Part Lay Mode: Is This The Perfect Way To Start Value Betting?

If you're relatively new to horse racing value betting, the latest mode on the Extra Place Master (available with Outplayed Pro) might just be the perfect way to get started.

The Part Lay mode offers a way for beginners to start value betting and reduce variance while still allowing for strong profits over time.

In this article, you’ll find out how the Part Lay mode works, the benefits of using it and what to consider when choosing which strategy to use.

If you’re not familiar with the Extra Place Master or how extra places work, check out this guide first to learn more.

How Does Part Lay Mode Work?

To understand how the Part Lay mode works, let’s first look at the other two modes and how it fits in alongside these.

Full Lay Mode

Full lay mode is for laying the win and the place part of your bet. This is the traditional extra place strategy.

Using this mode, you’ll make a profit if your horse finishes in the extra place.

If your horse finishes in any other position, you’ll typically make a small qualifying loss.

The Full Lay mode is most suitable for those who prefer to avoid bigger swings in profit/loss and want to have much smoother variance.

No Lay Mode

No lay mode is for laying nothing. You simply place an each-way back bet at the bookmaker.

Using this mode, depending on the odds, you’ll make a large profit if your horse wins or a moderate profit if your horse finishes in any place position.

You’ll lose all your each-way back stake amount if your horse finishes outside the place positions.

The No Lay mode is more suited to advanced value bettors with a large bankroll that can cope with big swings in profit/loss.

Part Lay Mode

Part Lay mode is for laying the win part of your bet but not the place part.

This will help reduce the variance compared to the No Lay mode and focuses on the high value often found in the place part of each way bets.

Using this mode, you’ll make a profit if your horse finishes in any place position, for example 1st, 2nd, 3rd or 4th.

If your horse finishes outside the place positions, you’ll typically make a small qualifying loss from the win part lay plus you’ll lose the place part of the each-way back bet.

The Benefits Of Using Part Lay Mode

The Part Lay strategy offers a middle ground between the Full Lay and No Lay strategies by reducing variance while maintaining a strong level of expected value (EV).

This strategy has a lower variance than No Lay.

As you are only laying the higher odds win part of the each-way bet, you reduce variance while still capturing a significant portion of the expected value.

Since place bets typically have lower odds, they tend to track the amount of EV taken more quickly compared to win bets.

Using the Part Lay strategy helps you maintain high EV potential unlike the Full Lay strategy, where place lay odds can be high and often poor value - you only lay the win bet, which is usually in a more liquid market meaning fairer and more accurate odds.

This allows you to secure strong EV while limiting downside risk.

Bankroll

Another benefit of using the Part Lay mode is that you can start with a much smaller bankroll because variance is lower than with No Lay.

However, one thing to consider is that you’ll still need sufficient exchange funds to lay the win bets effectively especially if using horses with bets with high odds.

More Betting Opportunites

When using the Part Lay mode you’ll find more opportunities than the Full Lay method.

This is because, as mentioned above, the place markets are often illiquid, meaning laying at a fair price may not always be possible.

In these cases, the Full Lay method is not an option for horse bets that would otherwise have been of value if the place market had more liquidity.

But, Part Lay allows you to take advantage of these value bets while also reducing risk compared to No Lay strategy.

Which Extra Place Master Mode Should You Use?

The mode you use will depend on your experience, bankroll and tolerance to risk.

Is The Full Lay Mode Right For You?

The Full Lay mode will suit you if you prefer a lower-risk approach to extra place offers.

This strategy still requires patience and a long-term mindset but downswings will be significantly shorter than using the other modes.

Is The No Lay Mode Right For You?

Although higher risk, the No Lay mode has additional value compared to the Full Lay mode and is especially useful when the exchange markets aren't well formed.

No Lay mode is also the most efficient strategy being the most profitable in the long run and the fastest to use.

No Lay mode will show horses that aren't necessarily from extra places races but still represent good value.

This means there’ll be way more value available and the process involves a quick each-way bet and then you can move to the next bet without having to lay your bets at the exchange.

Keep in mind that the No Lay strategy is much higher variance than Full Lay and you’ll have larger positive and negative swings in profits.

Ideally, No Lay is right for you if you’re an advanced value bettor with a large bankroll and a good understanding of variance and expected value.

The variance you’ll experience is similar to that of high risk casino offers:

Is The Part Lay Mode Right For You?

If you’re struggling to decide where you fit in between the Full Lay and No Lay strategies - then using the Part Lay mode might be the right strategy for you.

It gives you a balanced approach to value betting that reduces risk while still maintaining strong profit potential.

It’s especially suited for you if:

• You’re new to value betting and want a smoother introduction without large swings in profit and loss.

• Your bankroll is not big enough to take on the No Lay strategy just yet and you need to manage risk carefully while still benefiting from extra place value.

• You want more value betting opportunities whilst avoiding high variance.

• You want to maintain a high level of EV whilst keeping variance more manageable.

While Full Lay mode prioritises lower risk and No Lay mode aims to maximise long-term profit, Part Lay mode strikes the perfect balance giving you more security than No Lay, but stronger long term profits than Full Lay.

If you're new to value betting or looking for a lower-variance way to build your bankroll, Part Lay is the smart place to start.

Still Not Sure Which Extra Place Master Strategy Is Right For You?

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Our support team is open and ready to help you choose the right membership that suits you.

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You can use email, live chat, Facebook, or the forum so please get in touch and we can discuss the best strategy for you.