Each way betting is a popular option for beginners in horse racing, combining a win bet and a place bet into one. This guide will help you understand the basics.
- What is Each Way Betting? It’s essentially two bets: one for the horse to win and one for it to place. You double your stake as a result.
- How Does It Work? If you bet $10 each way, you are placing $10 on the horse to win and $10 on it to place. If the horse wins, both bets pay out. If it only places, the place part pays out, but you lose the win bet.
- Place Terms These vary depending on the race type and number of runners. Common terms are:
- 1-4 runners: Win only
- 5-7 runners: 1st, 2nd (1/4 odds)
- 8+ runners: 1st, 2nd, 3rd (1/5 odds)
- Advantages Reduces risk by covering more outcomes.
- Disadvantages Costs more than a simple win bet due to doubling the stake.
Understanding each way betting can enhance your enjoyment and strategy in sports betting, especially horse racing.
