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. 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. The each-way terms offered mean that if the horse finishes in the first four places, your bet is paid at 4/1 (a quarter of the odds offered). If the horse wins, you will be paid £22. Of that total, £17 is for the win-only bet at odds of 16/1 while the other £5 comes from the each-way part of the bet at 4/1. One of the most popular is the each-way bet. An each-way basically consists of two separate bets; a win bet and a place bet. For the win part of the bet to give a return the selection must win or finish first in the event. For the place part of the bet to give a return the selection must either win or finish in one of the predetermined ‘places’ for the event. The odds paid on the place part of the bet are usually a fraction (commonly , , or ) of the win Horse Racing – As we touched on above, the Grand National is an event that is almost perfectly suited to each way betting. With around 40 horses in the field and an incredibly demanding course to go around, the Grand National is a very difficult race to call. If you’ve backed a horse that finishes in the top six places you deserve to win something which is why so many people back their horses each way. 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). The most popular way to back a horse in the Grand National is the Each Way bet. It’s easy to understand why most people prefer this type of wager on the National, as the bet covers a horse finishing in any of the first four places. If you bet online with Betfair they’ll usually extend the finishing positions out to the first five places. An each way bet is a bet made up of two parts: a ‘win bet’ and a ‘place bet’. For example, if you’re placing an each way bet on a horserace, two bets of equal amounts are made on the same horse. One bet is for the horse to win (win bet) and the second is for the horse to place (place bet). Win Bet: If the horse wins the race, this bet is won 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. An each-way bet, or ‘ew bet, is two bets: one bet for the selection to win and one bet for the selection to place. The place part of your bet will be settled in accordance with the place terms stated for the event. So if you say “I had a £10 each-way on that winning horse” it means you had a £10 win bet and also a £10 place bet on that winning horse. You staked a total of £20.
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