Matched Betting Extra Places: Ultimate UK Guide
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Matched Betting Extra Places: Ultimate UK Guide.
Match Betting Extra Places: Making Profit From a Clever Strategy
Are you already familiar with the basics of matched betting but looking to take your profits to the next level? If you've read our comprehensive guide on matched betting essentials, you're in the perfect position to dive into this advanced, yet risk-free, strategy of match betting on extra places.
This guide simplifies the complex world of extra place betting, making it accessible even for beginners. Uncover how this tactic can substantially increase your earnings in events like horse racing and golf, all while maintaining the risk-free nature of matched betting.
Read on to master the art of matched betting extra places, optimise your betting techniques, and maximise your profits.
key takeaways
| Focus Point | Insightful Takeaway |
|---|---|
| Understanding Matched Betting | Matched betting is a risk-free technique for profiting from free bets offered by bookmakers. |
| Extra Places Explained | Extra places allow you to earn additional income in events like horse racing and golf. |
| The Role of Bookmakers | Bookmakers add extra places as promotions, providing another avenue to increase your earnings. |
| Each-Way Betting | Placing each-way bets allows you to double your stakes and cover more outcomes. |
| Minimising Risk | Utilise matched betting platforms like Outplayed and OddsMonkey. |
Matched Betting Extra Places 101
For the uninitiated, matched betting is a risk-free technique that lets you profit from the free promo bets offered by bookmakers. By placing lay and back bets, you cover all outcomes, making it a risk-free endeavour. In a favourable outcome, you can earn more free bets or a small profit.
Matched betting extra places can help you increase your earnings by taking advantage of an additional place in events like golfing and horse races. This means that not only can you earn money if the horse or golfer you've backed wins, but you can also earn if they finish in one of the additional places promoted by the bookmaker.
Bookmakers usually add these places as promotions. You bet on these places to earn additional income aside from what you can earn if a horse or player you bet on wins.
Defining Matched Betting Extra Places
For now, we will stick to horse racing as an example to make things more understandable. The sport also encourages the most amount of matched betting on extra places.
Imagine a horse race setup where you can bet on different outcomes. In standard betting, you bet for a horse to win. You can also bet for a horse to place. For example, you think that a horse will place among the top three, so you bet that they do.
The amount of places available depends on the number of racing horses. A race with just two to four horses will have no additional places. On the other hand, a horse race with eight or more can have as many as three places.
Each-way betting is the term bettors use when betting on a horse to win and a horse to place. Bookmarkers pay for one or two places, but in a promotion, they pay for three. This means that your back bet (where you bet that a horse will win) pays one more place than your lay bet (your bet that the horse will lose).
Let’s say that your horse reached the place you bet on, but the horse you bet to win did not. In this scenario, your lay bet and back bet won. Now you’ve made a profit, which is almost guaranteed given the risk-free nature of matched betting!
Finding Matched Betting Extra Place Offers: Platforms To Use
Most existing matched betting websites also have integrations that can help you find extra place offers. In this case, we will use Outplayed, one of the most trusted matched betting platforms in the UK. It has many integrations and tools, but for now, let’s focus on its “Extra Place Catcher.”
The Extra Place Catcher is a dashboard that shows a few things:
- Extra places
- Most profitable horses for a race based on their ratings
- Your qualifying loss
- Possible profit you can make
Given that horses will not always place where you bet, you could still get stuck with the qualifying loss. You can still bet for multiple horses, but make sure not to bet with the same bookmarker. You could end up gubbed, which is when a bookmarker flags you for using too many free promos. They may restrict your account or remove your right to play with free bets.
You can also use
Oddsmonkey.com
which also offers matched betting extra place tools and calculators.
Placing an Each-Way Bet at the Bookmaker
Now that you’ve found the free additional places, the next step is placing your each-way bet. Find the bookmarker icon on the Extra Place Catcher dashboard. Click it to visit the bookmarker page with race information.
When you’re on the bookmarker page, choose “each-way” to bet. This will be your back bet. By betting each way, your stakes double, so if your stake is £10, your bet will actually be £20.
Now that your back bet is in place, you can now place your lay bet. You must place two specific lay bets: the horse not winning and the horse not finishing in the place on your back bet. Horse racing is finicky, so if the odds change, you can still adjust your Extra Place Catcher for updated lay stakes.
Some Helpful Tips for Matched Betting Extra Places
Before diving into matched betting extra places, keep the following tips in mind. These can help you minimise loss and avoid common pitfalls.
Starting Small
As we mentioned above, horse racing odds are always changing. Before the odds change, you will need to have your three bets in place. If the odds aren’t in your favour, you could lose money, so make sure to start small. As your confidence increases and you become more familiar with the process, you can gradually up the stakes.
Understand That Your Stake Doubles
Beginners often forget or are unaware that since they’re placing two bets in one, they double their stakes. You may not have enough money in your betting account or at the exchange. You could end up wasting your time. Make sure that you understand this fact about matched betting for a hassle-free experience.
Keep an Eye Out for Non-Runners
Non-runners are horses that are supposed to race but have to drop out due to various reasons. In this case, your bet can go in two directions.
- If the horse you bet on is a non-runner, the bookmarker voids your bet.
- If you didn’t bet on the non-runner, the bookmarker adjusts your bet.
FAQs
Final thoughts
Now you know how to take advantage of additional places in horse race betting and other similar events. By match betting extra places, you can earn additional profit compared to standard match betting practices.
Make sure to take advantage of the platform features mentioned that help you find extra places. Use these tools to maximise your profit and minimise your qualifying loss, all while enjoying the benefits of a risk-free matched betting system.
BEFORE YOU GO...
Mastering the art of matched betting extra places is just the beginning. Imagine the profits you could unlock with advanced strategies like reload offers! Just as the best punters never rest on their laurels, you too should continue to refine your matched betting skills.
Don't miss our next comprehensive guide: MATCHED BETTING RELOAD OFFERS AND WHERE TO FIND THEM. It's your road map to maintaining a steady stream of income even after you've exhausted the initial free bets. Consider it essential reading for anyone serious about maximising their matched betting potential.
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One-Minute Podcast – Matched Betting Extra Places: Ultimate UK Guide
Welcome to the Sidehustles.co.uk One Minute Podcast. In the next 60 seconds, we're sharing a real-world insight from our network of seasoned side hustlers. This quick tip is designed to offer you practical advice that you can apply immediately in your side hustle journey.
Today, we're talking about finding and using Matched Betting Extra Places. However, even if you're not into betting, there's a lesson to be learned from the world of matched betting that you can apply to your side hustles. It's all about reducing risk and maximising returns. In matched betting, you place multiple bets to cover various outcomes, ensuring a profit regardless of the result. In your business, think about diversifying your revenue streams or creating fallback options for your plans. It's like hedging your bets. You may not hit the jackpot every time, but you'll create a more stable, risk-free environment for steady profits. Small, consistent wins can add up to big successes.
That's your one-minute real-world insight. Stay tuned for more!
We explicitly do not advocate gambling. Our focus is exploring legitimate side hustles, including matched betting, which is mathematically designed to be risk-free. Be aware, human error and rare instances of bookmakers withholding bonuses can introduce risk. Profits vary with time and effort. Read terms carefully and proceed with informed caution.
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Matched Betting is for over 18s only and requires the placement of bets on gambling sites. If you do have any concerns about gambling, please get in touch with
GambleAware.
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