The Extra Place Matcher EV is a value betting tool that specialises in races where bookies offer an extra place. For example on Bet365, they often offer 4 places instead of 3 when betting each way, increasing the expected value of horses placing in the race. This allows you to profit when a horse finishes in the extra place beyond the standard payout range.
The calculator works out each horse's Expected Value (EV) by assessing factors like race size, win/place odds, course conditions, and jockey stats. This data is combined to generate an expected value percentage for each horse hitting the extra place which will produce a return on both the bookmakers each way bet at an extra place and the standard place lay on the exchange.
Before you begin with the Extra Place EV Tool, it is crucial that you have a good understanding of extra place offers. These offers allow you to profit when a horse finishes in a special/extra place beyond the standard payout range. For a comprehensive overview, please refer to our Extra Place Offers guide.
To find optimal bets, focus on the EV % column that reflects the long-term expected profit on a specific selection. For instance, if a horse shows a 117% EV, this indicates an average 17% profit on your stake over time. Keep in mind, however, that this is a long-term expectation and profits will trend towards the EV as you make more bets.
The calculator within the Extra Place EV Tool displays all essential information needed to place your bet. This includes how much to bet each way with the bookmaker as well as how much to lay the win and lay the place with the exchange.
The Extra Place Matcher EV Tool is a powerful yet easy to use calculator for taking advantage of bookmaker’s extra place offers. These offers are widely available amongst most bookmakers in the UK, allowing for plenty of opportunities to find value.
With OddsMonkey, you can gain extra value through our BetConnect integration by reducing commission at exchanges and lowering qualifying losses. This allows our users to keep more of their money rather than pay fees at other betting exchanges.
Using the Extra Place EV Matcher is a great addition to go alongside matched betting. Be aware when betting with an EV-based approach, be prepared for variance in your results. High EV selections will average out to yield profitable outcomes over time. We recommend maintaining a sufficient bankroll to manage these ups and downs effectively.
*DISCLAIMER: We’re legally required to state that there is no guarantee of specific results each month. The amount of money that you earn can vary dependant on the time and effort that you commit each month.
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