ultimately it all comes down to this after 233 extra place races targeted or
more specifically extra places targeted let's find out exactly how much profit i've earned
from doing this so in this video i thought i would share with you my routine and my extra
play strategy and see if i'm able to pull out a profit from all the different bookmakers when
running this strategy so as many of you might know i've made quite a lot of money over the last few
years from match betting and a large chunk of it and a large portion of that cache has come as a
result of using this guy right here on oddsmonkey the extra place matcher if you want to check out
oddsmonkey for free and have a go at running your own value each way strategy my link my free trial
link is down below in the description now full disclosure i haven't actually run my each way
extra places strategy for quite a little while now as i've been quite heavily focused on developing
my trading strategies over on betfair and over on the exchange okay so we have a look at this piece
of software right here the extra place matcher the obvious question to ask yourself when you
first start looking into doing a strategy like this is where exactly do you start
logically all that we can say looking at this objectively is that a match like this a 97
match is almost certainly going to make money over the long term whereas a match like this
an 80 match just below is likely to lose money over the long term now to work at the expected
value that is very very complicated to do and i won't bore you but ultimately it involves working
out the horse's chance or the odds that it has all finished in the extra place position and then once
you've got that you can slowly start to derive the ev but what i did is the next best thing
and it's helped me pull out a profit month after month when i've run this form of each way value
betting strategy in the past i collected lots of data on many different horse races thousands of
different horse races ultimately that data shows me what percentage matches positive
are almost certainly positive under different circumstances within different kinds of horse
races so i do think it's important to say that that's what i base my each way selections on
that is what i base my extra place selections on i don't just make up some random arbitrary
rule which doesn't really make any sense from a mathematical perspective and go yep that's
positive or no that's negative because obviously if you're just doing that and you're just making
up an arbitrary rule best case scenario you might make a small profit but you'll heavily limit
yourself worst case scenario and a scenario that a lot of people find themselves in is they just
end up costing themselves money and find that they're in a losing strategy so anyway we're
not going to waste any more time and i'm going to get on my first extra place so i've got on the win
in each way with this runner right here i'm now going to lay the win and the place both on markets
and so it begins that's the first extra place that i've got on
so that race is now concluded now what i'm going to do is i'm going to use this website right here
and this is going to let me on the results of the race and as you can see this is actually a
winner so the horse that i was getting on actually landed within the extra place that i wanted it to
so obviously it's a good start to the strategy it's the first extra place and the first profit
but it's way too early to get carried away so what i'm gonna do is i'm gonna quickly jump onto extra
place race number two so this time i'm going to be going after this runner right here as it's a
volume match based on all the information that i've collected so the same premise again i've
backed the win and the each way with the bookmaker i'm now laying off the win and i'm laying off the
place and i'm hoping to it a nice big profit if the horse lands within the extra place now quite
often when i'm using this strategy i'm staking in accordance with the opportunity the opportunity is
really big i'll stake large and if the opportunity isn't quite as big i'll normally stake not quite
as large to mitigate my downside if i don't hit the extra place and obviously maximize my upside
when i have the advantage so that race is just finished a few minutes ago and i've jumped over
to this website right here and hopefully this site is going to give me the result that i want that
being my runner landing in the extra place so as you can see the runner that i got on unfortunately
i ended up winning the race which obviously sounds a little bit counter-intuitive to anyone who comes
from a recreational background we wanted the runner to land in the extra place position that
didn't occur so i'm going to take a qualifying loss on this runner that's obviously one win
and one loss now typically the pattern with this type of strategy is it's low strike rate so you
lose very often and you win infrequently but if you're doing this correctly and you have an
edge over the bookmakers when you do win it will wipe out all those small little losses
you're taking along the way and it'll leave you a nice chunk of change left over on top of it
and that will continue over and over again until you decide to stop running your strategy so i
start to work my way through lots of different extra places across many different races now to
be honest running an extra play strategy like this isn't the most exciting thing in the world it's
all about consistency and targeting long-term value matches doing that generally provides a
nice profit over the weeks and months of running this strategy but i have to say it hasn't been
looking good at all to start with as i've lost on race after race after race and as a result i've
been taking a small qualifying loss each time in relation to the stakes that i'm using okay guys so
i've got on about 34 value extra place each way matches and disregarding the first match that
i got on which obviously was a winner since that time i've actually had no further winners so i've
lost on every other extra place and none of the horses that i've got on have landed in the extra
place position so obviously i'm at a loss and i'm actually at a pretty significant loss because of
the stakes i've been using predominantly and that is roughly about 110 to 115 pounds so
not ideal not the best start for this video and the best start for running this strategy obviously
but the common sense part my part my brain tells me that there's just natural
variability within within the way in which the odds work and when which probability works
and hopefully that will probably just turn around as i get further into the future and get on more
extra places and get more samples within my data but there's only one way to find out
for sure so what i'm gonna do is i'm gonna get on some more extra places and hopefully
this starts to turn around and doesn't get too painful so continuing where i left off it's more
of the same targeting long-term value each way matches that on average will provide more profits
in the amount of time it will take for them to hit in relation to the losses it will cost
waiting for that ep to hit so again the negative patch continues to occur as i continue to lose
small amounts as my horses don't seem to want to land within the bookmaker's extra place position
now this of course is painful and a lot of the time you just have to put your emotional part of
your brain aside trust in what you're doing and trust that you have an edge over the bookmakers
okay guys so after getting on about 54 extra places i'll finally start to hit a few winners
and make a few profits now because i've got on such a big massive downswing i'm actually still
negative in profit by maybe 20 or 30 quid or something like that but i'm hoping this is now
going to turn around hopefully the downswing's over and hopefully my profit will slowly start
to head up in the other direction so i continue playing my way through value each way matches
targeting the bookmaker's extra place promotion now as i anticipated the downswing and the bad
spell of variants slowly but surely he's starting to turn around as i start to accumulate more and
more wins now when you're running a strategy like this correctly each win that you accumulate will
wipe out a huge chunk of your qualifying losses and you'll find that this is a typical pattern
you'll find within your profit and loss all right guys i'm pleased to say that that variance that
downswing i was having at the start this video looks to have finally finally dried up and i'm
now really starting to smash into these extra places and i'm in a decent profit now if you are
interested in learning exactly what my strategy is and what i'm looking for with these extra places
you know so what percentage matches are positive what percentage matches are negative what's going
to make money over the long term i've just set up a patreon page which i'll leave the link to
down below in the description of this video where i basically have consolidated everything i've i
know and i've learned about extra places and this strategy over the few years that i've been doing
it along with that you can also follow along with my betfair trading career and you can look at some
of the trades that are making me a profit some of the trades that i'm cutting out for a loss on
detailed overview of how i'm trading and what what exactly i'm doing over on betfair and if you want
some much better spreadsheets and low risk casino spreadsheets i've also got them available on my
patreon page as well so i'll leave the link down below in the description if you do want to check
it out and see if it's for you but anyway i think i'm just going to get on a few more of these extra
places so let's bring it to a close let's get on a few more eps and let's see if we can end
this strategy with a bang so getting on some final extra places to wrap up this strategy the same
pattern of lots of small losses and the occasional large win continues to occur and as a result my
profit slowly starts to diminish for a little while then i land an extra place which gives
me all the profit i lost back plus a nice little bit of extra profit on top of it okay guys so i
think i'm going to wrap it up though i'm getting a little bit bored a little bit tired of doing these
but ultimately it all comes down to this after 233 extra place races targeted or more specifically
extra places targeted let's find out exactly how much profit i've earned from doing this
wow not too bad pretty pleased with it actually so my overall profit from running this strategy
is 724 pounds 78 i had 206 losers and i had 27 winners and my strike rate between the two is just
over 13 and all that was left mate with a nice profit now granted i would have probably had a few
hundred quid more if i didn't go on that downswing at the start of this video but ultimately who
cares you know profit is a profit i've done my very best that i could but next up you should
check out this video i've popped up on screen and that will show you four sneaky hats you can
apply when you're doing your extra places which will hopefully make you more money from your eps