What Are Extra Place Offers?
An extra place offer is a bookmaker promotion—often on horse racing or golf—where more finishing positions than usual qualify for a payout.
For example, instead of paying the top three places, the bookmaker might pay the top four or five.
Oddsmart have developed our Extra Place Matcher tool, which lists Extra Place offers from leading bookmaker, coupled with matched bets.
For example, instead of paying the top three places, the bookmaker might pay the top four or five.
Oddsmart have developed our Extra Place Matcher tool, which lists Extra Place offers from leading bookmaker, coupled with matched bets.
Understanding Each-Way Basics
An each-way bet comprises two separate stakes: the “win” part (selecting the winner) and the “place” part (selecting placement in a predefined number of positions, e.g., top 3).
Standard place terms depend on field size: larger races usually pay 3 places at 1/5 odds fraction, smaller fields often only pay 1st–2nd at 1/4 odds.
Standard place terms depend on field size: larger races usually pay 3 places at 1/5 odds fraction, smaller fields often only pay 1st–2nd at 1/4 odds.
How Extra Place Offers Work in Matched Betting
Matched bettors back an each-way selection with a bookmaker offering extra places, then lay both the “win” and “place” parts at the betting exchange:
Back
Each-way back at bookmaker with, say, top 4 placements paying instead of standard 3.
Lay
Lay both the win and standard-place at exchange (which only covers regular number of places).
Back
Each-way back at bookmaker with, say, top 4 placements paying instead of standard 3.
Lay
Lay both the win and standard-place at exchange (which only covers regular number of places).
Tools & Strategy Tips
Extra Place Matcher tools—such as those from OddsMonkey or AiProfit—scan live bookmaker and exchange odds and calculate stake sizes, implied odds, qualifying losses, and potential profit automatically.
Key strategy tips:
Summary Table
| Feature | Explanation |
|---|---|
| What it is | Bookmaker pays extra finishing positions beyond standard for placements |
| Matched betting method | Back each-way at bookmaker + lay win & place on exchange |
| Profit scenario | Horse finishes in “extra place” (e.g., 4th) → both back and lay place win |
| Risk | Small qualifying loss if extra doesn’t land |
| Best tools | Extra Place Matcher, each-way calculators |
| When to use | Larger fields, festivals (e.g., Cheltenham, Goodwood), golf tournaments |
In short: Extra Place Offers are advanced matched-betting opportunities where bookmakers pay more placement spots than exchanges cover—letting you secure sizeable profits for a small downside.
Use smart tools and strategy to spot, calculate, and execute these bets efficiently.
We provide our members with customer support by email, and we also have these useful resources:
Use smart tools and strategy to spot, calculate, and execute these bets efficiently.
We provide our members with customer support by email, and we also have these useful resources:
You may also find these tutorials useful:
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