What is an Each-Way Bet?

An Each-Way Bet is a wager that a bookmaker offers. It consists of two parts, a win bet and a place bet. The win part of the bet must finish first in an event to win the bet. In other words, you bet that one horse will finish first, and you bet that another horse will finish second.

Each-Way Bets are not the best bets for every bettor. It’s important to find a selection with a reasonable chance of winning. Using a betting calculator is a great way to determine whether an Each-Way bet is worth your money. It’s also a good idea to check the place terms for each race. You might find a better value in a horse that finishes second or third.

An Each-Way bet is an option for those who don’t want to bet on the winner or the runner-up. If a horse does not win, you can still make money with a Each-Way bet. These bets are often abbreviated as EW or E/W. If you’re having trouble calculating returns on each-way bets, you can use the calculators offered by Paddy Power and Betfair.

When placing bets, you must first look at the odds for the race. Each-Way bets typically pay out a quarter or half of the original odds. If a horse is 20-1 and then wins, its odds will be -1/4. If it finishes second, the odds are 1/5, making an Each-Way bet a good option if you’re betting on a horse that has a high chance of winning.