Using the filter option, these results are only showing SkyBet and Coral as they payout 10 places:. Is this good value? This is the key question with Extra Place offers to determine if this is profitable in the long term! I think so, because the lay odds to place are 3. This means the true odds for Jordan Speith to finish 1st to 5th are 3. This has an implied odds of 6. So you are receiving a much highers odds for Jordan Speith comes 6th to 10th than his true odds of coming 1st to 5th.
If you are familiar with golf, there is a fine line in the Top 10 so I'd say this represents good value! In the above example, Matsuyama is 42 back odds to win in the Exchange whereas the Implied Odds for Matsuyama to come 6th, 7th or 8th is This is great value, given your odds are only slightly worse, yet you will win in any of 3 places 6th, 7th or 8th rather an just one place 1st. Please note once the exchange only requires the liability on the highest liability golfer on the 'To Win' so this will help you to manage your liability requirements.
For details about this, please see this Facebook Group post. Likewise, the exchange only requires the liability on the highest 5 golfers on the 'To Place' lay market. You don't have to know this in order to place your bookmaker bet and lay bet, but it's still helpful to know!
Taking the example above, Dustin Johnson has Note these bets need to be placed before Thursday midday.
Is this an attractive thing for punters? Obviously there is a trade-off in terms of the odds you might get…. For example, this week Coral are going 10 places. That seems like quite a reasonable trade-off — you are only losing two points and yet you are getting all these extra places. Are you a fan generally of each-way betting in golf?
Are they usually a part of your portfolio? The best example I can think of this year was at Torrey Pines. He absolutely scraped into 7th place. Most of the time, you are dealing with this trade-off.
Do you go with the biggest odds or the best each-way terms? There is no science to it, really. I think a lot of it comes down to personal preference. Are you somebody who just wants to get a return on the week — you feel good about yourself and you can put some of that back on another week — or do you want to go for a big price and no messing about?
Because I tip golf, I want to see returns coming back in regularly so I tend to take advantage of more places. Are you looking at the bigger priced players when you are looking at betting with 10 places in mind?
I think new punters are still thinking they need someone to win. So rather than having to play the top 10 market, which is what you used to have to do, you can still go each-way and get those 10 places.
He is somebody who can get top 5s. At The Masters, in two of the last three years, he has finished runner-up. For me, he will be one of those fighting for the Green Jacket — not scraping into 9th.
So that seems quite a good deal overall. If you can find a player who is nearly top price and you are getting good each-way place terms then that is what you are looking for. Week to week you do get some firms playing seven places, and we have seen a few more in recent times, but in the majors — the last few years — it has really exploded. Now we are getting It does seem quite attractive.
But the bookies know that a huge part of their betting on golf is done around the majors. This is when they want to get new customers in. Maybe insurance is a better example with comparison sites and so on.