What does each way mean? Each way is a term used to describe a type of bet that is split into two parts: a win bet and a place bet. Both bets are of equal value, so a £5 each-way bet will be split into a £2.50 win bet and a £2.50 place bet.
An each way bet is essentially two separate bets placed at the same time: a win bet and a place bet. For the win portion of the bet to payout the selection must win outright, while for the place portion of the bet to payout the selection must either win outright or finish in one of the ‘places’ outlined by the sportsbook.
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each-way bets - the place part of the bet must be placed at odds of 1.40 (2/5) or over system bets - each selection must be placed at odds of 1.40 (2/5) or over 2.
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