In the days before the abolition of
off-course betting tax in the early years of the twenty-first
century, a multiple bet, typically in the form of a double, on two
short-priced selections, was a legitimate way for horse racing
punters to avoid paying tax on the second selection. Of course,
betting tax is long gone, but multiple bets, in the form of doubles,
trebles and accumulators, remain a carrot that bookmakers dangle in
front of small-stakes betting shop and armchair punters.
The prospect of a large, possibly
colossal, return for a small initial outlay is undeniably attractive.
Nevertheless, punters should remind themselves that they are betting
at multiple odds, in the first place, and be prepared for losing runs
consummate with the odds attempted. Winners will often go astray and
control over the ebb and flow of any betting bank will be diminished,
at least to some extent. Those following horse racing at YesBets and the like, can also take advantage of free bet offers, of 'best odds' recommendations to tip the balance and the odds further in their favour
Of course, a multiple bet must be
placed with a single bookmaker, so punters are limited to the prices
offered by that bookmaker, rather than having the pick of the market
prices, as would be the case with a single bet. Many bookmakers now
offer ‘best odds guaranteed’ on most, if not all, horse races in
Britain and Ireland, which means that pricing is less of an issue
than it once was. Even so, a difference of half a point, or even a
quarter of a point, in the price of any selection(s) can make a huge
difference to the total return once multiplied throughout a bet.
From the bookmakers’ point-of-view,
multiple bets are an excellent money-spinner. Double, treble or even
five times the odds for a single winner in popular multiple bets,
such as the ‘Lucky 15’, ‘Lucky 31’ and ‘Lucky 63’, has
become the norm, as have bonuses of up to 25% on all-correct versions
of those and similar bets. By contrast, single win bets are the
bookmakers’ biggest loser, which is why you rarely, if ever, hear
anything about them in advertisements and press releases.
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