Each way betting is two bets in one. It’s a bet to win, coupled with a bet to place. If you bet £5 “each way” on a horse that has odds of 4-1 to win, you’re betting £5 on the horse to win, and another £5 for it to place. If it places you receive a predetermined percentage of the full price, usually a third or a quarter (i.e. £5 at 4-1 @ ¼ odds = £6 returned). If it wins you receive the full price (i.e. £5 at 4-1 = £25 returned) plus your winnings for the place.
Which Betting Company Offers Each Way Betting?
All betting companies will offer each way betting. Each way bets are usually offered in events with a large field – typically horse racing. You may be able to bet each way at the start of longer events with large fields, like the US or UK Open in golf, or Wimbledon. You will likely be offered an each way bet for your chosen golfer or tennis player to either win or finish in the top four places, i.e. at Wimbledon for your chosen player to at least reach the semi finals. When considering a each way bet, you need to find a company who offer good percentages of the odds for a place bet. Poor companies may offer a percentage of only ¼ for a place bet for a top two finish in a medium-size field. It pays to do your homework with each way betting and go with the larger betting companies, such as William Hill or Ladbrokes.
Is Each Way Betting Right For Me?
There are two main reasons for each way betting – to protect your stake and to get good odds on a competitor that is likely to finish high up in the finishing order, but is unlikely to win. If you bet each way on a horse you expect to win, you will recover some of your stake if the horse fails to win but does place. You should also feel free to wager a larger stake if you are confident that your selection is likely to win, is almost certain to place, and has good odds. Finally, you may discover an outsider whose offered price is better for the punter than the competitor’s current form deserves. In this case you are likely to ‘cash in’ if the outsider comes good and places, with the added bonus of a slight windfall if it wins.
Each way betting is a great way of both increasing your gambling earnings and minimising your losses. You will lose more often if you simply bet on everything to win. True, the actual amounts you will win are greater, but over the long run, and on average, you will make more and lose less if you place more each way bets then bets “on the nose”. Experiment with each-way betting and see how you perform in the long run. Compare your results with how you would have done if you’d simply made all your bets “to win”. You’ll almost certainly find out each way betting is preferable strategy.