Betfair Each Way edge

So I just noticed this gizmo.

On betfair when you are placing an each way bet you can adjust the terms if you want.

For example I can bet on Top Tug in Catterick 14:20 today odds 3.25. Standard place terms are 1/5 odds, 3 places.

This is almost value as you’re getting odds 3.25/1.45 for the win/place(3) on the bookie and the lays are at 3.7/1.27 on the exchange.

BUT

If I toggle the Each Way Edge widget to only pay two places then this will increase the odds to 4.33! Giving 4.33/1.67 for the win/place(2), where the lays are 3.7/1.59 (2 to place). Which is better value.

Maybe its something someone wants to look into, but at least at first glance on this example looks like you can stretch the value you get e/w arbing by using the edge.

Anyone use this feature regularly?

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FoG_BLoG
61

January 12, 2017 at 11:58 am

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Chris 24 May 5, 2017 at 7:47 pm

Giggs started well, layed off

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MbPunter 24 May 5, 2017 at 7:54 pm

Cheers guys, it’s decent that can still get the same stake on the enhanced price as the original.

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Chris 24 May 5, 2017 at 7:59 pm

Argh Naturally Blond, tried to get on that one too but price changed as I was placing bet. Twice in two days that has happened.

Anyway cant complain, nice profit today. Tomorrow will be good. Off to spend some winnings at Costco in the morning.

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lewi6079 4 May 5, 2017 at 10:31 pm

So, tomorrow in the 2.20 Newmarket with betfair, Pricewise has Washington DC @ 8.5 and Goldream @ 19.0. Taking an edge of 1 place gives 11.0 and 26.0. Currently laying at 8.4 and 16.5 – worth looking at before 8.30 tomorrow to see if there is value. Definitely with Goldream – maybe with Washington DC (Ryan Moore – prob be well backed).

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Chris 24 May 5, 2017 at 10:36 pm

Goldream is already an arb 19/18 (plus the enhancement) but I cant get more than £15 ew on it tonight.

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MbPunter 24 May 5, 2017 at 10:45 pm

1/5 odds for only 3 places though.

Would need to lay Washington DC at 7.0 for no loss.

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Special one 1 May 6, 2017 at 12:04 am

Maybe I am missing something but even with the Edge you would still be better off just taking the arb on Goldream and underlaying as at present you would need to have a lay of 16 for no loss.

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10 May 6, 2017 at 8:10 am

no edge on goodwood?!

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MbPunter 24 May 6, 2017 at 8:56 am

2.40 Goodwood there is.

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Dan 0 May 6, 2017 at 9:17 am

No edge for me on the 2:40

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bainsey1985 0 May 6, 2017 at 9:18 am

Don’t worry it will come soon it sometimes doesn’t appear till closer to the event. The 14.40 looks a good un

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bainsey1985 0 May 6, 2017 at 9:26 am

It’s great to see so much money already in the exchange, some good matches there arllready. I have not hit anything since Monday night because of poor liquidity and that’s after taking over £500 profit around last weekend, I’m going to make up for it today big time

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Dan 0 May 6, 2017 at 10:21 am

2:40 now down to 15.

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bainsey1985 0 May 6, 2017 at 10:27 am

Gutted I wanted to get a few on before it went down ? Do we have any more 4 place races today? I have not seen any others yet

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Dan 0 May 6, 2017 at 10:28 am

15:40 at Thirsk… I’ve got a couple on there already.

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