Want to discover how to work out each-way bets? You are in the right place.
An each-way bet is a popular type of wager in horse racing and other sports betting markets. It involves placing two separate bets: a “win” bet and a “place” bet. The win bet is placed on the selection to win the event, while the place bet is placed on the selection to finish in a specified number of places, such as second or third, depending on the number of participants. This article will guide you through the process of working out each-way bets, providing step-by-step instructions and examples.
How To Make Each Way Bets
Step 1: Determine the Stake
Start by deciding how much money you want to bet on the each-way wager. For example, let’s say you want to bet $10.
Step 2: Understand the Each-Way Terms
Each-way terms can vary depending on the number of participants in the race or event. Common terms include “1/4 odds, 1-2-3 places” or “1/5 odds, 1-2-3 places.” The fraction represents the portion of the win odds that will be paid out for the place bet. It’s crucial to understand these terms before placing your bet.
Step 3: Calculate the Win Bet
To calculate the potential win, multiply the stake by the win odds. For instance, if the win odds for your selection are 5/1, the win bet payout would be $10 x 5 = $50.
Step 4: Calculate the Place Bet Apply the each-way terms to calculate the potential place winnings. If the terms are 1/4 odds, 1-2-3 places, divide the stake by 4 and multiply it by the win odds. For example, ($10 / 4) x 5 = $12.50.
Step 5: Determine the Total Stake Add the win bet and the place bet together to find the total amount you will be betting. In this case, $10 + $12.50 = $22.50.
Step 6: Evaluate Potential Outcomes Consider the possible outcomes based on the event’s results:
- If your selection wins, both the win and place bets pay out.
- If your selection finishes in second or third place (according to the specified places), only the place bet pays out.
- If your selection finishes outside the top three, both the win and place bets lose.
Work out your potencial winnings with our each way bet calculator.
Remember to check the specific terms provided by the bookmaker or sportsbook for accurate calculations.
Each Way Betting Examples
- Football (Soccer)
Each-Way Terms: 1/3 odds, 1-2 places. Stake: $50. Win Bet: If you bet on a team to win the tournament with odds of 8/1 and they emerge as the champions, the win bet payout would be $50 x 8 = $400. Place Bet: If your team finishes as the runner-up, the place bet payout would be ($50 / 3) x 8 = $133.33 (rounded). Total Stake: $50 + $50/3 = $66.67 (rounded).
Possible Outcomes:
- If your team wins the tournament, both the win and place bets pay out. You would receive the win bet payout of $400, as well as the place bet payout of $133.33.
- If your team finishes as the runner-up, only the place bet pays out. You would receive the place bet payout of $133.33, but not the win bet payout.
- If your team finishes outside the top two places (third or lower), both the win and place bets lose. You would not receive any payout in this case.
- Horse Racing
Each-Way Terms: 1/4 odds, 1-2-3 places. Stake: $30. Win Bet: If your selection has odds of 5/1 and wins the race, the win bet payout would be $30 x 5 = $150. Place Bet: If your selection finishes second or third, the place bet payout would be ($30 / 4) x 5 = $37.50. Total Stake: $30 + $30/4 = $37.50.
Possible Outcomes:
- If your selection wins the race, both the win and place bets pay out.
- If your selection finishes second or third, only the place bet pays out.
- If your selection finishes outside the top three, both the win and place bets lose.
- Golf
Each-Way Terms: 1/5 odds, 1-2-3 places. Stake: $40. Win Bet: If your golfer has odds of 12/1 and wins the tournament, the win bet payout would be $40 x 12 = $480. Place Bet: If your golfer finishes in the top three, the place bet payout would be ($40 / 5) x 12 = $96. Total Stake: $40 + $40/5 = $48.
Possible Outcomes:
- If your golfer wins the tournament, both the win and place bets pay out.
- If your golfer finishes in the top three, only the place bet pays out.
- If your golfer finishes outside the top three, both the win and place bets lose.
- Tennis (Outright Tournament Winner)
Each-Way Terms: 1/3 odds, 1-2 places. Stake: $60. Win Bet: If your player has odds of 3/1 and wins the tournament, the win bet payout would be $60 x 3 = $180. Place Bet: If your player finishes as the runner-up, the place bet payout would be ($60 / 3) x 3 = $60. Total Stake: $60 + $60/3 = $80.
Possible Outcomes:
- If your player wins the tournament, both the win and place bets pay out.
- If your player finishes as the runner-up, only the place bet pays out.
- If your player finishes outside the top two places, both the win and place bets lose.
By considering these possible outcomes, you can better understand the potential results of your each-way bets in different sports.