Quick answer: Bet365 use the term 'bet credits' as their equivalent of free bets, and you can often earn them by completing offers. Using Matched Betting techniques, it's possible to convert bet credits into locked-in profits.

As one of the biggest <a href="https://outplayed.com/blog/sports-betting-guide">sports betting</a> bookmakers, it’s no surprise that Bet365 has one of the best sign up offers around. If you’re keen to dive right in, you can sign up with Bet365 and bet just £10 to get £30 in bet credits.

However, it is possible to exploit this kind of offer to your benefit. Stick around to learn more about how bet credits work, how to make the most of them, and how you can earn them.

In this article, we explain all you need to know about their bet credit system, <a href="https://outplayed.com/what-is-matched-betting">how to get value for money from bet credits</a>, and also how to take advantage of other offers available on their website.

Bet365 are one of the biggest and best known bookmakers in the world, with over 100 million registered customers across the globe. The company was founded in 2000 by Denise Coates, who is now perhaps the best known person in the industry, and whose estimated net worth is around £8.2 billion according to Forbes.

Source: <a href="https://www.forbes.com/profile/denise-coates/">Forbes.com</a>

Although Bet365's profits have cooled somewhat in recent years, with a drop in profits in the 2024/25 financial year, they still made an overall profit of almost £340m, which is a pretty mind-boggling sum.

In the UK, Bet365 is the most visited sports betting site with 10.74 million views, maintaining a small lead over PaddyPower, who are just behind at 10.64 million.

-&nbsp;<a href="https://www.semrush.com/trending-websites/gb/gambling">SemRush Most Visited Gambling Websites</a>

Their focus is sports betting, with markets available for an extremely wide range of sports, from MMA to Nascar to handball, but they also offer an extensive range of casino games, bingo and poker.

Bet credits are the format Bet365 uses for <a href="https://outplayed.com/free-bets">free bets</a>, which allow you to place a sports bet at no cost. If your bet is successful, the winnings are yours to keep, although the bet credit stake isn’t returned to you.

For example, you stake £5 of bet credits on Manchester City to win an upcoming football match at <a href="https://outplayed.com/blog/how-to-read-betting-odds">odds</a> of 3 (2/1 in fractional odds). If your bet is successful, you’ll get £10 in winnings in cash, but not your original £5 stake.

Many sports betting sites will attach conditions to their free bets, for example requiring you to use a free bet only on a certain sport, or only on a bet builder. Usually this isn’t the case with bet credits from Bet365, however, who have simplified matters by allowing bet credits to be used freely for the most part.

If you’ve received bet credits, they will usually be automatically credited; simply click your balance or your profile to view your available bet credits.

Bet365 offer new customers £30 in bet credits when they sign up and bet £10. To take advantage of this offer, simply sign up to their website and claim the offer in the My Offers section of your new account.

Next, you’ll need to deposit £10 with a debit card, and then place a £10 qualifying bet at odds of at least 1.2 (1/5 in fractional odds). Your £30 in bet credits will be available to use once your qualifying bet has settled, usually within an hour.

'The biggest mistake people make with promotional bet credits is treating them like ordinary cash stakes. Because the original stake isn't returned, the value comes from carefully considering the odds and potential return before deciding where to use them.'

Although you can only do the sign up offer once, as an existing customer you’ll still receive regular offers. These are often in the format of ‘Bet £10 and get £10 in bet credits’, where your initial £10 qualifying bet may have to be on a particular match, or on a bet builder, or an accumulator bet.

Another great offer is what’s known as a ‘Refund If’, where you receive a refund of your stake in the form of bet credits if your original bet is unsuccessful. So for example, you might see, ‘Place a £10 bet builder on Arsenal v Liverpool and get £10 in bet credits if it loses’. This effectively gives you a second chance of placing a winning bet if your qualifying bet is unsuccessful.

Occasionally, Bet365 may even credit you with bet credits apparently at random, as a thank you for being a loyal customer - so keep an eye on your account, just in case!

It’s great to have an opportunity to win a bet without having to risk your own money, but wouldn’t it be better still to be certain of making a profit from your bet? Well, with Matched Betting, you can!

By matching both your qualifying and free bets with <a href="https://outplayed.com/blog/what-is-a-betting-exchange">lay bets at an exchange</a>, you can break even on your qualifying bet and lock in a profit with your bet credits, so long as you follow the instructions correctly.

If you like the sound of this and want to know more, check out our complete guide to find out <a href="https://outplayed.com/what-is-matched-betting">how to get started with Matched Betting</a>, and soon you’ll be using bet credits to make locked in profits with ease.

It’d be great if you could! But no, bet credits can only be used to place bets - otherwise everyone would be signing up to Bet365, placing a £10 bet and immediately withdrawing their £30 credits to make an instant £20 profit.

So, as with pretty much all other bookies, you do have to stake your bet credits to make any withdrawable cash from them - but if you have a go at Matched Betting, you can be sure of making a profit from them, rather than placing a bet and crossing your fingers for good luck.

'One detail bettors often overlook is that the value of a free bet depends on more than its face value. Odds, available markets and exchange liquidity all influence how much cash you can realistically extract, so a £30 credit doesn't automatically mean £30 of potential profit.'

Bet credits are great, but they’re not the only bonuses Bet365 have to offer. Check out some of the other bonuses and rewards they regularly have available:

Like most bookies, Bet365 will have<a href="https://outplayed.com/price-boosts"> price boosts</a> available on certain events or selections most days. Some of these will be more worthwhile than others, but it’s always worth checking to see what’s available. If you’re able to locate a lay market for the same selection with lower odds, you can make an instant profit through Matched Betting.

If you're a fan of casino, you may be familiar with offers to get a certain number of free spins on slots if you wager a certain amount - e.g. stake £10 and get 20 free spins. It's possible to leverage this kind of offer to your advantage through <a href="https://outplayed.com/blog/why-you-need-to-do-casino-offers">Casino Matched Betting</a> techniques, although it won't be risk-free.&nbsp;

Bet365 have several regular free games available, with the option to win free spins, bet credits, and golden chips. These include the following:

If you prefer casino to sports betting, Bet365 also have a casino sign up offer available. Deposit £10 within 30 days of signing up, and you’ll be able to spin a reel to claim between 5 and 20 free spins from the My Offers section of your account. You can even repeat this offer up to 10 times, so long as you wait at least 24 hours between spins of the reel.

You may also encounter offers allowing you to stake a certain amount cash to receive free spins - e.g. stake £10 to receive 20 free spins. Bear in mind that, unlike using the Matched Betting technique on the sports betting welcome offer, this isn’t risk-free - although <a href="https://outplayed.com/blog/why-you-need-to-do-casino-offers">casino offers</a> can be very profitable in the long term.&nbsp;

There are lots of opportunities to earn bet credits with Bet365, but the best way to make the most of them is through Matched Betting.

If you’re interested in giving it a go, <a href="https://outplayed.com/user/register#1">our free trial</a> gives you access to a full walkthrough for Bet365’s sign up and reload offers - as well as over 40 other bookie sign up offers, worth over £850 in profit. Our members typically make <a href="https://outplayed.com/blog/how-much-can-you-make-from-matched-betting">£300 - £1000 per month</a> from Matched Betting - so why not join them, and start making your own profits today.

1. Is a bet credit the same as a free bet?

Basically, yes. You use bet credits in the same way as you would use a free bet with other bookies. Bet365 are a little more generous with some terms of their bet credits than many bookies are, though, e.g. allowing bettors to partly stake with bet credits and partly with cash.

2. How do I get bet credits?&nbsp;

They're usually given as a reward when you complete an offer. Occasionally, though, you might be able to claim bet credits without having to qualify by betting your own money.

3. Why do bookies give out free bets or bet credits?

Rewards like free bets and bet credits keep customers coming back! Bookies hope that bettors will be more likely to stake more of their own money if they dole out rewards.

Research published by the UK Gambling Commission in July 2026 found that 72% of people who had gambled in the previous 12 months disagreed with the statement that gambling promotions and incentives do not encourage excessive gambling. This highlights why promotional bet credits should be approached with a clear strategy and spending limits.

- <a href="https://www.gamblingcommission.gov.uk/report/initial-findings-from-new-data-on-consumer-trust-gsgb/advertising-and-promotion">Gambling Commission</a>

4. Can I really use Matched Betting to lock in profits from bet credits?

You can indeed. By betting both for and against the same outcome, you can turn your bet credit into a profit of roughly 70%-80% of the value of that bet credit.

5. Will using bet credits get my account restricted?

If you do nothing but take part in offers, it's a possibility. You should therefore try to blend in with regular punters when betting, and perhaps throw in a few '<a href="https://outplayed.com/blog/what-is-mug-betting">mug bets</a>' to avoid attracting bookie attention.&nbsp;

Stephanie Sorrell

Bet365 Bet Credits: Everything You Need To Know

Quick answer: each way betting is common in golf, and you’ll usually find multiple each way markets with different numbers of places for a tournament. It’s difficult to use each way bets on golf as part of a Matched Betting strategy, but it can be an effective tactic for Value Betting.

<a href="https://outplayed.com/blog/how-does-an-each-way-bet-work">Each way betting</a> is most closely associated with horse racing, where it’s one of the most popular bet types.

But horse racing isn’t the only sport that employs each way bets, and golf is another sport with a strong each way betting scene.

Because golf tournaments are ranked, each way betting works well, and most bookies will even offer multiple each way markets with different numbers of paid places and differing place fractions.

So how exactly does an each way bet on golf work? Is it possible to take advantage of golf each way betting with smart betting techniques? And are there any risks to be aware of?

Keep reading for the answers to all these questions, plus bonus additional methods you can use when golf betting to maximise your profits.

According to YouGov research, 9% of regular UK gamblers had placed a bet on golf in the previous 12 months. This placed golf ahead of several other sports, including boxing (8%), tennis (8%), rugby union (6%) and cricket (6%), demonstrating an established market for golf betting.

- <a href="https://yougov.com/en-gb/articles/47134-a-look-at-sports-gambling-habits-in-britain">YouGov</a>

An each way bet is effectively two bets in one:

Because you’re placing two bets in one go, your stake is also doubled when you place an each way bet.

In terms of your returns, the win part of your part is paid out at the win odds, and the place part is paid at a certain fraction.

In horse racing, both the number of paid places and the place fraction are set as standard, depending on the number of horses running in a race.

In golf, however, things are more flexible. You’ll typically see multiple each way markets, with varying numbers of paid places and place fractions, allowing you to choose the one that suits you best.

You decide to bet on an upcoming golf tournament, and check the outright markets with your preferred bookmaker. You find the following choices below:

You decide to bet on Tommy Fleetwood. He’s not the favourite, but he could still win, and you like his chances of making the top five. You therefore decide to bet on the 5 place each way market, at odds of 10, with a place fraction of ¼.

You stake £10 each way on Tommy Fleetwood, making a total bet of £20. Then all that’s left is to cross your fingers and watch the tournament.

Depending on how things go, your possible outcomes are as follows:

As you can see, your returns are by far the most significant if Tommy Fleetwood wins, but you do still make a modest profit if he hits a paid place. Of course, if he fails to place 5th or higher, you’ll lose your full £20 stake.

How Can You Take Advantage Of Each Way Betting In Golf?

You’re a little limited as to how you can take advantage of this type of golf bet. Unlike in horse racing, you don’t tend to see extra place offers for golf, which means that it isn’t generally possible to make use of Matched Betting techniques.

However, it is possible for experienced bettors to exploit golf each way bets through <a href="https://outplayed.com/blog/what-is-value-betting">Value Betting</a>, which involves finding and betting on selections that have been overpriced, giving the bettor the edge, rather than the bookie.

Just as in horse racing, the bookie sets golf tournament odds primarily according to the player’s likelihood of a win, rather than the likelihood of them placing.

Admittedly, the odds you see are adjusted depending on the number of paid places in a market, but the amount of value held in the place part of the bet can still vary quite significantly, which results in potential <a href="https://www.oddsmonkey.com/matched-betting/extra-place-expected-value/">positive expected value</a>.

‘One of the biggest mistakes in golf each way betting is judging a selection purely by its outright odds. A player’s suitability for a particular course, recent approach-play statistics and consistency across four rounds can all influence their chances of making the places, sometimes more than their chances of winning outright.’

If you really know your stuff when it comes to golf, you might be in a position to perform your own research to establish where value lies and which are the best bets to place. But if not - or if you’d prefer not to devote so much of your time to research - Outplayed’s <a href="https://outplayed.com/blog/golf-master-tool">Golf Master</a> can do all this work for you.

It works much like the Extra Place Master in No Lay mode, tracking down selections where an each way bet holds real value. All you have to do is choose your bet and place it!

It’s important to note that this strategy does involve quite significant risk, especially considering the number of players who take part in a golf tournament. Any bet you place could easily lose, and you’re likely to experience downswings.

The number of players in a starting field of an open tournament can be as high as 144, illustrating why an each way golf bet can be risky even when there are as many as ten paid places.

- <a href="https://qualifying.pgatourhq.com/static-assets/uploads/2026-PGA%20TOUR%20Player%20Handbook%20and%20Regulations-2-23-26.pdf">PGA Tour</a>

However, in the long term, and with a large volume of bets, you are overall likely to see profits when using a tool like the Golf Master, especially when used alongside other powerful betting tools such as Outplayed’s <a href="https://outplayed.com/products/extra-place-master">Extra Place Master</a> and <a href="https://outplayed.com/products/lucky-finder">Lucky Finder</a>.

What Are The Risks And Downsides Of Each Way Betting On Golf? 

Each way betting on golf does have its advantages, especially for value bettors, but there are risks and downsides that it’s important to be aware of as well.

‘Golf tournaments can be particularly unforgiving when it comes to bankroll management because even well-researched selections will regularly miss the cut or finish outside the paid places. Keeping stakes consistent and assessing results across a substantial number of bets helps prevent a short run of disappointing finishes from distorting your overall strategy.’

Are There Any Other Strategies You Can Use When Betting On Golf To Maximise Your Profits?

It isn’t always easy to employ smart betting techniques on golf, but there are techniques and strategies you can use to optimise your betting.

Especially during major tournaments, you may well encounter offers on golf, and many can be capitalised on with Matched Betting.

Matched Betting involves placing bets both for and against the same outcome, which on a standard bet roughly means they cancel each other out and you roughly break even.

By making use of bookie offers, such as free bets, price boosts and other rewards, you can use Matched Betting techniques to lock in a profit, so that you make money no matter who ends up winning the tournament you’re betting on.

Matched Betting is ideal for beginners, as it’s extremely low risk. Although there’s a bit of a learning curve, Outplayed’s clear guides walk you through the process, and our expert support is always around to lend a hand if you get stuck.

To find out more, take a look at the <a href="https://outplayed.com/what-is-matched-betting">Outplayed Beginner’s Guide to Matched Betting</a> for all the information you need to get started.

Another possibility is arbitrage betting, a very similar technique to Matched Betting. With arbing, you still place bets for and against the same outcome, but you make money by looking for pairs of back odds with a bookmaker that are higher than the lay odds at the exchange, which allows you to lock in an immediate profit.

The main difficulty when it comes to arbing on golf will be finding good arbitrage opportunities. Outplayed <a href="https://outplayed.com/pricing">members</a>, though, have access to the <a href="https://outplayed.com/products/oddsmatcher">Outplayed Oddsmatcher</a>, which can be used to locate good matches for arbitrage bets on golf.

To find out more about how arbitrage works, take a look at the dedicated <a href="https://outplayed.com/what-is-arbing-or-arbitrage">Outplayed guide</a>.

As we’ve touched on above, Value Betting can be a great way to get the most out of golf.

Each way betting is actually the best option in this case, as tools like Outplayed’s Golf Master are designed to exploit positive expected value in each way markets specifically.

Expert value bettors may well also be able to locate other +EV golf bets by relying on their own experience and research, of course, but if you don’t have that kind of experience, this may not be a viable route for you.

To find out more about Value Betting generally, take a look at the dedicated <a href="https://outplayed.com/blog/what-is-value-betting">Outplayed guide</a>.

Each way betting is most common in horse racing, but it’s also a popular type of bet on golf, with multiple each way markets available for major tournaments with most bookies.

It’s difficult to exploit each way bets with Matched Betting, but value bettors can use tools like Outplayed’s Golf Master to make golf each ways bets part of a lucrative Value Betting strategy.

If you’re more of a newcomer to sports betting, you’ll probably find it easier to start with straightforward <a href="https://outplayed.com/what-is-matched-betting">Matched Betting</a>, which is more beginner-friendly and very low risk.

And the Outplayed free trial is the perfect place to start! When you register, you’ll gain immediate access to over 40 sign up offers, worth over £800 in profit.

1. Is each way betting on golf beginner-friendly?

It certainly isn’t difficult to place an each way bet on golf! However, it is fairly high risk, so if you’re looking to optimise your betting strategy as a beginner, we’d recommend starting with Matched Betting.

2. Can I guarantee a profit with an each way bet on golf?

No, it is always possible to lose your bet, even on a player who seems to have an excellent chance of winning or hitting a paid place. And because there generally aren’t any extra place offers for golf, it’s rarely possible to use Matched Betting techniques with each way bets on golf.

3. Is Value Betting each way on golf risk-free?

No, it is still a fairly high risk strategy. However, in the long run you are statistically likely to end up making a profit.

4. How do I get access to the Golf Master?

With an Outplayed Elite <a href="https://outplayed.com/pricing">membership</a>, our highest membership tier, which is tailor-made for serious value bettors.

5. Should I always bet each way on golf?

Not necessarily; it’s only worth doing if an each way bet holds actual value. And if you’ve found a golf offer and want to take advantage of it using Matched Betting techniques, you’re likely to have a much easier time placing a straightforward single bet.

A Complete Guide To Each Way Betting On Golf

Quick answer: each way bets are a staple of horse racing betting, and are highly popular with both bettors and bookies. It’s possible to take advantage of each way betting with both Matched Betting and Value Betting techniques.

<a href="https://outplayed.com/blog/how-does-an-each-way-bet-work">Each way betting</a> has a long history, having been invented to give bettors a second chance at a win, even if their horse didn’t come in first.

From a bookie’s point of view, it encourages bettors to bet on long shots - even if a horse isn’t likely to win, it has a chance at hitting a paid place. And from a bettor’s perspective, they get the excitement of a potential win as they watch the race, with a little bit of a safety net to lend them greater confidence.

But what exactly does each way mean in horse racing? Is an each way bet really in a bettor’s favour? How can you take advantage of extra place offers? And what are the best strategies to use with each way bets?

In this article, we’ll explore all these questions, so that by the end you’ll have everything you need to know to go out and place each way bets on horse racing yourself.

The Horseracing Bettors Forum's 2023 survey found that each-way singles accounted for 16.01% of responses when bettors were asked which types of bets they regularly placed, demonstrating this bet type’s perennial popularity.

- <a href="https://ukhbf.org/horseracing-bettors-forum-survey-2023/">Horseracing Bettors’ Forum</a>

In essence, an each way bet is two bets in one. Half of your bet is on your horse to win the race; the other half is on your horse to hit a paid place. For this reason, your stake is doubled when you choose to place your bet each way.

In any sport, an each way market will have a certain number of paid places, and the payout on the place part of your bet will be at a particular fraction of the win odds - ¼ or ⅕ for horse racing.

If your horse wins the race, both parts of your bet win. If your horse hits a paid place, then only the place half of your bet pays out. And, of course, if your horse doesn’t win or place, you don’t get a return at all.

In horse racing, there is a standard number of paid places, which depends on the number of horses competing in a race. The chief exception to this is when bookies run ‘extra place offers’ - where they pay out more than the standard number of paid places.

Many bookies will run multiple extra place races every single day, typically with one extra paid place. During major festivals, though, such as Cheltenham, you may see two or even three extra paid places, which significantly increases the potential value of an each way bet.

‘A horse’s chance of finishing in the places shouldn’t be judged simply by its recent finishing positions. The quality of opposition, suitability of the ground, distance and likely race pace can all influence its prospects. Looking beyond headline form can reveal place value that other bettors might overlook.’

We’ll imagine that we want to place a bet on horse racing, and we see the following racecard for the 14:03 race at Punchestown.

We can see that there are three paid places on this race, with a place fraction of ⅕. Having had a good look at our options, we decide that we want to place an each way bet on Bombay Pat at odds of 6. This runner isn’t one of the two favourites, but its chances of hitting a paid place seem pretty good, and it might even manage a win.

We enter a unit stake of £5 and tick the ‘E/W’ box in the betslip to create an each way bet. Our stake is consequently doubled, meaning that we’re staking a total of £10 on this bet.

Now all that’s left is to wait for the race to finish and the bet to settle. The possible outcomes are as follows:

As you can see, we only make an actual profit if Bombay Pat wins, but a place means we don’t lose any money, making this a bet a less risky proposition than a straightforward win-only bet.

How Can You Take Advantage Of Each Way Betting In Horse Racing

Most recreational bettors simply do what we saw in the example above: find a runner whose odds they like the look of, place an each way bet on them, and hope for the best.

But if you want to give yourself the very best chance of turning a profit from your betting, there are much better ways to go about it. Our favourites are as follows.

Matched Betting refers to the technique of betting both for and against the same outcome, so that your bets effectively cancel each other out. On a regular bet, this results in you roughly breaking even, or making a loss of a few pence, but when you factor in bookie offers like free bets, you can end up making significant profits.

The best way to combine Matched Betting and each way betting is with <a href="https://outplayed.com/blog/extra-place-offers">extra place races</a>. Before we go any further, it’s worth mentioning that this is a more advanced offer than a basic Bet &amp; Get, so if you’re brand new to Matched Betting it’s probably not the best place to begin - take a look at our beginner’s <a href="https://outplayed.com/what-is-matched-betting">guide to Matched Betting</a> for how to get started from scratch. Once you’ve gained some experience, though, it can be very profitable.

With an extra place offer, you place your each way bet as normal with the bookie, and then <a href="https://outplayed.com/blog/what-is-lay-betting">lay</a> both the win part of your bet and the place part with a <a href="https://outplayed.com/blog/what-is-a-betting-exchange">betting exchange</a>. Your lay bet on the place part of your bet, however, will be on the original number of places. So for example, if a race would normally have three paid places, and the bookie is now paying out on four, you would lay your selection to hit the top three places.

There are handy tools to make it easier to find good runners for this kind of bet, such as Outplayed’s user-friendly Extra Place Catcher, which highlights good selections on extra place races and helps you calculate your stakes and potential profits.

In most cases, you’ll end up losing a small amount of money (your qualifying loss), because your back and lay bets essentially cancel each other out. However, if your horse hits the extra paid place, then you’ll win both your lay bets and the place part of your back bet, resulting in a significant profit.

Matched Betting is a pretty low risk way of taking advantage of extra place offers, but it can be quite fiddly and time consuming, especially for less experienced bettors.

Value Betting can produce greater profits, and is incredibly easy on each way bets, so has a lot to offer. However, it involves significantly more risk, so we’d recommend that you only move on to this strategy if you’re already an experienced matched bettor and you have a high bankroll available.

The important thing to understand about each way bets is the effect that a standard place fraction has on the <a href="https://www.oddsmonkey.com/matched-betting/extra-place-expected-value/">expected value</a> of a bet. Bookies are very careful to ensure that the win odds they set reflect the real likelihood of a horse winning its race, as far as possible, and they then adjust those odds to give themselves a profit margin.

The place odds, however, are standard, and so aren’t adjusted to allow for the actual chance of a horse hitting a paid place. For this reason, there’s a lot of scope for scooping up potential value with each way bets.

The easiest way to do this is with the Outplayed <a href="https://outplayed.com/products/extra-place-master">Extra Place Master</a> in No Lay Mode, which analyses races to assess each horse’s chances not only of winning their races but of hitting a paid place. When there’s value to be had, the tool highlights that horse - all you have to do is place an each way bet on your selection to capitalise on that value.

Of course, the fact that a selection holds positive expected value doesn’t mean it’s guaranteed to win, which is why this is a significantly higher risk strategy than Matched Betting on extra place races. However, in the long run you’re extremely likely to end up in profit if you follow a Value Betting strategy with each way betting, as shown in the graph below, taken from the Outplayed Pro Tools page.

If you’d prefer a slightly more cautious strategy, though, you can also use the Extra Place Master in Part Lay Mode. This allows you to lay only the win part of your part, mitigating any potential losses while protecting your profits.

‘A positive expected value selection can still produce a long run of losing results, particularly in horse racing, where field sizes and race conditions create considerable uncertainty. Keeping stakes proportionate to your bankroll is essential; a sound betting edge is only useful if you have the discipline and funds to withstand variance.’

What Are The Risks And Downsides Of Each Way Betting On Horse Racing? 

Each way betting on horse racing has its advantages, especially if you use smart betting techniques like Matched Betting or Value Betting. However, it also has its downsides, and it’s important to keep these in mind.

Are There Any Other Strategies You Can Use When Betting On Horse Racing To Maximise Your Profits?

We’ve touched on a couple of these already, Matched Betting and Value Betting specifically, but you’re by no means limited to each way betting in order to make the most of horse racing with these strategies.

Depending on your situation, you can maximise your profits with any or all of the following strategies.

As we’ve seen, it’s possible to use Matched Betting techniques in conjunction with extra place offers in horse racing, but that’s far from the only way you can optimise your betting strategy on horse racing with this technique.

Because horse racing is so popular, there are typically offers of some sort available every single day, including a range of Bet &amp; Get offers (e.g. bet £5 get a £5 free bet) and racing refund offers (e.g. get a £5 free bet if your horse doesn’t win).

In short, Matched Betting offers enormous scope for profits on horse racing bets, all at very minimal risk.

To find out more, check out the Outplayed <a href="https://outplayed.com/what-is-matched-betting">Beginner’s Guide to Matched Betting</a> for all the information you need to get started.

Arbitrage betting is similar to Matched Betting, in that it involves betting both for and against the same outcome. With arbitrage, though, you aim to find matches where the back odds are actually higher than the lay odds, resulting in an immediate profit.

In horse racing, the odds change continually in the run up to a race, which means that there can be a significant number of potential arbitrage opportunities every single day.

The main problem with arbitrage is that bookies are usually aware when their odds are higher than they should have been, so a bettor consistently taking those overvalued selections is likely to arouse suspicion. Arbitrage is therefore best used sparingly, or exclusively with bookies who have already gubbed you (i.e. prevented you from taking part in offers), where you have less to lose by attracting bookie attention.

To find out more about arbitrage betting, take a look at the dedicated <a href="https://outplayed.com/what-is-arbing-or-arbitrage">Outplayed guide</a>.

Value Betting is another strategy we’ve touched on already, which relies on finding overpriced odds that are higher than the true likelihood of a win would imply. If you consistently bet on inflated odds, the chances are good that you will end up in profit over time, as you’ve effectively eliminated the bookie’s profit margin and turned it in your own favour.

Basic each way betting, with the help of tools like Outplayed’s Extra Place Master, can be an excellent way of taking advantage of <a href="https://outplayed.com/blog/positive-expected-value-betting-guide">positive expected value</a> selections in horse racing.

But that’s not the only option. You can also turn the odds in your favour with more complicated multiples bets, such as Lucky 15s. You will still be betting each way, in order to maximise the value offered by the place element of your bet, but on several different horses at once. Outplayed’s Lucky Finder makes it a doddle to locate potentially profitable betslips - all you have to do is build your bet with the bookie and place it.

It’s important to be aware that this is a much higher risk strategy than Matched Betting or Arbitrate Betting, and so we recommend that anyone embarking on Value Betting should be an experienced matched bettor or sports bettor with a sizeable bank roll.

If that applies to you, though, you can find out more about Value Betting in the dedicated <a href="https://outplayed.com/blog/what-is-value-betting">Outplayed guide</a>.

Although online betting turnover on racing has declined in recent years to £7.85b in the most recent figures, it remains the second most popular sport for betting, with abundant opportunities to place horse racing bets each day.

- <a href="https://www.racingpost.com/news/industry/betting-industry/betting-on-horseracing-falls-again-but-on-course-turnover-soars-aAQby9t8Lvxu/">Racing Post</a>

Each way betting has a long and proud history in horse racing, and it’s easy to see why. Bettors appreciate having an improved chance to win something, while bookies enjoy the benefit of doubled stakes from their customers, and somewhat lower returns on winning bets.

And smarter bettors can reap the rewards of each way betting too, both through Matched Betting and Value Betting techniques.

If you’re keen to get started yourself, the Outplayed free trial is the best place to start. As soon as you register, you’ll get immediate access to our essential Matched Betting tools plus over 40 sign up offers, worth over £800!

1. Does each way betting allow me to lock in a profit on horse racing?

Not on its own - if you simply place an each way bet you just improve your chances of a return a little. Even using Matched Betting techniques on extra place offers doesn’t actually allow you to lock in a profit - it just makes your possible losses very minimal, while giving you the chance of a significant win if your horse hits an extra place.

2. Is each way betting the best strategy for horse racing?

It can be a good strategy, but it’s best used as just one of several strategies on horse racing. Combine it with other Matched Betting strategies, like standard Bet &amp; Get offers or racing refunds, or use Value Betting strategies if you’re a more experienced bettor with a good bankroll.

3. Should I always bet each way on horse racing?

Almost certainly not! It’s only worth doing if a bet holds actual value. Each way bets may hold greater value because of the place part of the bet, but that doesn’t mean it’ll always be the best strategy.

4. Is each way betting beginner-friendly?

A basic each way bet is very easy to place, but for brand new sports bettors looking to find an optimal betting strategy, we’d recommend starting with Matched Betting sign up offers, which are straightforward and extremely low risk.

5. Can each way betting get my account restricted?

On its own it’s incredibly unlikely, as each way bets are extremely popular with regular punters. If you use Matched Betting offers or Value Betting techniques to improve your position, you may attract more bookie attention, but each way betting is still a fairly low risk prospect in this respect.

A Complete Guide To Each Way Betting On Horse Racing

Quick answer: each way betting is less common in football than in other sports, as football matches don’t involve ranked places. However, some bettors may place each way bets on football tournaments or leagues, which can somewhat improve their chances of winning a bet.

<a href="https://outplayed.com/blog/how-does-an-each-way-bet-work">Each way betting</a> is hugely popular in horse racing in particular, but that’s not the only sport where an each way bet can be placed.

In other sports like football, which you might not associate with each way betting as individual events don’t involve ranked positions, you can still place each way bets, typically on outright markets.

But is it worth your time to place an each way bet on football? What are the advantages and disadvantages of doing so? And are there any other betting strategies that might be more likely to produce success?

In this article, we’ll answer all these questions as we take you through everything you need to know about each way betting in football.

An each way bet is two bets in one. Part of your bet is on your selection to win; the other part is on your selection to hit a paid place. Your stake is therefore doubled when you bet each way to cover both parts of the bet.

The place part of your bet is paid out at a set fraction of the win odds. In horse racing, that fraction is generally either ¼ or ⅕, but in other sports the fraction can vary more significantly.

If your selection wins, both parts of your bet win, each paid out at its respective odds.

If your selection hits a paid place, only the place part of your bet will be paid out.

And if your selection fails to place, you lose both parts of your bet.

‘Football outright markets can change significantly over a season as injuries, fixture congestion and managerial changes affect a team’s prospects. A potential each way bet should therefore be assessed against the potential for those circumstances to change, as well as the team’s current position or reputation.’

An example of an each way bet on football

You want to place a bet on your favourite team, Manchester City, to win the Premier League this season. They aren’t the favourites, but you do think they’ve got a reasonable chance.

Just in case they fall short, though, you decide to place an each way bet, rather than an outright one. You navigate to Bet365 and find the following odds:

You go ahead and choose to bet each way on Manchester City at odds of 8. There are two paid places, and the place part of your bet is paid at ¼ of the win odds.

You enter a unit stake of £10 in your betslip and tick the ‘E/W’ box, which doubles your stake to £20 in total.

Now all that’s left is to see what happens in the season, keep your fingers crossed, and await the results of your bet.

Your profits, depending on the outcome, will be as follows:

What Are The Advantages Of Each Way Betting On Football?

The chief advantage of an each way bet on football is that the bettor gets a sort of ‘second chance’ of winning something from their bet, even if their team doesn’t actually win overall.

Because it’s easier to hit a paid place than it is to win, you’re increasing your chances of a return on your bet. This type of bet is therefore popular with bettors who consider their team to have a great chance of placing high, even if they aren’t convinced they’ll end up winning altogether.

It also allows the bettor to split the difference when it comes to the benefits of a selection with high odds (and thus a high return) and one with low odds (the best chance of actually winning).

Each way betting on football is far from being the most popular choice for most football bettors, but you can see why an each way football bet might be tempting to anyone planning to bet on a futures market.

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