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Betting Market – Each Way Bet

Each Way Bet Blog
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One of the significant dividends of operating in the sports betting industry is that there’s always an abundance of variety to work with here. In terms of the assortment of options punters can access in the industry, the each way betting market is well-known and loved. Here’s everything you need to know for those who’d like to try this market!

What Is Each Way Betting?

In its purest form, an each way bet requires a punter to place two wagers of equal cost in a session. One chance, referred to as the “Win Bet,” is placed on your selection winning the competition or round. The other bet, known as the “Place Bet,” is placed on your choice finishing in any number of spots expressly selected by your sports bookie before the competition. For this reason, in the each way betting market, a $10 bet requires a total wager of $20. The first $10 goes to your win bet, while the other $10 goes to your place bet. This betting market originated in horse racing but is now commonly used in various other sports like golf and football.

Understanding The Outcomes In Each Way Betting

We just mentioned that in this betting market, two wagers are placed simultaneously, the win bet and the place bet. Continuing with the example above, let’s assume you place a $10 each way bet on Manchester City vs. Nottingham Forest. Here, here put bet is that Erling Haaland scores the first goal of the match. If Manchester City wins the match and Haaland scores first, your $10 for the win bet and your $10 for the place bet will pay a return. However, if Manchester City loses but Haaland is the first on the score sheet, you lose your win bet. Only your $10 for the place bet will pay a return.

What To Know When Placing An Each Way Bet

There are three elements that you must consider carefully. These are:

The Odds

It refers to the odds your sports bookie has assigned to the win part of your wager. These odds influence the odds for the place bet of your stake.

The Each Way Places

These refer to the places selected by your bookie that your selection has to finish in to be eligible to claim a place reward. The each way homes on offer will often vary, depending on factors like the nature of the sporting event and the discretion of your bookmaker.

The Each Way Fractions

These are the odds given on the place part of your wager. They’re usually offered in fractions because the chances of your selection placing are generally higher than that of winning the competition outright. Only after you’ve adequately accounted for each of these factors should you tick the each way option on the bet slip of your online bookie.

Each Way Betting Odds Chart

Are you curious about the odds you’re receiving on the place element of your each-way bets? Look no further than our convenient Each Way betting odds chart.

Win Odds Decimal Win Odds Fractions
1/5 Place Odds Decimal 1/4 Place Odds Decimal
2 1/1 1.2 1.25
2.05 21/20 1.21 1.262
2.1 11/10 1.22 1.275
2.2 6/5 1.24 1.3
2.25 5/4 1.25 1.3125
2.3 13/10 1.26 1.325
2.375 11/8 1.275 1.343
2.4 7/5 1.28 1.35
2.5 6/4 1.3 1.375
2.6 8/5 1.32 1.4
2.625 13/8 1.325 1.406
2.7 17/10 1.34 1.425
2.75 7/4 1.35 1.4375
2.8 9/5 1.36 1.45
2.875 15/8 1.375 1.468
2.9 19/10 1.38 1.475
3 2/1 1.4 1.5
3.1 21/10 1.42 1.525
3.125 85/40 1.425 1.531
3.2 11/5 1.44 1.55
3.25 9/4 1.45 1.5625
3.3 23/10 1.46 1.575
3.375 95/40 1.475 1.593
3.4 12/5 1.48 1.6
3.5 5/2 1.5 1.625
3.6 13/5 1.52 1.65
3.75 11/4 1.55 1.6875
3.8 14/5 1.56 1.7
4 3/1 1.6 1.75
4.2 16/5 1.64 1.8
4.333 100/30 1.666 1.833
4.5 7/2 1.7 1.875
4.6 18/5 1.72 1.9
5 4/1 1.8 2
5.5 9/2 1.9 2.125
6 5/1 2 2.25
6.5 11/2 2.1 2.375
7 6/1 2.2 2.5
7.5 13/2 2.3 2.625
8 7/1 2.4 2.75
8.5 15/2 2.5 2.875
9 8/1 2.6 3
10 9/1 2.8 3.25
11 10/1 3 3.5
12 11/1 3.2 3.75
13 12/1 3.4 4
14 13/1 3.6 4.25
15 14/1 3.8 4.5
16 15/1 4 4.75
17 16/1 4.2 5
18 17/1 4.4 5.25
19 18/1 4.6 5.5
20 19/1 4.8 5.75
21 20/1 5 6
23 22/1 5.4 6.5
26 25/1 6 7.25
29 28/1 6.6 8
31 30/1 7 8.5
34 33/1 7.6 9.25
41 40/1 9 11
51 50/1 11 13.5
67 66/1 14.2 17.5
101 100/1 21 26
201 200/1 41 51

Bottom Line

Each way betting provides your wagers with a good measure of insurance. It has yet to be available in many other markets. However, remember that each way won’t be ideal for you every single time. So, make sure you read the situation carefully before making a decision.

 

Each Way Bet

Accumulator Bet

Goalscorer Bet

Handicap Betting

Spread Betting

Inplay Betting

Lay Betting

Double Chance Bet

Draw No Bet

Mix Parlay Bet

Frequently Asked Questions About Each Way Betting

Each way betting is a type of wagering on horse racing and other sports events. It consists of two separate bets: a win bet and a place bet. The win bet pays out if the chosen selection wins, while the place bet pays out if the selection finishes in a predetermined number of places, usually the top two, three, or four.
Each way betting provides a way to hedge your bets, allowing you to win money even if your selection doesn't come first. If your selection finishes in a place position, the place bet can still provide a return, mitigating the loss of the win bet.
Each way odds consist of two parts: the win odds and the place odds. The win odds determine the payout for the win bet, while the place odds determine the payout for the place bet. Generally, the place odds are a fraction of the win odds, with the exact fraction determined by the bookmaker.
The most common place terms for each way bets are 1/4 or 1/5 of the win odds for finishing in the top two, three, or four places, depending on the number of horses running in the race.
Each way betting is not limited to horse racing, but it can also be applied to other sports, such as golf, tennis, and football, among others. However, the place terms may differ from one sport to another.
To calculate the potential payout for each way bets, you need to multiply the stake by the win odds for the win bet and add the stake multiplied by the place odds for the place bet. The exact formula varies depending on the bookmaker and the place terms.
Each way betting can be profitable, especially when you're betting on horses with relatively high odds. However, the potential returns may be lower than with win-only bets, as the place bet payouts are typically lower. As with any form of betting, it's essential to manage your bankroll and approach each bet strategically.