What is Each Way betting? 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.
An each way bet is a bet promoted by various online horse racing bookmakers, consisting of two different wagers, a bet for ‘place’ and a bet to ‘win’. In order for the ‘win’ aspect of the wager to come through, the particular bet must win or finish in the first place.
The initial part of an each-way bet is picking a winner in a specific horse race. The second part is the defining ‘each way’ aspect, where you are getting a return for a horse that finishes anywhere up to 5th place. Simply put, if you're backing an each-way bet in horse racing, your bet is placed into the parts: the 'win' and the 'place'.
Each-way means you are betting on two things. The first is that the horse will win. The ‘Win’ part of your bet is on your horse to finish first, and the ‘Place’ part is on your horse to finish either first or in one of the places, e.g. 2nd, 3rd, 4th (5th or 6th with selected bookmakers).
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.
An each-way bet consists of two bets of equal cost, a win bet on your selection to win an event and a place bet on it to finish within a certain number of places specified by the bookmaker...
An each way bet is a bet made up of two parts: a ‘win bet’ and a ‘place bet’. For example, if you’re placing an each way bet on a horse race, two bets of equal amounts are made on the same horse. One bet is for the horse to win (win bet) and the second bet is for the horse to place (place bet). Win Bet: If the horse wins the race, this bet is won.
An Each Way (EW, E/W) bet is essentially two separate bets: one for the horse to win, the other for the horse to place in any of the place positions offered in that race. This means you can receive a return on your bet if your selection wins, but also if it just places.