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Newbie – help please for matched betting on horses

Hi,
Have been match betting on football matches since Xmas and now want to try horse racing. Just a little confused – and I have searched the net but found no answers – about win only and each way. For offers that give a free bet if the horse is placed 2nd/3rd/4th should my back bet be win only or each way? And – how to I calculate my lay bet for each way bets? Sorry for asking this as I expect it has been answered before – I just can’t find the thread.

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Lib
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March 30, 2016 at 4:24 pm

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feltt1p 5 March 30, 2016 at 4:35 pm

Majority of cases you’re on the ‘Win’ market. Look at the terms of the offer, but I don’t think I’ve ever done an Each Way bet in terms of Matched Betting.

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harris 6 March 30, 2016 at 4:50 pm

Pick your horse at the bookies (make sure you meet requirements of the offer), then lay against it. If it comes 2nd/3rd/4th or whatever the offer is happy days. If it wins or doesn’t come 2nd you’ll lose a small profit but in the long run it’ll be profitable extracting 80% out of free bets

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FoG_BLoG 47 March 30, 2016 at 5:07 pm

https://matchedbettingblog.com/2nd-place-refunds/

Good info in the link above.

1. Get tight back and lay odds for low qualifying loss (less than £2.50 for a £25 free bet)
2. Find a horse with a decent chance of delivering the free bet (favourite or 2nd favourite are most likely to finish 2nd).

But I guess that wasn’t your question! Ignore e/w, you are backing to win and laying to win.

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Lib 0 March 30, 2016 at 6:15 pm

Thanks, guys.

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