Each-way betting explained in the simplest way possible. It’s a flexible, beginner-friendly option in horse racing that gives you two chances to win from one bet. If you’re new to racing, or looking to bet on outsiders with a shot at placing, the each-way format could be your best friend.
This article covers everything you need to know about how each-way betting works. We’ll walk through definitions, payout examples, real-world applications, and frequently asked questions. Whether you’re just starting out or want to double-check how each-way returns are calculated, this is your go-to guide.
What Is an Each-Way Bet?
A standard each-way horse racing bet is two bets in one:
- Win part – you’re betting on the horse to win the race.
- Place part – you’re betting on the horse to finish in one of the top few places (e.g. top 2, 3, or 4), depending on how many runners are in the race.
If your horse wins, you get paid on both parts. If it only places, you still get a return from the place bet. This dual structure makes each-way ideal for longshots, unproven form horses, or unpredictable big-field events.
Your total stake is double the listed amount. So a £10 each-way bet means £10 on the win, £10 on the place, £20 total.
How Each-Way Betting Works (Example)
Let’s break down an actual bet to see how the win part and place part of the bet affect your payout:
Say you place a £5 each-way bet on a horse at 10/1. The race pays 1/5 odds on the place, and your horse finishes 2nd.
- Win part loses
- Place part: £5 at 2/1 (that’s 1/5 of 10/1) = £10 profit
- Total returned = £10 profit + £5 stake = £15
If the same horse had won the race, your total returned would have been:
- £5 win bet at 10/1 = £50 profit + £5 stake = £55
- £5 place bet at 2/1 = £10 profit + £5 stake = £15
- Total return: £70
To experiment with different scenarios, use a bet calculator. It’s a helpful tool for working out potential returns based on odds and stake size.
How Place Terms Are Set
The part of the bet
| Runners | Places Paid | Typical Terms |
|---|---|---|
| 1–4 | None | No place offered |
| 5–7 | Top 2 | 1/4 odds |
| 8–15 | Top 3 | 1/5 or 1/4 odds |
| 16+ (Handicaps) | Top 4 | Often 1/4 odds |
| Promotions | Top 5–6 | Offered by some bookmakers |
Some events like, Royal Ascot or the Grand National often come with extra places or boosted place odds. These are ideal opportunities for each-way betting.
When Should You Use Each-Way Bets?
Each-way bets aren’t just for pros. In fact, many beginners prefer them because they keep a bet alive even if the horse doesn’t win. You should consider an each-way bet when:
- Your selection is priced at 6/1 or higher
- The race has 8+ runners (for solid place value)
- You think your horse has a real shot at placing but not necessarily winning
- You’re betting on competitive handicaps with unpredictable outcomes
It’s less effective on short-priced favourites. A win bet is usually better there, since place terms offer little value for odds like 2/1 or 3/1.
Each-Way vs. Win-Only Betting
Pros of Each-Way
- More forgiving than a win-only wager
- Ideal for outsiders with solid placing potential
- Can generate steady profits in big fields
Cons of Each-Way
- Costs twice the stake of a win bet
- Low returns on favourites
- Requires an understanding of place terms and race conditions
Real-World Use: Punters and Professionals
Each-way bets are used heavily in greyhound racing as well, though the place terms can be different. Professional punters often use each-way in fields where several horses look evenly matched. Backing a horse with strong place credentials but longer win odds.
Professional punters sometimes use strategies like “each-way doubles,” “lucky 15s,” or multiple types of bets across a card to spread risk while chasing value. These are better reserved for experienced bettors with a structured staking plan.
Pro Tips for Better Each-Way Betting
- Look for horses with course and distance form. Consistency matters
- Use a bet calculator to compare outcomes between win-only and each-way
- Target races with 12+ runners where place value is strongest
- Be mindful of a dead heat. In that case, your payout might be split
- Always double-check total stake before confirming. It’s double the unit stake
Each-Way Betting FAQs
Q: Do I always get my place part back?
Only if your horse finishes within the places listed. Otherwise, the place part of the bet is lost.
Q: Is each-way better than win-only?
It depends on your goal. If you want value at long odds and a backup plan if the horse finishes 2nd or 3rd, each-way makes more sense. If you’re confident the selection wins, go win-only.
Q: What happens in a dead heat?
Your return is typically halved (or divided accordingly). It still pays out,but not fully. Check your bookmaker’s sports betting rules to be sure.
Final Thoughts: Mastering Each-Way Bets
Understanding each-way betting unlocks one of the most effective ways to bet smarter, not just braver. It adds flexibility to your stake, boosts your confidence in betting on outsiders, and keeps your options open without going all-in on a single outcome. It’s the perfect mix of risk and reward, and a must-know for any racing punter.
👉 Want to sharpen your overall racing strategy? Visit our Horse Racing Betting Guide for expert tips on types of horse racing bets, markets, and value.
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