Each way betting (EW or E/W) is a popular form of betting, usually done on horse racing. It can be used by bettors as a form of insurance should their chosen horse/horses narrowly fail to win. The place part of the bet effectively increases their chance of making a return, even if it’s not the full amount a win would have brought. Usually only offered in racing and ‘outright’ market contexts, an Each Way bet allows the customer to stake money on both their selection winning and finishing in one of the pre-set place positions (second, third etc.). Why bet Each Way? Each Way betting gives you a return even if your horse doesn’t win. The two types of bets which are the most popular with racegoers are to win and each-way. To win: You fancy a particular horse to win the race and if they do, you win your bet! For example, a successful £2 win bet at odds of 4/1 will see you receive a payout of £8, plus you get your £2 stake back. Each-way: Think your horse might win, but is more likely to come second or third? To improve your chances of winning you can bet each-way. When placing an each-way bet you are usually looking for a horse to place in the top two to four positions depending on the number of runners. You are probably also looking to back a horse with odds of greater than 4/1 or 5/1 (depending on whether the place terms are 1/4 or 1/5 of the odds, see above), if you want your each-way bet to return a profit if the horse is placed. Each way bet is one of the most popular punts when it comes to horse racing betting. For many bettors, this betting outcome is the easiest one to decide on while predicting the horse races results. You place your bet on a chosen horse to win the competition or at least to place one of the top positions. Each Way bets enable punters to cover more places in a horse race, thereby reducing their risk and avoiding disappointment if a selection doesn’t win. EW betting is popular in unpredictable races — such as the Grand National — where the chance of selecting the outright winner is relatively low. Each Way Betting Explained. The main thing to understand if you are about to place an "Each Way" bet is that you are placing TWO equal sized bets. You are placing a bet on the horse winning the race and you are placing a bet on the horse finishing in the "places" for the race (what constitutes a "place" varies and will be explained later in this What is an each way bet: a quick overview. An each way bet is two equal bets that are combined to make one bet: a WIN bet for the horse to win, and a PLACE bet for the same horse to finish in one of the places. This is where the term ‘each way’ comes from. The places are usually the first 3 or 4 horses to finish depending on how many The standard place terms are as follows: · Handicaps of 16 or more runners: 1/4 win odds on first four places. · Handicaps of 12 to 15 runners: 1/4 win odds on first three places. · All other races of 8 or more runners: 1/5 win odds on first three places. · All races of 5 to 7 runners: 1/4 win odds on first two places.
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