Each Way betting is a popular horse racing bet that consists of two separate bets 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 4th depending on race conditions)
Key Details
- Cost: Double your stake (e.g., £5 each way = £10 total)
- Place odds: Typically 1/4 or 1/5 of the win odds
- Place positions: Varies by race size:
- 2-4 runners: Win only
- 5-7 runners: 1st or 2nd
- 8+ runners: Usually 1st, 2nd, or 3rd
- 16+ runners (handicaps): Often 1st, 2nd, 3rd, or 4th
Example
£10 each way at 10/1 odds (1/4 place terms):
- If wins: Win bet pays £100 + place bet pays £25 = £125 profit
- If places 2nd/3rd: Only place bet pays £25 profit
- If 4th or lower: Lose both bets
Where to Bet Each Way
Reputable UK bookmakers offering each way betting include:
- Bet365 - Often enhanced place terms
- William Hill - Extra places on selected races
- Paddy Power - Regular each way promotions
- Ladbrokes - Competitive each way terms
- Sky Bet - Good mobile each way interface
Each way betting reduces risk while maintaining upside potential, making it ideal for backing outsiders in competitive fields.