What Does Win and Each Way Mean?
A win-and-each-way bet is a common bet in gambling. It is popular in motorsports, greyhound racing, and other sports betting where you predict a winner from many participants.
An each-way bet, also written as E/W, is a betting strategy that allows you to expand your potential return on a wager. This allows you to cover the possibility of more outcomes from an event such as a horse race.
Punters of all types regularly use the win and each-way bet to ensure they receive a return. Let's explore the win and each-way bet further and learn how to use it.
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What is Win and Each Way?
When you place an each-way bet, you essentially make two bets at an equal price. The first bet is a winning bet on your selection. In this case, you are wagering on your selection to win the event outright.
For example, if you bet on winning each way in a horse race, you are betting on a specific horse to win the event. This is the first portion of the bet or the win bet.
The second bet is the each-way bet. For this, you are wagering on the same selection to place, which depends on the number of runners in the event. For example, the Grand National has a large field of horses, and bookies pay out up to sixth place. Sportsbooks vary on places they pay up to in each-way bets, so read the terms and conditions of the betting site beforehand.
What Happens When You Bet Win and Each Way?
Since you are making two separate bets on one selection, your stake will be double. For example, if you wager £5 to win and each way on a horse, the bet will require a total stake of £10 (£5 to win and £5 to place).
Each-way bets work well when there is a large field of entrants, such as in a race or individual sport like golf. You can wager on a participant to win the event or place in a specific place.
Horse racing, motorsports, and greyhounds are popular markets for win-and-each-way betting. However, this bet type can also be used in other sports. Golf tournaments are perfect for win-and-each-way betting, and you can even use it to bet on the outright winner of a football tournament, such as the World Cup.
How Many Places Pay on Win and Each Way?
The number of places paid depends on some different factors. For one, sportsbooks may offer more places for specific events or as a special promotion.
The event's participants often determine the number of paid places. For example, horse races with small fields may only pay out two places. Horse racing events with large fields, such as the Grand National, will pay out several places.
Some sportsbooks offer up to two separate bets on five places for the Grand National, while others offer up to six places. Just remember that the bet stake doubles when you make an each-way bet. Despite the increase in stake price, you will like having the insurance of receiving part of your bet back.
What are Each Way Terms?
Bets are paid differently according to race and sportsbook. Typical terms for an each-way bet are as follows:
1-4 runners: No each way places
5-7 runners: 2 each way places
8 or more runners: 3 each way places
16 or more runners: 4 each way places
Sportsbooks typically offer fewer each-way places on daily races. For major events such as the Grand National or Cheltenham Gold Cup, sportsbooks will offer enhanced each-way bet places.
If you place an each-way bet, you typically receive 1/5 the odds paid for the places. For example, if you place an each-way bet on a race with up to three finish places at 1/5 odds and your horse finishes third, you will win the bet. Your payout will be 1/5 the odds you paid on the horse at the start of the race to win the event.
One of the great things about the win and each-way bet is that if the horse comes first, you will receive two payouts, one for the win and the other for the place bet. If the horse finishes the race in second or third place, you will receive the payout for the two-place bets portion of the wager.
How do you Work out Win and Each Way Winnings?
You want your each-way bet to at least cover your initial stake of £5. The sportsbook and the number of participants in the event determine the number of places that payout.
Here is how to calculate your winnings:
5 to 7 runners – 1/4 Odds – 1st and 2nd place only
What is the Difference Between Win and Each Way and Win?
If you simply bet on a horse to win an event, you need the horse to finish first. The bet is a loser if the horse fails or your selection doesn't win the race. A win-and-each-way bet offers insurance on the wager, allowing you to receive a payout if the horse finishes in specific places.
What is the Difference Between Win and Each Way and Place?
A place bet backs a horse to finish in the top two, three, or four, depending on the number of runners in the event. You are not necessarily betting on the horse to win the race or place.
Can you Bet Just Each Way?
If you want to bet on your selection to finish second, third, or fourth, you should bet for the horse to place. If you think the horse can still win outright but want some insurance on the wager, then a win and each-way bet is the best way forward. Some bookies will simply call the bet an 'each-way bet'.
Is Win and Each Way a Popular Bet?
Win-and-way betting is very popular and is used by punters worldwide. It ensures you receive a decent payout even if your selection doesn't win.
Can you Bet Win and Wach Way on Accumulators?
Sportsbooks allow you to combine win and each-way bets into accumulators, which combine the odds into one large price to wager on.
Types of Multiple Bets for Win and Each Way
Along with accumulators, you can wager on horse racing and other events using multiple bets. Some popular horse racing multiple bets using the win and place terms each way are 'Win to Win, Place to Place' and 'Each-Way All Each-Way'.
Can You Bet on Distance Won?
Distance is a betting market, and some sportsbooks offer horse racing betting. If you bet on the total winning distance, you can select the official distance between the horse that comes first and the horse that finishes second.
When selecting the distance, you can choose whether the distance will be above, below, or between the quoted distances the bookie offers.
Can You Bet on Jockeys?
Leading sportsbooks offer a variety of jockey markets. Explore your favourite sportsbook to find the markets that appeal to you. Markets include a Win, Place Accumulator, and more.
Can you Bet Win and Each Way in Other Sports?
Win and each way: Leading sportsbooks offer markets in various sports, including golf, tennis, rugby, football, and more. The market is available before betting on a tournament or league starts.
For example, punters can choose between the FIFA World Cup win and the each-way market. However, leading bookies only offer the top two places for the E/W market.
Do All Bookmakers Offer Win and Each Way as an Option?
Not all bookmakers are the same. Therefore, bookies may offer different options on win and each way for big races or sporting events. Some bookmakers will provide enhanced places to increase betting for big races. In addition, it may depend on how many runners are competing in the event.
Win and Each Way Tips and Strategies
How do you Read Horse Racing Form?
The racing form is arranged chronologically from left (oldest) to right (newest).
Declared vs Ante Post
An ante-post wager is placed before the runners are confirmed for the race at the final declaration stage. If the horse doesn't run, your stake is lost. The odds and risk of betting on the horse to win are higher.
What is Ante Post Betting?
Ante-post betting involves wagering on a horse before the event starts. This type of betting takes place further in advance of the event.
Do You Get Better Odds on Ante Post?
Ante-post betting offers higher odds, but you will lose your stake if your selection doesn't run. The risk is also higher for ante-post betting.
What is BOG?
BOG stands for Best Odds Guaranteed, an excellent horse racing concession in which you can take an early price on a specific horse. Depending on which one is larger, you will either receive a payout at these odds or the starting price.
Summary
A win-and-each-way bet is a great way to provide yourself with insurance on a wager. If your horse wins, you receive the payout for the win portion of the win part of the bet as well as the payout for the place part of the bet.
If your selection merely places, you will also receive a payout, which can cover your stake. Win-and-each-way betting is popular and often used in racing. It is a great way to earn a payout, but you must double your stake.