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Each way betting is a popular form of betting when wagering on horse racing but it can also be used when placing bets on other events such a golf and greyhound racing.
With this type of bet, you will spread the total amount of your wager on more than a single outcome so you have more opportunities to collect payouts since you are placing multiple bets.
Each way betting can enhance your betting experience and you will have an additional opportunity to collect a payout. You will find that the majority of betting sites that support horse racing will offer each way bets.
Here, we take a better look at how this bet works and how you can start placing the wager at online betting sites to begin earning great payouts.
With an each way bet, you will be placing two equal bet amounts on one selection. One part of the bet will be placed on a horse that you believe will win the race and the other bet will be based on whether that same horse will place in the race. The amount of the bet will cost twice as much as a single bet, so while it will cost more, it can yield impressive payouts.
With this type of betting, you can win both bets. That’s because if your chosen horse wins the race then by definition, it also places. If the horse doesn’t win but does place, you lose the win part of the bet but get paid out on the place part. This usually means you make a profit, but this depends on the betting odds.
Pretty much any online bookie will let you place bets each way, so it’s not fair to say that one does it much better than the rest. However, the range of offers and promotions at bet365, combined with their wide range of markets, makes it a great all round choice for any type of sports betting.
It’s also worth bearing in mind that the vast majority of the free bets listed here can also be used on an each way bet, so you may want to take a look through and grab a couple of bonuses to use for your first few selections.
Since you will be placing one of the each way bets on a horse to place you need to understand how place positions are determined. The actual number of these positions will vary per bookmaker and will take into consideration various factors. It is always beneficial to know how many places will be offered when placing an each-way bet.
The main factor when determining the number of places is the number of horses that will be running in a specific race. When there are more horses running, you will find there are more places offered. Typically, if a race only has between 2 and 4 runners, there will be no place betting allowed. When a race has 5 to 7 runners, the bookmaker might pay out on the first two places. Races that have 8 or more entered horses will have multiple place positions, paying out on 1st, 2nd, 3rd and sometimes 4th.
With each way betting, you will also find there are different rules that will be applied to any race that has a handicap. This is because the actual task of choosing a horse to place when a handicap race is run is much more complex. Handicap races are known to be harder to predict when placing each way bets and many bookmakers will offer an extra place finish option with any race that has at least 16 runners.
You will want to take time to consider the odds when placing an each way bet as this will help you calculate the best choices and your potential payouts. The odds to place will not be as generous as with the odds to win. The odds you see displayed will be based on the odds for an outright win so you will not find the obvious odds for any horse to place.
In most cases, a race will pay about 1/5 of the odds unless the race has less than 8 runners or is a handicap race of more than 12 entrants. When these races are run, you will find the odds to place to be roughly 1/4 the odds.
When it comes to calculating the possible return from any each way bet that has been placed, you will have to combine the odds that are offered on both the win and the place bet.
Now that you have an idea on the type of bet you will be placing and have covered the different ways in which you can win, how the odds will be determined, and how many places are being offered, you will want to know how to choose the right horse.
You can take two approaches to this. You can make use of advanced prediction systems that will tell you what horses will be most likely to perform well, or you can choose your own horse by comparing stats, past performances, and other important factors that can help determine how any horse will perform on the race selected.
The best and easiest way to get started is by following a proven prediction system such as Each Way Winners.
This service keeps a low profile, but it’s proven to be very profitable over the last couple of years. It’s quick and easy, and for a small subscription fee you get all the selections sent to you. So you don’t have to do any of the work yourself.
If you have limited time or are just starting out with each way betting, then this is definitely something you might like to look at.
When you are engaging in each way betting you should watch for races that have between 8 and 10 runners. Having more horses will reduce your overall chances of winning, even though it could bring about larger returns if you do. Each way betting is considered a risky bet by many and it is not a popular option that is used because it is so difficult to predict the two positions, but with some time and knowledge, you can select the right horse when betting on races with fewer runners so these will be your best option.
When you are betting on horses, you will want to make a profit so your main question will be how much can you win when you engage in each way betting. This type of betting can be very profitable, but it is not a common choice because of the high risk. However, you will find that using betting software to help understand odds and choose the right horse will provide you with some great chances to cash in on these bets.
Once you have placed your bet, you can either watch the race or check the results later. If the horse does come in first you will get paid out on both the Win and the Place part of the bet. If the horse comes in 2nd or in another position to place you will only win 1/4 or 1/5 of the odds for the amount of your wager.
For example, if you bet £10 each way, your total bet will be £20. Let’s say you choose a horse with 20/1 odds. The place terms will be 1/4 or 1/5 of these odds. If the horse wins at 20/1, you will get £210 for the Win part of the bet. For the place part, you will get a quarter or fifth of that amount depending on how many places are offered in the race. Since you win both bets if the horse comes first, you obviously are hoping for the horse to win so you can cash in on both parts of the bet.
You will start by selecting a race and will then consider the runners for that race. You will then make your horse selection and decide how much you want to bet each way, keeping in mind that the cost of the wager will be double the amount. Your Win bet will be on the horse you believe will finish first in the race.
After selecting your Win bet, you will then see a check box on your betslip marked E/W. By ticking this box, your bet will be placed each way and your stake will be slip between the win and place outcomes. Each of the bets that are placed must be of the same amount, so if you bet £5 to win, you also have to bet £5 to place, meaning a total stake of £10. As mentioned, the odds for the place bet will be calculated using a fraction of the winning odds.
If luck is on your side and your chosen horse comes in first, you will win both parts of the bet and will generate a substantial profit. However, if the horse does not come in first, you will lose the Win bet while still having the chance to win the other bet provided that same horse places in the race. This can often still result in a profit, depending on the odds.
Any horse that is withdrawn from a race will be considered a non runner and if this happens, your bet will change. Let’s say t here is afield of 8 runners and the odds are set at 1/5 for the first three positions. If a runner has been withdrawn, this reduces the number of runners to 7, so the odds will also be reduced to ¼ and will pay for first and second places only.
If you are betting on a race with only 5 runners, the odds will be ¼ for first and second place. Should a runner be withdrawn from this race, there will be just five runners and your each way bet would then become a single Win Only bet. This will only be the case with daily racing and will not apply to futures events. With any futures bet, you will get the place terms that were offered when the bet was first placed.
Non runners will be known in advance because they will have been removed from the race and there are a few different reasons for a horse to become a non runner. The horse may be removed from the race by the trainer if the conditions are not suitable for that particular horse. Trainers can withdraw a runner for any reason or a horse may become not eligible to run in a particular race.
An example of this would be a horse that was entered in two different races within a few days If that horse were to win the first race and the second race is a Maiden, that horse would not be eligible to run the second race and will have to be withdrawn.
When placing each way bets, it is important to watch for any non runners as this can affect the fractional odds for the pace bet and will alter your possible payouts overall.