Stephanie Sorrell

There comes a point in every beginner’s <a href="https://outplayed.com/what-is-matched-betting">Matched Betting</a> career when they reach the end of the available sign up offers and think, ‘what now?’ They’ve made a good amount of profit so far, and they want to keep going - but it seems like it’ll be next to impossible to continue to make decent profits without the easy, generous sign up offers they’ve got used to.

Fortunately, it’s not only possible but relatively easy to continue to make sizeable, regular (and <a href="https://outplayed.com/blog/is-matched-betting-tax-free">tax-free</a>!) profits through Matched Betting even after you’ve completed all the sign up offers.

In this article, we’ll talk you through everything you need to know about moving on to ‘reload’ offers - the offers bookies make to existing customers - and before you know it you’ll be making hundreds a month in profit with ease.

Matched Betting works by taking advantage of the offers and bonuses offered by bookmakers, designed to lure in new customers. By betting both for and against the outcome of an event, you’re able to turn a free bet into guaranteed profit.

Most offers run along the lines of ‘Bet £10 and get a £10 free bet’. By matching the first bet, you break even - and you’re then able to make a profit on the free bet.

If you’re not already familiar with the principles of Matched Betting and you want to know more, check out our <a href="https://outplayed.com/what-is-matched-betting">complete guide for beginners</a>, or <a href="https://outplayed.com/user/register#1">sign up for our free trial</a> to get started.

If, on the other hand, you already understand the basics, keep reading to find out all about reload offers and how to take advantage of them.

Reload offers are what we call the offers bookies make to existing customers. They aren’t usually as profitable as the initial sign up offers - but on the other hand, they also aren’t only available once. Most bookies have at least a couple of offers running each week, depending on the events going on at the time.

Reload offers come in all sorts of forms, from the very basic kinds you’ll already be familiar with (e.g. bet £5 and get a £5 free bet), to much more complex reloads that will take more effort to get your head around. But it’s usually possible to extract a guaranteed profit from the majority of offers you encounter - and as you become more accustomed to each type of offer, you’ll find you become much quicker at completing them.

There are a few different varieties of common reload offers, some more straightforward than others, but it’s worth your while taking the time to learn how to complete each of them, as it’ll significantly boost your profits in the long run.

You’ll be familiar with this kind of offer from your sign ups - simply bet a certain amount to get a free bet. These may be restricted to certain sports or events, but they’re an easy way to make a quick profit.

Reload bet &amp; get offers are often for smaller amounts than sign ups - e.g. bet £5 to get a £5 free bet - but they don’t take long to complete, so you can do plenty of them and come out with a solid profit.

<a href="https://outplayed.com/blog/what-is-a-bet-builder">Bet builder offers</a> are often just a slightly more complicated version of a bet &amp; get. You’ve probably come across them while going through sign up offers, so hopefully you won’t be too intimidated by them.

A bet builder involves betting on multiple selections within the same event, so for example that Team A wins their match, that both teams will score, and that there will be over 2.5 goals in the match. Creating a lay market for a bet builder can be tricky, but it can be done! Our<a href="https://outplayed.com/calculators/bet-builder-helper"> bet builder helper</a> is a handy tool that lets you know which selections match up to certain lay markets, making it pretty straightforward to take advantage of bet builder offers when you come across them.

It’s rare to get a very close match between your back and lay odds for bet builders, but they’re usually still profitable and therefore well worth doing. Your free bet may have to be a bet builder, but it might also be another type of free bet, depending on the offer in question.

<a href="https://outplayed.com/blog/what-is-an-accumulator-bet" target="_blank" title="">Accas</a>

New matched bettors are often quite intimidated by acca offers as well - which is more than understandable, as they’re another type of offer that’s tricky to lay.

It’s possible to use Smarkets to create a custom acca lay bets, though, meaning that for a straightforward acca bet &amp; get it isn’t too tricky to make a profit - simply use the Oddsmatcher to find several close matches and create your betslip from those selections.

You’ll also see ‘acca insurance’ offers on a lot of bookies, which give you a free bet or refund if just one leg of an acca lets you down. The <a href="https://outplayed.com/products/acca-catcher">acca catcher</a>, available to all Outplayed Platinum, Diamond and Pro members, tracks down suitable combinations to let you take advantage of these offers and lock in guaranteed profit.

Refund IF offers allow you to claim a refund, usually in the form of a free bet but occasionally in cash, if your bet is unsuccessful (or sometimes as a bonus if your bet wins).

By using the <a href="https://outplayed.com/calculators/bonus-lockin-calculator">bonus lock-in calculator</a>, we can lock-in a profit from these offers - and once you’re comfortable with them, you’ll find they’re one of the easiest reload offers to complete.

<a href="https://outplayed.com/blog/horse-racing-refunds" target="_blank" title="">Racing Refund</a>

This works similarly to the refund IF offers, except you receive a refund, either as a free bet or cash, if your horse doesn’t win but comes in a specified place, e.g. second or third.

By laying both the win and the place markets, you can lock in a guaranteed profit no matter what happens, so long as the odds are close enough. Our <a href="https://outplayed.com/calculators/racing-refund-calculator">racing refund calculator</a> works out your lay stakes for each to ensure that you end up with a profit whatever the outcome.

<a href="https://outplayed.com/price-boosts">Price boosts</a> are one of the very easiest ways to make money from reloads. Bookies regularly offer enhanced odds to encourage bettors to place their money on particular markets, and often this makes those odds high enough to make an instant profit simply by laying the bet.

You can track down price boosts manually, or check the Outplayed forum, but our <a href="https://outplayed.com/products/price-boost-pro">Price Boost Tracker</a>, available with an Outplayed Pro membership, will locate profitable boosts on your behalf.

You’ll also come across offers to make a bet and get free spins as a reward.

These won’t usually guarantee you a profit (as you’ll make a small qualifying loss on your qualifying bet, and you can’t be certain of winning anything from your free spins), but on average you can expect to profit from them, depending on the average <a href="https://outplayed.com/blog/what-does-rtp-mean-in-gambling">RTP</a> of the slots game in question. The reloads section of the Outplayed site will let you know whether a free spins offer is likely to be worth doing or not.

Once you’ve got to grips with all of the above kinds of reload offer, there are even more possibilities to explore. The following kinds of offer don’t allow you to lock in a guaranteed profit with each bet, but they do give you the opportunity to make significant regular profits in the long run. If you’re still quite new to Matched Betting, though, we’d recommend sticking to the kinds of offer listed above for now.

There’s normally a standard number of paid places in horse racing, which depends on the number of runners. However, bookies will often increase the number of places available on certain races - and this gives us an opportunity to make a profit.

If we place an <a href="https://outplayed.com/blog/how-does-an-each-way-bet-work">each way bet</a> (i.e. a bet on a horse both to win and to place in the race) and lay both the win and the original number of places, we can potentially win both our back and lay bets if the horse lands in the extra place. Of course, in any particular race the chances of this happening aren’t high, but if we place a fairly large number of bets in this way, with only a small qualifying loss if we’re unsuccessful, we’re very likely to end up in profit overall.

To find out more, check out our complete guide to <a href="https://outplayed.com/blog/extra-place-offers">Extra Place offers</a>, which talks you through everything you need to know to start profiting from extra places.

<a href="https://outplayed.com/blog/want-more-profits-from-matched-betting-2ups-are-key">2UP offers</a> work on a similar principle to Extra Places, and rely on the fact that a lot of bookies have a ‘2UP and win’ offer, where your bet will be paid out before the end of the match if your team are ahead by 2 goals at any time.

This means that we have a chance to win both our back and lay bets if our team goes ahead by two goals and their opponents manage to catch up, with a full time result of either a draw or a win for the other team. Again, for any match this is a pretty unlikely outcome - but your qualifying loss is small enough, and the potential profit large enough, that in the long run you should end up making significant profits by taking advantage of these offers.

While you can make good long term profits from sports Matched Betting alone, a lot of people find that branching out into casino offers really takes their profits to the next level.

It’s important to make clear that casino offers aren’t usually risk free, so you need to be aware that you’ll be very likely to see upswings and downswings, and you’ll need to have a large enough bankroll to weather any downswings comfortably.

That said, in the long run casino offers can unlock enormous value, and we definitely recommend trying your hand at them. Most casino offers will require you to wager a certain amount in order to receive free spins - and on average, the profit you make from your free spins should outweigh any losses from your initial wagering for any offers we recommend completing (full guides are accessible for all Outplayed Diamond and Pro members).

If you’re keen to find out more about casino offers, take a look at our <a href="https://outplayed.com/blog/ultimate-guide-to-casinos">ultimate guide to casinos</a>, which tells you everything you need to know about casino offers and how to get the most out of them.

As you gain more experience, you can also consider expanding your activity into <a href="https://outplayed.com/blog/what-is-value-betting">value betting</a>. Again, this isn’t risk-free, so we wouldn’t recommend it to newer matched bettors, but these strategies offer the potential to make very significant profits in the long run.

<a href="https://outplayed.com/blog/what-is-a-lucky-15-bet">Lucky 15 bets</a> are a combination of several bets in one across four different horses, and the right selections can offer excellent profits. Our <a href="https://outplayed.com/blog/lucky-finder">Lucky Finder</a> (available to Outplayed Pro members) is a tool that tracks down combinations of horses for Lucky 15 bets where the chances of at least some of your horses winning or placing are higher than the odds would imply. This means that you’re statistically very likely to end up making a profit over the long run when using this tool.

<a href="https://outplayed.com/blog/profit-using-outplayed-steam-chaser-tool" target="_blank" title="">Steam Chaser</a>

This tool takes advantage of the fact that odds sometimes change suddenly and simultaneously at multiple bookmakers. This sudden change is known as steam. There can be numerous reasons for the change, including team news, player injury, weather, insider knowledge, or sharp bettors having differing opinions to the bookmakers on their odds.

Following these sudden changes of odds is called “steam chasing”. As long as there’s a sound reason for the change of odds, one way to capitalise on it is to place a bet with a bookmaker that is slower to respond and hasn’t yet cut their odds. Outplayed’s <a href="https://outplayed.com/products/steam-chaser">steam chaser tool</a> identifies suitable bets for you, allowing you to consistently place bets at odds that offer positive value, giving you the chance to make consistent long term profits.

How Much Can You Make After Finishing Sign Ups?

We’ve established pretty firmly that there’s no shortage of ways to continue your Matched Betting journey after you’ve finished the sign up offers, but <a href="https://outplayed.com/news/matched-betting/how-much-can-you-make-from-matched-betting">how much can you really make</a>? Well, that does depend on how much time and effort you put in, and whether you stick with risk-free sports Matched Betting or branch out into casino and advanced value betting. As a rough guide, though, these are the typical figures for our members:

Tips And Tricks For Successful Matched Betting With Reloads

Matched Betting After Sign Up Offers: Transitioning To Reloads

Simon Thatcher

The most common football <a href="https://outplayed.com/blog/types-of-bets">bet type</a> is the Match Result market (also called the Full-Time Result or 1x2 market).

Although punters will sometimes bet on the game ending as a tie, especially if the teams are closely matched, there's arguably more appeal to backing a team to win the game.

For many people, cheering on a team to win is probably more exciting than hoping for a draw.

Delving into historical statistics confirms that betting on a team to win will more often than not be the right choice - around 70-80% of Premier League games end with a winner, for example. However, this leaves the remaining <a href="https://www.statista.com/statistics/1498537/premier-league-draws/">20-30% ending in a tie</a>, and it's these games that can be the downfall of your bet when you're backing a team to win.

This is where Draw No Bet comes in. With this bet type, you're still backing a team to win, but your risk is much lower because your stake is refunded if it's a draw.

This article looks into the workings of Draw No Bet, reasons for choosing it, pros and cons, alternative bets, and how to create your own Draw No Bet using a combination of bets placed on the match odds market.

Draw No Bet (DNB) is a two-way market that removes the draw option, allowing you to bet on either team to win. If the game ends as a draw, your stake is returned for no loss.

Most commonly seen in football betting, due to the relatively high likelihood of a draw, Draw No Bet allows you to bet on a team to win a game, without the risk of losing your stake if the game ends in a draw.

This stake refund if it's a tie acts as a 'safety net', with the trade-off being lower odds compared to the 3-way Match Result market.

There are three possible oucomes in Draw No Bet betting:

The table below compares bets on the 3-way Match Result market to the 2-way Draw No Bet market:

More often than not when betting on team sports, there's a favourite and an underdog.

Bookmakers set their match odds accordingly, giving higher odds to the underdogs, who they've assessed to be less likely to win. The greater potential returns on these higher odds bets makes betting on outsiders appealing.

The downside is that you're more likely to lose your bet due to your team losing or drawing.&nbsp;

Whether or not you're backing an underdog, Draw No Bet reduces the risk of bets placed on a team to win, by removing the possibility of losing your stake if the game ends as a tie.

There are several other ways to reduce your risk whilst betting on a team to win, which can be particularly useful if they're an underdog.

Popular choices are handicap markets (whether that's <a href="https://outplayed.com/blog/what-is-asian-handicap">Asian Handicap</a> or <a href="https://outplayed.com/blog/what-is-european-handicap">European Handicap</a>) and the Double Chance market, where you can bet on a team to either win or draw.

First, let's look at the Full Time Result odds on Bet365 for a game between Poland and Scotland. These are Bet365's regular odds, which are eligible for their Early Payout (2UP) offer.

If you're a Matched Bettor, you can find out how to make long-term value with 2UP offers by using Outplayed's <a href="https://outplayed.com/blog/want-more-profits-from-matched-betting-2ups-are-key">2UP Guide</a>. The advanced <a href="https://outplayed.com/blog/2up-master">2UP Master</a> is a great way to maximise your success with 2UPs.

If you're happy to forego the Early Payout Offer, you can find better odds in Bet365's Full Time Result - Enhanced Prices market.

Bear in mind that if you're betting on the draw on Bet365, there's no point choosing the regular Full Time Market on Bet365.

You can't benefit from the Early Payout Offer when betting on the draw, so you should always opt for the Enhanced Prices market, assuming the odds are higher.

Bet365's Draw No Bet odds can be seen below. As you can see, these odds are much lower than the Full Time Result odds for the same team.

This is due to the lower-risk nature of Draw No Bet, since you won't lose your stake if it's a draw.

If you're looking for the best odds available, you'll normally find them at a <a href="https://outplayed.com/blog/what-is-a-betting-exchange">betting exchange</a> like Matchbook.

Draw No Bet and Asian Handicap 0.0 Markets

<a href="https://outplayed.com/blog/what-is-asian-handicap">Asian Handicap</a> markets have several bets that are identical to bets in other markets, even though they sound completely different.

Draw No Bet is no exception. In this case, Asian Handicap 0.0 is the same as Draw No Bet. You can use this knowledge to your advantage by checking both markets and picking the best odds.

In theory, since the two bets are identical, the odds should also be the same between the two markets, as they are here on Dafabet:

In contrast, here are Bet365's Draw No Bet odds for a game between Fulham and Wolverhampton:

Here are the Asian Handicap 0.0 odds:

As you can see, the Asian Handicap market's odds are higher for Fulham, but lower for Wolverhampton, so you should choose whichever market has the best odds.

Advantages and Disadvantages of Draw No Bet Betting

As with all bet types, Draw No Bet has its pros and cons. Here's a quick summary:

Sometimes, a bookmaker or exchange might not have Draw No Bet odds for a certain game. If this is the case, you have a few options:

The third of these options is by far the most complicated, but is worth considering if there's no Draw No Bet market for the game you're betting on, or if you want to try to create more favourable odds.

The first step in creating your 'Draw No Bet' is to work out the effective Draw No Bet odds from the Match Result odds for the game. This is done as follows:

Divide 1 by the Match Result Draw Odds, subtract this from 1, then multiply by the Win Odds.

You also need to work out the appropriate stakes for the Match Result draw bet and win bet, as follows:

Draw Stake = Total Stake / Draw Odds

Win Stake = Total Stake - Draw Stake

This is shown in the graphic below, where the Win Odds are the odds for your team on the Match Result market, and the Win Stake is the stake you'll need to place on this bet.

The Draw Odds are also from the Match Result market and the Draw Stake is the stake required when you place this draw bet. Note that the Win Stake and Draw Stake will be the same whether you're betting on the home or away team.

Here's an example of this in practice, for a game between Leicester City and Chelsea on Matchbook.

There's already a Draw No Bet market, but you might want to see if you can do better by creating your own equivalent Drawn No Bet, using the Match Result market.

First, we'll look at creating a Draw No Bet on Chelsea, using a £100 total stake.

This shows that the 'true odds' for a Draw No Bet on Chelsea (by looking at the Match Odds market) are 1.23. These are very slightly higher than the actual available odds of 1.22.

To place your custom Draw No Bet you'll place two bets on the Match Odds market - a £79.59 bet on Chelsea to win and a £20.41 bet on the draw.

Here's a comparison of the overall positions for the regular Draw No Bet market and your own custom bet. First, here's the actual Draw No Bet market:

Profit if Chelsea win = £100 x 1.22 - £100 = £22

Profit if it's a draw = £0 (stake returned for no loss)

Loss if Chelsea lose = -£100

Now, let's look at the combination of bets on the Match Result market. With these bets, if Chelsea win the game, your Chelsea Match Odds bet will win and your Draw bet will lose. If it's a draw, your Draw bet will win and your Chelsea bet will lose:

Profit if Chelsea win = (£79.59 x 1.54 - £79.59) - £20.49 = £42.98 - £20.49 = £22.49

Profit if it's a draw = (£20.41 x 4.9 - £20.41) - £79.59 = £79.60 - £79.59 = £0.01

Loss if Chelsea lose = -£20.41 - £79.59 = -£100

The custom-made 'Draw No Bet' gives a profit of £22.49 if Chelsea win, compared to the £22 profit on the actual Draw No Bet market. It's only a small difference, but shows that the idea can work.

Now, let's create a custom 'Draw No Bet' for Leicester. Since the availability is very low for the best back odds of 6.6, we'll use the slightly worse 6.4 odds instead.

Since there's not enough availability to bet on Leicester Draw No Bet at odds of 4.8, we'll use odds of 4.7 here when comparing odds.

This time, the effective Draw No Bet odds are 5.09 - significantly better than the actual Leicester Draw No Bet odds of 4.7. Let's see how much difference this makes to your profit if Leicester win.

Profit if Leicester win = £100 x 4.7 - £100 = £370

Loss if Leicester lose = -£100

Profit if Leicester win = (£79.59 x 6.4 - £79.59) - £20.49 = £429.79 - £20.49 = £409.30

Profit if it's a draw = (£20.41 x 4.9 - £20.41) - £79.59 = £79.60 - £79.59 = £0.01

Loss if Leicester lose = -£20.41 - £79.59 = -£100

What Is Draw No Bet?

Paul Trevor

Despite today’s advanced technology and ridiculously fast cars that you see with Formula 1 now, the sport is covered with a rich history.&nbsp; Motor racing began to take shape in the 1800’s in France with people racing each other between villages.

The emergence of the term Grand Prix came to fruition in 1906 and was arranged by the <a href="https://automobileclubdefrance.fr/">Automobile Club of France (CAF)</a>.

Grand Prix in French means ‘Big Prize’ and the prizes have never been bigger than they currently are in Formula 1. <a href="https://automobileclubdefrance.fr/">&nbsp;</a>Other countries then arranged their own events but with their own set of rules because there was no championship to link them together.

Fast forward to 1950 and the <a href="https://www.fia.com/">Federation Internationale de l’Automobile</a> (FIA)<a href="https://www.fia.com/"> </a>arranged the first World Drivers’ Championship to unite the different countries.&nbsp; It was at this stage a scoring system was implemented and they decided to run seven races.

The very first World Championship took place at Silverstone on the 13th May 1950.&nbsp;

And here we are today, seeing the summit of motorsport.

F1 offers an exciting opportunity to do some analysis and fully understand the world of Formula 1.

As with most <a href="https://outplayed.com/blog/sports-betting-guide">sports bets</a>, there are plenty of <a href="https://outplayed.com/blog/types-of-bets">types of bets</a> available for Formula 1. In this article, you'll learn about betting strategies for F1 to help make informed decisions and enhance your potential rewards.

Before we get into the betting on the F1 side of things, let’s cover off the fundamentals of Formula One and what happens before the speed demons begin a race.

A normal F1 Grand Prix takes place over a weekend and usually runs from Friday to Sunday.&nbsp;

Saturday afternoon then focuses on qualifying in the afternoon and is split into three sessions.

Whilst the positions are determined by the qualifying stages, this sometimes changes.&nbsp; It’s not unheard of for grid penalties to be handed out after qualifying has finished.&nbsp; The penalties are dished out for breaking technical regulations or violation of behaviour rules.

Are pit stops mandatory? Sort of yes.&nbsp; The teams have to use a minimum of two different tyre compounds in a race.&nbsp; However, the rule states the two different types must be dry-weather tyres.&nbsp; Should a driver break the rules and complete the race without a pit stop, they will be disqualified.

There is an exception to this rule though.&nbsp; If the teams use intermediate or wet tyres, the drivers don’t have to pit.&nbsp; It’s worth pointing out that this is very rare though.

Interesting fact – Teams used to refuel during pit stops to keep their cars as light as they could.&nbsp; However, in 2010, this was banned due to safety concerns as there had been incidents involving car fires in the pit lane.

Any Formula One Grand Prix must cover at least 305 kilometres.&nbsp; As all the race tracks are different sizes, the number of race laps will vary from race to race provided they cover the minimum distance. The race time usually lasts up to two hours in total.&nbsp;

Upon completion of the race, drivers are awarded points towards the Drivers Championship as follows:

The Constructors Championship is closely linked to the Drivers Championship.&nbsp; As each team enters two race cars per race, any points scored by either car are attributed to the team.&nbsp; One thing to point out is that each team is allowed up to four drivers and even if they all drove in one F1 season, any points scored by any of them are awarded as points in the Constructors Championship.

Betting on F1 has significantly advanced in recent years.&nbsp; The information and data available to bettors is better than ever and can help both experienced and new bettors.&nbsp; You can pit your wits by analysing team data to consider strategic bets or just do a basic bet on who will win a race.

Some reasons to bet on Formula 1 might include:

The <a href="https://outplayed.com/blog/types-of-bets">types of bets</a> available on F1 will differ between the different bookmakers and may be more readily available closer to the event starting.&nbsp; One thing for sure though is because of the type of sport Formula One is, the betting markets are a lot less than you will find for types of <a href="https://outplayed.com/blog/types-of-horse-bets">horse racing bets</a> or the <a href="https://outplayed.com/blog/types-of-bets">types of bets</a> you might find on other sports.

Let’s take a look at some of the more common Formula 1 bets:

This is the most popular Formula 1 bet and the easier one to place and is a <a href="https://outplayed.com/blog/what-is-a-single-bet">Single bet</a>. You need to predict which driver will win a single race. &nbsp; Sounds easy right? The law of averages says you might land lucky eventually with uninformed decisions.&nbsp; However, the best way to increase your chances of success is to do a bit of analysis.&nbsp; Take a look at the drivers form, team performance, success rates at particular tracks and weather conditions.

Placing an Outright Winner Bet

Placing a F1 Outright Winner bet is straight-forward and is usually the main market on most bookies when you access the Formula 1 betting markets.

Placing the bet is no different to any other <a href="https://outplayed.com/blog/types-of-bets">type of bet</a><a href="https://outplayed.com/blog/types-of-bets"> </a>in that you just select the driver you predict to win the race and enter your stake in the bet slip. In this example at Sky Bet, Charles Leclerc must win the Las Vegas Grand Prix or your bet would lose.

This time you’re widening the net a little as you are predicting a driver to finish in the top three positions.&nbsp; The first three over the finishing line get to stand on the race podium.&nbsp; This is similar to an <a href="https://outplayed.com/blog/how-does-an-each-way-bet-work">Each Way bet</a><a href="https://outplayed.com/blog/how-does-an-each-way-bet-work"> </a>but uses different terminology and the stake isn’t split.&nbsp; The difference between an Each Way bet on horses compared to an F1 podium finish bet is the odds.&nbsp; With <a href="https://outplayed.com/blog/types-of-horse-bets">horse racing Each Way bets</a>,&nbsp; the odds remain the same whether you’re doing win only <a href="https://outplayed.com/blog/what-is-a-single-bet">Single bets</a> or Each Way bets.&nbsp; However, when doing podium finish bets, the odds are vastly reduced.

Placing a Podium Bet

Again, this is another simple bet to place. The Podium bet always shows in the F1 betting markets.&nbsp; Even though you are placing a bet on a driver to finish in the top three, it’s still and straight-forward <a href="https://outplayed.com/blog/what-is-a-single-bet">Single bet</a><a href="https://outplayed.com/blog/what-is-a-single-bet"> </a>and not each way.&nbsp; Therefore, whatever stake you place, that is the total stake.

You can clearly see the difference in odds between the same driver, Charles Leclerc, winning the GP outright or finishing on the Podium.&nbsp; The reduced odds are perfectly normal because you are giving yourself a safety net in that Leclerc doesn’t necessarily ned to win the race for your bet to win.

As with all <a href="https://outplayed.com/blog/how-does-an-each-way-bet-work">Each Way bets</a>, your total stake is split in half, with one half placed on the win part and the other half placed on the driver being placed.&nbsp; The place market on F1 Each Way bets is always almost for three places. Just remember that a £10 stake will cost a total of £20 with this type of bet.

Placing an Each Way Bet

Again, you head to the Outright Winner market and make you selection.&nbsp; Once it’s in the bet slip, you’ll see an ‘EW’ tick box option.&nbsp; Tick the box, enter your stake and place the bet.

Don’t forget, the stake you enter will double!

As you might have guessed, this is a bet on the driver that records the fastest lap during the F1 race.&nbsp; This can be one of the more exciting bets to place in Formula 1 as it doesn’t always result in the best driver winning the fastest lap.&nbsp;

There are times when teams who aren’t likely to finish on the podium try to get an extra point for getting the fastest lap and the teams push the cars limits to achieve this.

Placing a Fastest Lap Bet&nbsp;

The Fastest Lap market will be available on most bookies but may differ in where it is located.&nbsp; With Bet365, it’s on the Formula 1 markets home page and they show the three drivers with the lowest odds.&nbsp; You can choose a driver from there but if you want to see the full list just click on the Fastest Lap highlighted.&nbsp; Just pick your driver, enter your stake and place your bet.&nbsp;

Following on from the qualifying sessions, this bet relies on you predicting who will finish the qualifying sessions in pole position on the grid.&nbsp; Getting success on this bet is no mean feat though.&nbsp; Without thorough analysis before qualifying begins, your chances of success could be limited.

One thing to note with this bet is that it can be placed each way.&nbsp; This is something to consider if you’re unsure which driver will get pole position.&nbsp; Bookies tend to offer 2 or 3 places at ⅕ of the odds. If you think it’s likely to be between two drivers, it’s worth considering a <a href="https://outplayed.com/blog/what-is-a-forecast-bet">Forecast bet</a> as the returns can be much better.

Placing a Pole Position Bet

Quite a lot of the bookies tend to call the Pole Position market, the Fastest Qualifier.&nbsp; They both mean the same thing but it’s worth looking out for. The Pole Position bet is no different to any other bet, pick your selection and place your bet.&nbsp; As mentioned, you can opt to place it as an <a href="https://outplayed.com/blog/how-does-an-each-way-bet-work">Each Way bet</a> if you wish.

This bet can be considered as a <a href="https://outplayed.com/blog/what-is-a-cover-bet-in-horse-racing">Cover bet</a><a href="https://outplayed.com/blog/what-is-a-cover-bet-in-horse-racing"> </a>as it gives you much less risk than the outright winner and podium markets.&nbsp; When you consider that only twenty drivers take part in a F1 race, this gives bettors a great chance of success.&nbsp; As you can imagine, the odds for this type of bet aren’t amazing.&nbsp; That said, there’s no reason you can’t look out for good odds-on mid-range drivers or racing teams that finish quite well on a consistent basis.

Please note - The market won’t always be for a Top 6 Finish.&nbsp; It can vary from race to race and bookie to bookie.

With this bet, you need to pick two of the drivers and predict which one will finish ahead of the other in a particular F1 race.&nbsp; With Head-to-Head bets you can study driver form to make more informed predictions and even check on historic outcomes between the two drivers at previous races.

This bet requires you to predict which driver will win the Grand Prix and the margin by which they will win it.&nbsp; Bookies tend to provide different time ranges for bettors to pick how much the winning margin will be.&nbsp; This is a single stake bet.

Placing a Winning Margin Bet

In this example from Bet365, there are three betting options for this market.&nbsp; You can choose under 5 second, between 5 and 10 seconds or over 10 seconds.&nbsp; It’s possible the bookies might offer different margins in other races.

Formula 1 Drivers Championship Outright Winner

Similar to betting on the outright winner of a race, you are predicting which driver will win the entire season.&nbsp; This is a single stake and can be placed at any point during the F1 racing season.&nbsp; Obviously, the market odds will continuously change as each race is completed.

Formula 1 Constructors Championship Outright Winner

As mentioned, each team (constructor) has two drivers entered into each race.&nbsp; Any points the drivers score is added to the constructors points tally.&nbsp; Even if a team were to use four drivers in one season, all the points that each of those drivers score is attributed to the team points.

The constructors don’t get additional points from any other source than the points the drivers score.&nbsp; The team with the most points at the end of the F1 season are awarded the Constructors Championship and a hefty lump of prize money.

Prize money isn’t just for the winning team though.&nbsp; All ten constructor teams are given prize money with the amounts depending on where they finished.

Here’s the prize money dished out for the F1 2023 season:

The F1 bets shown in this article only scratch the surface of what’s actually available.&nbsp; There are so many more options you can look into that cover team bets, race bets, qualifying bets and even practice bets.

It’s worth pointing out that the closer to the race date, the more markets will appear.&nbsp;

Here’s an example of the Bet365 F1 betting options for the main race and teams

Betting blindly on F1 isn’t advisable.&nbsp; A lot of more experienced bettors adapt betting strategies when betting on Formula 1.&nbsp; Here’s some potential strategies that may be worth considering before placing any bets on F1:

It’s worth looking at how drivers perform in qualifying compared to the main race.&nbsp; The main drivers tend to perform the same in both.&nbsp; However, there can be times when drivers perform well in qualifying but struggle in the race.&nbsp; There’s also drivers that better suited to race day.&nbsp; Spotting this type of anomaly can help when looking at outright race winners and head-to-head bets.

The Complete F1 Betting Guide: Tips & Strategies

Horse racing has a long and rich history going back to Roman times and is one of the most ancient of sports.

Roll forward thousands of years and the horse racing industry in the UK is worth over £4 billion a year.

Such is the historic rise in the popularity of horse racing, it is the second most popular sport in the UK, only playing second fiddle to football.

As with any sports, money follows and the meteoric rise in horse racing is largely down to the betting markets.

Betting on the races can add a lot of excitement and now punters have a silly amount of the <a href="https://outplayed.com/blog/types-of-bets">types of bets</a><a href="https://outplayed.com/blog/types-of-bets"> </a>that are available to them.

There are so many variations that both novice and experienced bettors are catered for. In order to maximise the potential available, it’s important that bettors understand the types of horse bets they are placing.

During this article, you will learn about the different types of horse racing bets available, how they work and how to place them.

Learn about which bets suit which bet strategies and level of experience.

Even if you are just somebody who places bets for a bit of fun, knowing how each bet works can enhance your chances of success.

That’s a wrap!&nbsp; You now have the details needed to fully equip your betting strategy armoury.

Obviously, this is a lot of information and a large amount of bets.&nbsp; This selection of types of horse racing bets covers all the options needed whether you’re a novice or an experienced bettor.

Each type of bet has its advantages and disadvantages and there’s never been as many options as there are today.&nbsp; All of which have huge profit potential.&nbsp;

The secret is to identify which types of bets suit the events you’re looking at and which suit your strategy and bankroll.

Types Of Horse Racing Bets: A Comprehensive Guide

Lynsey Thompson

The Reverse Labouchere system is the exact opposite of the popular <a href="https://outplayed.com/blog/labouchere-betting-system">Labouchere gambling strategy</a> that many players use when betting on casino games.

Both systems follow a structure of cancelling and adding <a href="https://outplayed.com/blog/types-of-bets">bets</a> to a sequence based on the outcome of the previous bet.

However, one is a progressive system and the other is a negative progressive system.

Reverse Labouchere betting can be a little complicated to understand at first, however, it does get easier the more you use it and it also has some advantages.

So, let’s take a closer look at Reverse Labouchere, its principles, origins and see some examples of it in action.

What Is The Reverse Labouchere Betting System?

In order to discuss the Reverse Labouchere betting system we need to understand the Labouchere strategy first.

Both use the same foundation, just in opposing ways.

The Labouchere system involves setting a profit target and then creating a sequence of values that act as betting stakes to add up to that target.

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