Each Way Profiting
Placing an Each Way Bet with a Bookmaker and laying off at an exchange!
Before we start, there are a few things you can use to make your horse racing extra place matched betting selection process a lot easier. I have been betting startegically for a long time, almost twenty years, so I don’t follow all this to a “tee”, however, if I was starting-out now, I’d use a few tools, mentioned below, to cut-out a lot of the grunt work, make things time efficient, which, therefore, will give you more time to profit!
Each way extra place matched betting software
Each way extra places on gubbed accounts
This is an exciting prospect, when looking for your extra place races today, considering your actions won’t affect your account health!
William Hill have often offered a 7 to-be-placed offer, since 2019, which I have been able to place good enough stakes on, even using gubbed accounts. Gubbed “max bets” do vary, so it’s not possible for me to be specific here. If you want to save time looking for your William hill extra places today, then you could use a daily offers calendar fro matched betting extra place races.
You may not be able to stake as much compared to unGubbed accounts, of course, but many companies still let you have a fair sum – ENOUGH to make it more than worthwhile– you can also back several horses in each race; the more horses you cover the better – BUT I would recommend trying to do four or less on each betting company account.
I state “four or less” on the assumption that the Each Way Extra place offer is in a field that usually consists of 11+ runners, to say the least.
In reality, these 7 to be placed offers, for example, are usually “cavalry charges” containing 16-30 runners! Therefore, backing in four in a race like this is way less dangerous than backing 4 runners, in an eight-horse race.
Just be sensible – rather than focussing on strict guidelines.
As common sense would indicate, the more selections you include, the higher the risk to your account health. Resist the urge to cover too many in one race, with the same company, and or account.
Non-Runners and Matched Betting Each Way extra places
Betfair extra places
Betfair extra places is not really a thing on the exchanges, however, Betfair do have a sportsbook which is an entirely differentproduct. Most of you already know, but Betfair sportsbook is almost like any other sportsbook, similar to Ladbrokes extra place sportsbook. They offers selected extra places races today has to offer. Yes, these extra place offers today are available every day, possibly happening several times per day, to add to that.
Betfair extra places – non runners on Betfair exchange extra places
In contrast to the Betfair sportsbook extra places, Betfair exchange works very differently. Of course, Betfair extra places for the exchange is not really a thing. However, one thing you must take note of is if there is a non runner on the Betfair exchnage and you have already laid your extra place offers matched betting brought you, from your extra place offers today, using an extra places calculator, then you might need to re-calculate … quickly!
When there is a non runner on the Betfair and Smarkets exchange they often do not adjust the each way places that the market offers. For example, if a race had 8 runners in, and you have successfully laid your matched betting extra places strategy bets, sometimes you might not be paid-out the extra place. In fact, when it is a normal race, with 8 runners and there is one non runner, this will reduce the places from three places to two. However, the Betfair exchange will still pay out for three places. In these instances, you may need to go back into the Betfair exchange and cash-out your place bet in the three place market and replace the lay in the two place market.
Non runners in extra place races
A future video regarding this can or will be found here in due course.
Back to Each Way Extra Places matched betting
In the video below, I explain how this is typically done and simplify: how to calculate the place portion. Whether it is team profit extra places you obtained the seelction from, oddsmonkey each way matcher or extra places profit accumulator, the same principles will apply.
Extra place matched betting calculator – extra place calculator
This is what usually confuses many beginners – the place part!
But don’t be scared, I’ll reveal all here.
The following Each Way extra place video shows me laying a bet in real time. It also shows how I calculate what the “Each Way” odds are in decimal, and how to do this. Many matched bettors find this the most complicated part as well as the part where you suffer QL’s the most [qualifying loss]. My Members Club will have a whole section regarding Each Way.
If you’re not a video lover, the text below the video gives a written summary. Video is below:
To conclude on the video content:
Although the video contained an each way extra place arbitrage bet, also known as “extra place arbing”, the theory is the same. The video included an extra place race. However, the extra place was only benefited by ONE extra place, which is usually the “norm”.
Extra place calculator – each way profiting
Matched betting blog extra place offers today – Finding the best value
The William Hill offer [of 7TBP] is an ideal example of this. This is sincemost of these races will [usually] offer four places, yet this little beauty of an offer is offering seven! Meaning three more bites of the cherry available!
However, most of the races that these are included in are competitive and you must become a “sniper” when looking for matches.
Don’t try attempt visiting the race and its exchange market ONCE and be able to cover several horses – you can do this, but your QL will be bigger.
If you become a “sniper” and keep checking intermittently throughout the day, it is not unusual to be able to find close enough matches on entire/most of the field. In such an offeras the [7TBP offer] this puts you in a good position … remember … patience and sniping.
Now that Betfair Exchange is available at 2% commissions I have no doubt that when I’m laying my each Way selections that I am more profitable to do this on BETFAIR. Despite paying the 2% Vs 0% that I have available through the Profit Accumulator or Oddsmonkey offer, both of these companies offer 0% commission when you are a member.
Laying my horse bets early, using Betfair, help me lay successfully; I can start looking at the markets very early, intermittently checking as many times as possible – hourly ideally.
With most 0% exchanges the liquidity is far poorer than Betfair. Even when Betfair was 5%, I still opted to lay these kind of bets with Betfair, as I deemed the security of being able to lay early exceeded the benefits of a 0% exchange.
Don’t attempt the scatter Gun approach at one sitting! It will cost you extra QUALIFYING lOSS!
William hill extra places today – five six and seven to be placed offer explained
Horse racing extra place matched betting – final thoughts
We have backed a horse on the 7 to be placed (TBP) promotion, and layed in the 4 TBP market. We have backed a horse at odds 20/1, or 21.0 in decimal format, we have had £10 Each way on. The place odds are quarter [¼] of the odds. Because the PLACE ODDS are a quarter [1/4], we simply divide our 20/1 odds by 4 = 5/1, or in decimal = 220.127.116.11 x £10 = £50 + the £10 stake is returned, as profit … as you have also WON your lay part (£10) of the bet, as well as the win bet.
You may also have to factor-in any qualifying losses you took on this horse and/or any others you have also done.
Each Way opportunities happen very often. So, they are worth mastering from an early stage! Each way extra places have been around for ages and don’t look like disappearing.
Many people think that EXTRA PLACES offers exist only in horse racing, this is not true. Most people think it only applies to Horse and Golf; again, this is not true.
Whilst horse racing will provide many more opportunities annually, there are other markets offering this. Golf is a good one, especially in strong markets such as the US MASTERS. You can see Extra places of 10 TBP with several Betting Companies in these big tournaments.
There are other Each Way markets too, including Greyhounds each way extra places. these are predominantly found at SkyBet. Skybet greyhound extra place offers are by far the best and also the most abundant. Due to greyhounds extra places being a niche market, theer are fears that greyhound matched betting or greyhound arbitrage betting can cause accounts to get gubbed quicker. however, this may not be the case if you was already a greyhound bettor. Coral/Ladbrokes extra place offers can also be found for greyhound racing.
Smarkets and MatchBook. have been increasing the amount of sports and markets they are offering, but niche markets, and in depth greyhound markets can only usually be taken seriously on exchanges like Betfair, where there is far more liquidity.
Extra place offers matched betting alternatives – where else can I profit?
Arbitrage betting for accounts no longer in use
You may wish to consider using Arbitrage approaches to those accounts that you find yourself never using. For example, especially when multi accounting you may have several sets of accounts for bookmakers that rarely, if ever have offers. These accounts could be used in combination with Arbitrage software to extract those final profits before ending them. While arbitrage software is generally more expensive than matched betting software. Companies like ODDSTORM offer one-day memberships for around £6 / 7 euro. Thi would be ideal if you ever wanted to spend a whole day trying to extract those final profits from many accounts!
If you were to do this, we recommend you get up early, to ensure you get your money’s worth!
Each way extra places Betfair alternative – advanced profiting
Our recommendation would be to learn Betfair Trading – before it is too late.
The smart bettors try to learn Betfair Trading during their matched betting careers.
Our Betfair Trading article gives a few tips of where to start. The best takes from this article gives insight into why we think practicing in Demo mode is not a good option, our favourite Betfair trading software and also some Betfair Trading resources you can look at.
Oh before you go, do not forget to subscribe to our YouTube channel. You can find most matched betting topics you wish to look for. Simply click on the search bar and type your subject in. We have around 150 videos and many playlists.
If you’re a beginner you might prefer our Green Hedge channel. The videos posted here are mainly for people in the their first year of matched betting.
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