If you're not familiar with the thinking behind multi-bet punting then here's a quick introduction. Many professional punters price their own markets and identify the horses in a race whose current odds with bookmakers are over the prices that they arrived at. These runners are referred to as being 'overs'. Usually there are more than one of these opportunities in any given race and so professional punter wants to capture that value with a single betting plan.
The idea of betting on more than one horse in a race isn't a new thing to most punters. Many times we like more than one runner in a race and back both. But what is the optimal amount to place on each horse given that only one of the win bets will pay?
Professional punters will make this staking decision with a multi-bet calculator. The punter sets a profit target for each race and the calculator determines how much they will stake on each runner to achieve their goal. You can read more about the multi-bet calculator in one of our past articles here including real worked examples.
Melbourne form expert Deane Lester gives punters exclusive access to his staking plan every Saturday as part of the tipping packages that he makes available to punters online. In addition to speed maps, selections and comments for runners in each race on Saturday's Melbourne race program, he provides specific staking information for his selections in each race.
Last Saturday, Lester's tip package contained multiple preferred selections in each race on the program as it always does. Many punters only use this information and stake their own bets using one of his top selections in each race. His staking plan which accompanies the tip package however tells a different story.
Lester did not stake in two of the nine races at Caulfield last Saturday and posted multiple selections with varying stakes in six of the races on the card. Lester's staking plan highlighted that narrowing the field down to a few top picks is just part of the battle, with staking being the other key part of the equation.
A multi-bet approach usually provides lower returns from each race day but it also provides punters with a much better risk management approach compared to betting on one runner in each race. Punter's looking to yield more from a punting day would usually increase the bet amount per unit in the staking plan that they are following.
Punters who were following Deane Lester's staking plan last Saturday yielded 8% of their outlay using starting prices. But punter's who took Deane's package on Saturday morning enjoyed up to 15% yield by following the plan early and getting odds that weren't impacted by the knowledge when it is posted on race day morning. Here's a run down of how that played out. Remember the results shown below uses starting prices.
If you're doing your own form analysis and identifying your own multiple selections in each race, you can now place multiple bets or tips in a single race here at theGreatTipOff.com. The site provides a detailed statistics leader board to enable you to track your multi-betting performance as you go. Better still, other punters can track your performance too and follow your bets using Hot Bet. Each time someone follows your bet using Hot Bet, the price you received is boosted. The more punters that follow your bet the more your price is boosted and there's no limit on how high it can go.
It's simple to place multiple bets or tips in a race. If betting, just click the price on the race field screen corresponding to each of your selections, as you do when you bet online, and send them to your bet slip. Enter the stake and confirm. If you bet you don't have to enter your selections again as tips, the system takes the stake amounts and selections from your confirmed bets and writes the information to your historical performance statistics which you can view on the tipster leader board page at any time.
Multiple tips in a race are entered in a similar way but you simply click the TIP button next to the selection you're taking.
Let us know if you've got any questions about Hot Bet, mutli-betting at theGreatTipOff.com, Deane Lester's tip package and staking plan or anything else about the site by clicking the feedback icon in the bottom right hand corner of the screen and following the prompts.