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.
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.
Win and Each Way simply means that these odds are available for both win bets and Each Way bets. You may also see this written as “Win / Each Way” or “Win or Each Way”. Other types of markets may be “Place Only” – you win your bet if the horse places (it doesn’t make a difference to the odds if they win or not) or “Without the ...
In an Each Way bet the place portion of your bet will normally vary depending on the amount of runners. Generally, up to 5 runners will be win only, up to 7 runners 2 places and up to 11 runners 3 places. This can vary and many bookmakers offer Extra Place promotions on specific events or races.
Each part of the bet must be an equal stake, e.g. a £5 each way bet will have £5 on the ‘Win’ and £5 on the ‘Place’ making a total of £10. The ‘Win’ part of your bet is on your horse to finish first, and the ‘Place’ part is on your horse to finish either first or in one of the places, e.g. 2nd, 3rd, 4th (5th or 6th with selected bookmakers).
Each Way is a two-part bet which applies to horse racing. Your stake is split into two equal parts of the same amount: 1. The ‘Win’ Part. If the horse comes 1st place then this half of the bet wins (else it loses). Punters are paid out as per any standard ‘Win’ bet. 2.
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 ...
With horse racing accumulators, if your bet includes six horses to win and one is eventually declared a non-runner, the accumulator is downgraded from a six-fold bet to a five-fold bet, with your potential winnings downgraded to the combined odds of the remaining five selections.
The horse racing betting market is an exceptionally strong one, so why not use that to our advantage? By using market prices we are able to consistently find value across all the main online bookmakers by betting each way on horse racing.