All-In betting - How it works

Leicester City were $5,001 to win the EPL title at the start of season 2015-16

Many punters enjoy the thrill of trying to select the winner of a feature race months before the event has even started. This is known as All-In betting.

WHAT IS ALL-IN BETTING

All-In betting involves a bookmaker offering fixed odds on selected feature races prior to the declaration of the final field. 

Most of the big Group 1 horse racing events have All-In betting available months in advance; the Melbourne Cup is the biggest race each year and bookmakers such as CrownBet, Ladbrokes and Sportsbet offer All-In betting on the Melbourne Cup for the better part of 12 months leading into the event. 

When placing bets on a normal race, if your runner is scratched from an event, you will receive a refund for your bet as Final Field rules apply. This is not the case with All-In betting.

DEFINITION OF ALL-IN BETTING

The following is a summary of the definition of an All-In bet according to Sportsbet.

Future racing prices may be offered at fixed odds for races where the final field hasn’t been declared. 

Bets made on an event before the final field has been declared are classified as All-In bets. This means that if your selected runner doesn’t compete in the specified race that you placed the bet on, your bet will be resulted as a loss, unless stated otherwise.

EXAMPLE OF A SUCCESSFUL ALL-IN BET

One of our team members placed an All-In bet on Lovers Delight each-way to win the 2015 Inter Dominion Championship at odds of $151 to win and $38.50 to place. The bet was placed prior to the final field being determined for the final.

The horse successfully qualified for the Inter Dominion Final, drew barrier one and finished second behind Lennytheshark. While the $151 win bet was a loss, he collected at odds of $38.50 for the horse to place. 

To provide more context, at race time, the horse was sent around at odds of $7 to win and $1.80 to place – the All-In bet was a massive price in the end!

WHAT HAPPENS TO MY ALL-IN BET IF MY HORSE DOESN’T RUN?

Following on from the definition section earlier, if you place a wager on a horse in an All-In market but the horse doesn’t run in that race, your bet will be counted as a loss.

All-In betting is much riskier than standard betting for this reason.

For example, if you place a bet on Werther to win the 2016 Cox Plate, but he doesn’t make the trip to Australia to run in the Cox Plate, you will have lost your bet. 

Some bookmakers will have a clause that states All-In bets will be refunded if your horse isn’t in the first set of nominations. 

RISK VERSUS REWARD

While there is plenty of risk with All-In betting (in some cases your horse won’t even contest the event), but there is plenty of reward when you get it right – as outlined in the example earlier and Leicester City’s miracle victory later on.

A horse that is on the way up, an international raider that may have gone under the radar, or a number of other factors can lead to horses being offered at massive odds leading up to races such as the Caulfield Cup, Melbourne Cup, Caulfield Guineas etc.

While we all wish we had a magical eight-ball that could predict the future, we do get the opportunity to try and land a massive-priced winner, along with some bragging rights, by landing a successful All-In bet at odds greater than what prevails on race day.

SPORTS MARKETS ALSO OFFER ALL-IN BETTING

We have used horse racing and harness racing in our article so far, but sports betting offers plenty of All-In markets – these are often known as futures.

Sporting futures bets are generally less risky than racing All-In bets; that is because at least with a sports future, you are likely to see your money at some point. While your wager is likely to be alive throughout an AFL season for a period of time, it is not always easy to predict the winner of an AFL premiership when you have 18 teams competing for glory at the start of the season.

However, the risk versus reward comes into play, and you are going to get a better price at the start of the season about a team winning the AFL Grand Final than if that team makes it into the Grand Final. If you backed Geelong at $7 to win the Premiership, it is highly unlikely that they will be greater than $7 if they make the Grand Final (of course they have to make it for your bet to still be a chance of winning).

BIGGEST FUTURES BET LANDED IN RECENT TIMES

The biggest upset in English Premier League (EPL) history was fulfilled in season 2015-16 with Leicester City ($5,001) winning the title. You read that correct, they were $5,001 and not $501 at the start of the season.

Over the past two decades, the EPL has been dominated by leading clubs Manchester United, Manchester City, Chelsea and Arsenal. 

Since season 1992-93, the EPL title had only been won by Manchester United (13 times), Chelsea (4), Arsenal (3) and Manchester City (2); Blackburn Rovers were the exception in 1994-95 as Manchester United had to settle for being runner-up.

With that history behind us, it’s easy to see why any other club besides the “big four” would be big odds to win the EPL title at the start of the season. 

Leicester City was promoted to the EPL for season 2014-15 and finished 14th (after looking like they would be relegated during the season when sitting last). 

Therefore, it is easy to see why bookmakers gave them no chance of winning the title at the start of 2015-16.  


NSW BOOKIES Australia

*Over 18s only. Wagering requirements apply. State exclusions apply to some offers. Exc. NSW, SA, WA & VIC. Please read the T&Cs of each offer with each bookmaker.

Share this with your friends

To:
From:
Your comments:

All-In betting - How it works

Many punters enjoy the thrill of trying to select the winner of a feature race months before the event has even started. This is known as All-In betting.

Read more »

You have unread messages

You have unread messages