Sky Bet are extremely popular with online punters thanks to the special promotions they offer all year around. One promotion on offer is the Extra Places on selected horse races.
How many extra places they decide to pay out on is dependant on how many many runners there are in each race. As an example, the bookmaker were paying up to 7 places instead of 4 for the Stewards Cup at Goodwood, providing that there were 20 or more runners in the race. On the same day, they were offering 6 places instead of 4 in a separate race at Goodwood, with the terms of this offer stating that 16 or more runners had to take part in the race. This offer is only available on specific races, and if a race does qualify it will be clearly stated on the webpage for that race. If there are less runners coming under starter’s order than the terms outline, then standard Each Way terms will apply and the offer will not be eligible. One aspect that makes this offer attractive is that the winnings are paid entirely in cash.
As it can be difficult to find good matches on some each way horse racing bets, this makes it more difficult to hit the extra place. Therefore, we would advise that you only attempt this offer with very good matches between the odds at Sky Bet and those on the betting exchange. If you do find a good match, you will then be able to back and lay a selection for a minimal qualifying loss or perhaps even a small profit each time, giving you many chances of landing the extra place bonus over time.
When using matched betting, we can potentially add to our profits. The way we do this is to back a horse each way on Sky Bet on the extra place market and then lay against the same selection finishing in the place positions on the exchange using the normal place market. Taking the above 7 places offer on the Stewards Cup at Goodwood as an example, as it pays 3 extra places than the standard 4 places, you would back a selection Each Way on the 7 place market and lay against that selection using the normal 4 place market. This means that if your selection finishes 5th, 6th or 7th, both of your bets will win, giving you a potentially big profit.
It must be stressed that before attempting this offer, you need to know how to both place and lay an Each Way bet. Here at MatchedBets.com, we have an extensive article explaining the process that can be found in our Information Centre, available to both Premium and Trial members. Our matched betting calculator can also be used to work out the ideal lay stake for both lay bets.