Horse racing
place betting percentages
For those of you considering
a career in place betting, here are the sort of numbers you
would have to return to stay ahead of the game.
Dividends
/ 100 bets |
Average
Dividend |
Units
profit / 100 bets |
50 |
2.30 |
15 |
55 |
2.10 |
16.5 |
60 |
1.90 |
14 |
65 |
1.80 |
17 |
70 |
1.60 |
12 |
75 |
1.50 |
12.5 |
80 |
1.40 |
12 |
90 |
1.30 |
17 |
In other words, if the average
place dividend of your selections is $1.50, you have to have
a success rate of 75% on your bets to return a 12.5% profit
on turnover in the long term.
So the burning question is, can
you maintain a 75% strike rate?