What is an Each-Way bet?
An Each-Way (E/W) bet is a bet consisted of two separate parts - a win part and a place part. The win part of the bet is on your selection to win the event, and the place part is on your selection to finish either first or within the race's specified place terms (e.g. 2nd, 3rd, 4th, etc). The bet is very popular in horse racing since it allows you to gain returns even if your horse doesn't finish first.
How do Each-Way bets work?
When you place an Each-Way bet (by ticking the e/w check box), your stake is doubled, with half allocated to the outright win, and the other half allocated to your runner finishing within the place terms. Each race has specified place terms depending on the number of runners, eg. ¼ 1-2-3. In this example, an Each-Way bet placed on a runner that finishes 1st will pay in two ways: you will win the outright portion of the bet, but you will also win the place portion at ¼ the outright odds as it finished in the top 3.
You place a 2 GBP Each-Way bet on a 12/1 shot in a race with E/W terms ¼ 1-2-3
If your selection finishes 1st:
- You win 12 GBP plus your stake for the outright win
- You also win 3 GBP (quarter the outright odds: 3/1) plus your stake for placing (ie. finishing in the top 3)
If your selection finishes 2nd or 3rd:
- The outright portion of the bet will lose
- You win 3 GBP plus your stake for placing
If your selection finishes outside the place terms for the race, both bets lose.
How do Each-Way Accumulators work?
In the case of settling Each-Way Accumulators, the win portion of the first bet will be carried over to the win portion of the following bet, and similarly, the each-way portion of the bet will be carried over to the each-way portion of the following bet.
You place a 1 GBP e/w accumulator on selection A in Race A and selection B in Race B. This means you have an outright (win) accumulator and a place accumulator
If selection A wins and selection B only places, the outright portion of the accumulator will lose, but the place portion will win.
If selection A only places and selection B wins, again, the outright portion of the accumulator will lose, but the place portion will win.