Each Way betting is a popular type of horse racing bet that consists of two separate wagers on the same horse:
How Each Way Works
1.
Win bet - Your horse must finish 1st
2.
Place bet - Your horse must finish in the top positions (usually 2nd, 3rd, or sometimes 4th)
Key Details
- Cost: Double your stake (e.g., £5 each way = £10 total)
- Place terms: Typically 1/4 or 1/5 of the win odds
- 2-4 runners: Win only
- 5-7 runners: 1st or 2nd
- 8+ runners: 1st, 2nd, or 3rd
- 16+ runners (handicaps): 1st, 2nd, 3rd, or 4th
Example
£10 each way at 10/1 odds (1/4 place terms):
- If wins: £110 (win) + £27.50 (place) = £137.50 return
- If places 2nd/3rd: £27.50 return only
- If 4th or worse: Lose both bets
Where to Bet Each Way
Reputable UK bookmakers offering each way betting include:
- Bet365 - Enhanced place terms on selected races
- William Hill - Extra places on big race days
- Paddy Power - Regular best odds guaranteed
- Betfair Sportsbook - Competitive each way terms
- Sky Bet - Good mobile app for each way bets
Each way betting reduces risk while maintaining upside potential, making it ideal for backing outsiders in competitive races.