When both horses do win, you win BIG.
- A good run of wins will see your bank rise dramatically.
- You only need a few winners a month, (so long as they are on the same day).
- If more then 2 horses are tipped, then a number of double bets are placed, (hedging your bets even more) giving you an even
greater chance of winning. If 2 horses win, and the third places, you will have 1 winning double, and 3 placed double bets!
- As this is an independant plan, all bets can be placed on the morning, no monitoring is required.
Disadvantages
- If one of your horses wins, and the other doesn't place, you win NOTHING.
- If you have a winner at great odds, and the other doesn't place, you win nothing.
- If only 1 horse is tipped, the plan doesn't capitalise on its strengths, a single EW bet is placed.
- You could have many winners throughout the month, but if they are not on the same day, you could win nothing.
Summary
- Number of losing bets to halve the initial Betting Bank : 14
- Number of losing bets to break the initial Betting Bank : 38
- Each Way Doubles is a MEDIUM Staking Plan