Betting odds explained each way bet

You will note the reference to handicap and non-handicap races above. In handicap races horses are allotted specific weights to carry based on previous performances, with the best horses carrying heavier loads in order to encourage closer finishes. Famous races such as the Grand National and the Melbourne Cup are handicaps and many bettors place each-way bets on those races, given the high number of runners and unpredictability involved.

Always keep an eye out for late non-runners as this can alter the odds at the last minute. There are 10 runners in the race and the each-way bet terms offer one fifth of the win odds for a place. Of course though, the risk is greater there. You reduced your losses but are still out of pocket. Enough to pay for a decent celebration! When you are looking up who to back each-way, check out reliable football stats websites such as Infogol for essential tips and extensive information on every team.

Plus, don't forget to check out our bet calculator , where you can calculate your winnings. How Does Each Way Work? Once you have chosen your selection for a race, check its current odds and consider whether the price is big enough to warrant an each-way bet. For example, if the odds are and you believe your selection has a good chance of finishing in the places, then an each way bet is a good option. If your horse wins, your return includes the win and place part of the bet.

How to Place an Each Way Bet? Locate the race meeting and the name of your horse. Click on the odds box next to the name of the horse.

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It is the first thing you pick in an each-way horse bet. It is usually on the 1st, 2nd, or 3rd, but it can be different. How to Calculate Each-Way Bets? The good news is that all real money bookies do this automatically, so no need for a calculator.

Many of them offer a special each-way accumulator, which is great for punters who are deeply invested in this exciting double bet. You will win the full bet if your horse wins the race. In that case, it won the race and placed first, so both parts of the bet paid. Only the place bet wins when a horse finishes on the second or third spot. If it ends outside of the predetermined places, you lose your bet.

While it may look confusing at first glance, this is an effortless way to bet and get a solid payout if both bet parts win. Advantages of Each-Way Betting Each-way betting can be lucrative in some combinations and not worthwhile in others. For example, it can be very profitable if you believe a horse will win the race.

If you get great each-way odds on both parts, this is a bet that promises a lot of potential and great winnings. Disadvantages of Each-Way Betting The most obvious disadvantage of this double bet is the double wager. There are few football match markets that lend themselves well to each way betting the first goalscorer market is a rare exception. That is the same for single events in other sports such as tennis or match bets in golf.

Outright football markets are very well suited to each way bets. Take the FA Cup as an example. The best bookmakers will offer you half the odds and pay out to two places on the FA Cup outright. Golf outright markets are similarly well matched to each way bets.

Not only are there regularly over competitors, almost every week there are players who manage a top five finish despite going off at big odds. Golf tournaments are also often decided by a single shot late on. If the player you back bogeys the last to finish second, an each way bets gives you that insurance to soften the blow.

Horse Racing — As we touched on above, the Grand National is an event that is almost perfectly suited to each way betting. With around 40 horses in the field and an incredibly demanding course to go around, the Grand National is a very difficult race to call. Horse racing and each way betting go hand in hand.