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Decimal odds

What Is Each Way Betting?

Each way betting, commonly referred to as EW, has been very popular with punters for many decades typically with horse racing.

Each Way Betting Explained

Placing a bet each-way means that you are placing an equal amount on that horse to win or come a place, usually 2nd or 3rd.So for example, if you have placed a £10 each-way on a horse in a particular race, it means that you have placed £10 on the horse to win and £10 on the horse to run a place.

Why is Each Way betting so popular?

Why this form of betting is so popular is because should your horse fail to win, so long as it comes a place, you will typically win enough back to cover your initial stake. So in some ways its a form of safety betting.

What odds will you receive for your place bet?

The odds for the place bet is usually 1/5 of the odds for a win, sometimes 1/4.

An Example

So let’s say for example a horse is 11.00 to win a race (10 to 1).

Unfortunately for you, your horse doesn’t win. But fortunately, it runs 3rd. You’ve put £10 each-way on that horse. Receiving 1/5 the win odds for a place will see you get odds of 3.00 (2 to 1) for the £10 place portion of your each-way wager.

This will give you a full return of £30. After we deduct our total stake of £20 (£10 each-way) you have made a profit of £10. Not bad going for a horse that didn’t even win.

And just imagine had your horse won! You can see why each way betting is so popular.