Each Way betting is a popular type of bet, especially for horse racing events like the Grand National. Here's how it works:
What is Each Way Betting?
An each way bet is essentially
two bets in one:
1.
Win bet - your horse must finish 1st
2.
Place bet - your horse must finish in a specified placing (usually top 2-4 positions)
Grand National Each Way Terms
For the Grand National specifically, most UK bookmakers offer:
- Places paid: Top 4 or 5 positions (varies by bookmaker)
- Place odds: Usually 1/4 or 1/5 of the win odds
How It Works
- You stake is doubled (half on win, half on place)
- If your horse wins: both bets pay out
- If your horse places but doesn't win: only the place bet pays out
- If your horse finishes outside the place terms: both bets lose
Example
£10 each way on a horse at 20/1 odds:
- Total stake: £20 (£10 win + £10 place)
- If it wins: Win payout + place payout
- If it places (e.g., 3rd): Only place payout at 1/4 odds = 5/1
Recommended UK Bookmakers for Grand National Each Way:
- Bet365 - Often extends to 5 places
- William Hill - Enhanced each way terms
- Paddy Power - Competitive place fractions
- Betfair - Good odds and exchange options
Each way betting is ideal for the Grand National due to its competitive field and unpredictable nature.