Is it best to bet each-way on horse racing?

The general rule of thumb is that you should only really be betting each way if a horse has odds of 4/1 or better. That’s because anything less than 4/1 really doesn’t represent value for money. You will be due to make a loss if your horse fails to win the race.

How much do you get for an each-way bet?

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 each-way mean on horses?

An each-way bet is a wager offered by bookmakers consisting of two separate bets: a win bet and a place bet. For the win part of the bet to give a return, the selection must win, or finish first, in the event.

What does 5 each-way mean?

An each-way bet consists of two bets of equal cost, a win bet on your selection to win an event and a place bet on it to finish within a certain number of places specified by the bookmaker beforehand. That’s why a £5 each-way bet requires a total stake of £10 (£5 win and £5 place).

What is an each way bet in horse racing?

What is an each way bet? An each way bet is a bet made up of two parts: a WIN bet and a PLACE bet. Two bets of equal amounts are made; the first on a selection (horse) to win and the second on the same selection to place. A ‘win’ obviously means that the horse finishes the race first.

What is the outcome of a each way bet?

The outcome of your Each Way bet depends on where the horse came in the race. There’s 3 scenarios: Win. The horse comes 1st place. You win both the ‘Win’ and ‘Place’ parts of your Each Way bet. Placed. The horse didn’t come first, but still placed. You win the ‘Place’ part and lose the ‘Win’ part of your bet. Unplaced. The horse failed to place.

What is a £10 each way bet?

For example, a £10 each way bet means your total stake is £20. The odds on the PLACE part of the bet are calculated as a fraction of the winning selection odds: 1/2, 1/3, 1/4, 1/5. The number of specified places and associated fractional odds are dependent on the bookmaker, sport and event.

How much is a place in horse racing betting?

Each part of the bet must be an equal stake, e.g. a £5 each way bet will have £5 on the ‘Win’ and £5 on the ‘Place’ making a total of £10. The ‘Win’ part of your bet is on your horse to finish first, and the ‘Place’ part is on your horse to finish either first or in one of the places, e.g. 2nd, 3rd, 4th (5th or 6th with selected bookmakers).