What Is Each Way Betting?

Betting Guide / Betting Strategy

March 11,2024
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Jake Woodward

Deciphering Each Way Betting: A Complete Guide

It is one betting strategy that is commonly used in horse racing. It’s prevalent in that betting space because it helps bettors protect their wager if things don’t go as planned. To better understand what this tactic is and all it entails, we’ll be going into further details now.

Each Way Betting – What It Is

In a nutshell, each way betting is an improvement on the standard wager. The bet is composed of two sides – the WIN bet and the PLACE bet. What this means, in essence, is that you can bet on a horse to WIN and place First, Second, Third, Fourth, or Fifth as the case may be. For example, assuming you place a $10 each way bet, what you are betting is $10 that the horse will WIN and another $10 that it will PLACE. So, if the horse wins the race, you’ve made the WIN bet, and the horse placed first to win, so you get the PLACE bet as well. To see how this style of betting works more comprehensively, here is a guide you can follow.

A Starter’s Guide To Each Way Betting

First, you need to do when placing this type of bet on horse racing is to look through the selection and decide just how much you’re willing to stake. Next, place your wager that your horse will WIN. From here, you can also place a wager that it will PLACE in First, Second, Third, Fourth, and so on, and it depends on how many horses are in the race. As a reminder, you must match the WIN bet to the PLACE bet. That means that if you’re betting $20 on Horse A to win, you must bet an equal amount that it will place. As such, your total bet, in this case, would be $40.

Odds For Place In Each Way Betting

The odds for PLACE bets are calculated differently from that of WIN bets. PLACE bets are typically a fraction of the winning selection. As such, they appear as 1/2, 1/3, 1/5, and so on. Places for each horse racing event are directly tied to the number of horses and the bookie you’re taking. Because of this, before placing your wager, sure you have looked through the terms and conditions of the bookie. Once you agree to those, you can then proceed with your betting session.

Does Each Way Bet Feature In Other Sports?

Due to the unique nature of this betting system and the number of participants that it often demands to be effective, it isn’t a ubiquitous sight outside horse racing. However, other places you can get this type of action include greyhound racing, Formula 1 motor racing, cycling competitions, and Golf Masters.

Regardless of where you intend to apply it, the basic principles are the same. So, be sure you understand those before you delve in. And with this, you know all there is to know about each way betting!

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