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For this reason, they are highly accessible bets for people who just starting to understand betting.
However, some knowledge of the runners will be required as bettors are selecting two participants who need to have a good chance of finishing in the top two, rather than just one.
As is the case with straight forecast bets, the size of the field is an important consideration for anyone considering placing a reverse forecast bet.
The bigger the field, the higher your chance of a big return will be because it's more difficult to select the first two finishers in this scenario.
Likewise, if the field is smaller it becomes easier to predict those first two, so the chances of earning high returns are lower.
This means that a reverse forecast bet placed, for example, on a horse race with more than 15 runners is going to deliver better winning returns than one that has fewer than 10 runners.
The odds betting companies offer will differ depending on the scenarios to reflect this. A larger field is likely to provide better prices than a smaller field.
To apply the principles of a reversed forecast bet to an example scenario, you could place this kind of bet on a greyhound race and select greyhound 5 and greyhound 8 as your two picks.
In some scenarios, one of the selections in your reverse forecast bet could be declared a non-runner and be ruled out of the race.
If this happens, your bet is still intact, but it becomes a single at the SP of the remaining selection.
If that happens, you win your bet under the terms of a traditional single bet. Anybody who has done a little online betting will know that it is often difficult to pick a winner in a race, let alone first and second and in the right order as well.
You can therefore expect to have a lower strike rate with this kind of bet than you might expect from other bets, for example singles.
On the other hand, you can improve strike rate to some extent by placing a reverse forecast bets, which removes the need to get the order correct.
Head on over to Betfred. Betting Blog. What is a Forecast Bet? Forecast Betting Example To give an example, you could select Red Rock and Blue Coral as your bets in a horse race.
Obviously your payouts depend on the odds on the two selections. How to place a Forecast Bets Placing a forecast bet is fairly easy to do.
Clicking on the one you want to bet on will bring up a new page, listing all the upcoming races 2. Further variations in winnings feature in Tote or Pool betting.
Here, your potential return is dependant upon two extra factors: the amount of money that has been bet into the pool and the number of people who make a winning bet.
The more money and the fewer winners means that the people who do win will claim a larger stake. You may hear straight forecast bets mentioned alongside two other kinds of forecast bets.
These are known as a reversed forecast bet and a combination forecast bet. They are similar to a straight forecast bet, but have very different rules governing who does and does not win.
A reversed forecast bet is very similar to a straight forecast bet in that you predict who will finish first and second.
However, in a reversed forecast bet, it doesn't matter which order the participants finish in. If you predict that Hamilton will win and Vettel will come second, you will win the bet even if Vettel wins and Hamilton is second.
If one or both of these racers fail to finish in the top two, you will lose. Another major difference between a reverse forecast bet and a straight forecast bet is the stake.
This is because you're essentially placing two bets.