What is Each Way Betting?

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Published: Feb 28, 2023 - Last Updated: Feb 29, 2024

What is each way betting? That’s a great question, and with this handy betting guide, we’re here to answer it. Each way betting is a two-part bet that is typically placed on horse racing events. The first part of the bet is for the horse to win the race, while the second part is for the horse to finish in a predetermined place, usually second or third. The return on each part of the bet is determined by the odds of the horse and the number of runners in the race.

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For example, if a bettor places an each-way bet on a horse at odds of 10/1 and the horse finishes in second place in a race with eight runners, the bettor would win the second part of the bet, which is for the horse to finish in the predetermined place. This win would be equal to a fraction of the odds, usually one-quarter or one-fifth, depending on the number of runners in the race. 

Read also: How to read betting odds

How Does Betting Each Way Work?

Each-way betting is a type of bet that allows a punter to place two separate bets on the same event or participant, with each bet covering a different outcome. Here’s how it works:

how does betting each way work

Where can Each Way Bets be Used?

Each-way betting can be implemented in various types of sports and events, including:

How to Apply Each Way Bets to Esports Stakes

Applying each way betting to esports works the same way as regular horse betting each way by following the game’s possible outcomes

Continue reading: Get acquainted with more key terms in our Esports Terminology Guide.

what is each way betting

Each Way Betting Video Explainer

What are the Benefits of Each Way Betting?

There are several benefits of each-way betting, including:

  1. Increased chances of winning: Each-way betting increases a punter’s chances of winning, as they are betting on the selection to either win or place. This means that even if the selection doesn’t win, a punter can still win their place bet.
  2. Reduced risk: Each-way betting allows punters to spread their risk across two bets, reducing the overall risk associated with a single bet.
  3. Increased value: In some cases, the place odds for an each-way bet may be higher than the win odds, offering punters the opportunity to receive better value for their bet.
  4. Flexibility: Each-way betting provides punters with the flexibility to bet on a selection to either win or place, allowing them to adjust their betting strategy based on their level of confidence in the selection.
  5. Variety: Each-way betting is available in a variety of sports, including horse racing, golf, football, tennis, and esports, allowing punters to bet on a range of different events and markets.

It is important to note that each-way betting is subject to the terms and conditions of the bookmaker, and the terms may vary between bookmakers. Some bookmakers may offer different odds for the “win” and “place” parts of the bet, while others may offer the same odds for both parts. It is also worth noting that some bookmakers may not offer each-way betting on esports events. So, that ultimately answers the question, ‘what is each way betting?’

To learn more about being more profitable in your wagers, check out our handy betting guides.

Grant Taylor-Hill

Since: February 12, 2021

Grant is a lifelong, multi-platform gamer with a passion for journalism and more than ten years' experience in the industry. He'll try any game once, and when he's not playing them, he's watching them, being as he is an avid esports fan.

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