If you’ve placed a few bets, and horse racing bet in particular, then you’ve very probably come across the term each way betting. But what does each way mean in betting? Does it only apply to horse racing, or do other sports have each way betting opportunities? Can you, for example, place an each way bet on a football match?
This page will fully explain what does each way mean in betting, how does an each way bet work, and what does each way mean in horse betting in particular.
By and large, each way betting applies to horse racing and greyhounds. When you place an each way bet, you split your stake in half. Half of your bet goes on a ‘win’ bet, and half of your bet goes on a ‘place’ bet. If your chosen selection wins, then both your win bet and your place bet wins. If your chosen selection places, then your win bet does not win, but your place bet does. Naturally, if your chosen selection fails to win or place, then this type of wager won’t return you a single cent!
The win side of your each way bet is easy to understand. If you place a £2 horse racing each way bet on a horse at Evens and it wins, then you will get back £2 – your £1 stake (remember that your stake for an each way bet is split in half) and your £1 winnings at Evens.
A place bet is usually a bet on a selection placing, i.e. finishing within the accepted place positions. In horse racing, this is usually first, second, third or fourth, but it can vary depending upon the number of runners (see below). In greyhounds a place position is always first or second, because there are six dogs in every greyhound race.
A place bet also usually pays out at one quarter of the odds. In our example bet above, the £1 side of your each way bet would give you back £1 as your stake, and £0.25 as your winnings if your selection places, for a total of £1.25.
Therefore, if your selection wins you will get bet a total of £3.25 for your £2 each way bet using our each way bet example. If, however your selection only places, then you will get back £1.25. If your selection does not win or place, then you will lose your £2 stake.
NOTE: A handicap race, like the Grand National, is one whether horses are allocated to carry extra weight in order to even the playing field a little.
Each way betting mainly applies to horse racing and greyhounds, but you may be able to place an each way football bet on outrights. Very few online betting sites in the UK offer each way betting on football, but you can always construct your own ‘each way’ bet if you want.
For example, most bookies will offers odds on a side to win the EPL, and they will also offers odds on a side to finish in the top four. You can therefore create your own each way bet by betting on the same team in both outrights using the same stake.
You can also do the same for cup competitions by betting on a side to win, and betting on the same side to reach the semi-finals of the competition. For some major cup competitions such as the FIFA World Cup, specific bookies may offer you specific each way bets on certain teams.
Continuing our explanation of what does each way mean in betting, after horse racing and greyhounds, golf is the most likely sport in which a bookie may offer each way betting. Golfing tournaments have leaderboards, and the player at the top of the leaderboard at the end of a tournament is declared the winner. Players close to the top of the leaderboard also win prizes, so in effect they ‘place’.
Specific bookmakers in the UK might offer a golf each bet opportunity at the start of a major tournament, however there are no specific rules about what constitutes a place, and the fraction of the odds that are paid out. If you are going to place an each way on golf, then check the terms and conditions related to the event and at the bookies you are placing the bet at.
Again, bookies offering each way bets on tennis tournaments are rare. You may, for a big tournament such as a major, find a bookie that offers each way bets on competitors. This will usually mean that half your bet goes on the competitor winning the competition, and half on them reaching the semi-finals at least.
Just as with football betting, you can make your own each way bets in tennis too. Just place half your stake on a player winning a tournament, and half on the same player at least reaching the semi-finals.
Placing an each way bet is super easy, but just in case you’ve never placed an each way bet before, we are going to walk you through the process.
Here, we have signed up for and signed into our account at bet365. We have perused the day’s horse racing listings, and have decided our best bet for an each way bet is Miss Wachit in the 2.45 at Southwell.
As you can see, Miss Wachit is at 9.00 (10.1) in an 11-horse racing. As this is not a handicap race, then the odds for a horse racing each way bet are one-fifth of the odds for three places – however thanks to bet365’s ‘Enhanced E/W’ deal, this betting site will actually pay for four places as opposed to the normal three.
To add Miss Wachit to our betting slip all we need to do is click on the odds.
Here is our bet slip. We have checked the E/W check box to make sure that bet365 accepts our bet as an each way bet, and not a win bet. Our stake is ‘per unit’ and as we are placing two bets with an each way bet (both win and place), our total stake (£4) is twice our unit stake (£2).
To place our each way bet, we just need to hit the ‘Place Bet’ button. You can see that our potential returns from our each way bet are £23.20. We’ll explain how this has been calculated by bet365 below.
It is relatively simple to calculate each way bet payouts. You just have to split your overall stake in two, and calculate using the odds and each way fraction provided.
Let’s look at our Miss Wachit bet. Our win part is easy to calculate:
The place part is just as easy. We just take our win return and apply the ‘each way’ fraction that’s indicated by the sports betting site at which we placed our bet. With our example bet, a place bet pays out at a fifth of the odds of a win bet.
Those that are good at maths will notice an anomaly here – how can 9.00 divided by five equal 2.6? The answer is we are not dividing a decimal – we are dividing decimals odds. When dividing decimal odds, the maths is as follows:
Therefore, the calculation from our example is as follows:
To get our potential place winnings, we just multiple our stake by the place odds, as we have done above.
As working out place odds can be a little tricky as it involves knowing the ‘formula’ as opposed to simply doing the maths, it might be better to use our each way bet calculator.
While at an online bookie you may across each way extra meaning that the specific bookie will offer each way extra betting opportunities. This is where you can select your own number of places for your own bet, albeit for reduced odds. You can, for example improve the odds for your place selection greatly if you declare you are happy to accept only first and second as place bet payout finishes.
To see if your bookie offers each way extra, check the racecard of any race at the site. You will be able to see each way extra prices if they are offered.
So, what are the main advantages of each way betting? Here we've picked up five points that make each way betting more advantageous than simple 'to win' betting. Now you know what does each way mean in betting, you can digest these advantages and consider whether to add each way bets to your normal betting system.
Know you know what the each way meaning is, and how you can place each way bets, you’re probably keen to get your each way bets on. Before you do so, here are a few each way betting tips from our site betting experts that you ought to take notice of.
So, when should you bet each way, and when should you bet to win? The advantage of betting to win is that your payouts are bigger. The advantage of betting each way is there’s more chance of a return from a bet. It really is up to you whether, for a specific bet, it is better to bet to win, or bet each way meaning your betting to win and place at the same time.
One tactic you can use is to bet on a low-priced runner to win, and then bet on a selection that has higher odds but still has a chance of winning each way in the same race. That way you are covering your bet twice – once with a different selection and again with a place bet on that second selection. Alternatively, you could just place a win bet and a place bet on different selections in the same race.
If you new to horse racing (or greyhound betting) you may want to start off with each way betting, especially if – initially at least – you’re not expert enough to pick winners on a regular basis. If you are a seasoned bettor but are currently on a losing streak, then switching to each way betting for a while may pay you a greater level of success.
All UK bookies will allow you to place each way bets, but we’ve selected five for you that are especially effective sites for each way betting, with enhanced deals and extra places offers frequently available.
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Now you know what does each way mean in betting on horse racing, greyhounds and other sports, you’ll probably be keen to place your first each way bet, or to continue placing each way bets if you already do so. We’ve explained how does an each way bet work, and told you how to work out potential each way bet winnings (or just use our each way bet calculator).
Betting each way gives you more chance of getting returns back from your bets, even if you suck at picking out winners! Choose one of our highest-rated UK online betting sites and start placing your each way bets today.
In football betting, ‘each way’ refers to a type of bet where you can place two separate wagers on the same team or outcome. The first bet is for the team to win, and the second bet is for the team to finish within a certain range of positions, usually in the top two, three, or four, depending on the bookmaker’s terms. If the team wins, both bets are successful. If the team finishes within the specified range, only the second bet is successful, but at reduced odds.
In horse betting, “each way” means that you are placing two bets on the same horse. The first bet is for the horse to win, and the second bet is for the horse to place, meaning it finishes in one of the predetermined positions, typically the top two, three, or four, depending on the race and bookmaker’s rules. If the horse wins, both bets are successful. If the horse only places, the second bet pays out at reduced odds.
In tennis betting, ‘each way’ is not commonly used. Typically, tennis bets are based on the outcome of the match, such as predicting the winner or the total number of sets played. However, if a bookmaker offers each-way betting for tennis, it would mean placing two bets on the same player: one for them to win the tournament and the other for them to reach the final or finish within a specified number of places, with reduced odds.
In golf betting, ‘each way’ is a popular option. It means placing two separate bets on the same golfer: one for them to win the tournament and the other for them to finish within a specified range of positions, usually the top four or top five, depending on the bookmaker’s terms. If the golfer wins, both bets are successful. If the golfer finishes within the specified range, only the second bet is successful, but at reduced odds.
An each-way bet works by placing two equal-stake bets: one for the selection to win and one for the selection to place. The place part of the bet pays out if the selection finishes within a predetermined range of positions, depending on the sport and the bookmaker’s rules. The place odds are typically a fraction of the win odds. If the selection wins, both the win and place bets are successful. If the selection only places, the win bet is lost, but the place bet pays out at the reduced place odds.