Extra Place Offer Matched Betting {Step by Step Tutorial}

TL;DR

Learn how to take advantage of extra place offers in match betting to maximize profits by placing multiple bets.

Transcript

hi guys in this video i want to explain to  you how extra place offers work in match   betting step by step and how you can take  advantage of extra place offers and lock in   some big profits using this kind of offer now this  offer just a disclaimer is pretty difficult when   you first start match betting so really take your  time and try and und... Read More

Key Insights

• 🐎 Extra place offers in match betting can be confusing, but the profits can be huge once you understand how they work.
• 🧩 Extra place offers involve placing three different bets: one with a bookmaker, two lay bets with an exchange.
• 👉 In extra place offers, if you back a horse to win and it finishes in the specified extra place, you will still get a payout based on the odds (usually one-fifth).
• 💰 Match betting requires back bets on the horse to win and on the each-way placing of the horse, as well as lay bets on the horse not to win and not to finish in the specified extra place.
• 📊 The Extra Place Matcher on Odds Monkey is a useful tool for finding extra place offers and calculating potential profits.
• ⚡️ The rating on Odds Monkey's Extra Place Matcher helps to minimize qualifying losses and maximize potential profits.
• 🔄 Placing the back bet with the bookmaker, lay bets on the exchange, and the extra place lay bet if the horse finishes in the extra place all need to be executed.
• 💡 Practice on small stakes first to gain confidence in using extra place offers for match betting and locking in profits.

Questions & Answers

Q: How does an extra place offer work in match betting?

In match betting, an extra place offer involves placing multiple bets, including a back bet with a bookmaker and lay bets on an exchange. If the horse finishes in the extra place specified by the bookmaker, you can profit from this offer.

Q: What is the significance of the rating in extra place betting?

The rating represents how close you can get to a zero pound qualifying loss. A higher rating, ideally 95 or above, indicates a better match and higher potential profits.

Q: Can you explain the process of placing extra place bets using the extra place matcher software?

The extra place matcher software helps you find and filter extra place offers from different bookmakers. It guides you through placing each bet, including back bets, lay bets, and place lay bets, ensuring you can take advantage of the offer.

Q: What are the potential profits and qualifying losses in extra place betting?

The potential profits depend on the odds and stakes used in the bets. If the horse finishes in the extra place, you can make a significant profit. However, if it doesn't, there may be a small qualifying loss, usually less than the potential profit.

Summary & Key Takeaways

• Extra place offers involve placing three different bets: one with a bookmaker, two lay bets on an exchange.

• By placing these bets strategically, you can profit if the horse finishes in the extra place designated by the bookmaker.

• It is important to understand the different elements of the bet, such as each way stakes, back and lay bets, and the implied odds.