Totesport have a long history with horse racing betting, so it is no surprise that they list special horse racing promotions all year around. One particular offer on the site at the moment is Extra Places on Each Way bets for specified races. This only applies for the Winner or Each Way market only, and does not apply to ante-post bets.
Only races that are selected by Totesport will be eligible for this offer. These races will be listed in the promotions section of the bookmaker website. As an example of the types of races they list for this promotion and how many places they pay for each; 5 Places (1/5 the Odds) – 13:50 Goodwood & 15:05 Galway, 5 Places (1/4 the Odds) – 15:35 Goodwood and 4 Places (1/5 the Odds) – 14:05 Newmarket. These were the offers for the day on Saturday 5th August. The number of places the bookmaker pays depends on how many runners take part in each race. Totesport state that if there are fewer than 10 runners, they will pay 3 places and if fewer than 16 runners they will pay 4 places at 1/5 odds. Dead heat rules apply, and the offer can be used with both single and multiple bets. The Extra Places offer is a popular one due to the fact that winnings are paid directly in cash.
When we use matched betting techniques for this offer, we can potentially make a profit. Though there is no way to guarantee a profit here, if we find close enough matches the offer can be played through with low qualifying losses each time, meaning that we can have many chances of hitting the Extra Places for very little risk. As it can be difficult to find good Each Way matches on some occasions and it can be hard to hit the Extra Places, we advise that you only attempt the offer with very good matches.
In order to make this offer valuable, you will be placing an Each Way back bet on a horse at Totesport on the Win and Each Way market to qualifying for the Extra Places Offer and then lay against your selection ending up in the place positions on a betting exchange, using the normal place market. For example, for the 1.50 at Goodwood where they are paying 5 places instead of the normal 4, you would back the horse Each Way on the special 5 place market with Totesport and place a lay bet on the exchange using the normal 4 place market. Thus, if your selection finishes 5th in the race, you will win both bets and make come out with a profit.
Before attempting this offer you will first need to learn how to place and lay each way bets. For more information on this, you can go to our Extra Places article in the information centre of MatchedBets.com, which is available to all Premium and Trial members. Here, we explain how to place the 2 lay bets you need to cover both the win portion of your back bet and the each way portion. Then, with the help of the matched betting calculator, Extra Place offers will become second nature.