Each way betting (EW or E/W) is a popular form of betting, usually done on horse racing. It can be used by bettors as a form of insurance should their chosen horse/horses narrowly fail to win. The place part of the bet effectively increases their chance of making a return, even if it’s not the full amount a win would have brought.
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What is Each Way betting? Usually only offered in racing and ‘outright’ market contexts, an Each Way bet allows the customer to stake money on both their selection winning and finishing in one of the pre-set place positions (second, third etc.). Why bet Each Way? Each Way betting gives you a return even if your horse doesn’t win.
Each Way Bet Calculator. The each way bet is a single selection wager consisting of 2 equal parts: a win bet and a place bet. Learn more. An each way bet is particularly popular in horse racing and golf betting.
A $10 each-way bet means that the bettor is wagering $20 in total; $10 for the win and $10 for the place. If the runner finishes 2nd or 3rd, the bettor will receive the place dividend. If the runner wins, they will receive both the win and place dividend. Each-way betting is synonymous with betting on horses in Australia.
That’s where the ‘Each-Way’ bet makes more sense. It essentially gives you the chance to get a return on your money if the horse you back doesn’t win but instead finishes in 2nd, 3rd, 4th or 5th place. Each-way means you are betting on two things. The first is that the horse will win. The second is that it will finish anywhere up to 5th place.
Handicap races with 8 – 11 runners – ⅕ odds 1st, 2nd and 3rd place. Handicaps races with 12 – 15 runners – ¼ odds 1st, 2nd and 3rd place. Handicap races with 16 or more runners – ¼ odds 1st, 2nd, 3rd and 4th place. You may have heard punters say ‘it’s an each way price” just because the selection is a ‘big’ price.
An each way bet is essentially two equal bets placed on one selection – one part placed on a horse to win and the other on the horse to place. A £10 each way bet would total £20, with £10 on the win and £10 on the place.
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