Win money even if your horse doesn’t win, but finishes 2nd, 3rd or even 4th depending on the race! Available on many sports and ante post bets, not just football. Get either 1/4th or 1/5th of the odds to win on your Each Way bet. Effectively means putting on two bets; one to win, and one to “place”.
An each way bet is a bet promoted by various online horse racing bookmakers, consisting of two different wagers, a bet for ‘place’ and a bet to ‘win’. In order for the ‘win’ aspect of the wager to come through, the particular bet must win or finish in the first place.
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Each-way multiples, on horses who are all likely to make the places, can be one of the best ways to bet on horse racing, although it is the sort of practice that may in time attract the attention of bookmakers.
Each way betting (EW or E/W) is a popular form of betting, usually done on horse racing. It can be used by bettors as a form of insurance should their chosen horse/horses narrowly fail to win. The place part of the bet effectively increases their chance of making a return, even if it’s not the full amount a win would have brought.
Each way matched betting is a profitable strategy to create value out of horse racing bets. Betting each way on horses gives us an advantage because bookmakers don’t set the place odds according to probability. They are simply always tied to the win odds (a 1/4 or 1/5 fraction of the win price).
An each way bet is essentially two equal bets placed on one selection – one part placed on a horse to win and the other on the horse to place. A £10 each way bet would total £20, with £10 on the win and £10 on the place. If the horse is victorious, both parts of the bet are paid out, but if the horse finishes placed, but doesn’t win, only the place part is paid out. Each Way Terms. The each way terms differ depending on the race type and the size of the field: Non-Handicap Races
There are specific rules that bookmakers must follow for each-way bets in horse racing. They are based on the number of horses running in a race. Runners: 1 – 4 runners – No Places – Win Only bet 5 – 7 runners – 1/4 Odds – 1st & 2nd place only 8+ runners – 1/5 odds – 1st, 2nd and 3rd place
The initial part of an each-way bet is picking a winner in a specific horse race. The second part is the defining ‘each way’ aspect, where you are getting a return for a horse that finishes anywhere up to 5th place. Simply put, if you're backing an each-way bet in horse racing, your bet is placed into the parts: the 'win' and the 'place'.