Each-way means you are betting on two things. The first is that the horse will win. The ‘Win’ part of your bet is on your horse to finish first, and the ‘Place’ part is on your horse to finish either first or in one of the places, e.g. 2nd, 3rd, 4th (5th or 6th with selected bookmakers).
Each way betting (EW or E/W) is a popular form of betting, usually done on horse racing. It can be used by bettors as a form of insurance should their chosen horse/horses narrowly fail to win. The place part of the bet effectively increases their chance of making a return, even if it’s not the full amount a win would have brought.
What is Each Way betting? Usually only offered in racing and ‘outright’ market contexts, an Each Way bet allows the customer to stake money on both their selection winning and finishing in one of the pre-set place positions (second, third etc.). Why bet Each Way? Each Way betting gives you a return even if your horse doesn’t win.
The second part is the defining ‘each way’ aspect, where you are getting a return for a horse that finishes anywhere up to 5th place. Simply put, if you're backing an each-way bet in horse racing, your bet is placed into the parts: the 'win' and the 'place'.
An Each Way (EW, E/W) bet is essentially two separate bets: one for the horse to win, the other for the horse to place in any of the place positions offered in that race. This means you can receive a return on your bet if your selection wins, but also if it just places.
What does each way mean? Each way is a term used to describe a type of bet that is split into two parts: a win bet and a place bet. Both bets are of equal value, so a £5 each-way bet will be split into a £2.50 win bet and a £2.50 place bet. The win part of the bet is placed on a horse, for example, to win its race, while the place part of the bet is placed on the horse to place.
An each-way bet consists of two bets of equal cost, a win bet on your selection to win an event and a place bet on it to finish within a certain number of places specified by the bookmaker...
Each-way betting is closely linked with horse racing, but you can make an each-way bet on any event bookmakers offer, from golf to football and even reality TV. An each-way bet means you will be placing two bets of equal cost. The first will be a winning bet on your selection to win the event, and the second will be a place bet on it to finish ...