A Reverse Forecast bet is perfect for punters who are confident in the sport. Utilized for horse racing and greyhound racing, this bet is a bit of a challenge to win. But, it offers greater rewards to those who are successful.
It’s much simpler to wager on compared to other combination bets. The Reverse Forecast bet can also be low-stake. But, the odds of winning make this a bit of a black card in the sports betting community. It’s usually used by seasoned punters looking to push their luck. Many use it to decrease risks, too.
What is a Reverse Forecast Bet and How Does it Work?
At its core, a Reverse Forecast bet is nothing more than a super simple combination bet. Like other combination bets, it combines multiple wagers into one. In this bet, you’re only making two straightforward bets involving two selections.
You’re not just choosing the winner here. You’re also choosing which selection comes in second place.
The cool thing about a Reverse Forecast bet is that the order doesn’t apply. It doesn’t matter which selection wins the race and which comes second. That’s because the two separate bets cover possible outcomes.
For example, say that you choose selection A and selection B.
The first bet has you wagering on selection A coming in first place while selection B comes in second. The second bet covers the opposite outcome. It wagers on the fact that selection B will come in first while selection A comes in second.
It’s a great way to reduce your risks and cover your bases. Of course, this bet is not easy to win because you must select two only two racers our of many. But if you’re confident with your picks, the Reverse Forecast bet gives you good odds of seeing a return.
Placing Your Reverse Forecast Bet
Placing Reverse Forecast bets is very easy. Most traditional bookmakers accept them without any problems. You can also go to online bookies like William Hill, Bet365, Betfair, and more to wager from home.
It’s important to remember that this bet is technically a combination Forecast bet. It’s not a single bet, so be prepared to calculate your total stake accordingly. Let’s look at an example.
If you place a bet with a unit stake of £2, your total investment is going to be £4. It’s two bets bundled into one, so you must cover both liabilities. Your unit state for the Reverse Forecast doubles to make your total stake.
How much you can win varies on several factors like the odds format and starting prices. Unlike other combination bets, the payout is the same regardless of which bet you win. That said, Reverse Forecast dividends can get a bit complicated. The dividend is calculated based on the odds of your selections and the number of runners. Luckily, most online bookies provide estimated dividends for you. It’s referred to as the computer straight forecast.
Now, in the event that one of your selections becomes a non-runner, your bet is void. Bookies return your stake rather than moving it to a different selection automatically.
How Does a Reverse Forecast Bet Differ from a Traditional Forecast Bet?
There are a few similar bets used in horse races. The bet that most people confuse with the Reverse Forecast is the Straight Forecast bet. This is also known as an Exacta. It operates very closely. Like the Reverse Forecast, the Straight Forecast contains two bets built into one. You’re still choosing two selections as well.
Yet, There’s one big difference with Forecast betting. You must choose the correct order for your selections. That’s not the case with a Reverse Forecast bet. It doesn’t matter which selection comes in first place and which comes in second place. As long as those two selections take the top spots, you’re a winner.
The same goes for a Tricast bet. A combination Tricast bet involves three selections. They all have to come in first, second, and third place. Like the Straight Forecast bet, the order of the selections matters with Tricast betting.
The Advantages and Disadvantages of a Reverse Forecast Bet
Reverse Forecast bets are pretty straightforward. But, these bets aren’t for everyone. Here are some pros and cons to consider before you place your bets.
One big perk of a Reverse Forecast bet is that it’s much easier to win compared to a Straight Forecast bet. The odds are already stacked against you when you only make two selections. Having to get the correct order for those selections makes it even tougher. With a Reverse Forecast, both orders are covered.
Another positive aspect worth mentioning is the payout. With big risks come big rewards. That’s why this bet is popular among experienced punters. If you know what you’re doing and have confidence in your selections, you could end up winning big. You can even use these bets to minimize your risks. It’s possible to place many Reverse Forecast bets on one race. So, the possibilities are endless.
The drawback of a Reverse Forecast is the sheer difficulty. You only have a small number of selections out of many racers. This alone decreases your odds tremendously. There are no doubles, trebles, or accumulators to cover any remaining eventualities. Thus, you’re putting a lot of faith into your two selections.
All in all, Reverse Forecast bets are an interesting way to spice up your betting game. While they are riskier, you can use that to your advantage. Study up on your sport and choose racers you’re confident in. With a bit of luck by your side, a Reverse Forecast bet could help you come out on top.