With the world of horse racing being full of different betting techniques and strategies, the Cheltenham Festival is one of the biggest and best horse racing meetings, filled with the most well-known horses, talented jockeys and established trainers. 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 bets, 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 users 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. This means that even if the selection does not win, the bettor can still make a return as long as the horse finishes in the place positions. The place positions are usually around the top 3 or top 4 positions of the race, yet this can change depending on how many horses are taking part in the race. 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 offers allow for one or multiple spots in the race to be placed in positions from specific bookmakers. For example, if a race has three place positions, a bookmaker might allow for there to be four place positions or even five place positions. Not only does this promo give extra insurance to bettors’ selections, but it can also be used hand in hand with matched betting techniques, allowing users to minimise the chance of losses.
Now we know what these offers are; we are going to look at some of the different real-life examples that are available through different bookmakers; some of them will be past examples from last year’s Cheltenham Festival, giving users a taste of what type of offers are 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 quite impressive!
Ladbrokes offer 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. 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 At OddsMonkey
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 are able to form matched betting scenarios where players are ensuring they will not lose any funds from the bet. Each-way betting might be quite confusing, which is why we have created an each-way betting guide, which goes through all the essential information on each-way bets.
OddsMonkey is not only great for horse racing betting scenarios, but the site also has different tips and guidance on football betting and boxing betting!
