Each Way betting is a popular type of horse racing bet that gives you two chances to win. Here's how it works:
What is Each Way?
An each way bet is essentially
two separate bets combined:
1.
Win bet - your horse must finish 1st
2.
Place bet - your horse must finish in the top positions (usually 2nd, 3rd, or 4th depending on the race)
How it Works
- You stake twice your intended amount (e.g., £5 each way = £10 total stake)
- The place portion typically pays at 1/4 or 1/5 of the win odds
- Place terms vary by race size:
-
5-7 runners: Win only (no each way)
-
8+ runners: Usually places 1st, 2nd, 3rd
-
16+ runners: Often places 1st, 2nd, 3rd, 4th
Example
£5 each way on a horse at 10/1 odds:
- If it wins: Win bet pays £50 + place bet pays £12.50 = £62.50 return
- If it places 2nd/3rd: Only place bet pays £12.50 return
- If it finishes 4th+: Both bets lose
Best UK Bookmakers for Each Way
- Bet365 - Enhanced place terms on selected races
- William Hill - Extra places on big handicaps
- Paddy Power - Regular each way promotions
- Betfair Sportsbook - Competitive each way terms
Each way betting is ideal when backing horses at longer odds or in competitive handicap races.