What is an extra place offer?

It is when a bookmaker pays out an each-way place bet on more positions than usual for a race — for example the top five instead of the top four. That extra position is where the value sits.

Why lay both a win and a place market?

An each-way bet is two bets, one on the win and one on the place, so it is covered by laying both the exchange win market and the exchange place market. The calculator sizes each lay separately.

When do I make the extra-place profit?

When the horse finishes in the extra place the bookmaker is paying: the bookmaker settles your place part as a winner while your exchange place lay also wins. The calculator shows that figure.

Extra place calculator

Free

Lay the win and place markets for an extra-place race and see the profit if it lands.

Extra place calculator widget

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When a bookmaker pays an extra place (say the top four instead of the top three), an each-way bet backed there and laid on the exchange win and place markets locks in a tiny qualifying loss, and pays a profit if the horse lands exactly in that extra place. Enter your stake, the win odds and place terms, and the exchange win/place lay odds and commissions, to get both lay stakes and every outcome.

What it does

Separate lay stakes for the exchange win and place markets
Place terms of 1/4, 1/5 or 1/6
The qualifying loss if the horse wins, places normally, or loses
The profit if it finishes in the extra place
Runs entirely in your browser

How to use it

1Enter the each-way bet. Type the each-way stake, the bookmaker win odds and the place terms.
2Add the exchange lays. Enter the win-market and place-market lay odds and their commissions.
3Read the outcomes. See both lay stakes, the qualifying loss and the extra-place profit, with one tap to copy each stake.

What powers this

This calculator runs entirely in your browser. There's no account, no API key and no feed, and nothing you type leaves the page. The maths is the same commodity matched-betting and value arithmetic used across the industry, implemented carefully and unit-tested.

Questions

What is an extra place offer?: It is when a bookmaker pays out an each-way place bet on more positions than usual for a race — for example the top five instead of the top four. That extra position is where the value sits.
Why lay both a win and a place market?: An each-way bet is two bets, one on the win and one on the place, so it is covered by laying both the exchange win market and the exchange place market. The calculator sizes each lay separately.
When do I make the extra-place profit?: When the horse finishes in the extra place the bookmaker is paying: the bookmaker settles your place part as a winner while your exchange place lay also wins. The calculator shows that figure.

18+ · Data product for licensed operators. Please gamble responsibly.

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