What is an Each Way Bet?
An Each Way Bet, often abbreviated as EW bet, is a popular bet type in the world of horse racing and golf, but can also be used in other sports.
Essentially, it is two separate bets combined into one.
The first part of the bet is a ‘win’ bet, where you are betting on your chosen selection to win the event.
The second part is a ‘place’ bet, where you are betting on your selection to finish in one of the pre-determined place positions.
The number of places that are paid out can vary depending on the event and the number of participants.
How are the Winnings Calculated for an Each Way Bet?
The calculation of winnings for an Each Way Bet can seem complex at first, but once you understand the process, it becomes straightforward.
Let’s take an example with a £10 Each Way Bet. This means you’re actually placing £20 in total (£10 for the win bet and £10 for the place bet).
Assuming that the odds for the win bet are 10/1 and the bookmaker is paying out 1/4 of the odds for the place bet.
If your selection wins, both parts of your bet are successful. The win part of the bet would return £110 (£10 stake x 10 + your £10 stake back). The place part of the bet would return £35 (£10 stake x (10/4) + your £10 stake back).
Your total return would be £145.
If your selection finishes in the places but doesn’t win, only the place part of your bet is successful. In this case, you’d get the return from the place part of the bet, which is £35.
How many places is each way?
Typically in horse racing, each-way bets pay out on the first two, three, or four places.
The standard is to pay out on the first three places for larger fields (races with more runners), but this can extend to four or even more places in certain big events or special promotions.
What is an each way acca?
What are the advantages of an each way bet?
It splits your stake between a win and a place bet, increasing your chances of getting a return if your selection doesn’t win but still finishes in a top position.
Each-way bets are less risky than straight win bets, offering a safeguard against total loss if your selection doesn’t come first, yet still providing the opportunity for a good return if it places.
