I have to say that this year the bookmakers have been very slow to offer Non Runner No Bet on the Grand National betting markets.
Last year they went as early as February which can in part be explained by the fact that high street bookmakers were not open at the time. Hence the need to get as many people online and backing their favourites early.
It seems that for the 2022 Grand National, bookmakers are a little more cautious and are slower to move away from ante-post odds.
That is why it is so good to see Betfred charge ahead and not only offer NRNB but also SIX places on payouts.
Non Runner No Bet
With most events happening further into the future, odds are generally advertised as ‘antepost’. This means that if you place a bet and your horse/player doesn’t take part, you lose your bet and the money you spent on it.
But there is an upside to antepost odds in that they are generally much bigger. So for example, Cloth Cap was 25/1 antepost to win the Grand National 2021. Once the odds went to Non Runner No Bet those odds slipped to 12/1.
However, for those of us more risk-averse, the prospect of having a punt on a major outsider without the chance of losing our money is much better.
Paying Out To SIX Places
There are specific rules governing the payout of the places in bigger races. ‘Places’ are those that finish but do not win the race.
In the UK bookmakers adhere to the following guidelines:
Terms for Each Way Betting
- 2-4 runners 1st only
- 5-7 runners 1st, 2nd
- 8+ runners 1st, 2nd, 3rd
- 16+ runner handicaps 1st, 2nd, 3rd, 4th
So as you can see, bookmakers are only obliged to pay out to the first four places home in the Grand National. However, this is rarely the case.
In order to spruce up the virtual shop window and draw in more customers, bookmakers will payout to five or even SIX places – well, most of them will.
This again is normally promoted closer to the race day. However, following the Non Runner No Bet announcement, Betfred has also moved to SIX places.
In terms of the payout, most bookmakers pay their each-way bets at 1/5 of the win odds except in all races of less than 8 runners, or in handicaps of 12 runners or more.
For these races, the place payout is usually 1/4 the win odds. However, in the case of the 2022 Grand National, Betfred is paying 1/5 of the win odds for place payouts.
So doing my due diligence, I have checked with five other major bookmakers in the UK and there is a mixed bag of results.
Paddy Power and Betfair are still offering ante-post odds but are already paying out to five places. William Hill is NRMB and paying five places. Ladbrokes are still ante-post and four places, and Bet365 is ante post and six places.
So as you can see, at the time of writing this, BETFRED is offering the best deal. Non Runner No Bet odds with SIX places being paid out on the Grand National 2022.
There will of course be other betting promotions in the works and they will start getting churned out quite soon.
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