An each-way bet consists of two separate bets: a WIN bet and a PLACE bet. 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. Usually, the place bet is at 1/4 or 1/5 of the win odds. What Is An Each-Way Bet? Each-way bets are very common in racing, and starting to be a little bit more common in sporting events for events where there are gold, silver, bronze medals up for grabs. Most commonly in the racing side of things though, you can place an each-way bet on a horse you may not quite have the confidence in to place a bet on straight out for the win, as you may have in other sporting event. Each Way Bets are a form of betting which essentially sees the punter take two wagers in one and having Each Way Betting explained can help a punter weigh up the benefits of this type of bet. The purpose of an Each Way Bet is to cover your bases a little bit, in the event that you think a selection has a good chance of finishing in the Place Market but also has an outside shot of winning. An each way bet is a bet made up of two parts: a WIN bet and a PLACE bet. Two bets of equal amounts are made; the first on a selection (horse) to win and the second on the same selection to place. A ‘win’ obviously means that the horse finishes the race first. 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. What Does each way Mean? Each way betting is two bets, one bet for the selection to win and one bet for the selection to be placed in the race. The win part of the bet is paid at the full odds you take on your selection should it win. How to place an Each Way bet. Placing an each way bet is simple. When you add your selection to your betting slip you will see the each way or e/w box on the betting slip. Tick this box to make your bet each way. Remembering that it will double the amount you have entered as your stake. Example. Using the above bet as an example. Betting £10 An each way bet is a bet made up of two parts: a ‘win bet’ and a ‘place bet’. For example, if you’re placing an each way bet on a horserace, two bets of equal amounts are made on the same horse. One bet is for the horse to win (win bet) and the second is for the horse to place (place bet). Win Bet: If the horse wins the race, this bet is won When you place an Each Way bet, you are actually placing two wagers for twice the stake. The first part of the bet concerns the win, and for you to see a return from this part of the wager, your selection must be declared the event’s winner. A bet on a short priced horse each way places too much money on it being placed; and an EW bet on a horse at 20/1 places too much money on it winning. This can be evened out by splitting the stake in a better way into two separate bets a win bet and a place bet.
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