When you bet each way, you have two bets; one for the horse to finish first, and a second bet for the horse to finish in the top four or five (varies according to by race). The winnings for the latter bet are calculated by applying the fraction (usually 1/4) to the original odds available.

## How is each way win calculated?

Understand that if your horse wins, you are entitled to winnings on both halves of the betting stake. The equation reads: **(Bet x Odds) + (Bet x 1/4 of Odds) + 1/2 Stake + 1/2 Stake = Each Way** Winnings In this equation, the bet is the amount of money you placed on the racer.

## How much do you win on each way bet?

Bet £**5 each way** on a horse with win odds of 5/1 (total stake £10). If it places you lose your £5 win bet, but the place part of your each-way bet pays out at a fifth of 5/1, which is evens (1/1). This means you get back the £5 stake from the place part of your bet plus £5 winnings (£10).

## What does 1/5 each way mean?

Each Way Terms with a Non Runner – 3 places at 1/5 odds

**Lovely**! … This means you will be paid only for the place part of your bet at 1/5 of your odds. If you placed your bet from 8am, 1st March, you will also receive the win part of your stake (half of your stake) back as a free bet within a few minutes.

## Can you lose money on an each way bet?

Multiple **bets** are a prime example of where you can lose money on a winning bet, while it’s also possible to lose money on an each-way bet. Dead-heat rules and Rule-4 deductions can also make a winning bet into a loser.

## Is an each way bet worth it?

Each way matched betting is a **profitable strategy to create value** out of horse racing bets. Betting each way on horses gives us an advantage because bookmakers don’t set the place odds according to probability. They are simply always tied to the win odds (a 1/4 or 1/5 fraction of the win price).

## How many places is each-way?

Any race with less than five runners will be win only, whereby no bets can be placed on a horse each-way. If there are five, six or seven runners in a race, then there are **two places** available, meaning there is a payout if backed each-way on horses who finish first or second, at 1/4 of the odds.

## What does win each-way?

An each-way bet is a wager offered by bookmakers consisting of two separate bets: **a win bet and a place bet**. For the win part of the bet to give a return, the selection must win, or finish first, in the event.

## How do odds work?

The odds for favorites are accompanied by a minus (-) sign, indicating the amount you need to stake to win $100. Meanwhile, the odds for underdogs are accompanied by a positive (+) sign, indicating the amount won for every $100 staked. In both cases, you get your initial wager back, in addition to the amount won.

## What does 20 to 1 odds pay?

For example, 6-5 means you will get $6 in profit for every $5 you wager, while 20-1 means you get **$20 in profit for every $1 you wager**. In the latter example, a bet of $2 means you would get $42 back for a winning wager.

## What is a bad each way bet?

Bookmakers are bound to the standard place terms (above) and in races, under certain circumstances, they can offer the punter an opportunity to bet on positive ‘place’ terms where **the odds of a horse placing in a race are greater than the actual chance of this happening** – this would be a bad each way bet.

## How are bet payouts calculated?

**Calculating the Payouts for the Win Place Show Bets**

- From that odds ratio, you take the first number and multiply it by 2 (remember, if the odds is a whole number, place that over a 1 – for example, 7 would be 7/1)
- You take that number and divide it by the second number of the odds ratio.