An Each Way Bet (EW) is a betting method commonly used in horse racing and golf, but can be applied to various sports. It’s essentially two separate bets: one bet for the selection to win and another for the selection to place (finish in one of the top positions, like first, second, or third). The number of places that count for the ‘place’ part of the bet varies depending on the event and the bookmaker’s terms. The total stake is split evenly between the two bets, and both parts of the bet must be of equal size.
Frequently Asked Questions (FAQs):
How is the payout for an Each Way Bet calculated?
Answer: If the selection wins, both the ‘win’ and the ‘place’ bets pay out. If the selection only places, only the ‘place’ part of the bet pays out. The ‘place’ payout is a fraction (e.g., 1/4 or 1/5) of the winning odds, as specified by the bookmaker.
When is it beneficial to place an Each Way Bet?
Answer: Each Way Bets are particularly beneficial when betting on outsiders or selections with longer odds. This way, even if the selection doesn’t win but manages to place, the bettor can still get a return on their stake.
Can I place an Each Way Bet in events with fewer participants?
Answer: The availability of Each Way Bets largely depends on the bookmaker’s terms. In events with fewer participants, the number of places that count for the ‘place’ bet might be reduced, or Each Way Betting might not be available at all.
Is the ‘place’ part of an Each Way Bet always about finishing in the top positions?
Answer: Typically, yes. However, the exact definition of ‘place’ can vary. In horse racing, it often refers to finishing in the top 2, 3, or 4, depending on the number of runners. In golf tournaments, it might refer to the top 5, 6, or even 10. Always check the bookmaker’s terms.
How is the stake distributed in an Each Way Bet?
Answer: The total stake is divided equally between the ‘win’ and ‘place’ bets. For example, a £10 each way bet would mean £10 on the ‘win’ and £10 on the ‘place’, totaling £20.
