An each way bet is essentially two separate bets placed at the same time: a win bet and a place bet. For the win portion of the bet to payout the selection must win outright, while for the place portion of the bet to payout the selection must either win outright or finish in one of the ‘places’ outlined by the sportsbook. The number of ‘places’ that payout depends on the wager, so you should always make sure you check how many places pay rather than assuming its a certain number. The odds paid on the place portion of the bet are generally a fraction of the win odds. You will generally see 1/2, 1/4, etc and these fractions determine the odds that you will receive on the place portion of your bet.

For example at Bet365 you may see a bet that looks like this “Each-way 1/3 1-2-3”. This would mean that the place portion of the bet pays out 1/3 of the win odds which will be shown and the place bet wins if your selection finishes in the top 3 positions.

However, using each way bets can be a great way to keep your wager from being a total loss. It is a relatively straightforward hedge, although it isn’t available for all sports. What does each way mean in betting? An each way bet is quite a bonus because it allows you to bet on two separate outcomes at the same time. This can be a great way.

When you place an Each Way bet, you are actually placing two wagers for twice the stake. The first part of the bet concerns the win, and for you to see a return from this part of the wager, your selection must be declared the event’s winner. When you make an each-way first goalscorer bet, half of your stake is put on a regular bet for who is going to score first. The other half of the stake is put on the same player and with this one you are betting that the same player is going to score either the second or the third of the match.

Each-way Bet Example

Here is an example of an each-way bet for the winner of the top goalscorer of the UEFA Champions League from Bet365.com.

Each-way 1/4 1-2-3-4

• Cristiano Ronaldo +150
• Lionel Messi +175
• Robin van Persie +800

There are the 3 favorites to win the top goalscorer in the Champions League this year. So let’s use Messi in this example and find out how much you would win based on which place he finishes in the top goalscorer standings. We will use a $100 each-way bet for this example, which would cost $200 total for the two bets it’s placing:

• The return on the win part of the bet (which is what the odds show) would be $100 stake + $175 winnings = $275
• The return on the place part of the bet (which is for finishing from 1st through 4th in this example) would be $100 stake + (175/4) = $143.75

So overall you bet $200 total, with $100 going towards the win portion of the bet and $100 going towards the place portion of the bet. If Messi won the scoring title outright then you would win both the win and place bets for a total payout of (275 + 143.75) = $418.75 (+$218.75). If Messi came 2nd through 4th you would lose the win portion of the bet, but win the place portion for a total payout of $143.75 (-$56.25). Then of course if Messi doesn’t finish in the top 4 at all you would lose your $200 bet.

Where Can Each-Way Bets Be Found

Each-way bets will be offered on any events where competitors finish in places. Some examples include horse racing, greyhounds, motor sports, golf, tennis tournaments (would typically be a 1-2 each way so the player would have to make the finals to payout on the place bet), and anything else where competitors are ranked.

Each-way Bet Tips

The main tip I can give you is to understand what you are betting on. Make sure you know how many places pay out and what the odds are for the place portion of the bet. As long as you have all of the information you can make an educated decision about whether or not you want to place the each-way bet.

Each way betting is usually done on horse racing. An each way bet means you can bet on a horse to win or to finish in one of the first few places (usually up to 4) which means that you have a better chance of winning some money. This guide will show you how to combine each way betting and matched betting to unlock even more value from bookmaker offers.

While people who actively match bet often prefer the traditional process, the each way bet shouldn’t be forgotten about. But what does each way mean in betting? With this guide, you can feel more confident in going each way when matched betting.

What does each way mean?

What Does +100 Mean In Betting

In regular betting, ‘each way’ is designed to give you a greater chance of winning, but with the bookmaker paying out a lesser amount.

For example, when you place a bet to win, you’re putting all your money on exactly that: a win. With an each way bet, bookmakers will typically pay out to the first 2, 3, or even 4 places, meaning that you don’t have to predict the winner, you can simply try to predict a high finisher.

However, when you bet each way, the odds are reduced. For example, if a horse you’re betting each way on comes in second, the odds will be lessened, meaning the bookmaker will pay out less. The amount that it’s lessened depends on the bookmaker, the market, and the race itself. Sometimes you’ll see 1/4 odds offered for a second or third place finish, while other times you might only get 1/5 odds.

The markets that are ideal candidates for each way betting are horse racing and golf. Essentially, you should be able to place an each way bet on a sport or event where there is a whole field of entrants, rather than football for example, where there are only two teams competing.

How do you place an each way bet?

What Does Each Way Mean In Tennis Betting Results

Naturally, placing an each way bet can slightly differ between bookmakers’ websites. However, it’s usually done in the same way as a win bet.

On the bookmaker’s site, find the market you’d like to bet on and create a betting slip like you normally would. Often, there is a box to tick if you’d like to change it from being a win bet to an each way bet.

Your betting slip will also show you the number of places the bookmaker is willing to pay out to. For example, in motorsport, bookmakers will often only pay out to the first two places, whereas in horse racing events like the Grand National, it stretches to the first four places.

How is an each way bet paid?

If you place an each way bet and your horse wins, both the win and place parts of your bet will pay out. However, if your horse only places and doesn’t win, you’ll lose the win part of your bet, and only the place part of your bet will pay out.

The odds for the place part will be a fraction of your win bet and are shown when placing your bet.

For example, if you had a £10 each way bet on a horse with odds of 20/1 (21.0) and it finishes third and the bookmaker are paying 1/4 odds your place odds are 20 divided by 4, 5/1 (6.0). So your return would be £60 and your profit would be £40.

How does each way betting work in matched betting?

Because an each way bet is comprised of two bets – a win bet and a place bet – we need to lay both of these when matched betting.

Laying the win is the same as any normal matched bet, but for the place, we need to work out the odds the bookmaker is paying on the place and then find the place market at the exchange for this bet. We can then calculate our lay stake.

Now, no matter where our horse finishes with the right circumstances we’ll make a profit.

For example, we back our horse £10 each way, with odds of 8/1 (9.0), and place terms of 1/4 1-2-3, which means if it finishes in the top 3 we’ll get odds of 8/4 or 2/1 (3.0).

Now on the exchange we can lay £47.62 on the win at 9.5 and the £69.77 on the place at 2.2.

What Does Mean In Betting 110

Wherever our horse finishes, we make £11.51

What Does Each Way Mean In Tennis Betting Against

Those are the basics of understanding each way betting and applying it to matched bets. Once you’ve mastered what’s here, consider upping your strategy even further with the Each Way Matcher software. It’s designed to browse thousands of odds for you to make picking your each way bets much easier.

What Does Each Way Mean In Tennis Betting Terms

For more information on each way betting and our Each Way Matcher, give this article a read.