{"id":383805,"date":"2023-04-26T15:12:59","date_gmt":"2023-04-26T15:12:59","guid":{"rendered":"https:\/\/www.techopedia.com\/?post_type=definition&p=383805"},"modified":"2025-02-20T15:13:34","modified_gmt":"2025-02-20T15:13:34","slug":"each-way-betting","status":"publish","type":"definition","link":"https:\/\/www.techopedia.com\/definition\/each-way-betting","title":{"rendered":"What is Each Way Betting? – Complete Guide to Each Way Betting"},"content":{"rendered":"

Each way betting allows you to place to two bets within a single wager, covering both the win and place. It\u2019s mostly used within horse racing but can be applied to a range of sports, which we will cover in this article.<\/p>\n

Also, within the article we will cover things like how each way betting works, how payouts are formulated, the best betting sites for each way betting, betting strategy, and when best to take advantage of this bet type.<\/p>\n

What is an Each Way Bet?<\/span><\/h2>\n

An each way bet is a single bet that is split into two markets. These are the win and place. It\u2019s designed to give you multiple chances of winning on a selection, with the place being paid at reduced odds.<\/p>\n

The concept is that you\u2019re betting on your selection to win and for it to finish within a certain number of places. It means that you\u2019ve got a greater chance of winning as your pick might not win outright, but still provide a payout if it finishes within the top designated places.<\/p>\n

How Does Each Way Betting Work?<\/span><\/h2>\n

There are two parts to the bet. You have a straight win bet<\/a> and then a place bet. The latter is paid out as a percentage of the odds taken when the bet is confirmed. It also pays a set number of places based on the number of entrants that are taking part.<\/p>\n

For example, most betting sites pay out at 1\/5th<\/sup> odds for three, four or even five places. So, if you had odds of +1000 for the win, the place bet would pay +200 for the horse to finish within the top 3 to 5 spots.<\/p>\n

Given that horse racing is the most common sport for each way betting, we\u2019re going to use this as an example with the bet365 sportsbook.<\/p>\n

\"bet365<\/p>\n

The race that we are using is from Cheltenham Racecourse<\/a> (UK) and the horse we are going to bet on is Bold Endeavour priced at +550 on the win market. Before we bet there are two key areas that need to note on this market.<\/p>\n

    \n
  1. The number of places paid out for the place bet = 4<\/li>\n
  2. The percentage of payout for the place bet = 1\/5th<\/sup><\/li>\n<\/ol>\n

    As you can see from the image above, in this race the bet is paying the top 4 at 1\/5th<\/sup> of the odds. We\u2019ve placed a bet of $10 each way bet, which means that our total stake is $20 as we\u2019ve $10 on the win and $10 on the place.<\/p>\n

    \"each<\/p>\n

    Here is the breakdown of our returns for potential results:<\/p>\n

      \n
    1. The horse wins = $10 @ +550 = $65 for the win and $10 @ +110 (1\/5th<\/sup> odds) = $21 = $86 total<\/li>\n
    2. The horse finishes 2nd<\/sup> to 4th<\/sup> (placed) = $10 @ +110 (1\/5th<\/sup> odds) = $21<\/li>\n
    3. The horse finishes 5th<\/sup> or worse = $0 (bet fully loses)<\/li>\n<\/ol>\n

      A key thing to note from the each way bet is that if your pick wins, then you get paid for both the win bet and the place bet. As you can see, we get $86 for the win, $21 for the place, and lose if it finishes 5th<\/sup> or worse.<\/p>\n

      How do I Win an Each Way Bet?<\/span><\/h2>\n

      An each way bet gives you two chances of winning. The bet is split over the win and the place markets and it\u2019s possible to win on both or just one of these markets.<\/p>\n

      If your selection wins overall, then you win both the win bet and the place bet. If your bet fails to win but finishes within the place sections, then you lose the win bet but still win the place bet.<\/p>\n

      \"nfl<\/p>\n

      The NFL doesn\u2019t pose many markets to bet each way. One option, though, is futures odds for the winner of the Super Bowl<\/a> at the end of the postseason playoffs. These are available throughout the NFL season every year.<\/p>\n

      The example above shows that we\u2019re going to be on the Buffalo Bills<\/a> to win Super Bowl LVIII at odds of +800, but we\u2019re going to place an each way bet. This could be a bit of value.<\/p>\n

      A key thing to note with E\/W betting on futures<\/a> here is the terms of the bet. This shows the percentage of payout for the place and the number of places paid. If you look under where it says Super Bowl LVIII, we can see that the terms are \u00bd 1-2. This means that the top two places are paid at half the original odds.<\/p>\n

      So, if we were to wager on the Bills to win the Super Bowl and have bet each way, to win at least some of the bet we need them to finish 1st<\/sup> or 2nd<\/sup>, but for this market that would simply mean making the Super Bowl. If they failed to make the Super Bowl, our bet would lose. Let\u2019s assume they do and see how we would get paid.<\/p>\n

        \n
      1. Bills win the Super Bowl – $10 bet at +800 = $90 return plus $10 at +400 (1\/2 original +800 odds) = $50 return for a total of $140 return including stake.<\/li>\n
      2. Bills make Super Bowl but lose = Win bet is a loss, but a place bet pays 10 at +400 (1\/2 original +800 odds) = $50 return<\/li>\n<\/ol>\n

        How to Make an Each Way Bet<\/span><\/h2>\n

        We\u2019re going to use bet365 to highlight how to place an each way bet from start to finish. The process is very simple and should be similar on all sports betting sites<\/a> and markets that you choose to use.<\/p>\n

        1. Create an Account<\/h3>\n

        You first need to create an account with bet365. This process will take a couple of minutes and you will need to verify your email address to get access.<\/p>\n

        2. Fund Your Account<\/h3>\n

        \"bet365<\/p>\n

        Once the account has been created, head to the cashier and make a deposit. Depending on where you are located will depend on what banking options are available to you. Bet365 is one of the best gambling sites in the industry, with a wide range of banking options to choose from.<\/p>\n

        3. Choose a Sport\/Market to Bet On<\/h3>\n

        \"bet365<\/p>\n

        We\u2019re going to use an upcoming horse race, but you can use the navigation bar to choose from dozens of sports and then markets. The race we will use is the 3.50 from Cheltenham in the UK.<\/p>\n

        4. Add to Bet Slip<\/h3>\n

        To add your pick to your bet slip you need to click on the odds. For E\/W betting note the terms of the payout at the top of the race card. In this case, the race is paying top 4 places at 1\/5th<\/sup> odds.<\/p>\n

        5. Place Bet<\/h3>\n

        \"bet365<\/p>\n

        We\u2019ve decided to bet on Captain Cattistock at odds of +450. In the bet slip you need to click on the Each Way box to signify this is the bet you want to place. Then you need to enter the stake. The stake will by default be per line. So, a $10 each way bet means that you\u2019re placing $10 on the win and $10 on the place for a total of $20. You can see under the unit stake it shows the total stake.<\/p>\n

        Confirm the bet amount and then place your bet. You can keep track of live bets within the bet slip by heading to \u201cMy Bets\u201d.<\/p>\n

        How to Calculate the Returns of an Each Way Bet<\/span><\/h2>\n

        An E\/W bet has two parts to the bet and the terms of the market will determine the returns for each. You need to familiarize yourself with the terms before you place the bet as they have huge implications to the value of the bet.<\/p>\n

        The \u201cwin\u201d bet is easy to follow, and this will be paid if the selection wins at the odds initially taken. For example, if a bet is priced at +800 and it wins, then the first section will pay out at these odds based on the amount you\u2019ve staked. A $100 would return $900 total based on this.<\/p>\n

        The \u201cplace\u201d bet needs to take into account the number of places paid outside of winning, and the amount paid based on the original odds. Each way betting markets will pay anywhere from \u00bd to 1\/5th<\/sup> of the odds in most cases. The number of runners in the market generally determines the number of places.<\/p>\n

        There will be times when betting sites offered enhanced places paid and this is something that you want to target. The places that are paid will be the same regardless of where the bet finishes. So, if you\u2019d bet on a horse race, then the place bet pays the same if they finish 2nd<\/sup> or 3rd<\/sup>, assuming a race with 8 or more runners.<\/p>\n

        So, to calculate the place returns of a +800 you need to know the terms of the place bet. Let\u2019s assume that it\u2019s \u00bc odds and top 3 places, with your pick finishing 2nd<\/sup>. A quarter of +800 is +200 and these would be your place odds. So, a $100 bet at +200 returns $300 total (stake included).<\/p>\n

        How Many Places Are Paid for Each Way Betting?<\/span><\/h2>\n

        The number of places paid for the place bet will differ based on the sport and the betting site. Only horse racing has fixed terms that are the minimum that the betting site must offer. These are:<\/p>\n

        \n\n\n\n\n\n\n\n
        Runners<\/strong><\/td>\nMin. E\/W places paid<\/strong><\/td>\n<\/tr>\n
        1-4 runners<\/td>\nNone<\/td>\n<\/tr>\n
        5-7 runners<\/td>\n2<\/td>\n<\/tr>\n
        8-15 runners<\/td>\n3<\/td>\n<\/tr>\n
        16 or more (handicap races only)<\/td>\n4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

        However, outside of horse racing, there are no industry standard each-way place terms and rules that apply. This means that it varies from site to site. Your goal is to shop around and find the site that offers the most places paid on each way betting, as this will offer much better value on your bet with increased ways that you can win.<\/p>\n

        We\u2019ve listed a few examples of places paid below based on a variety of different sports and markets aside from horse racing that every each-way bettor should know about:<\/p>\n