How much does an Each-Way bet cost? An Each-Way bet will cost twice as much as it's value i. What is an Each-Way Multi bet? An Each-Way Multi is basically a series of Each-Way bets or legs with the winnings the stake x the dividends of the first leg reinvested into the subsequent leg, and so on until the bet has either resulted in a win or failed due to an unbacked outcome. Each leg will consist of equal staking on a horse to Win and to Place, with the horse needing to at least Place for the Each-Way multi to remain alive.
Understanding the returns you can make from each-way wagers does require a few sums and with bookmakers like Betfair and Paddy Power they offer each-way betting calculators to help punters with the maths. Half the stake is placed on the win and half the stake is wagered on a place finish.
For the win bet to pay out the selection must finish first, whilst for the place bet to be successful the selection has to either win or cross the finish line in one of the top two, three or four places. In the biggest races, like the Grand National, some bookmakers even extend the each-way place terms down to the fifth, sixth or seventh-place finishers. If there are fewer than five horses in a race then bookmakers are unlikely to offer each-way odds. The number of places which count for an each-way place bet to pay out varies according to bookmaker, market, type of race and the number of runners.
You will note the reference to handicap and non-handicap races above. In handicap races horses are allotted specific weights to carry based on previous performances, with the best horses carrying heavier loads in order to encourage closer finishes. Famous races such as the Grand National and the Melbourne Cup are handicaps and many bettors place each-way bets on those races, given the high number of runners and unpredictability involved.
Always keep an eye out for late non-runners as this can alter the odds at the last minute.
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SURE BETTING TIPSTERSPLACE
Once you've clicked on the race, you'll be taken to the card where you'll be able to view all of the runners and riders. Click on the Tote Win icon next to the horse you want to bet on to add to your bet slip. You'll get a notification once your selection has been added. Click on your bet slip and you'll see your selection added to the bet slip. To bet on your selection to win, just add your stake to the Tote Win bet field and click Place Bet. To have an each-way bet, click on the EW icon.
This will add a bet of the same value to your slip on the Tote Place market. If you'd just like to bet on your horse to place, make sure each-way is deselected and enter your stake into the Tote Place field. Tell one of our staff either the name of the horse or their race card number, how much you want to bet on the horse. It is therefore not possible to lose half your stake as you will either receive it all back if placing a successful place bet or you will lose it all.
Another difference is the odds you will receive. Instead, the prices available will be similar to what they are for each way betting, only a little shorter usually. Place betting can easily work out better value for money though as you will not lose half your stake. The last difference to be mindful of with a place bet is that you receive the same money back regardless of how the horse performs.
Your returns are fixed no matter if your selection finishes first or squeezes into the final place position. This is a major difference to each way betting in which the returns are always much larger should your selection win, rather than just place. There is no definitive answer to this but there are times where we would certainly recommend one bet type over the other.
Each way bets should generally be preferred in cases where you think your selection has a good shot at winning the contest. This is because only with an each way bet will you be generously rewarded should your selection end up victorious.
Should they fall just short, you will receive something of a small consolation, which in most instances should ensure you walk away with at least something. The other main option for an each way bet is where you simply want to eye up a big prize.
You might think your selection does not have that much hope but you want to watch a race or match with the excitement that could get a lot back even if they only manage a place finish. Place bets on the other hand are best when you think one contender is definitely capable of finishing high up the pecking order, but a win is perhaps asking a bit too much. This can often be the case when a race consists of one or two strong favourites.
