There’s a spot more to placing each way bets than straight-up bets, because of the double-bet, pays for places blah, blah scenario. But thanks to our Each Way Matched Betting Calculator, we can figure out any potential each way bets that take our fancy with a few quick clicks and remove the blah from our lives altogether.
We can find each way bets in all sorts of sports and markets, but because each way bets are most commonly found in horse racing we shall proceed using horse racing examples. Horses for courses? (Tumbleweed.)
When we place an each way bet, say £10 each way, we are essentially making two bets. We are betting £10 that Another Horse will win a race; and we are betting £10 that Another Horse will place in that race. And by place, we commonly mean will finish in the top three or four - though this depends on the number of runners in the field. Sometimes, often during big race meets like the Grand National Festival at Aintree and Cheltenham Festival, bookmakers offer extra each way places to entice punters to bet.
If our horse wins the race we receive the full odds payout, say 10/1. But place wins will incur a reduced odds payout - often 1/4 or 1/5 odds. Odds of 10/1 would leave our place win payout at 2.5/1 at 1/4 to place odds.
Our Each Way Matched Betting Calculator asks for the race details. Let’s say we’ve chosen Another Horse in the 2.35 at York. We can see that our “favourite” bookie is offering payouts of 1/4 for each way wins, so we select 1/4 from the Back Place Payout box. We know that our bookie is paying four places and our exchange is paying three places, so we select these from the relevant drop-down menus at the top of our Each Way Calculator.
We then input our Win Back Stake and our Back Odds. Because we are essentially making two bets, inputting £10 as our Win Back Stake automatically adds £10 as our Place Back Stake beneath it.
Because we are essentially backing two outcomes, we must also lay two outcomes. We input our Win Lay Odds and Place Lay Odds and the exchange where we’re laying our bets.
As we input our details, the Each Way Matched Betting Calculator whizzes through the calculations, telling us how much to lay on each market and detailing our profits in real time as we make our selections.
Why Sign up to Yesbets?
Seems pretty straightforward, right? So if you can use our free Each Way Matched Betting Calculator - which you can with our compliments - why bother signing up to Yesbets?
Well, as we can see from our above example, matched betting each way bets is more complicated than standard matched betting. We have a wide variety of each way betting tutorials written by people who know what they’re talking about. Not only can you lean on the Yesbets team for any extra help and support, but you will also get an invite to our private Facebook Group. It’s not just chat - it’s extra help and advice from several hundred Yesbets members with tens of thousands of pounds profit under their belts.
Do you know how many races go ahead each day? Which ones offer the best odds? And, given how quickly horse racing odds can shift the closer we get to the race, how confident are you that you can find these matches and place these bets at your bookie and betting exchange before the odds begin to drift? The Yesbets Each Way Matcher finds these matches, listing them in order of profit and with quick links to each bet at our bookie and betting exchange.
Yesbets keeps note of all your bets placed and profits made, allowing you to see just how much profit you’ve made from your matched betting adventures. Not only does it save you time keeping track of it all (and, let’s face it, who’s got the time to do that?) but it also keeps you abreast of just how lucrative your matched betting exploits have been.
And there’s more. We will also detail all reload offers available on any given sports day. Bookmakers offer free bet and refund bet bonuses to keep us betting. We list every reload on our Reloads page, using a colour-code system to indicate the difficulty level of each promotion. We can also toggle our reloads by type, choosing, if we so wish, our favourite sport to matched bet on, or only offers with guaranteed profit.
Bookmakers also offer extra places for larger race meets, and this is a key area where each way bets can see us through to larger profits. If a bookie is paying five places and the exchange is paying out on three, we have two extra places where we can see clean profit margins if our horse lands in that extra place. If not, our bets are matched anyway.
Which only leaves one question. Which way do you want it?
Each way, of course. (More tumbleweed.)