What is an each-way bet, what are the advantages and disadvantages of this popular bet type and how can you place one? Find out more in our betting guide.
If you’re not too familiar with betting each way (ew), it is a great way of maximising your chances of getting a return. This is because you can make money if your selection is not the outright winner.
Each-way betting is very common in horse racing especially in big fields such as the Grand National, Ayr Gold Cup and other competitive handicap races. We’ll give you a detailed breakdown of exactly what this type of betting is, how it works and how you can use it to potentially maximise your profits.
- 1 What is an Each Way Bet?
- 2 How Does an Each Way Bet Pay Out?
- 3 Each Way Bets on Horse Racing
- 4 Other Sports to Bet Each Way On
- 5 Can You Bet Each Way on Accumulators?
- 6 Which Bookmakers Accept Each Way Betting?
- 7 Advantages of Each Way Bets
- 8 Disadvantages of Each Way Betting
- 9 Each Way Bet Calculator
- 10 Frequently Asked Questions
- 11 Summary
What is an Each Way Bet?
It is a bet actually consisting of two parts; the first is for your selection to win and the second is for it to place. The place terms will depend on the number of runners in the race.
Typically “a place” and place terms are as below:
- Less than 4 runners – just the first horse
- 5-7 runners – number of places is the top 2 horses
- 8 – 15 runners – number of places is the top 3 horses
- 16 and more runners – the number of places is the top 4 horses
You’ll also need to remember that some races and events pay ¼ odds for a place and some pay 1/5 odds. So make sure you check these terms when placing your ew bet, as it will affect your potential returns.
What About Your Stake?
As this works as two separate bets, your unit stake is doubled. For example, if you place a £1 each way bet, the total stake will be £2.
The major advantage of placing this style of bet is that your selection doesn’t have to win in order for you to get a return.
However, it’s worth remembering that if you’ve chosen a selection with short odds, you may not make your stake back if it only places.
How Does an Each Way Bet Pay Out?
So, now you know what each way bets are, we’ll show you an example of how this type of bet pays out.
Let’s say, for example, you place a £1 each way bet (total stake £2) on a horse at 12/1, in a race that is paying ¼ odds for a place. If your horse wins, you’ll receive £13 back for the win part of the bet and £4 for the place part, giving you a total return of £17.
If your horse was to come second or third then the win part of your bet would be a loser. But you’d still receive the £4 for the place part of the bet, giving you a £2 profit on your original £2 bet.
Most punters choose to place these bets on slightly longer odds. With this, you can still get a pretty healthy return if your horse doesn’t actually win, but manages to come in the top 3 or 4.
Each Way Bets on Horse Racing
Each way bets on racing is extremely popular. This is because it’s a great way of potentially getting a return without your horse actually winning the race (and if your horse does win, even better!). Here are some examples of when you might place an each-way bet, rather than a straight win bet.
- There is a short-priced favourite in the race that perhaps isn’t worth ‘backing’.
- The horse you have selected is an outsider that you may not think will win the race, but might just sneak a place.
- You are betting on more than one horse in the race.
The general rule of thumb is that you should only really be betting each way if a horse has odds of 4/1 or better. That’s because anything less than 4/1 really doesn’t represent value for money. You will be due to make a loss if your horse fails to win the race.
Other Sports to Bet Each Way On
As mentioned, each way bets on racing are by far the most popular. But there is also great value in placing these kinds of bets on other sports, too – golf in particular.
During golf tournaments, there are often some great players and really good prices. This is thanks largely to the sheer number of players that participate. So it’s a great way to potentially bag a big winner.
During the major tournaments, such as the Masters and the US Open, bookmakers often have special offers on and will often pay up to 10 places. So keep an eye out for these golf betting opportunities.
Can You Bet Each Way on Accumulators?
Yes, you can put on an each-way bet on an accumulator. You will have one multiple for all the winning bets to come in, then another multiple for all the place bets to come in.
This makes these kinds of bets quite difficult to win, but the winnings are likely to be big.
Which Bookmakers Accept Each Way Betting?
The below top online bookies all accept each ways:
Some of the above are currently offering free bets to new customers.
Advantages of Each Way Bets
- This kind of bet can give you a better chance of winning
- It is considered a lower risk, lower gain bet type
- If there is no clear favourite, you can get long odds which work out favourably
Disadvantages of Each Way Betting
- Your stake is doubled so you have to risk more money
- Low odds might mean your potential winnings aren’t so great
- Some may see the lower gains as a disadvantage
Each Way Bet Calculator
Hopefully, you’ve processed that and are now pretty comfortable with the concept of each-way betting. However, if you feel like you need a little more help, why not have a go at using an easy to understand bet calculator. It can help you work out possible returns on your bets.
Frequently Asked Questions
Here are the most popular questions we get asked:
How does a each way bet work?
It is a bet of two parts – one part for a win and one for a place. So if your horse doesn’t win the race but is placed you will get a return.
How many places is an each way bet?
It depends on the size of the field and the place terms but for 5-7 runners it is two places, 8-15 three places, 16 plus is four places. Some online bookmakers will offer more places terms as a way of promotion.
Is an each way bet worth it?
Yes, if you think a horse has a good chance but may not necessarily win.
An each way bet is one of the most popular in horse racing, especially in big competitive fields. As mentioned place terms are determined by the size of the fields which we explain above.
Good luck with your betting and remember to always bet responsibly!