📝 Post Summary
If you're into horse racing, the Cheltenham Festival is a prime spot to amp up your betting game, especially with extra place offers that give you more chances to win on each-way bets. Bookmakers like SkyBet and Ladbrokes often provide these promotions, allowing you to bet on more placements, which means better returns if your horse finishes in the top spots. Just be sure to check the specifics of each offer!
With the world of horse racing being full of different betting techniques and strategies, events such as the Cheltenham Festival provide lots of great betting markets. Featuring the most well-known horses, talented jockeys and established trainers in the sport, this festival promises lots of great horse racing action. Cheltenham Festival is four days of high-intensity horse racing action, making it the perfect place for avid bettors to make the most of their betting techniques. One of the most popular betting techniques in horse racing is the each-way bet, which can be enhanced by extra place offers.
These offers mean that bookmakers will offer more places, offering bettors more insurance on their each-way bets as there are more positions for the horse to place and, therefore, make a return. Here at OddsMonkey, we are going to look through some of the examples that we have seen in the past, how these offers work, and how bettors can use the tools at OddsMonkey to make the most of these offers.
Extra Place Offers
In horse racing and other sports, such as golf and motorsports, users can place bets in different ways. Some markets mean that even if the selection does not win, the bettor can still make a return as long as the horse, car or player finishes in the place positions. The place positions are usually in the top 3 or 4, but this can vary depending on the number of entries. For example, if there are only a couple of horses racing, then the place positions might only be the top two.
When it comes to extra place offers, these allow one or multiple spots in the race to be placed by specific bookmakers. For example, if a race has three places, a bookmaker might allow four or even five places. Not only does this promo provide extra insurance for bettors’ selections, but it can also be used alongside matched betting techniques, allowing users to minimise the risk of losses.
Now that we know what these offers are, we will look at real-life examples from various bookmakers; some will be from last year’s Cheltenham Festival, giving users a taste of the types of offers available.
Examples Of Extra Place Offers
SkyBet is known to offer extra places on selected horse races throughout the entire horse racing calendar. For Cheltenham, in the past, they have been able to offer places for positions all the way down to 7th place, which is an interesting offer.
Ladbrokes offers extra place promotions on selected horse races that can pay out up to six places at odds of 1/5. It is important for users who want to make the most of the Ladbrokes promotions to read the terms and conditions of the promotion before taking part.
Most of the promotions offer the same type of deal, with extra places in the races being available for Each Way bets. However, it is important to check if it only involves certain odds or specific races. Now that we have seen some specific examples, we are going to look through some of the ways that OddsMonkey can make the most of these offers and how they can be included in your betting strategy.
Extra Place Offers For Cheltenham
In typical OddsMonkey style, we always find a way to make the most of these offers, and one of the ways is through value betting. Through the Extra Place EV tool, users can see which extra place races are worth placing each-way bets on, as the tool will do all the hard work for you, with the tool producing a clear way to read if the bet is worth it or not. This tool displays which bookmaker to place the bet with and which betting exchange to place the lay bet with.
By making the most of both back and lay bets, players can create matched betting scenarios that can lower risk. Each-way betting can be confusing, so we created an each-way betting guide that covers all the essential information.
OddsMonkey is not only great for horse racing betting scenarios, but the site also has different tips and guidance on a variety of sports, including our football betting guide and boxing betting guide.
Cheltenham Extra Place Offers FAQs
Extra place offers can be one of the most valuable betting promotions available during the Cheltenham Festival, but they can also be confusing, especially for bettors new to each-way betting or matched betting strategies. With different bookmakers offering varying numbers of places, odds restrictions and race eligibility, it’s important to understand exactly how these promotions work.
Below, we’ve answered some of the most commonly asked questions about extra place offers at Cheltenham:
Which bookmakers offer extra places at Cheltenham?
Several major bookmakers regularly offer extra place promotions during the Cheltenham Festival, including Sky Bet, Ladbrokes and others. These offers typically apply to selected races, often large-field handicaps, and may vary day by day. Always check the bookmaker’s terms and conditions to confirm the number of places and the odds requirements.
What are the best Cheltenham races for extra place betting?
Extra place betting works best in large-field handicap races, which are common at Cheltenham. Popular examples include the Ultima Handicap Chase, Coral Cup, County Hurdle and Grand Annual. These races often have 20+ runners, making extra place terms especially valuable.
Can extra place offers apply to non-handicap races?
While extra place promotions are most commonly found in handicap races, they can occasionally apply to non-handicaps, especially when fields are large. However, handicaps remain the most reliable race type for finding consistent extra place value at Cheltenham.
