Each way arbing is a great way of topping up your matched betting profits.

It can be incredibly lucrative and is perfect for squeezing extra profit out of any gubbed accounts you may have.

This is very much an advanced strategy, so I would only recommend you get involved if you’re an experienced matched bettor who is comfortable placing lay bets on horse racing.

Each way betting explained
For those of you who are unfamiliar with each way betting, allow me to explain…

An each way bet has two parts. Half of your total stake is placed on the horse to win and the other half is placed on the same horse to finish in the top few places. The win part of an each way bet is paid out at the normal odds. The place part of an each way bet is paid out at a fraction of the normal odds.

These each way terms mean that if our horse finishes 1st, 2nd or 3rd, the place part of our each way bet will have won and we will be paid out at a fifth of the normal odds.

Say, for example, we bet £10.00 each way on a horse at odds of 10/1. That means we are betting a total of £20.00. We are betting £10.00 on the horse to win at odds of 10/1 and £10.00 on the horse to place in the top 3 at odds of 2/1.

To work out the place odds, we just divide the fractional win odds of 10/1 by 5, which gives us 2/1. Calculating the place odds from a decimal is almost the same, we just need to subtract 1.00 at the start (to account for the stake) and then add it back on at the end…

Don’t worry though, the each way calculator does all of this for us!

So, based on the above example, we would make the following profit/loss for the three possible outcomes…

Arbing explained
Arbitrage betting, or ‘arbing’ as it’s better known, is the process of placing a bet where the back odds are longer than the lay odds to the extent that it guarantees us a profit. When the back odds are higher than the lay odds, it’s called an arb.

There’s no doubt that arbing is profitable but it can also be detrimental to our accounts. Taking value consistently may arouse suspicion and can lead to restrictions.

I would therefore advise that we only do arbing on our gubbed accounts. It’s great for squeezing extra profit out of our gubbed accounts, but it’s not worth risking our profitable accounts for the sake of a few quid.

Each way arbing explained
So, if you haven’t already guessed, each way arbing is the process of placing each way bets and then laying the ‘Win’ and ‘Place’ parts individually at the betting exchange.

The aim is to find selections where the ‘Place’ lay odds are much lower than the ‘Place’ back odds to the extent that it gives us an overall guaranteed profit.

Don’t worry if that doesn’t make sense yet, it’ll become clearer as we work through an example.