Introduction
In article one, I introduced you to the Betting Exchange concept and explained the basics of LAY Betting (Lay to Lose). Now in this article, I’m going to introduce you to another unique and powerful feature of the betting exchanges, the Place Markets.
What Are Betting Exchange Place Markets?
Place markets are as the name suggests, markets which allow you to bet on a selection to be ‘placed’. Eg. a horse to finish 1st, 2nd or 3rd in a 8 runner or larger field.
Now, the first and most important thing to highlight here is that these place markets are completely different to the well known Each Way (EW) betting markets offered by traditional bookmakers. The Each Way bet is in fact 2 bets of equal stakes.
The 1st stake is on the selection to win and the 2nd is on it to be placed. So a 10 EW bet will cost you 20 in total.
A 10 place bet on a Betting Exchange is a single bet and therefore will only cost you 10. If your selection finishes in a place, you collect your winnings and smile.
Think about it for a minute. How many times have you been certain that a horse will be placed, but you have not been...
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