How does an each-way bet work?

An each-way bet consists of two bets of equal cost, a win bet on your selection to win an event and a place bet on it to finish within a certain number of places specified by the bookmaker beforehand.

How much do you get for an each-way bet?

When you bet each way, you have two bets; one for the horse to finish first, and a second bet for the horse to finish in the top four or five (varies according to by race). The winnings for the latter bet are calculated by applying the fraction (usually 1/4) to the original odds available.

How do you match an each-way bet?

Using the Each Way Matcher At the bookmaker, each way bets are placed as one bet, but with the EW (Each Way) box on the bet slip ticked. This automatically places 2x stakes: one on the selection to win and the second on it to ‘place’. You’ll also need to place 2 bets (the win and the place), at the betting exchange.

What does 1/4 each-way mean?

This means you will be paid for your win part of your bet at the odds chosen when you placed the bet and for the place part of your bet at 1/4 of your odds.

Is an each-way bet good?

In essence, an each-way bet is a saver for if your horse gets beat. It’s a bet that’s defensive in nature and is a favourite of more risk adverse bettors. There are certain types of races in which each-way bets work very well and certain types of horses too.

When should you bet each-way?

In general, the punter has an advantage over the each-way bookmaker in fields ‘Of eight to 12 runners if he backs each-way horses quoted at 7/1 or shorter for the win. The shorter the win price, the greater the advantage for a place. Before you bet each-way, do your sums.

How does an EW accumulator work?

An each-way accumulator is a two-part bet, designed to ensure punters get something back if their runners fail to win outright but manage to place. The first part of an each-way accumulator is the standard accumulator bet — placing one bet on four or more selections to win their races.

Can you cash out each-way bets?

‘Perm/Permutation’ and ‘Each Way’ bets are not eligible for Cash Out.

When should I bet each way?

What is a bad each way bet?

In horse racing, you may have heard the term “bad each way race,” this means that it’s a bad each-way race for the bookmaker and there is value on offer for the punters. A classic example of a bad each-way race might be eight runners with five outsiders and three horses towards the head of the market.