Each way betting, commonly referred to as EW, has been very popular with punters for many decades typically with horse racing.
What Is Each Way Betting?
Each Way Betting Explained
Why is Each Way betting so popular?
What odds will you receive for your place bet?
An Example
So let’s say for example a horse is 11.00 to win a race (10 to 1).
Unfortunately for you, your horse doesn’t win. But fortunately, it runs 3rd. You’ve put £10 each-way on that horse. Receiving 1/5 the win odds for a place will see you get odds of 3.00 (2 to 1) for the £10 place portion of your each-way wager.
This will give you a full return of £30. After we deduct our total stake of £20 (£10 each-way) you have made a profit of £10. Not bad going for a horse that didn’t even win.
And just imagine had your horse won! You can see why each way betting is so popular.
