For certain major horse races throughout the year, 10bet offer their customers the chance to get paid out for Extra Places when you place a bet on the Win and Each Way market. Though this offer is not available every day, it is offered for big race meetings. For example, the offer was listed throughout Cheltenham Festival. The offer applies to the Place portion of your Each Way bet.
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As an example of this offer, if you had placed a bet on the 14:10 on one of the days at Cheltenham Festival, 10Bet would pay you out for 5 places rather than the usual 4, providing that 10 or more horses ran. 10Bet pay 1/4 of the odds, so you will need to remember this when calculating your bet later in the process. For the purpose of the offer, the number of horses classed as running is the number that line up for starter’s orders. Many people have become fond of this offer due to the fact it can offer big wins if you hit the Extra Places and all winnings are paid in cash rather than free bets.
Although we cannot guarantee a profit from this offer, there is a potential profit when matched betting. As it can be difficult to find good matches on Each Way selections and the fact that it it is also very hard to hit an Extra Place, we advise that you only attempt this offer if you are able to find very good matches between 10Bet’s odds and those on the exchange. If you are able to find good matches, it will allow you to play the offer for minimal qualifying losses each time, meaning you will have plenty of chances to land the Extra Place at very little risk. If your selection does finish in the Extra Place, you could come out with big profits.
The process for this offer is to place an Each Way back bet on a selection with 10Bet on the Win and Each Way market and place a lay bet against the same selection finishing in the places on the exchange using the standard place market. Taking the 5 places at Cheltenham offer as mentioned earlier as an example, since this offer pays 5 places instead of the normal 4, you could back the selection Each Way on the 5 place market and place a lay bet using the normal 4 place market. This then gives you a crossover period where, if your horse finishes 5th, both of your bets win. This could potentially be extremely profitable.
In order to play through this offer fully, you will need to know how to place and lay each way bets. For information on how to do this, please head to our Extra Places article in the information centre section of MatchedBets.com. This is available to all of our Premium and Trial members. Our matched betting calculator will also work out the ideal lay stake for the 2 lay bets you will need to place. These will cover both the win and each way portions of your back bet.