An each way bet means you can bet on a horse to win or to finish in one of the first few places usually up to 4 which means that you have a better chance of winning some money. This guide will show you how to combine each way betting and matched betting to unlock even more value from bookmaker offers. But what does each way mean in betting? However, when you bet each way, the odds are reduced. The markets that are ideal candidates for each way betting are horse racing and golf.
Essentially, you should be able to place an each way bet on a sport or event where there is a whole field of entrants, rather than football for example, where there are only two teams competing. Your betting slip will also show you the number of places the bookmaker is willing to pay out to.
For example, in motorsport, bookmakers will often only pay out to the first two places, whereas in horse racing events like the Grand National, it stretches to the first four places. If you place an each way bet and your horse wins, both the win and place parts of your bet will pay out. You bet twice. One on a horse to win, the second on the horse to place.
A win means that the horse finishes first, and place means that the horse finishes in the top two, three or four. Here is a short but concise summary of each-way betting:. Each-way betting is very simple. You can find the EW option on your betting slip when you choose a horse to win.
In this example, we are betting on Verbal Fencing at the Curragh race. The odds for a win are at We will use the Betfair sportsbook. The maths behind this is very simple. In this case, we lose the win bet but win the place bet. On your betting slip, you will see a small box — this gives you the option of placing an EW bet.
Tick the box, and your stake will be doubled into two bets. While you can go about calculating your bets with an each-way calculator, most betting sites show you exactly how much you can win by ticking the EW box. This is obvious. We assume you know what odds are, whether fractional or decimal. Our odds converter can help you if you are confused. In the example below, there are 2 places, which means winner plus second or third place pay out for the place bet. As long as your horse finishes first, second or third, you win the bet.
Pay attention as sometimes there are three places, meaning you also win the bet if your horse places fourth. Other bookies use different notations, such as Each Way 1 — 2 — 3, or Each Way 1 — 2 — 3 — 4. Again, feel free to use our odds conversion calculator linked above to help you do the maths. Looking to bet each way? Then don't miss out on Betfair's Each Way Edge promo!
Each-way betting calculators help punters effortlessly calculate their each-way bets and how much they stand to earn for each number of places they choose. We are currently in the process of building our own each-way bet calculator which will be published here soon, so watch this space for the latest updates!
In the meantime, check out our bet calculators page for lots of other useful tools to help you with your number-crunching. Not all races have the same number of horses; because of this, place terms are different depending on how many horses are in the races.
Bookies have different terms for what happens if a horse drops out of a race. Depending on how many horses drop out, place terms can be changed from first 3 places to first 2 places. While each-way betting is most prominent in horse racing , you will also find it for plenty of other sports including football and golf. Each-way bets in football are usually for the outright market. While you can pick an outright winner, you can also place an extra bet that that winner will place at least third or fourth.
Each-way bets are even more common in golf than in football. Betting on a tournament winner can be hard, but if you place an EW bet, you place a second bet that the golfer will end up in the top Different bookies offer different terms when it comes to each-way bets, both for horse racing and golf tournaments. Place terms vary, as well as the EW fraction. Several bookies offer specific promos for EW bets, where you can choose between a lower EW fraction or more qualifying places. Both Betfair and bet have this type of promotion.
While you can find each-way bets for most races, the question you should obviously ask yourself is when each-way bets have value. As you might guess, a lot depends on the odds. This means that if you lose your win bet, your place bet will at least cover your losses, as long as your horse places.
Of course, this is not for the absolute favourites. There are several types of each-way accas. If one element of the bet loses, it is voided; however, the other element is still valid and can be multiplied by the same element on the rest of the bet slip.
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