If you’re relatively new to the world of betting, it’s possible that you’ve heard the term “ante-post” occasionally but doesn’t fully understand what it means. Although it is understandable, the phrase actually means “bets put before the event” and is therefore pretty simple to comprehend. In order to be considered ante-post, a bet must normally be placed at least one day before the event, however, there is no theoretical maximum.
Ante-post wagers are those made before the overnight declarations, which is where the phrase first appeared in the world of horse racing. You can even place a wager early in the morning and have it be considered ante-post because declarations are often made between 9 and 10 am on the day of the race.
An ante-post wager has the benefit that you will almost certainly receive higher odds, but the drawback is that you rarely receive special incentives, such as the best odds guaranteed.
Why should one gamble on the Ante-Post?
Why someone would choose to put an ante-post wager is the natural question to ask when trying to understand the world of ante-post betting. As you won’t receive your money back if a horse has ruled a non-runner or the participant in the event you’re betting on doesn’t show up, ante-post bets have a higher potential risk overall. What are the benefits of the wager given the potential for loss of money?
Better odds serve as the primary solution. You’re likely to get better odds than if you wait until closer to the start of the event because bookmakers typically have a poor understanding of the actual probability of the result of a wager when it is put in advance. This increase in odds, in the opinion of many gamblers, makes the wager worthwhile despite the danger involved.
Ante-post wagers also have the significant advantage of not being subject to Rule 4 deductions. According to Rule 4, if a person does not participate in a race, their absence will be made up for by a reduction in the prize money awarded to the winner. The maximum amount that bookmakers may withhold is announced well in advance of the event, and the amounts that the bookies often take are as follows:
|Odds At Time Of Withdrawal
|Percentage Witheld From Winnings
|1/9 or shorter
|2/11 to 2/17
|1/4 to 1/5
|3/10 to 2/7
|2/5 to 1/3
|8/15 to 4/9
|8/13 to 4/7
|4/5 to 4/6
|20/21 to 5/6
|Evens to 6/5
|5/4 to 6/4
|8/5 to 7/4
|9/5 to 9/4
|12/5 to 3/1
|16/5 to 4/1
|9/2 to 11/2
|6/1 to 9/1
|10/1 to 14/1
In other words, the amount of money you would have anticipated winning would be decreased by the aforementioned percentage in accordance with the odds of the horse you bet on at the time the other horse withdrew from the race, as shown by the odds. For instance, a wager on a horse with odds of 9/1 will actually pay you £9, including the risk, for a wager of £1, as opposed to the £10 you would have anticipated.
As ante-post bets are exempt from Rule 4 deductions, this fact can only be seen favorably, which is why many major bettors prefer ante-post betting as a way of life. They believe that the risk of ante-post betting is justified given the amount of money they would stand to lose on a sizable wager on a horse with odds of, say, 1/4. You’ll have to make your own judgment as to whether that applies to you.
Managing Risk and Gain
Essentially, ante-post betting involves balancing risk and reward, but since many so-called “professionals” place the majority of their bets this way, there are clear benefits.
By betting this way, you have to understand that you might lose your capital on some wagers because the selections you back might not wind up appearing in the event. This applies to any early wager made on most sports, not just horse racing. For instance, you would lose your bet if you backed a football player to score the most goals in a competition but they were injured before the game and were unable to play.
In contrast, you are likely to have considerably higher odds, allowing you to win more money if that player participates and ends up scoring the most goals than if you waited until the tournament had begun.
As a result, overall, you will have more bets lose before they really have a chance, but on the other side, ante-post bets usually offer considerably higher value. Many bettors believe this is worthwhile over the long term.
The Drawbacks Of Pre-Game Betting
As you can expect, there are a lot of drawbacks to betting ante-post. Bookmakers frequently run specials like Best Odds Guaranteed that are not available to customers who place ante-post bets. The Best Odds Guarantee ensures that you will receive payment at the best odds, whether those are the ones you set before the race or the Starting Price of a horse.
Bookmakers are less likely to offer the clients who have placed ante-post bets a Best Odds Guarantee because they often have superior odds. Similarly, Non-Runner, No Bet promos are accurate. If a horse is declared a non-runner in an event for any reason, a bookmaker will in this case forfeit bets made on that horse. You can benefit from this as long as the best is put on the day rather than ante-post.
Yet, it’s important to keep in mind that bookmakers frequently run specials leading up to the biggest races that let ante-post bets profit from things like the Best Odds Guarantee and the Non-Runner, No Bet promotion. These incentives are worth keeping an eye out for on ante-post wagers because prominent races like the Grand National and the Cheltenham Festival force bookmakers to compete with one another for revenue.
At a race like Cheltenham, you can frequently find NRNB and even BOG several weeks or months beforehand, allowing you to benefit from the potential for improved ante-post odds while still having a safety net in case the horse doesn’t run or the odds end up lengthening.
Intriguingly, the expression dates back to the days when a post would be driven into the ground at a racetrack to signal that betting was available. Ante, which means “before” in Latin, effectively means “before the post” in this expression. Because promos would have been placed prior to the start of the actual betting, bookmakers typically do not let them count towards ante-post wagers.
Ante Post Betting FAQs
1) How do I make an ante-post wager?
An ante-post wager in horse racing is one that is made before the runners are announced at the final declaration stage. The odds and consequent rewards are frequently larger because your stake is forfeited if your horse does not place in the race.
2) Is an ante-post wager cashable?
Should Ante-Post Bets Be Cashed Out? There is a good probability that the bookmaker where you placed your ante-post wager will allow you to Cash Out your wager between the time it was placed and the start of the race you were betting on.
3) What does football ante-post betting entail?
Football betting ante-post, which entails wagering on the results of the season before it begins, is the most often used kind of football wagering.
4) What exactly is an ante-post victor?
Ante-post betting is a longer-term wager in which gamblers speculate on an event’s outcome, such as the Grand National winner. This early in the game can come with bigger dangers but also better odds.