recommend starting with £2 each-way stakes at first until you get the hang of things and can quickly place your bets.
As you get more experienced, you can start to consider Implied odds and the Value Betting strategy,
5 - Always Double Check Your Extra Place Bets
Little mistakes can happen, like not ticking the each way box at the bookmaker, laying the wrong amount or laying the wrong horse.
6 - Filter Out Horses That Are Strong Favourites Or Big Outsiders
These horses are thought to be much less likely to finish in the extra place position so this is why we recommend excluding them initially.
recommend setting the minimum odds to 3.0 and the maximum odds to 25.0. This way the Extra Place Catcher will not show any horses that are strong favourites or big outsiders.
Once you get more experienced, you could consider increasing the maximum odds limit that you follow to include outsiders with larger odds.
they can sometimes offer very large potential profits for small qualifying losses.
best extra place opportunities tend to be on ITV Racing days and during major racing festivals.
Typically we want to focus on races where there are fewer runners, or where the bookies are offering more than one extra place.
some races where the bookies are paying two, maybe even three extra places. These are definitely races to focus your attention on, because these additional extra places significantly increase your chances of making a profit.
chances of picking the horse that finishes in the extra place will be much higher in the race of 7 horses than in the race of 12 horses.
9 - Keep A Record Of Every Extra Place Bet
keep track of your results and will help you to refine your strategy over time.
We would recommend creating a spreadsheet with the following columns: Race Time Horse Name Back Odds Win Lay + Place Lay Odds Implied Odds Qualifying Loss Potential Profit Overall Result - did you make a profit or just a qualifying loss?
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