{"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":"

\"each-way\"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

What is Each-Way Betting?<\/strong><\/h2>\n

\"each<\/p>\n

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

\n\n\n\n\n\n\n\n\n\n
Race Type<\/th>\nRunners<\/th>\nPlaces<\/th>\nEnhanced Places<\/th>\n<\/tr>\n
\u00a0Any Type<\/td>\n\u00a02 – 5<\/td>\n\u00a01 (Win Only)<\/td>\n\u00a0–<\/td>\n<\/tr>\n
\u00a0Any Type<\/td>\n\u00a05 – 7<\/td>\n\u00a02<\/td>\n\u00a03<\/td>\n<\/tr>\n
\u00a0Any Type<\/td>\n\u00a08 – 11<\/td>\n\u00a03<\/td>\n\u00a04<\/td>\n<\/tr>\n
\u00a0Non-Handicap<\/td>\n\u00a012 or more<\/td>\n\u00a03<\/td>\n\u00a04<\/td>\n<\/tr>\n
\u00a0Handicap<\/td>\n\u00a012 – 15<\/td>\n\u00a03<\/td>\n\u00a04<\/td>\n<\/tr>\n
\u00a0Handcaip<\/td>\n\u00a016 or more<\/td>\n\u00a04<\/td>\n\u00a05 or 6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The second major consideration is the odds.\u00a0 In horse racing, each-way place odds are usually 1\/5 total odds as standard, but with some bookies, and for high profile racing, you can often find 1\/4.<\/p>\n

\"ProgressiveWith other sports and markets there are different rules, so it is vital to always check the terms and conditions of the event. There will be information that tells you how many places are being paid out on and what odds are awarded to the place part of the bet.<\/p>\n

With some major events such as the Open Golf tournament you can often find promotional offers paying out on up to the first eight places.<\/p>\n

Markets with a low number of places often have better place odds for obvious reasons. An outright bet each-way on the winner of the FA Cup, for example, will often only take into account second place.\u00a0 The positive side is the odds for a runner-up are often 1\/3 or even 1\/2.<\/p>\n

Remember, placing an each way bet is actually a package of two bets, a win bet and a place bet.\u00a0 Therefore, a \u00a310 each-way bet is actually \u00a320 total stake.\u00a0 \u00a310 for a straight win at original odds, and \u00a310 on the place at the advertised place price.<\/p>\n

How to Place an Each Way Bet<\/strong><\/h2>\n

\"each-wayYou are betting on a horse race and there are eight runners and the bookmakers will pay out on the first three to home.<\/p>\n

You fancy an 7\/1 shot to do well but are not too confident it will actually win the race. Therefore, you can opt to go for an each-way bet.<\/p>\n

The bet you decide to place is \u00a310 each-way. That\u2019s \u00a310 on a win bet and \u00a310 on the place. The bookies offer you a fifth (1\/5) the odds for placed horses.<\/p>\n

Placing an each-way bet (if available on the market) is easy, there is usually a box to tick, or similar, as shown in the example screenshot.\u00a0 You will notice how the total stake is now double the unit stake.<\/p>\n

If your selection wins, then the win bet is up and that\u2019s \u00a310 at 7\/1, paying you \u00a380 total return (winnings plus stake). The each-way part of the bet is also successful and that works out at \u00a310 staked at 7\/5, which is logically a fifth of 7\/1. The each-way bet therefore pays \u00a324.00, \u00a314.00 in winnings with \u00a310 of your stake back. You are therefore up a total of \u00a3104, \u00a384 winnings plus your entire \u00a320 stake back.<\/p>\n

If your selection had come in second or third instead your win bet will have lost so that \u00a310 is gone, but there is still a return on your each-way bet. The maths is the same as above, so the place bet pays out \u00a324. In this scenario then, your horse didn\u2019t win the race but your place bet saved the day, covering your stake and giving you a profit, albeit a small one, of \u00a34.<\/p>\n

Backing Outsiders<\/strong><\/h2>\n

\"OutsiderIf you place each way bets on selections with low original odds you may not cover your stake if the bet only places.\u00a0 For example, if you back a horse at 2\/1 with \u00a310 each-way, even with generous place odds of 1\/4 you will only get back \u00a315 if it places.\u00a0 You’ve staked \u00a320 initially and although you haven’t lost it all you’ve still lost \u00a35.<\/p>\n

The rule goes that if you divide the original odds (in a format \/1, or convert to decimal<\/a> and subtract one) by the fraction you receive for a place, and then multiply this by the stake, it will tell you if you will at least make your money back.<\/p>\n

Here are three examples with \u00a310 each way stakes, so a \u00a320 total bet:<\/p>\n