An each way bet is a bet made up of two parts: a WIN bet and a PLACE bet. Two bets of equal amounts are made; the first on a selection (horse) to win and the second on the same selection to place. A ‘win’ obviously means that the horse finishes the race first. The ‘place’ means that it finishes in any of the top positions. The exact number of positions paid out on a place bet varies bookie to bookie, but it’s usually the first 4 or 5. An each-way bet consists of two separate bets: a WIN bet and a PLACE bet. You bet twice. One on a horse to win, the second on the horse to place. A win means that the horse finishes first, and place means that the horse finishes in the top two, three or four. Usually, the place bet is at 1/4 or 1/5 of the win odds. Each Way bets enable punters to cover more places in a horse race, thereby reducing their risk and avoiding disappointment if a selection doesn’t win. EW betting is popular in unpredictable races — such as the Grand National — where the chance of selecting the outright winner is relatively low. What is an each-way bet? An each-way bet combines two bets into one; a win bet and a place bet. A $10 each-way bet means that the bettor is wagering $20 in total; $10 for the win and $10 for the place. If the runner finishes 2nd or 3rd, the bettor will receive the place dividend. If the runner wins, they will receive both the win and place dividend. Generally speaking, the place bet is paid out at anywhere between a third to a fifth of the odds offered on the win. As an each way bet is comprised of two separate bets it is also made up of two separate stakes. So, if you place a £10 each way bet on a horse to win your total stake will be £20. Each Way Betting Explained The main thing to understand if you are about to place an "Each Way" bet is that you are placing TWO equal sized bets . You are placing a bet on the horse winning the race and you are placing a bet on the horse finishing in the "places" for the race (what constitutes a "place" varies and will be explained later in this article). An each way bet is a bet made up of two parts: a WIN bet and a PLACE bet. Two bets of equal amounts are made; the first on a selection (horse) to win and the second on the same selection to place. A ‘win’ obviously means that the horse finishes the race first · An 'Each-way' bet is made up of two components, a win bet and a place, which means that if your selection wins the race, you are paid out on both, though should your horse only finish in the places, you will still receive a return at the place terms. For those looking to place a wager on a horse race each-way bets are a popular choice. The structure of an each-way bet is straightforward, with half of the stake going on the selection to win and half being bet on the selection to ‘place ... Each way in horse racing means a bet that will cover a selection if they happen to win the race, or if they place within designated finishing places. For example, Alloy Wheelbarrow is running in the Grand National at 20/1 odds. The Place Terms on the National are six places (because it’s a big field of runners) and at 1/4 odds. Why bet Each Way? Each Way betting gives you a return even if your horse doesn’t win. For bigger price horses, this could still be at significant odds. How does an Each Way bet work? When you place an Each Way bet, you are actually placing two wagers for twice the stake. The first part of the bet concerns the win, and for you to see a return from this part of the wager, your selection must be declared the event’s winner.
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