What is an each way bet: a quick overview. An each way bet is two equal bets that are combined to make one bet: a WIN bet for the horse to win, and a PLACE bet for the same horse to finish in one of the places. This is where the term ‘each way’ comes from. The places are usually the first 3 or 4 horses to finish depending on how many Usually only offered in racing and ‘outright’ market contexts, an Each Way bet allows the customer to stake money on both their selection winning and finishing in one of the pre-set place positions (second, third etc.). Why bet Each Way? Each Way betting gives you a return even if your horse doesn’t win. 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 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 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. An alternative horse racing accumulator bet involves each-way betting. An each-way accumulator is a two-part bet, designed to ensure punters get something back if their runners fail to win outright but manage to place. The first part of an each-way accumulator is the standard accumulator bet — placing one bet on four or more selections to win their races. 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. Each way bets are accepted on horse races of five or more runners; Each way bets on horse racing are made up of two equal stakes meaning that a £5 each way bet has a total stake of £10. One stake is bet on the horse to win the race and the other stake is bet on the horse to be placed in the race. Each Way Bets are a form of betting which essentially sees the punter take two wagers in one and having Each Way Betting explained can help a punter weigh up the benefits of this type of bet. The purpose of an Each Way Bet is to cover your bases a little bit, in the event that you think a selection has a good chance of finishing in the Place Market but also has an outside shot of winning. 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.
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