How do I calculate an each-way bet?

How To Calculate an Each Way Bet. An each way bet gives you an equal stake on the win and place markets. For example: If you have $10 each way on a horse, your total stake is $20. $10 for the win, and $10 for the place.

How do I calculate my each-way bet return?

Each Way Betting In Summary When you bet each way, you have two bets; one for the horse to finish first, and a second bet for the horse to finish in the top four or five (varies according to by race). The winnings for the latter bet are calculated by applying the fraction (usually 1/4) to the original odds available.

What does 1/5 each-way mean?

This means you will be paid for your win part of your bet at the odds chosen when you placed the bet and for the place part of your bet at 1/5 of your odds.

Is each-way 1st 2nd and 3rd?

It essentially gives you the chance to get a return on your money if the horse you back doesn’t win but instead finishes in 2nd, 3rd, 4th or 5th place. Each-way means you are betting on two things. The first is that the horse will win. The second is that it will finish anywhere up to 5th place.

Is each-way top 3 or 4?

What does EW 3 places mean?

Place terms are used to determine the pay-out of your bet. If you place a bet which is EW (1/5, 3 places) and your horse finishes in the top 3, you’ll win your bet. The place portion of your bet will pay out at 1/5 of the odds that you took that horse for.

What does each-way 4 places mean?

If the Each Way Terms are 4 places at 1/4, this is what happens: My horse is a winner. This means you will be paid for your win part of your bet at the odds chosen when you placed the bet and for the place part of your bet at 1/4 of your odds.

What is a bad each-way bet?

In horse racing, you may have heard the term “bad each way race,” this means that it’s a bad each-way race for the bookmaker and there is value on offer for the punters. A classic example of a bad each-way race might be eight runners with five outsiders and three horses towards the head of the market.