Extra Places (EPs) Calculator
Back Bet (Bookie)
Lay the Win (Exchange)
Lay the Place (Exchange)
| Outcome | Bookie | Exchange | Total |
|---|---|---|---|
| First place | – | – | – |
| Standard place | – | – | – |
| Extra place 🎉 | – | – | – |
| Doesn’t place | – | – | – |
How It Works
Extra Place Offers
An each way bet contains two halves. One half is for the selection to ‘win’, and the other is for the selection to ‘place’, which means finishing in the top number of positions in an event. For example, a horse finishing in the top 3 in a race. If your selection places, that half of your each way bet is paid out at a fraction of the ‘win’ odds.
The Opportunity
An opportunity to profit arises when a bookmaker pays out an ‘extra’ place on an event. Horse races and some golf tournaments are where this offer most commonly appears. For example, a horse finishing in the top 4 positions rather than the usual 3.
The Magic Moment 🎉
Normally we take a small qualifying loss, unless the horse/player finishes in the extra place then the profit will be huge because both the back bet for the place and the lay bet for the place win – DOUBLE BOOM!