Cover bet 3 places explained
- 13.07.2021
- Fezil
- Donmeh crypto jews
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However, this is not an offer or promotion, but a market in its own right. To the best of our knowledge, it applies solely to horse racing and certainly originated with that sport, however in theory it could be applied to other events where there are clear second, third and fourth places.
For the sake of simplicity we will stick with horse racing when explaining this market though. A cover bet, or insurance bet, is self-descriptive and gives you a little bit of extra cover, or insurance if you prefer. A cover bet with two places, for example, means that if your horse comes second, you get your money back. The cost for this insurance is lower odds.
So if you back a horse to win in the standard race winner market, the price will be bigger than if you bet on the same horse in the insurance markets. Unsurprisingly, the more places you choose to insure, the lower the odds drop on your pick winning the contest. The table below gives you an indication of what odds you can expect to get. Note that in smaller fields, you may only be given the chance to insure with two places, whilst in larger ones you may be given the option to include four.
This means that if you bet on the Bears, any result other than a loss by eight or more points, would cash your ticket. The difference between sharp and square bettors is that they know the only thing that matters in regards to a game is how much a team wins by and loses by. Square bettors tend to think that the better team will cover the spread easily. Sure, they may win the game outright, but teams never concern themselves with how much they win by.
The sooner you can understand that concept, the sooner you will be prepared to efficiently bet on the point spread. The successful handicappers pride themselves on their ability to continuously get better at calculating how much a team should win or lose by.
Both the fact that a famous man once said it it was us and the quote itself, there are around 10, stars visible in the sky, though not far off million that have been identified and we know there are around 1, times that in the Milky Way alone.
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