The latter is paid out as a percentage of the odds taken when the bet is confirmed. You have a straight win bet and then a place bet. It means that you’ve got a greater chance of winning as your pick might not win outright, but still provide a payout if it finishes within the top designated places. The concept is that you’re betting on your selection to win and for it to finish within a certain number of places. It’s designed to give you multiple chances of winning on a selection, with the place being paid at reduced odds. What is an Each Way Bet?Īn each way bet is a single bet that is split into two markets. It’s mostly used within horse racing but can be applied to a range of sports, which we will cover in this article.Īlso, within the article we will cover things like how each way betting works, how payouts are formulated, the best betting sites for each way betting, betting strategy, and when best to take advantage of this bet type. Each way betting allows you to place to two bets within a single wager, covering both the win and place.
