Each-Way Bets Explained and How to Use Them

 The understanding of each-way bet to save money

Before you try to make an each-way bet it is important that you fully understand what they are, to avoid losing money unnecessarily. When an each-way bet is made, you are effectively making more than one bet with the same stake. Just like a traditional bet, you will be placing your money on your selected winner. However, the bet will also cover for example, the horse, team or player to finish in second, third or fourth. The amount of placings that are available for each-way betting will be determined by the market rules.

Each-way betting can offer you some comfort and it can be used to your advantage. Certain sports can be difficult to predict the winner, especially in golf, where a bad shot can ruin the round, or when horses are running short flat races with a large number of runners. Using each-way betting can reduce your risk and exposure to your favoured choice and increase the chance of getting a return. Let us assume a golfer you have picked to win the Open Championship is winning going into the final round but makes a mistake and finishes the competition third overall. An each-way bet may mean you can still get a win from your stake albeit at a lower return.

By making your bet each-way, your odds will not be as great as when making the traditional winning bet. Expect your placed bet to payout around a third to a fifth of the winning odds. With the increased chances of winning, make sure you are careful when placing your stake because there are two chances of winning. For example, if you bet is $5 on a golfer to win a tournament, the total stake will be $10. Therefore, betting $2.50 on the winner will make your total bet $5.

We can make up an example from the US Open Championship golf tournament this year. Let us assume you want to bet on Scottie Scheffler to win the tournament at a price of 10/1 but decide to make an each-way bet. We can also assume a top six finish will payout and the each-way terms are 1/5 of the odds.

If you placed a $5 each-way bet it will mean a total stake of $10, with $5 on the win and $5 on the place. Let us assume Scottie Scheffler finishes placed so you will win a fifth of the 10/1 odds, meaning a $10 win plus the return of the $5 place stake. However, if Scottie Scheffler wins the tournament, you will win both the win bet and placed bet meaning a total return of $70.

If you placed a straight $5 bet on Scottie Scheffler to win, your profit would be $50 plus the $5 stake. If Scottie Scheffler does not win you lose the bet.

Some sports are suited to each-way betting more than others are. For example, you can use each-way betting in horseracing, football and golf. Tennis or match bets in golf are examples of sports that are not suited to each-way bets.

In golf, just like the example above, betting each-way on competitors is a great way to utilise this form of placing a wager. Competitions often have a large number of players and it is hugely difficult for them to win tournaments week after week. However, you can consider looking at the in-form players and their ability to finish high up the leader board regularly. Just one bad shot can ruin a golfer’s chance of winning; however, an each-way bet can provide some comfort that they can still finish placed helping you to make a profit.

We have also mentioned horseracing as a great way to place an each-way bet. For example, the Epsom Derby is a mile and a half flat sprint race and in 2022, seventeen runners participated. It is a difficult race to be able to determine the winner and with an each-way bet, it can provide you with some insurance that you will get a return from your stake. Horseracing is probably the sport where each-way betting is used the most.

You can also use each-way bets in football. In the Champions League, you can place an each-way bet on a team to make it to the final of the competition. You can often get half odds and an each-way bet can payout if you chose a team that qualifies for the final of the tournament.

Each-way betting really is fun and can make a sporting event much more interesting with the increased chance of getting a win from your bet.

Before you try to make an each-way bet it is important that you fully understand what they are, to avoid losing money unnecessarily. When an each-way bet is made, you are effectively making more than one bet with the same stake. Just like a traditional bet, you will be placing your money on your selected winner. However, the bet will also cover for example, the horse, team or player to finish in second, third or fourth. The amount of placings that are available for each-way betting will be determined by the market rules.

Each-way betting can offer you some comfort and it can be used to your advantage. Certain sports can be difficult to predict the winner, especially in golf, where a bad shot can ruin the round, or when horses are running short flat races with a large number of runners. Using each-way betting can reduce your risk and exposure to your favoured choice and increase the chance of getting a return. Let us assume a golfer you have picked to win the Open Championship is winning going into the final round but makes a mistake and finishes the competition third overall. An each-way bet may mean you can still get a win from your stake albeit at a lower return.

By making your bet each-way, your odds will not be as great as when making the traditional winning bet. Expect your placed bet to payout around a third to a fifth of the winning odds. With the increased chances of winning, make sure you are careful when placing your stake because there are two chances of winning. For example, if you bet is $5 on a golfer to win a tournament, the total stake will be $10. Therefore, betting $2.50 on the winner will make your total bet $5.

We can make up an example from the US Open Championship golf tournament this year. Let us assume you want to bet on Scottie Scheffler to win the tournament at a price of 10/1 but decide to make an each-way bet. We can also assume a top six finish will payout and the each-way terms are 1/5 of the odds.

If you placed a $5 each-way bet it will mean a total stake of $10, with $5 on the win and $5 on the place. Let us assume Scottie Scheffler finishes placed so you will win a fifth of the 10/1 odds, meaning a $10 win plus the return of the $5 place stake. However, if Scottie Scheffler wins the tournament, you will win both the win bet and placed bet meaning a total return of $70.

If you placed a straight $5 bet on Scottie Scheffler to win, your profit would be $50 plus the $5 stake. If Scottie Scheffler does not win you lose the bet.

Some sports are suited to each-way betting more than others are. For example, you can use each-way betting in horseracing, football and golf. Tennis or match bets in golf are examples of sports that are not suited to each-way bets.

In golf, just like the example above, betting each-way on competitors is a great way to utilise this form of placing a wager. Competitions often have a large number of players and it is hugely difficult for them to win tournaments week after week. However, you can consider looking at the in-form players and their ability to finish high up the leader board regularly. Just one bad shot can ruin a golfer’s chance of winning; however, an each-way bet can provide some comfort that they can still finish placed helping you to make a profit.

We have also mentioned horseracing as a great way to place an each-way bet. For example, the Epsom Derby is a mile and a half flat sprint race and in 2022, seventeen runners participated. It is a difficult race to be able to determine the winner and with an each-way bet, it can provide you with some insurance that you will get a return from your stake. Horseracing is probably the sport where each-way betting is used the most.

You can also use each-way bets in football. In the Champions League, you can place an each-way bet on a team to make it to the final of the competition. You can often get half odds and an each-way bet can payout if you chose a team that qualifies for the final of the tournament.

Each-way betting really is fun and can make a sporting event much more interesting with the increased chance of getting a win from your bet.