If you’re someone who’s into horse betting, you must be familiar with the term E/W or EW which means Each Way betting as it is one of the most popular forms of betting in the racecourses. When a bettor’s chosen horse fails to win a race by an extremely narrow margin, this form of betting can be used to insure their choice. With the place part of this bet type, the chances of making a return can effectively increase even though it might not be the entire amount which the win could have brought for the bettor.
An Each Way bet – What is it?
An each way bet is actually made of 2 different parts – A WIN bet and a PLACE bet. In case of an each way bet, two bets of similar amounts are supposed to be made, where the first one should be on the selected horse to win the race and the second one on the same selected horse to place. As long as ‘Win’ is concerned, it means the horse has to finish the race first. On the contrary, the ‘Place’ means that the horse can finish the race in any of the other top positions. Though usually bookies pay for the 4th or 5th position but the accurate number of positions varies from one bookie to another.
When you bet 10 pounds in each way form of betting, you’re not just betting that amount. This is one of the common blunders made by rookies. In case of each way betting, you bet 10 pounds on one result and another 10 pounds on the other result. Hence, the bet would have costed you 20 pounds.
How does an Each Way bet work?
Here are the steps that you need to take in order to make Each way bet work for you:
- Choose a selection horse and determine the amount that you wish to bet.
- Next you need to place a WIN bet on the horse so that it finishes first.
- Then make a PLACE bet on that horse so that it can either win or even finish the race in any of the top positions. The horse probably needs to be 1st, 2nd, 3rd, 4th or 5th.
- One thing that you can’t forget is that each bet should have an equal stake.
- The odds on the PLACE bet are determined as a fraction of the odds of winning selection – ½, 1/3, ¼, 1/5.
- The total number of related fractional odds depends on the bookmaker and on the event.
- If the horse finishes first, you’ll earn profit from both the WIN and PLACE part of the bet.
- If the horse doesn’t end up first, the WIN part of your bet is lost.
- Nevertheless, if it finishes 2nd or 3rd or 4th or 5th, you can still earn return from the PLACE part of the bet.
Why should you bet Each Way?
You should bet each way as betting is one of the most popular ways of boosting your chances of winning a bet. There are few sporting events where there aren’t any strong favorite and so all the selections are priced high. Here you will find it tough to choose who will win but due to the long odds, you can get favorable odds even though the fraction is applied. Hence, there are many who would consider each way betting to be a low risk option.
How many places are paid Each Way?
This depends from one bookie to another but usually it is the top 1st, 2nd and 3rd positions. This is in reference to the positions the horse should finish in order to let the PLACE bet to win. Now if you consider a race such as Grand National which has got more runners, there will definitely be more places.
What is the meaning of ‘Win and Each Way’?
An each way bet is nothing but a wager that is provided by the bookmakers and this primarily consists of 2 bets- a win bet and a place bet. For the first one to give you returns, the selection should win and for the second one to give a return, it should achieve any of the other top positions.
Each way betting tips
As long as betting on each way form in horse racing is considered, it is equally popular as backing any other horse to win and hence you can do this will each and every major bookmaker. They usually work with the leading bookmakers throughout UK and hence choosing bookmakers that offer the best price will definitely be easier. The bookies always have exclusive features and promotions and some can even guarantee odds on Irish horse races.
So, now that you know the ins and outs of Each way betting, you may try your luck in it. Do your bit of research on this betting form before taking the plunge.
