How Does an Each Way Bet Work?

Complete guide on How an Each Way Bet Works. Know about Each Way bets in Detail, Examples of Each-Way Bets, Rules and Regulations, Best Tips, FAQs, and much more!

How Does an Each-Way Bet Work?

An each-way bet is a bet with two bets of equal cost. Each-way betting is normally associated with horse racing, but you can still bet on other events such as football, golf, and reality TV. This bet gives you the chance to get a refund if the horse you back doesn’t win but instead finishes in the 2nd, 3rd, 4th or 5th place. Each-way betting means you are betting on two things. The first is that the horse will win, and the second is that it will finish anywhere up to the 5th place.

What are the Two Parts of an Each-Way Bet?

The first part of an each-way bet is a win bet, and the second part is the place bet. Each part of the bet must be an equal stake. For instance, a total of $10 will have $5 on the win and $5 on the place. In case your selection wins, both the win and place parts of your each-way bet will pay a return. In case your selection places, only the place section of the each-way bet will pay a return.

Win Bet

A win bet is a bet that wins if the selection wins the event in which they are competing.

Place Bet

A place bet is a bet that wins if the selection finishes within a specific amount of places.

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How to Make an Each-Way Bet?

To make a successful each-way bet, you must take note of three things. First, there are odds for the win part of your bet and odds for the place part of your bet. Second, each-way places tell you the positions your selection has to finish in for your place bet to win. Lastly, the odds on the place of your bet are a fraction of the win odds because your selection has a better chance of placing than winning. When you understand these factors, you can place your each-way bet successfully.

How to Win an Each-Way Bet?

If your horse comes home first, both the win and place parts of your bet will pay out. However, if your horse only places, you will lose the win part of your bet. You will still collect money on the place part of your bet if your horse finishes in the 2nd, 3rd, 4th, and 5th or 6th position.

How Much does one win in an Each-Way Bet?

Let’s assume your horse wins 1st at 40/1, and you have backed him for $5 each-way; the total will be $10. The $5 place portion of your bet will pay out $40, and your original $5 will be returned. If your horse didn’t win, you would lose the win portion of the bet and $5. However, you will still collect $40 on the place portion of the wager plus the $5 of your original bet.

Examples of Each-Way Bet Payouts

• If you stake $5, with odds of 5/1, you will win $5.

• A stake of $5 with quoted odds of 8/1 will earn you a win of $8

• A stake of $5 with quoted odds of 10/1 will earn you $10.

Where to Place an Each-Way Bet

• Unibet

• SugarHouse

• BetRivers

• Fox Bet

• Bet365

New BetRivers players get up to a $500 free bet

Advantages of Each-Way Bet

• Your selection doesn’t need to win, for you get a return.

• This kind of bet can give you a higher chance of winning.

• This kind of bet is low-risk, low-gain.

• If there is no clear favorite, you can get long odds that will work favorably.

Disadvantages of Each-Way Bet

• Your stake is multiplied by two, so you will need to risk more money.

• Low odds might mean that your potential winnings will be low.

• The lower gains you get from this kind of bet are also a disadvantage.

Each-Way Bet FAQs

Which sports are the best for each-way betting?

Horse racing is the most prevalent sport, but you can also bet on football, Formula One, and golf.

Are there other each-way options?

Certain bookmakers offer place betting, but this eliminates the chance to win via the win part of the bet. The bets offered for place betting are usually not as lucrative as each-way wagers.

How does each-way betting work?

An each-way bet works as a bet of two parts, with one part for a win and one for a place. So, if your horse doesn’t win the race but is placed, you will still get a return. Each-way betting is always the best option when you prefer a selection at longer odds, but you want to add extra insurance in case it finishes 2nd or 3rd.

What sports can you bet on each way?

• Horse racing

• Golf

• Formula One

• Motorsports

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How do I decide if an Each-Way bet is worth it?

Ask yourself the following questions:

• Will you at least break even if your selection places?

Consider the win odds and place odds for your selection when deciding if to back them each way. This is because you will lose money on your bet if the place odds aren’t even numbers or more.

• Are there enough places to make an each-way bet valuable?

This is vital in horse racing, as the number of each-way places on offer can change according to the number of runners in a race.

Where can I place an Each-Way Bet?

At any high-street bookmakers or online.