Each Way Bets (EW) are different from the normal Win Only Bets they give punters more chances to gain money. In a typical Win Only Bet the selected horse must win the race for a bettor to get a payout, but the Each Way will pay out even if your horse finishes 4th.
What is EW and How Does it Work?
When you place an Each Way Bet or EW, you place two stakes on the same horse at the same time. If you are planning to bet £20 on a winning stallion, instead of having your entire £20 stake on a Win Single, you can place £10 EW on the same selection. Thus you now have a £10 win single bet and also a £10 place bet. A winning horse on this type of bet means that both of your stakes are winners. Not only do you get your £10 bet on the win, but also a quarter of the odds for your second Each Way stake, as well as your original stakes back. If your horse comes in the official place, you get a quarter of the odds on your other EW, plus the Each Way back. To collect the place part of the bet, the horse needs to finish in the official places.
Each Way Place Betting Conditions
The place part of EW depends on many conditions. The following details will help you have a better understanding of place betting.
No. of Runners/Type of Race or Place Terms
- 2-4 runners, no place betting allowed
- 5-7 runners, 1st and 2nd one quarter the odds
- 8 + runners,1st, 2nd and 3rd one fifth odds
- Handicaps 12-15 runners, 1st, 2nd and 3rd one quarter odds
- Handicaps 16 + runners, 1st, 2nd, 3rd and 4th one quarter odds
Each Way Bets: Advantages
This type of bet is essentially a backup bet. In addition to doubling the original stake, EW allows bettors to reap many rewards and advantages which include:
- Protected profits
- Reduced losses
- Safe betting banks
When to Each Way Bet
EWs are ideal if the odds are high enough to pull an overall profit. This approach to betting presents you with many advantages. In fact, when you are placing an Each Way bet, you are protecting your profits, reducing your losses and increasing your chances to win and double your stake. Whether you are a seasoned punter or a newbie to the game, Each Way bets can bring you steady profits.