Each-way (E/W)
Two bets in one: half your stake on the selection to win, half on it to place. If it wins you collect both; if it only places, the place part pays.
An each-way bet is really two bets: half your stake on the selection to win and half on it to place (finish in the top few positions).
How it works
If your selection wins, both the win and place parts pay out. If it only places, the place part pays at a fraction of the odds (set by the place terms). It's popular in horse racing and golf where large fields make placing valuable.
Worked example
£10 each-way (£20 total) on a 10.0 horse, 1/5 odds 4 places: a win returns the win part (£100) plus the place part (£28); a place-only returns £28.
Pros
- Return even if your selection only places
- Great value in big fields at big prices
Cons
- Doubles your total stake
- Poor value on short-priced runners
Tips
- Always check the place terms before betting.
- Each-way shines at bigger odds in large fields.
FAQ
- What does each-way mean?
- It's two bets: one on your selection to win and one on it to place. You stake the same on each, so a £10 each-way bet costs £20.
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