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Trouble understand extra place offer

Hello,

I did my first extra place offer for the masters and I just have a query.

Using the WH offer paying 8 places I placed a £20 bet on Mcllory (£10 win & £10 e/w). Using the calculator I placed the required bets at smarkets.

When I check WH it shows a return of £23 into my account. My understanding from following the calculator it should only have been £13 from WH.

The calculator stated -£10 + £13 + £8.18 + £7.87 = £19.05

Can any help to explain where I am going wrong in my understanding please

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Gru
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April 10, 2017 at 3:56 pm

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Burger Me 1 April 10, 2017 at 4:55 pm

The £13 is your profit on the place part. You also get your place stake back – the extra £10. If it hadn’t won, you would be -£20 at WH, rather than -£10.

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Gru 0 April 10, 2017 at 5:09 pm

I get it. Thanks for the reply

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arobbo70 4 April 14, 2017 at 1:21 pm

Been looking at the extra place offers today can someone tell me if I’m doing this right and if this is a good bet back 21 lay 21 lay place 6.2 thanks

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FoG_BLoG 47 April 14, 2017 at 2:20 pm

arobbo, 1/4 odds or 1/5 odds?

It’s probably okay if 1/4 odds.

You have to check your potential payout versus the cost. See if it’s worth it. If the horse is 20/1 to win then maybe 20/1 to finish in any top spot, maybe a little more likely to finish 5th. So base your decision on the effective odds.

On a good extra place offer you can often get like 100/1 effective odds for the extra place. That is qualifying loss is 10 for example and returns 1000 if you win back and lay.

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arobbo70 4 April 14, 2017 at 3:11 pm

Thanks for your reply it was 1/5 odds I will get my head round it eventually

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