An "each way" bet is a popular betting option, particularly in horse racing, that consists of two separate equal bets:
How Each Way Works
1. Win Bet: Your selection must finish first to win
2. Place Bet: Your selection must finish in a predetermined "place" position (usually top 2-4 depending on the event)
Example
If you place a £10 each way bet, you're actually betting £20 total:
- £10 on your selection to win
- £10 on your selection to place
Place Terms Vary By Event
- 2-4 runners: Win only (no place betting)
- 5-7 runners: Places pay for 1st and 2nd
- 8+ runners: Places typically pay for 1st, 2nd, and 3rd
- 16+ runners: Often 1st, 2nd, 3rd, and 4th
Payout Structure
- Win portion: Pays full odds if your selection wins
- Place portion: Usually pays 1/4 or 1/5 of the win odds (terms specified by bookmaker)
UK Bookmakers Offering Each Way
Reputable licensed operators include:
- Bet365 - Excellent each way terms and extra places promotions
- William Hill - Traditional each way betting with good place terms
- Ladbrokes - Regular enhanced place offers
- Paddy Power - Often provides extra places on big races
- Betfair - Both traditional and exchange each way betting
Each way betting provides insurance against near-misses while maintaining upside potential if your selection wins outright.