Very Low Risk Extra Place Betting?

[Garethp123]

Hi,

I have seen videos recently that claim you can place bets on extra place offers with almost no risk.

For example, if the horse finishes 1-3 you break even, if the horse finished 4th or 5th you make a profit and if the horse doesn't place you lose less than 3%

It requires betting on a lot of races to get horses to finish 4th or 5th but over a long period it is always profitable because the extra places offers an edge.

Is anyone familiar with this please?

[jamesedwards]

Hi,

I have seen videos recently that claim you can place bets on extra place offers with almost no risk.

For example, if the horse finishes 1-3 you break even, if the horse finished 4th or 5th you make a profit and if the horse doesn't place you lose less than 3%

It requires betting on a lot of races to get horses to finish 4th or 5th but over a long period it is always profitable because the extra places offers an edge.

Is anyone familiar with this please?

Presumably this is backing each way with bookmakers on their promo place races and laying off on the each way market on Betfair exchange.

Bookmakers will offer poor odds on the each way value horses in these kind of races so you probably need to take SP which means a bit of a gamble on what price you will get. It might work for a bit if you pick and choose the right horses, but the bookmakers will soon restrict your accounts.

[Garethp123]

From the videos it is the bigger races where bookies are competing with slightly better odds.

Can you place the bet in person so you can't be restricted?

books like Mark Jarvis offer a extra place each day.

[Fugazi]

From the videos it is the bigger races where bookies are competing with slightly better odds.

Can you place the bet in person so you can't be restricted?

books like Mark Jarvis offer a extra place each day.

In shop odds are worse. Do it online you'll be gubbed pretty quickly, be lucky to make a couple hundred quid

[ShaunWhite]

Shop e/w odds are worse because they have to factor in the win, Exchange place markets don't, and the exchange each way markets have very little liquidity.

But none of this YouTube 'claims to' stuff works otherwise they wouldn't be mentioning it and just rinsing it themselves. And besides suitable markets don't occur often enough to form a representative statistically significant proof anyway. You're better of spending your time doing it properly than looking for magic maths.

[ruthlessimon]

Personally I’d just back (no lay) any price that’s equal to or better than the exchange (& if it happens to be an extra place race, great, more value). Laying an ew bet late is a nightmare (imo). Even those who can do the maths quick drain their exchange over time, as the edge is at the bookmaker. Smarkets, Betdaq, Matchbook offer 0% comms for a reason

[ruthlessimon]

none of this YouTube 'claims to' stuff works otherwise they wouldn't be mentioning it and just rinsing it themselves.

This is one of those rare occasions where it isnt bs, & more people should be doing it tbh (especially if people in the "real world" really are skint ). The reason its sharable is becuase the lifespan per person is limited. Like sharing a secret fishing spot but the boat is on a timer. Stay at home mums & grannies moaning about losing £300 need to be rinsing bookies

[ShaunWhite]

Stay at home mums & grannies moaning about losing £300 need to be rinsing bookies

Didn't understand this bit?

[ShaunWhite]

Smarkets, Betdaq, Matchbook offer 0% comms for a reason

?
Smarkets is 2% or 3% if you earn more then 25k
Betdaq is 2% and 2%-5% for api users
Matchbook is 2% but earn more than 20k and it's 3.5% per bet, 5% of market profit and 60% of monthly net.

[ruthlessimon]

Smarkets, Betdaq, Matchbook offer 0% comms for a reason

?
Smarkets is 2% or 3% if you earn more then 25k
Betdaq is 2% and 2%-5% for api users
Matchbook is 2% but earn more than 20k and it's 3.5% per bet, 5% of market profit and 60% of monthly net.

This is the whole point though. Youtube, forums, everyone in the matched betting circles has an obsession with laying (& the op seems to wanna go down that route?). But the losses from laying off are so bad many get banned from Smarkets, Matchbook (even Betdaq) for losing too much too quickly, thanks nanny state ( ). They're basically are saying, "laying is gonna ruin your arse, at least let us give you some lube"

[ShaunWhite]

Charging higher fees than Betfair isn't exactly greasing the wheels.
What's the appeal of those 3 vs Betfair?

[ruthlessimon]

Stay at home mums & grannies moaning about losing £300 need to be rinsing bookies

Didn't understand this bit?

Yeah a bit naughty I know I just get sick of listening to lbc etc or these bbc packages, "I'm skint", "my life's shit", "the govt took this" yadda yadda, when there are opportunities out there. Soft bookies being a massive one. Not everyone will kill it and mileage will vary but 10K off 1 set of full accounts is very achieveable, & with a "big family" the sky is the limit.

[ruthlessimon]

Charging higher fees than Betfair isn't exactly greasing the wheels.
What's the appeal of those 3 vs Betfair?

The confusion is becuase you're coming at this from the profitbale trader angle

Matched bettors (especially the arb layers) are a different ilk. They're "misinformed" & generally perversely risk averse - amazing for the exchange though, hence why they are offered 0%.

[ShaunWhite]

.Not everyone will kill it and mileage will vary but 10K off 1 set of full accounts is very achieveable, & with a "big family" the sky is the limit.

Sounds like your bro should ditch his job.

[ruthlessimon]

.Not everyone will kill it and mileage will vary but 10K off 1 set of full accounts is very achieveable, & with a "big family" the sky is the limit.

Sounds like your bro should ditch his job.

Probably yeah.

That said though, and we both agreed (& this goes for anyone thinking of going naughty), it's better that 1 person attacks it, specialises & you literally treat it like a business. You need the right temperament & the right risk mindset to really make the shot count (& you only get one shot). Which bookies have the best odds, which bookies have the best reloads, which bookies have the best boosts, when are the most efficient times to arb. And you really carefully work out how best to use each account. & you wait for the general restrictions before hammering all the accounts simultaneously. But you have to wait & you have to be strategic, otherwise the confiscation risk huge and there's a real potential of wasted accounts. Unibet being a great example, you have to hit it slow. 4 family members hitting the same stuff that's a disaster waiting to happen.