{"id":386,"date":"2016-10-17T08:51:34","date_gmt":"2016-10-17T08:51:34","guid":{"rendered":"http:\/\/www.bettingwebsites.org.uk\/?page_id=386"},"modified":"2021-09-16T13:56:32","modified_gmt":"2021-09-16T13:56:32","slug":"each-way-betting","status":"publish","type":"page","link":"https:\/\/www.bettingwebsites.org.uk\/articles\/betting-guide\/each-way-betting\/","title":{"rendered":"Each-Way Betting"},"content":{"rendered":"
It\u2019s not always the case that you have to back the winner in order to make a profit. Each-way betting allows you to bet on your selection to finish in anywhere from the top two to the top six places, and occasionally even more.<\/p>\n
Often used for selections with longer odds, each-way betting is a means of getting paid when a selection ‘places’ rather than wins.\u00a0 The odds for a place are lower than those for win, usually a 1\/4 or a 1\/5 the price of a win (depending on the sport and number of places), and you are required to place two stakes, one on the win part of the bet on one on the place part of the bet, this is called betting each way.<\/p>\n
The positive side is you are reducing the risk of losing everything if the horse places, and if the original odds are high enough you may still make a profit.\u00a0 At the same time if you do win you will get paid out both on the win bet and the place bet.<\/p>\n
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Betting on sports is a risky but exciting business and there are many times when you\u2019ll be left cursing after your tip comes second or third, especially if it were to lose in a photo finish or a play-off.<\/p>\n
If you\u2019ve backed it to win and it comes 2nd then you lose your stake. Simple as that. However, if you had placed an each-way bet then you\u2019d have seen some money returned for that 2nd place finish and perhaps even made a profit.<\/p>\n
With each-way betting there are a number of considerations that have to be made. The first is how many competitors there are in the event.<\/p>\n
In horse racing, if there are only four horses taking part then you can\u2019t bet each-way, it has to be a bet on the winner. If there are five entrants, you can bet each-way on the first two places. When there are eight runners, the first three places are paid out on, and with 16 if it\u2019s a handicap it\u2019s the first four (as standard).<\/p>\n
The table below shows the industry standard number of places given for horse racing, along with the kind of promotional enhanced terms you could get if you shop around. This is when a specific bookie pays out on an extra place as part of an offer or promotion.<\/p>\n