What is each-way betting? Well, if you have ever visited the horse racing page of any major bookie, you havꦆe probably seen an option for ea💎ch-way (EW) bets. In this article, we will explain each-way betting and how it works.
- 1 What is Each-Way Betting?
- 2 Each-Way Betting Calculator
- 3 How Does Each-Way Betting Work?
- 4 How to Place an Each-Way Bet
- 5 EW Terms
- 6 Each-Way Betting in Other Sports
- 7 EW Bets for the Most Famous Go♎lf and Racing Events
- 8 Each-Way Betting Strategy
- 9 Each-Way Accas or Multiples
- 10 Other Common Betting Terms
- 11 ThePuntersPage Final Say
- 12 Each-Way Betting FAQs
What is Each-Way Betting?
An each-way bet consists of two separate bets: a WIN bet and a PLACE bet. This means that you're placing a bet on a horse to win, and another on a horse to place. A win means that the horse finishes first👍, and place means that the horse finishes in the top two, three or four. Usually, the place bet is at 1/♏4 or 1/5 of the win odds.
Here is ꧟a short but concise summary of each-way betting:
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Your first bet is on the horse to win.
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Your second bet is for the horse to place. If the horse is in the top two, three or four, you wi🦋n this bet. The second bet is usually at ¼ or 1/5🥀 of the odds.
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Keep in mind that, if you bet £10 each-way, you are actua🀅lly betting £20, and not two bets of £5. By choosing EW, you double your stake.
Each-Way Betting Calculator
Each-way betting calculators help punters easily calculate their each-way bets and how much they stand to earn for each number of places they choose. Feel free to use our free calculatꦰor below:
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How To Use Our Each-Way Calculator
Check out our bet calculators page for lo🦩ts of other useful tools 💛to help you with your number-crunching.
How Does Each-Way Betting Work?
Each-way betting is very simple. You can find the EW option𝔍 on your betting slip when you choose a horse to win.
Each-Way Bet Example
In this example using the Betfair sportsbook, we are betting on Verbal Fencing at the🌌 18:10 Curragh race. Since this is a race with just 7 runners, place pays out at ¼ the odds for 2 places. The odds for a win are at 10.0.
If we bet £10 on win, the🍎 potential return is £100.
If we choose EW, we double our stake to £20.
The maths behind this is very simple. For the first bet, if Verbal Fencing wins, it follows that £10 × 10 = £10💦0.
For the second 🌼bet (EW), there are 3 options:
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Omakaze wins:
In this case, we win (£10 × 10) + (£10 x 3.25)ᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚ = £132.50.
Our profit is £112.50.
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Omakaze doesn’t win but places:
In this cas♌e, we lose the win bet but win the place bet. Our payout is (£10 × 3.25) = £32.50.
Our profit is £12.50.
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Omakaze doesn’t place or win:
In this case, we lose both bets.
Our profit is -£20.
How to Place an Each-Way Bet
On your betting slip, you will see a small box – this gives you the option of placing an EW bet. Tick the box, and your stake will be doubled into two bets. While you can go about calculating your bets with an each-way calculator, most betting sites show you exactly how much you can win by ticking the EW box.
When placing your bet, pay attention to ♒three things:
The Odds for Your Horse
This is obvious. We assume you know what odds are, whether fractional or decimal. Our odds converter can help you if you are confused.
How Many Places Pay Out
In the example below, there are 2 places, which means winner plus second or third place payout for the place bet. As long as your horse finishes first, second or third, you win the bet. Pay attention as somet🅰imes there are three places, meaning you also win the bet if your horse places fourth. Other bo🎃okies use different notations, such as Each Way 1 – 2 – 3, or Each Way 1 – 2 – 3 – 4.
The EW fraction
In this example, the EW fraction is ¼. This means y𝓡our payout for the bet is 14/1 (15 in decimal odds) × 1/4 = 7/2 (4.5 decimal)💙. Again, feel free to use our odds conversion calculator (linked above) to help you do the maths.
Looking to bet each way? Then don't miss out on Betfair's Each Way Edge promo!
EW Terms
Not all races have the same number of horses – because of this, place terms are different depending on how many horses are in the races:
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Handicaps of 16 or more runners have 1/4 win odds on first 3 placᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚes
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Handicaps of 12 to 15 runners h𓄧ave 1/4 win odds on first 3 places
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All other races of 8ܫ or more runners have 1/5 win odds on first 3 places
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All races of 5 to 7 🐷runners have 1/4 win odds on first 2 places
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All races of fewer than 5 runners have win only
Bookies have different terms for what happens if a horse drops ou❀t of a race. Depending on how many horses drop out, place terms can 🦹be changed from first 3 places to first 2 places. This depends on your bookie’s specific terms.
Each-Way Betting in Other Sports
While each-way betting is most prominent in horse racing, you wi🎃ll also find it for plen๊ty of other sports, including football and golf.
Each-Way Bets in Football
Each-way bets on football betting sites are usually for the outright market. While you can pick an outright winner, yꦰou can also place an extra bet that that winner will place at least⛄ third or fourth.
Each-Way Bets in Golf
Each-way bets are even more common in golf than in football. Betting on a tournament winner can be hard, but if you place an EW bet, you place aꦡ second bet tꦅhat the golfer will end up in the top 5.
EW Bets for the Most Famous Golf and Racing Events
Different bookies offer different terms when it comes to each-way bets, both for horse racing and . Place terms vary, as well as the EW fraction. Several bookies offer specific promos for EW bets, where you can choose between a lower EW fraction or more qualifying places. Both Betfair and bet365 have Each Way offers available.
Horse Racing
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Find an overview of EW places and betting sites for the British Open here.
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Find an overview of EW places and betting sites for the Grand National Each Way here.
Golf
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Find an overview of EW places and betting sites for the PGA Championship here.
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Find an overview of EW places and betting sites for the US Masters here.
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Find an overview of EW places and betting sites for the US Open here.
Each-Way Betting Strategy
While you can find each-way bets for most races, the question you should obviously ask yourself is when each-way bets have value. As you might guess, a lot depends on the odds.
When to Bet Each-Way
You should consider betting each-way if the odds are at least 4/1 (5.0). This means that if you lose your win bet, your place bet will at least cover your losses, as long as your horse places. Of course, this is not for the absolute favourites, most of which are well below🔯 4/1.
Consider an each-way bet when:
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You are not 100% confident your selection will win, but you feel good ♛about its chances of placing. Alternatively, you can co🌠nsider placing a simple place bet.
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If a h𝄹orse comes at high odds, but you still feel it can win or pla𝓰ce.
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Winnings from the pla🔯ce bet can at least cover the losses from the win bet.
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If a bookie does not offer🌟 separate place markets.
When Not to Bet Each-Way
If the odds are less than 4/1 (5.0), there is little value in an EW bet. While winning the place bet can work as a form of ‘insurance', it will not generate any profit if the win bet loses.
Do not place an each-way bet when:
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The odds are less than 4/1 (5.0).
Each-Way Accas or Multiples
There are several types of each-way accas. It is important to remember that each-way multiples are settled on a WIN-to-WIN and PLACE🌃-to-PLACE basis. If one element of the bet loses, it is voided; however, the other element is still valid and can be multiplied by the same element on the rest of the bet slip.
Win bets are multiplied by win bets, while place b🌜ets are multiplied by place bets.
If you lose one selection on the win market, all win bets are forfeite꧃d. However, you can still win place bets as long as all of your horses place.
If each of your horses win th♌e race🍰, you will win all bets.
EW Double: Two Horses
An each-way double is a win double and a place double. If you lose the win doubl🐼e, you can still win the place double.
EW Treble: Three Horses
An each-way treble is a win treble and a place treble. If you lose the win treble, you𒆙 can still win the place treble.
Each-Way Accumulator: Four or More Horses
ဣ ꦏ Accumulators with four selections or more work the same way. If your horses win the race, you win the full amount. If one of your horses does not win but all horses still place, you win the place part of the bet.
Other Common Betting Terms
ThePuntersPage Final Say
Each-way betting can be a profitable betting𓂃 strategy. While it can help you ensure a profit if the odds are high enough, it will only act as insurance if the odds are lower. Pay attention to how each-way multiples work, since they are not the same as a standard acca.
Keep in mind that sites like bet365 or Betfair let you choose between more places or higher od🍎ds for your each-way horse racing bets, which can definitely spice up your betting strategy.
Each-Way Betting FAQs
EW betting means placing two bets: one that the horse will win, and one that the horse will place. The second bet has ¼ or 1/5 of t🤡he payout of the first.
Yes – however, bets are settled on a on a WIN-to-WIN and PLACE-to-PLACE basis. Win bets are multiplied by win bets, while place bets are multiplied by place bets.
To ‘place' means to come in at the top of the race. Place can be the top 3 or top 4 horses in the race, depending on how many horses start. The more horses in the race, the more qualifying spots for place.
Each-way betting can be worth it if you bet on odds greater than 4/1 (5.0). In that case, the winnings from your place bet can cover the losses if your horse does not win. Otherwise, it is merely a form of insurance where you get pa🐼rt of your money back if your horse does n🀅ot win.
Calculatinඣg each-way bets is easy. Multiply the stake by the odds for the win bet. For the place bet, multiply the stake by the fractional odds times ¼ or 1/5.
1/5 EW 🅘means that the place bet has 1/5 the odds of the win bet. This is common in racing, where you can add an each-way bet to the win ꦆmarket. This second bet is a bet that the horse will finish in the top 3 or 4.