Each-way betting in horse racing is a popular market that continues to generate interest amongst bettors. They have been established as preferred bets for novice bettors due to their simplicity and with seasoned bettors for their complexity.
As a result, this each way bet in horse racing article will look more closely at their preferred betting market. We will include a list of the top 7 bookmakers for each-way bet betting, explain what is each-way bet, offer some tips and advice and include sport types offering each-way betting.
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Best 7 Online Bookmakers for an Each Way Bet
With so many bookmakers vying for your attention and offering each way betting markets, it can be difficult to separate the good from the bad. Therefore, to help save you time, we have provided a list of the best 7 bookmakers for each way bets below. Each bookmaker offers a variety of sport types suitable for pre-match and in-play each-way bets.
- Offers each way bets for UK and Ireland horse racing
- Access to pre-race odds and betting markets
- Includes video streaming for most each way bet markets
- Excellent each way betting options
- A limited number of each way bet opportunities
- Offers each way betting for multiple sports
- Includes live coverage and post-race results
- Competitive odds for each way bet markets
- Does not offer pre-race statistics
- Extensive coverage of UK/Ireland and international horse racing
- Includes each way, forecast and tricast betting options
- Offers competitive each way betting odds
- Must be a member to access live streams
- Superb international horse racing coverage
- Offers multiple each way bet friendly sport types
- Favourable Each way betting odds
- Features free live streaming
- A limited number of horse racing promotions
- UK, Ireland and international horse racing coverage
- Offers virtual horse and Grand National coverage
- Best odds guaranteed for all Irish and UK horse races
- Must be logged in to view live streams
- Features hundreds of daily and monthly horse races
- Offers in-play each way betting
- Localised live horse racing commentary
- Pre-race and post-race statistics
- Live streaming is only accessible once logged in
- Competitive horse betting odds
- Betting tips on significant horse races
- Competitive each way betting odds
- In-play and live streaming of local UK races
- Must be registered to access or view virtual sports
What is an Each Way Bet?
An Each way bet is a bet that allows you to stake money on your selection, winning a race and finishing in a pre-determined number of places. Resultantly, each way meaning is to effectively place two bets on the same horse and race. The unique side to this type of bet is one is on the winner, and the second is on what place a horse will finish.
This type of bet is rather diverse. It offers increased payout potential as both bets can produce a winning betslip. Moreover, it provides the opportunity to win both bets and pay even money on win bets where the selected hose a finishes in 2nd or 3rd.
How does the Each Way Bet Works?
How each way bet works is simple and, once understood, easy to comprehend. Unlike singles and multis, you are making two bets on equal value with each way of betting. One of for the winner of the race, and another is a horse racing each way how many places bet.
As this type of bet involves two wagers, one on the winner and one to place, it means there are two ways to win. If either of the bets returns a positive outcome, the bet will be declared a winner and paid based on the posted odds.
How to place an Each Way bet on Horse Racing?
How to place an Each Way Bet on horse racing is not remotely complicated. To place an Each way bet, you can follow these simple to use steps:
- Choose an upcoming horse race
- Place a Win Bet on the horse you predict will finish first
- Next, make a Place Bet on the same horse
- Enter the amount you wish to stake
- Submit your bet
Are there any rules for betting an Each Way bet?
The rules for each way betting are quite simple, and resultantly, that is part of its appeal. The most relevant rule that punters need to remember is that you are, in essence, making two bets. Therefore, you must stake an equal amount on each bet. Beyond that, Each way betting is a straightforward bet that punters will ideally combine with betting strategy and pre-race research.
Pros & Cons of Each Way Betting?
As with any betting market, there are pros and cons to Each way betting. While the pros outweigh the cons, there are worth considering as they may sway your decision one way or the other. To provide you with a few to consider, we have listed the advantages and disadvantages of each-way betting.
- Readily available market with online bookies
- Potential for high than average returns
- Each win will pay if one bet loses
- Requires placing two bets versus one
- Place odds can be less favourable
Each Way Bet Calculator – How to Calculate Winnings?
As we have explained, each way bets involve two bets, and calculating winnings are based on the outcome of those two bets. To calculate your each-way bet winnings, you can use each way bet excel formula that will take the win part of your bet and the amount staked and multiply it by the odds. Likewise, to calculate the place part of your bet, the process is repeated.
For example, you stake £10 on the win part at 20 to 1 odds and £10 on the place part with 4 to 1 odds. Your calculated winnings would be £210 for your win bet and £50 for your place bet.
Which are the Leading Horse Races for Each way bets?
When it comes to leading horse races for Each way bets, there are several that stand out. One of the most popular races for Each way bets is the Royal Ascot, while the Epsom Derby, Grand National, and Cheltenham Festival come in a close second. However, while these are leading races for Each way bets, bookmakers can place each way bets on most horse races. Therefore, regardless of the venue, these popular option punters are likely to favour.
Each Way Bet Bonus Types
The competition amongst bookmakers is a constant reminder that promotions need to be appealing to attract and retain customers. As a result, bookmakers offer a variety of promotions designed to appeal to those who prefer each way betting. While the frequency of the bonus types we listed below are unpredictable, they are frequently offered.
Each Way Free Bet
Each way free bet is a bonus that awards a free bet when wagering on a specific horse racing event for a specific stake.
Each Way Non-runner No bet
When available, an Each Way Non-runner No bet will return your bet on any each way non-runner no bet market should your horse not run.
Boosted odds bonuses will increase the potential payout by boosting the odds and paying the higher price.
How to Win with Each Way Bet?
As Each way bets are popular and offer excellent return potential, how to win with each way bets requires some thought and planning. Therefore, to help provide you with an edge, we have put together a list of tips that have proven helpful when placing each-way bets.
Do your research and study past results
One of the easiest ways to increase your overall results is through researching and studying past results. In the days leading up to a horse race, set aside time to research the horses, jockeys, weather conditions any other factors that may give you an edge and compare them to past results.
Bet on multiple winners
If you’re going to bet, bet on multiple winners. Like any sporting event, the favourites are not always the winners. Therefore, by betting on multiple winners, you diversify your bets and increase the likelihood of a positive result.
Bet on multiple races
Like multiple winners, betting on multiple races increases the opportunities for success. When available, diversify your bankroll by betting on multiple races. Along with improving your odds, you can gain insightful information on how a horse or jockey performs at a particular racecourse or during certain conditions.
Each Way Bets in Other Sports
While horse racing is the most popular sport for each way betting, there are several other sports that provide the opportunity for each way betting. We have provided a list with brief descriptions to help you understand the other sports suitable for each way bets.
Similar to other team sports, each way bet in football requires betting on the winner of a tournament and a team to place.
Placing an each-way bet golf bet is identical to other sports as bettors need to select the golfer to win and another to place.
Each way bets in tennis require selecting one player to win a tournament outright and another bet on a player that will make it to the final.
- Formula One
Like other each way bets, these in F1 are a bet on the winner and a driver to finish within a set number of places.
FAQ about Each Way Bet
How Does the Each Way Bet Work?
Each way bet works as two bets, one for the winner and one to place.
Can I bet an Each-way bet on football?
Yes, each way bets are available on football.
Where to find each way bet calculator?
While each way bet calculators are available, most bookmakers such as Bet365 automatically calculate your potential winnings when placing your bet.
Are there any each-way betting horse racing systems?
We are not aware of any each-way betting horse racing systems being in existence.
How many places are there in each way bet?
The number of places will depend on the number of horses entered in a race. Generally, the number of places for races with 5 to 7 horses is two places; for 8 to 15 horses, it is three places and four places if 16 horses are running.
Is it worth making each way bet?
Yes, each way bet offers some great opportunities to generate profits.
Conclusion on Each Way Bet
Each way betting in horse racing continues to remain a popular market due to its possibilities for punters. Available at each of our top 7 bookmakers for each way bets, they offer excellent odds and multiple promotions that, when used with the advice delivered in this article, can enhance the profits that can come from each way bets.