{"id":2928,"date":"2021-12-08T10:08:54","date_gmt":"2021-12-08T10:08:54","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?page_id=2928"},"modified":"2021-12-08T10:08:54","modified_gmt":"2021-12-08T10:08:54","slug":"what-is-a-win-1-2-3-bet","status":"publish","type":"page","link":"https:\/\/www.newbettingsites.co\/articles\/what-is-a-win-1-2-3-bet\/","title":{"rendered":"What Is A Win 1-2-3 Bet?"},"content":{"rendered":"

\"winBookmakers exist in an extremely competitive market. They are always trying to come up with ways to get one over on one another in the sense of winning customers, exploring different bet types to persuade punters to place their wagers with them instead of their competitors. One such example a relatively new market is the 1-2 bet, sometimes even being stretched to be a 1-2-3 bet. In essence, it\u2019s a bit like an Each-Way wager, but instead of having to pay double the stake, punters are offered lower odds for a win in a single bet.<\/p>\n

To put it another way, where an Each-Way bet would ask you to pay double the stake and essentially break your bet up into two bets, one for a Win and one for a Place, 1-2 bets look to keep things simple and only take one stake but pay out on a similar number of places. If your chosen horse finishes first or second, or first, second or third if you opt for a 1-2-3 bet, then your wager will be a winner. It allows you to put your entire stake on the horse doing what you want it to, rather than splitting your stake in half.<\/p>\n

How 1-2 Bets Work<\/h2>\n

\"deadIf you feel hugely confident about the selection that you\u2019ve made winning the horse race that you\u2019re betting on, it makes sense to place a wager on the straight Win option. In a lot of cases, however, people are not all that confident that their selection will do what they want it to do. When this is the case, they toy with placing an Each-Way bet instead of a Win one, simply because this gives them a little bit of cover if their horse slightly underperforms and ends up just missing out on the top spot, finishing in the places instead.<\/p>\n

An alternative to an Each-Way bet is the 1-2 wager, which can usually be found as an alternative market on a bookmaker\u2019s page. It is essentially the same as taking out an Each-Way wager that only pays if your horse finishes first or second, or first, second or third in the case of those that opt for the 1-2-3 bet. The big different is that it remains one wager, rather than being split into two bets. The reason this is good news is that it only requires one stake, with the bookie making their money by offering lower odds.<\/p>\n

Another option for punters is a cover bet<\/a>, again you accept lower odds overall but here this pays out if you win and gives you your stake back if the horse places.\u00a0 You can often choose the number of places you want to cover.<\/p>\n

Examples<\/h2>\n

The best way of explaining the 1-2 bet is by looking at a specific example or two. Here is a look at how the odds worked for a flat race that took place at Newcastle, giving you the odds for a straight Win bet, a 1-2 bet or a 1-2-3 bet, which you\u2019ll note decrease depending on which of the options you go for. To keep things simple, we\u2019ll look at the odds of five horses:<\/p>\n

\n\n\n\n\n\n\n\n\n
Horse<\/th>\nWin Odds<\/th>\n1-2 Odds<\/th>\n1-2-3 Odds<\/th>\n<\/tr>\n
Ustath<\/td>\n13\/2<\/td>\n5\/2<\/td>\n13\/8<\/td>\n<\/tr>\n
Mr Trevor<\/td>\n4\/1<\/td>\n2\/1<\/td>\n5\/4<\/td>\n<\/tr>\n
Champagne Supanova<\/td>\n9\/2<\/td>\n2\/1<\/td>\n5\/4<\/td>\n<\/tr>\n
Kolossus<\/td>\n18\/1<\/td>\n13\/2<\/td>\n4\/1<\/td>\n<\/tr>\n
Independent Beauty<\/td>\n40\/1<\/td>\n20\/1<\/td>\n12\/1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The odds diminish the more places you want to paid out on, which makes perfect sense given the more chance there is that the bookmaker in question will end up having to pay out if it finishes third. You can see that the odds almost halve when you move from a straight Win bet to a 1-2 wager, shifting down again when you extend it out to being a 1-2-3 bet.<\/p>\n

Now let\u2019s have a look at the same thing for a different race, just to give you a real sense of how it works. These are the odds for five horse taking part in a Grade 3 Handicap Hurdle event at Haydock Park, once again looking at the Win, 1-2 and 1-2-3 markets for a fair sense of comparison:<\/p>\n

\n\n\n\n\n\n\n\n\n
Horse<\/th>\nWin Odds<\/th>\n1-2 Odds<\/th>\n1-2-3 Odds<\/th>\n<\/tr>\n
If The Cap Fits<\/td>\n16\/1<\/td>\n7\/1<\/td>\n4\/1<\/td>\n<\/tr>\n
Brinkley<\/td>\n18\/1<\/td>\n8\/1<\/td>\n9\/2<\/td>\n<\/tr>\n
Ask Dillon<\/td>\n25\/1<\/td>\n12\/1<\/td>\n7\/1<\/td>\n<\/tr>\n
Stoney Mountain<\/td>\n16\/1<\/td>\n7\/1<\/td>\n4\/1<\/td>\n<\/tr>\n
Storm Arising<\/td>\n28\/1<\/td>\n14\/1<\/td>\n8\/1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

As with the race at Newcastle, you can see that the odds all but halve if not more when you opt for the 1-2 odds over placing a bet to Win, dropping by a similar amount when you look at the 1-2-3 market.<\/p>\n

Is It Good Value?<\/h2>\n

\"value\"The obvious question to ask is whether or not placing a 1-2 or 1-2-3 bet is good value for money. Let\u2019s look at one example from the above horses to give us a sense of where we lie on that front. Let us presume that we\u2019ve placed our wager with a bookmaker that pays out at quarter odds for the Each-Way part of an Each-Way bet, paying to three places. We\u2019ll use Mr Trevor as our example because of the simplicity of the maths on a horse with relatively low odds. A \u00a320 Each-Way bet would work out as follows:<\/p>\n

    \n
  • \u00a310 on Win at odds of 4\/1<\/li>\n
  • \u00a310 on Each-Way at odds of 1\/1<\/li>\n<\/ul>\n

    A Win would result in a return of \u00a370 if the horse came first, which is made up of \u00a340 from the Win part of the bet, \u00a310 from the Each-Way part and the \u00a320 stake being returned to us. Here\u2019s how it would work out if you placed \u00a320 on either the 1-2 odds or the 1-2-3 option:<\/p>\n

      \n
    • \u00a320 on 1-2 at odds of 2\/1 = \u00a360 returned<\/li>\n
    • \u00a320 on 1-2-3 at odds of 5\/4 = \u00a345 returned<\/li>\n<\/ul>\n

      Obviously the Each-Way bet works out better if the horse wins. The question is, what happens if the horse only manages to place? You\u2019ll lose the Win part of the Each-Way bet, meaning that your only return is the Place part of the wager. Now the amount that you\u2019d get returned to you is \u00a320, which is made up of \u00a310 stake and \u00a310 payout. That means that you\u2019ve simply covered your losses and made no profit, whereas you\u2019ll have made a \u00a340 profit on the 1-2 market and a profit of \u00a325 on the 1-2-3 option.<\/p>\n

      Looking At All Payouts<\/h2>\n

      Now that we understand the difference in payout between an Each-Way and a 1-2 or 1-2-3 bet, let\u2019s have a look at how much you could expect to be paid on all ten of the above horses, complete with the odds you\u2019d be betting with. For the purposes of this, we\u2019re going to assume that your horse winning the race would see you paid more for an Each-Way bet, instead imagining that your selection finished second in the race each time. We\u2019re also going to imagine a total stake of \u00a320, either as \u00a310 Each-Way or \u00a320 on the nose, bet depending:<\/p>\n

      \n\n\n\n\n\n\n\n\n\n\n\n\n\n
      Horse Name<\/th>\nEach-Way Odds & Payout<\/th>\n1-2 Odds & Payout<\/th>\n1-2-3 Odds & Payout<\/th>\n<\/tr>\n
      Ustath<\/td>\n13\/2 – \u00a326.25<\/td>\n5\/2 – \u00a370<\/td>\n13\/8 – \u00a352.50<\/td>\n<\/tr>\n
      Mr Trevor<\/td>\n4\/1 – \u00a320<\/td>\n2\/1 – \u00a360<\/td>\n5\/4 – \u00a345<\/td>\n<\/tr>\n
      Champagne Supanova<\/td>\n9\/2 – \u00a321.25<\/td>\n2\/1 – \u00a360<\/td>\n5\/4 – \u00a345<\/td>\n<\/tr>\n
      Kolossus<\/td>\n18\/1 – \u00a355<\/td>\n13\/2 – \u00a3150<\/td>\n4\/1 – \u00a3100<\/td>\n<\/tr>\n
      Independent Beauty<\/td>\n40\/1 – \u00a3110<\/td>\n20\/1 – \u00a3420<\/td>\n12\/1 – \u00a3260<\/td>\n<\/tr>\n
      If The Cap Fits<\/td>\n16\/1 – \u00a350<\/td>\n7\/1 – \u00a3160<\/td>\n4\/1 – \u00a3100<\/td>\n<\/tr>\n
      Brinkley<\/td>\n18\/1 – \u00a355<\/td>\n8\/1 – \u00a3180<\/td>\n9\/2 – \u00a3110<\/td>\n<\/tr>\n
      Ask Dillon<\/td>\n25\/1 – \u00a372.50<\/td>\n12\/1 – \u00a3260<\/td>\n7\/1 – \u00a3160<\/td>\n<\/tr>\n
      Stoney Mountain<\/td>\n16\/1 – \u00a350<\/td>\n7\/1 – \u00a3160<\/td>\n4\/1 – \u00a3100<\/td>\n<\/tr>\n
      Storm Arising<\/td>\n28\/1 – \u00a380<\/td>\n14\/1 – \u00a3300<\/td>\n8\/1 – \u00a3180<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

      As you can see, it always makes sense to place a bet on the Each-Way market if you are confident that the horse that you\u2019re betting on is going to win but want to give yourself a little bit of leeway just in case things don\u2019t work out. The 1-2 and 1-2-3 markets, on the other hand, are the best option if you think that you\u2019re horse is unlikely to win but will be in and around the places.<\/p>\n

      Why Place It<\/h2>\n

      \"QuestionNow that we know whether or not it is worth placing a 1-2 or 1-2-3 bet, the next question becomes why you\u2019d want to do so. The answer comes in the form of the confidence that you\u2019ve got in your selection to actually win the race. If you think it\u2019s a nailed on winner, there\u2019s no point in opting for either an Each-Way or a 1-2 bet, instead plumping all of your money on the Win market. If, however, you\u2019re not sure that the horse that you\u2019ve chosen has got the ability to go all the way to the finish line then that\u2019s when an alternative is worth it.<\/p>\n

      Only you will know why you chose the horse that you\u2019ve chosen and how confident you are in its ability to finish as the winner. Once you\u2019ve allowed a seed of doubt to creep in, however, it\u2019s clear that there is better value in opting for the 1-2 or even the 1-2-3 market. Not only will it see you get a higher payout but it will also give you more chance of actually winning said pay out. Of course, the downside comes if it finishes fourth, which an Each-Way bet would have at least seen you get your money back over but even a 1-2-3 bet wouldn\u2019t.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Bookmakers exist in an extremely competitive market. They are always trying to come up with ways to get one over on one another in the sense of winning customers, exploring different bet types to persuade punters to place their wagers with them instead of their competitors. One such example a relatively new market is the…<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":468,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"acf":[],"yoast_head":"\nWhat Is A Win 1-2-3 Bet? - NewBettingSites.co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.newbettingsites.co\/articles\/what-is-a-win-1-2-3-bet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is A Win 1-2-3 Bet? - NewBettingSites.co\" \/>\n<meta property=\"og:description\" content=\"Bookmakers exist in an extremely competitive market. 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