How Each Way Betting Works
Each way (E/W) betting is a popular option in UK horse racing and other sports that involves placing
two separate bets on the same selection:
The Two Components
1.
Win bet - Your selection must win the event
2.
Place bet - Your selection must finish in a specified placing (usually 2nd, 3rd, or 4th depending on the field size)
How It Works
- You stake the same amount on both parts (e.g., £10 each way = £20 total stake)
- The win portion pays out at full odds if your selection wins
- The place portion pays out at a fraction of the win odds (typically 1/4 or 1/5) if your selection places
Place Terms Examples
- 2-4 runners: Win only (no place betting)
- 5-7 runners: 1st and 2nd place, usually 1/4 odds
- 8+ runners: 1st, 2nd, and 3rd place, usually 1/5 odds
- Major handicaps: Often extended to 4th place
Example
£10 each way on a horse at 10/1 odds (1/4 place terms, 3 places):
- If it wins: Win bet pays £100 + place bet pays £25 = £125 profit
- If it places 2nd/3rd: Only place bet pays £25 profit
- If it finishes 4th+: Both bets lose
Where to Bet Each Way
Reputable UK bookmakers offering each way betting include
Bet365,
William Hill,
Ladbrokes,
Paddy Power, and
Sky Bet - all offering competitive each way terms and clear place conditions.