How to determine profit with Each Way bets?

[David H]

Hi everyone,

I have now got to the point where I am confident enough to give the each-way bets a go: I have watched the video a couple of times on PA, but it doesn't explain how to determine profit?

Thank you!

 

[homie]

PA should have a calculator somewhere like this one, so you can play about with numbers and see what your lays need to be to make a profit. https://matchedbettingblog.com/each-way-calculator/

 

[David H]

PA should have a calculator somewhere like this one, so you can play about with numbers and see what your lays need to be to make a profit. https://matchedbettingblog.com/each-way-calculator/

Thanks for replying.

So, does that mean you only make a profit if the horse does place? I am not sure if I am doing something wrong, as every kind of calculation seems to result in quite a large loss?

 

[homie]

Thanks for replying.

So, does that mean you only make a profit if the horse does place? I am not sure if I am doing something wrong, as every kind of calculation seems to result in quite a large loss?

You're looking for 2 things.

EW arbs
or
EW Extra place races.

Extra place races are best for beginners. I've dabbled and didn't do very well, while other swear by them. I think you have to get close matches to make it worth while. Basically bookies will run an offer to payout extra places than normal, say pay 6 places when normally it would be 4. You back EW at bookie and make 2 separate lays on the exchange, one for win and one for standard place. If the horse wins, or comes in 2, 3 or 4 or comes 7th or worse then you will lose a small qualifying loss, (aim for less than 50p) if it horse comes in 5th or 6th (the extra places in the bookies offer) then you will get a decent win. In big races you can sometimes cover several horses over different bookies. Its not something ive really spent much time on but it is worth a look.

There is more info if you scroll down to the bottom of that link i posted.

 

[Lizziew24]

Been thinking the same @David Hurley !

 

[David H]

You're looking for 2 things.

EW arbs
or
EW Extra place races.

Extra place races are best for beginners. I've dabbled and didn't do very well, while other swear by them. I think you have to get close matches to make it worth while. Basically bookies will run an offer to payout extra places than normal, say pay 6 places when normally it would be 4. You back EW at bookie and make 2 separate lays on the exchange, one for win and one for standard place. If the horse wins, or comes in 2, 3 or 4 or comes 7th or worse then you will lose a small qualifying loss, (aim for less than 50p) if it horse comes in 5th or 6th (the extra places in the bookies offer) then you will get a decent win. In big races you can sometimes cover several horses over different bookies. Its not something ive really spent much time on but it is worth a look.

There is more info if you scroll down to the bottom of that link i posted.

This was a very good explanation thank you - it is definitely clearer now.

However, what I am confused about is how you calculate any profit?

Even if the qualifying loss is say under £1 for all possible outcomes, and say the horse I bet on wins “their place” as it were how do you determine the profit?

In the PA forum the author of it said that around Grand National/Cheltenham etc. they made like £800 on a horse (or horses) but there is no explanation on how this is calculated and this is what is making me so confused.

Like with the standard bet and lay and let’s say for argument’s sake a £20 free bet is awarded: we lay this at high odds and we get £14/£15 back - but this is not explained with the each way bets.

 

[David H]

Ac

You're looking for 2 things.

EW arbs
or
EW Extra place races.

Extra place races are best for beginners. I've dabbled and didn't do very well, while other swear by them. I think you have to get close matches to make it worth while. Basically bookies will run an offer to payout extra places than normal, say pay 6 places when normally it would be 4. You back EW at bookie and make 2 separate lays on the exchange, one for win and one for standard place. If the horse wins, or comes in 2, 3 or 4 or comes 7th or worse then you will lose a small qualifying loss, (aim for less than 50p) if it horse comes in 5th or 6th (the extra places in the bookies offer) then you will get a decent win. In big races you can sometimes cover several horses over different bookies. Its not something ive really spent much time on but it is worth a look.

There is more info if you scroll down to the bottom of that link i posted.

I have just looked down for the additional information. I will read that later because that does explain it. Thank you!!