How Does Each Way Horse Betting Work? An each way bet is a bet made up of two parts: a WIN bet and a PLACE bet. Two bets of equal amounts are made; the first on a selection (horse) to win and the second on the same selection to place. A ‘win’ obviously means that the horse finishes the race first. How does an each way horse accumulator work?
An each way bet from start to finish: Make a selection and decide how much you want to bet each way. Place a WIN bet on the horse to finish 1st. Make a PLACE bet on the same horse to either win the event OR finish in one of the specified places. This depends on the... Remember: each bet MUST be an ...
What is Each Way betting? Usually only offered in racing and ‘outright’ market contexts, an Each Way bet allows the customer to stake money on both their selection winning and finishing in one of the pre-set place positions (second, third etc.). Why bet Each Way? Each Way betting gives you a return even if your horse doesn’t win.
An Each Way (EW, E/W) bet is essentially two separate bets: one for the horse to win, the other for the horse to place in any of the place positions offered in that race. When placing an each way bet, you stake an amount on both the win and the place.
Each-way means you are betting on two things. The first is that the horse will win. The ‘Win’ part of your bet is on your horse to finish first, and the ‘Place’ part is on your horse to finish either first or in one of the places, e.g. 2nd, 3rd, 4th (5th or 6th with selected bookmakers).
An Each-Way bet is a bet type in which the punter stakes a horse to Win AND to Place, meaning if the horse finishes in the placing they will receive the Place dividend, but if it wins they will receive both their share of both the Win and Place dividends.
There are specific rules that bookmakers must follow for each-way bets in horse racing. They are based on the number of horses running in a race. If your horse comes home first (wins), both the ‘Win’ and ‘Place’ parts of your bet will pay out. But if your horse only places, you will lose the ‘Win’ part of your bet.
The each way fraction – an each way bet in horse racing has fractional odds for the place bet – these are displayed as 1/2, 1/3, 1/4, or 1/5. Since the chances of the horse finishing in first or in second place are much higher, the place odds are reduced by the fraction (1/5 for first place or 1/4 for second place).