Hi
As we are unlikely to get another bet on now before the boxing day bonanza today seemed like an ideal opportunity to explain our strategy by way of the each way extra bets. Now as highlighted in the above posts (fortunately) both of our 35-4 wagers for the site came in for a small profit but this begs the question why this type of bet. Well as you may have guessed by our mentioning the bit of fun bet on Miss Mini Bee we had personally gone in with more than our 35-4 for 9 places. In fact although the 50-1 betting without the favourites lost (by just one place) we did get the 12-1 for 8, 17-1 for 7 and 19-1 for 6 in as well. Yes we did lose the 50-1 for 5 but were still pleased with the result. The idea behind the bet is if you truly believe the bookmaker has got it wrong  you need to bet with an edge. The edge here is the fact that today’s selection would have to have finished 8th or worse for us to have sustained a loss. Now at 150-1 we would have lost out if he had won the race and possibly looked a bit embarrassed but not really as the combined odds had she even just managed third place behind behind the favourites would have totaled over 100-1.
When the new year comes around we will be using this bet as standard in one format or another and it will be linked to our new Irish NH database. 🙂