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What does each way mean?
Each way is a term used to describe a type of bet that is split into two parts: a win bet and a place bet.
Both bets are of equal value, so a £5 each-way bet will be split into a £2.50 win bet and a £2.50 place bet.
The win part of the bet is placed on a horse, for example, to win its race, while the place part of the bet is placed on the horse to place.
A place is often considered to be second or third, though this can vary in races with large numbers of horses.
The returns for the win part of the bet will be paid in full, but the returns for the place will be calculated at a fraction of the odds – this is usually 1/4 or 1/5.
How to place an each-way bet
Placing an each-way bet is identical to placing a normal bet.
Simply go to the sportsbook and make the selection that you would like to back. Before placing your bet, tick the box marked “E/W” to turn it into an each-way bet.
Remember when placing an each-way bet that your stake is doubled, as you have to cover your win bet and place bet.
So if you enter £2.50 as your stake, the total bet will actually cost you £5.
Can you do an each-way accumulator?
Yes, an each-way accumulator works in exactly the same way as a normal accumulator, except – as with the singles – that your stake is doubled to cover the win bet and the place bet.
Simply head to the sportsbook and make the selections that you would like to include in your accumulator.
Before you place your bet, be sure to tick the box marked “E/W” that is placed next to your stake.
Ticking that box will also double your stake in order to cover the win bet and the place bet – so if you enter £2.50 you will actually be staking £5.
How to calculate winnings from an each-way bet?
To calculate each-way winnings, you need to distinguish between the win bet and place bet in your mind.
Take this example:
In this case, £2.50 has been staked on Tiger Roll to win the 2021 Grand National, and £2.50 has been staked on Tiger Roll to place.
As you can see, the place bet is available at 1/4 odds and will pay out if Tiger Roll finishes in the top four places.
That means that the place bet odds for Tiger Rolle are 3/1 – a quarter of 12/1 – and you will be paid out £10 if he finishes in the top four.
If Tiger Roll wins, you will be paid out £32.50 (the payout from the win bet) plus £10 (the payout from the place bet), which adds up to the £42.50 potential return that you can see.
In an accumulator bet, things will work exactly the same way.
If all of your selections won, you would receive the win bet accumulator payout plus the place bet accumulator payout.
However if any of them only place, the win bet accumulator will be a loser and you will only receive the place bet accumulator payout.