Menu

What Is Each Way Betting? Your Complete Guide

  • Written by David Bet
You’re probably familiar with the term each-way, if you’re exploring the horse racing betting markets, you can’t really escape it. Knowing what each way is and means however is totally different. If you’re looking to make your way in horse racing betting, then it’s a term you really should be aware of. Here at Bet & Skill our expert team can help and below you’ll find all you need to know about each way betting, including what it is and how it works...

Ladbrokes horse racing betting bonus

What Is Each Way Betting?  

Each way betting is incredibly common and a really simple and useful type of bet for those who want a punt on the horse racing.

It’s essentially a bet that rolls two markets into one, offering almost a type of insurance on the horse you’re backing.

It involves doubling your stake with an each way bet being one that is betting on a horse to win OR to place.

Placing is a term used for a horse that finishes in a top position, this can vary from bookmaker to book, and depending on the number of horses running but you will often find this is the top three.

How Does An Each-Way Bet Work? 

An each way bet works relatively simply. In order to place one, you simply add a horse selection to your bet slip, as you would a bet on a horse to win, and then check the Each Way selection in the bet slip.

This is where things then begin to slightly differ. By checking the Each Way selection, you are then backing a horse to either win or place. This is ultimately then placing a bet on two different markets, and therefore the stake you wish to play will double.

For Example:

Let’s say you wanted to place an each way bet on a horse at the Grand National with odds of 10/1.

If you wanted to place a £5 each way bet, your total stake would be £10, with £5 covering the to win aspect of the bet, and £5 on the to place bet.

If the horse then finishes first, both aspects of your bet would win, as it will have both won the race and placed. If your horse was to finish second or third, you would only win the each way part of your bet, losing the £5 stake you placed on the to win bet.

mobilewins no deposit free bet

How To Calculate Each Way Winnings 

Calculating the winnings of an each way bet can be a little more complex as each way winnings are a proportion of the initial to win odds.

The proportion is usually noted within the race market, alongside how many places that they will pay out. This will then allow you to calculate your return if the bet wins.

For Example:

Going back to the example wager above, you might wish to bet £5 each way on a 10/1 shot at the Grand National.

The bookmaker you’re playing with is paying out three places and with each way fraction at 1/5. This means your each way winnings will be one fifth of the initial odds.

Let’s say the horse finishes first so you need to calculate both aspects of your bet.

  • To Win Bet: This bet is easy to calculate. Your £5 stake will be paid out at odds of 10/1, meaning you’ll receive £50 in winnings and your £5 stake, providing a total return of £55.
  • Each Way Bet: The each way fraction of 1/5 means this aspect of the bet will pay out at 2/1. Your £5 stake will therefore give you £10 in winnings and your stake, providing a total return of £15.

Using this example of a winning horse, you would see a total return of £70, £60 in winnings and £10 stake returned.

If the horse you backed was to finish second or only place, you would receive a total return of £15, as the to win aspect would lose.

Of course, if the horse didn’t place, your bet would be a losing one.

Which Bookmakers Offer Each Way?  

Any bookmaker offering horse racing betting will provide punters with the option of betting each way.

It’s one of the most common markets around and whether an established bookie or up-and-coming one, each way will be available.

For all the most tried and trusted bookmakers around currently, head to our bookmakers page where you’ll find full reviews and instructions on how to sign up and start betting!

  • LADBROKES
    Bet £5 Get £20 - Bonus code 20FREE
    18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets. Free bets valid for 4 days on sports, stake not returned, restrictions apply. T&Cs apply.
    Claim
  • BET365
    up to £100 in bet credits
    Up to £100 in Bet Credits for new customers at bet365. Min deposit £5 and 1x settled bet requirement to release Bet Credits. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
    Claim
  • BETVICTOR
    Bet £5, Get £30 Free Bets
    New Customers only. Deposit and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Free Sports Bets, valid on set events only at odds 2.00 or greater, expires in 7 days, plus a £10 Casino Bonus, expires in 7 days. Wager the Casino Bonus 35x to withdraw winnings. Credit/Debit card deposits only. Geographical Restrictions and T&Cs Apply, See Below. Please Gamble Responsibly.
    Claim
  • QUINNBET
    £1 or €10 No Deposit Free Bet for UK & ROI customers
    No Deposit £1 Free Bet Plus 50% Back of First Day Sportsbook Losses up to £25 Or a Guaranteed £5 Free Bet if your account is up. Enter code BET on registration. £1 no deposit bonus credited after verification. If your account has Sportsbook losses at the end of your first day's betting (23:59), get a refund of 50% first days losses as a Free Bet up to £25 (Minimum 3 bets required). If your account is up, you're guaranteed a £5 Free Bet provided you place at least 1 bet of £10 or greater at minimum odds evens or greater.
    Claim
  • BETFRED
    Bet £10, Get £30 in Free Bets + 30 Free Spins
    New UK & NI customers only. 18+. Sign up using promo code ‘SPORTS60’. Deposit & place first sports bet at a minimum of £10 in one bet transaction at evens (2.0) +. £30 paid in free bets within 48 hours of bet settlement, expires 7-days after issue. Offer not available to those registering on 04/04/2020. E-Wallet & Prepaid Card restrictions apply. Your first bet must be settled within 60 days of bet placement. SMS validation may be required. Game restrictions apply. Maximum 30 Free Spins on selected games. Free Spins expire after 7 days. Full T&Cs apply.
    Claim
  • BETFAIR
    Get up to £100 in free bets
    New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. Payment restrictions apply. T&Cs apply.
    Claim
  • 888SPORT
    Bet £10, Get £0 in Free Bets
    New customers only – Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Deposit method and withdrawal restrictions apply & Full T&C’s apply.
    Claim
  • 10BET
    100% up to £50 bonus
    New Customers only; Min. deposit £15 (no Skrill/Neteller); Bonus amount is 100% of deposit up to £50; Welcome offers are limited to one per person, family, household address, email address, telephone number, same payment account number (e.g. debit or credit card, Skrill and etc.), shared electronic device (e.g. school, public library, workplace, mobile phone) and shared IP; Wager the qualifying deposit and bonus amount 8x within 30 days to convert bonus winnings into real money; Wagers must be on min. odds of 4/5 on singles or acca bets with min. odds of 2/5 per selection to qualify; Max. stake contribution to wagering requirement is the value of your bonus; Certain bet types are excluded; See full terms; Terms apply; 18+
    Claim
  • BOYLESPORTS
    £25 Free Bet Bundle + Free Bet if 2nd to SP Fav
    *18+. Cash stakes only. Min £10 stake required for initial £5 free bet. Min odds ½. Max £25 in free bets. Subsequent free bets equal 50% average of each 3 qualifying bets. 13 bets required to receive full £25 free bet. Qualifying bet must be placed within 30 days of opening account. Free bet expires after 7 days. Payment method restrictions apply. T&Cs apply.**18+. Opt in. UK/IRE customers only. Max refund £/€20. Win or win part of e/w outright singles only. 5 or more runners. 1st bet on each race. Free bet expires after 7 days. Free/void/antepost bets don’t qualify.
    Claim
  • SPORTING INDEX
    Bet £10, get £10 in Free Bets
    New clients only. Applies to first £10+ bet on any sports market at odds of 1.5 or greater withing 30 days of registration. 1 x £10 free bet issued on qualify bet settlement. Free bet valid for 7 days and stake not returned. Offer not valid with cashout. Full T&Cs apply.
    Claim
  • WILLIAM HILL
    Bet £10, get £30 free bets. Bonus code: P30
    New customers only. Min £10 stake, win only, min odds 1/2, free bets credited as 2 X £15 (30 day expiry), free bet/player/payment method/country restrictions apply
    Claim
  • MobileWins betting bonusMOBILEWINS
    Bet €/£100, Get €/£50 Bonus
    Use promo code: HORSE
    New customers only. UK & Ireland. Wagering requirements apply. Full T&Cs apply. 18+. begambleaware.org
    Claim
  • MANSION BET
    50% up to £50 (Bonus Code: MB50)
    New customers only. Real Money Deposit Required. Credit or Debit Card only. Deposit & Bonus amount must be wagered 6 times (min. odds 4/5) prior to bonus funds and associated winnings becoming withdrawable. 18+. gambleaware.org
    Claim
  • SPORTNATION
    50% up to £125 (promo code SNWEL125M)
    Valid for new UK customers who have registered from 31/03/2020. Deposit using code SNWEL125. Valid once per customer. Bonus expires after 60 days.6x turnover at 1.7 minimum odds before withdrawal. 18+. Full terms apply.
    Claim
  • BETWAY
    €/£30 free bet bonus
    New customers only. Min qualifying bet £10. 100% Free Bet credited to Free Bet Balance upon a successful deposit. To activate the Free Bet a customer MUST place bets totalling the value of their 1st deposit (up to £30). Min odds 3/4 (single), 2/5 (EW), 2/5 (system bets) or greater. 1x Wagering. Free Bet expires after 7 days. Offer is only available to customers who deposit using Debit/Credit or Paypal. 18+.begambleaware.org. T&Cs Apply.
    Claim
  • PADDY POWER
    £20 Risk-Free First Bet
    New customers only. Place your FIRST bet on any sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using Cards or Paypal will qualify for this promotion. T&Cs apply.
    Claim
  • GENTING
    £10 First Bet Insurance
    New Customers. Qualifying bet is first settled bet £/€10+ (£10 E/W+) at odds 2.0+ placed within 28 days of registration. If bet loses, £/€10 free bet will be credited, use within 7 days, Stake not returned. Multiples require each selection odds of 1.4+ Full T&Cs Apply.
    Claim
  • UNIBET
    Money Back up to £40 + £10 Casino Bonus
    New customers only. 18+, BeGambleAware.org. Min deposit £10. Money back as bonus. Wagering requirements: Sportsbook 3x at min. odds of 1.40 (2/5), Casino 25x. Only one bonus can be used at a time, Sportsbook bonus must be wagered before using the Casino, unless the bonus has been forfeited. Bonus will expire after 7 days of opt-in
    Claim
  • CORAL
    Bet £5, get £20 in free bets
    18+. UK+IRE only. Min first bet £5. Must be placed within 14 days of account reg. £20 credited as 4 x £5 free bets. Not valid with CashOut. Free bet valid for 4 days. Free bet stake not returned. T&Cs Apply.
    Claim
  • BETHARD
    Get £50 Welcome Bonus - Wager Free!
    18+. Welcome Bonus Up to £50. Bonus will be available for player after the initial deposit of £20. The bonus consists of £5 for every £100 wagered. The bonus can be triggered up to 10 times. The maximum total bonus amount permitted per player or account is £50. T&Cs apply.
    Claim
T&Cs apply. 18+. Gamble responsibly.

Each Way Betting FAQs 

How much does an each way bet pay?

On your betslip you can quickly see the each-way terms just below your selection. You should see something like "E/W Terms: 1/5 Odds, 1-2-3-4 Places". In this particular case, the bookie will pay a fifth of the odds and the place aspect of the bet will cover 1st, 2nd, 3rd and 4th places. Anyway, every race has different terms, based on the number of runners. Plus, top UK bookmakers are often enhancing this terms and odds through specific betting promotions and free bets.

Is each-way profitable in horse racing betting?

Betting each way on horses gives us an advantage because horse racing betting sites don't set the place odds according to probability. Sometimes, the place aspect offers higher odds than the real probability of the event happening. In that case, that bet is called a value bet. Of course, you always need to make winning predictions, and our horse racing betting tips are here for it!

How can I use Each Way for arbitrage betting?

By having the place odds being a constant fraction of the win odds as opposed to being a separate market allows for arbitrage opportunities. This is very common when a race has a heavy favorite. His short price pushes other runners' win odds to be very high, forcing the bookies to pay higher odds for the places.

How much should I bet on Each Way betting?

Staking size can make all the difference between being successful or losing money. Bankroll management systems will help you to increase the chance to be profitful in a long-term period. Read our Kelly Criterion strategy to learn more.

SHARE IT WITH YOUR FRIENDS
Let your friends know about this article! Share it on your favourite social media!



User Rating: no ratingno ratingno ratingno ratingno rating / 0

Poor  Best 

Sections

Follow Us