Editor
Loading ...
An each way bet is one which places money on both a win and a place. In other words, the initial stake will pay off if the selection of horse, football team etc. comes in either first or within a set range – i.e. first to fourth.
Working out the winnings on offer from an each way bet is slightly more complex than when betting purely on a win. The first thing to bear in mind, however, is that the stake placed will be double the size of the bet. In other words, a £5.00 each way bet will require a stake of £10.00, £5.00 being bet on the pick winning and £5.00 on it being placed.
If a £2.00 each way bet is placed on a horse running at odds of 16/1 then it will pay out as follows:
If the horse wins then the winnings will run to £32.00 plus the original stake, which equals £34.00. The bettor will also receive a payment for placing which, in most races, means finishing in the first four positions. In the case of this bet, the odds for placing would be 4/1, the original odds divided by four. This means the winnings for placing will be another £8.00, again plus the original stake.
In all, an each way bet at 16/1 on a horse which wins a race will generate winnings of £44.00, a profit of £40.00 on the original bet. If the horse finishes second, third or fourth, on the other hand, the winnings will be nothing on the £2.00 bet on winning, and £8.00 on the £2.00 bet on placing, plus the stake.
It should be noted that the number of finishing positions which pay-out will vary depending upon the number of runners/contestants in the race and, for greyhound and horse racing each way, whether it is a Handicap or Non-Handicap race.
Full coverage of poker and bingo, from reviews of providers to guides and much more besides!
21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.