What is the Each Way Catcher?
The Each Way Catcher is a tool which finds close matches between Each Way bets. As we have previously read in the guide ‘What is an Each Way Horse Bet’ we are essentially placing two bets when we place an Each Way bet and as such, these can be layed off at the exchange.
There are many occasions when we can find ‘Each Way arbs’. This means we can make money on the bet no matter the outcome. These can sometimes be as much as a guaranteed profit of £20 from a £100 on occasions.
Now, you may have read in articles around the internet that “arbing is bad and your account will be gubbed”. Here at Trickybet we agree with these views but it is possible to ‘fly below the radar’ at times with the Each Way Catcher. On many occasions the win section of the bet is not an arb and on occasions, we have seen the back odds at the bookmaker much lower than the exchange. The value comes from the ‘place’ part of the bet.
If we look at the following race, we can see that the horse, Aislabie, is available to back at odds of 7.50 and the place terms are ⅕ of the odds. This means that the odds for the horse to place are 2.3 (using the formula described in ‘what is an Each Way bet’).
The lay odds at the exchange are 8.2 for the win and 1.7 for the place. We can see that a £50 Each Way bet will get us a guaranteed profit of £9.94 no matter what the outcome.

How is the profit calculated?
This is really important to understand. There are basically three different outcomes:
- The horse wins, so is also placed.
- The horse does not win, but is placed
- The horse does not win and is not placed.
All 3 outcomes will give us around the same profit £9.94. Here is how the profit is generated for each of the outcomes:
1) The horse wins, so is also paid
Win part of the bet
Bookmaker ~ Profit of £325. Return of £375 (£50 stake x 7.5) - £50 win stake.
Exchange ~ loss of £331.27
Loss of -£6.27
Place part of the bet
Bookmaker ~ Profit of £65. Return of £115 (£50 stake x 7.5) - £50 win stake.
Exchange ~ loss of £48.79
Profit of +£16.21
Overall profit = £16.21 - £6.27 = £9.94 profit
2) The horse does not win, but is placed
Win part of the bet
Bookmaker ~ -£50 stake
Exchange ~ +43.71 (£46.01 lay stake - 5% Betfair commission)
Loss of -£6.29
Place part of the bet
Bookmaker ~ Profit of £65. Return of £115 (£50 stake x 7.5) - £50 win stake.
Exchange ~ loss of £48.79
Profit of +£16.21
Overall profit = £16.21 - £6.29 = £9.92 profit
3) The horse does not win and is not placed.
Win part of the bet
Bookmaker ~ -£50 stake
Exchange ~ +43.71 (£46.01 lay stake - 5% Betfair commission)
Loss of -£6.29
Place part of the bet
Bookmaker ~ -£50 stake
Exchange ~ +66.22
Profit of +£16.22
Overall profit = £16.22 - £6.29 = £9.93 profit