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
60

January 12, 2017 at 11:58 am

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MbPunter 24 May 9, 2017 at 5:34 pm

Followed you guys in. Only £2.78 here though. Will try top up on some near the off.

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Chris 22 May 9, 2017 at 5:43 pm

Yeah i have Luxford covered too and at Sky for extra place

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unowhatimeanharry
Blocked
3 May 9, 2017 at 7:34 pm

Coverham 5.5/5.4

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bainsey1985 0 May 9, 2017 at 7:44 pm

Restrictions totally lifted nearly for me from being able to get a fiver each way this morning I can now cover the amount in my Smarkets which is 1k, I really don’t understand their maths behind the restrictions. On 5 horses so far

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Chris 22 May 9, 2017 at 7:49 pm

Me too, I can get £50 each way on a 14/1 horse.

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bainsey1985 0 May 9, 2017 at 7:55 pm

Good luck buddy 🙂 hope you ain’t covering the same horse as me or you will be getting 1st, 3rd, 4th and 5th lol. I haven’t hit a 2nd in over a week now!

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Chris 22 May 9, 2017 at 8:03 pm

No time like the present mate. I’ve got:

At Betfair for second place – Coverham, Luxford, Rakematiz

At Sky for fifth place – Luxford and Equal Rights

At Betbright ew arbing – Equal Rights and Banta Bay

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Chris 22 May 9, 2017 at 8:15 pm

Smarkets seems to have frozen up for this race……

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xeno 0 May 9, 2017 at 8:16 pm

@chris whats your potential qual losses for those bets

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Chris 22 May 9, 2017 at 8:21 pm

The only bets I have QL on are the two extra place bets. Haven’t layed them off yet but looking at about £4 on both. If they drift I’ll let them run.

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Chris 22 May 9, 2017 at 8:22 pm

Also I punted a free bet on first goalscorer in Juve game which just came in so I’m happy to take these losses.

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bainsey1985 0 May 9, 2017 at 8:23 pm

Lol just tried to get one more on and now I’m restricted to absolute actual zero, what the actual fcuk?! How can it go from £5 to £50 to £0 in a day?

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FoG_BLoG 60 May 9, 2017 at 8:23 pm

Covered a couple there on sky too champagne queen and lesanti. Topped up my stakes on betfair. They gave me a little extra on coverham.

Let’s see.

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Chris 22 May 9, 2017 at 8:24 pm

Smarkets is doing its best to fuck me here.

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FoG_BLoG 60 May 9, 2017 at 8:25 pm

Everything is drifting a bit as money coming in for the favourite.

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