Extra place offers have been very profitable during Royal Ascot 2016. Bookmakers are fighting for your custom, as they do at any festival and they are constantly trying to out-do each others on the offers.
Fortunately, this has been very kind to me!
Wednesday morning Bet365
revealed they would be paying out on 5 places, when all other bookmakers were paying out on 4.
This means that if I back a horse each way, it would win if it came in the top 5.
What's profitable about that?
The great thing about this, is that the betting exchange count the 'each way' bet as TOP 3 in most cases.
This means if our horse finishes 4th or 5th, we would win both the Bookmaker bet, aswell as the exchange bet!
How can I maximise Profit?
Unfortunately, unless you dutch the horses you cannot guarantee profit. However, with so many bookmakers doing the enhanced place terms, you can cover a lot of the field. I covered 5 horses in the 15:40 at Royal Ascot and two of these horses finished 4th and 5th, meaning a payday of £405 for one race!