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If your horse was to come second or third then the win part of your bet would be a loser. Most punters choose to place these bets on slightly longer odds. Here are some examples of when you might place an each-way bet, rather than a straight win bet. The horse you have selected is an outsider that you may not think will win the race, but might just sneak a place. You are betting on more than one horse in the race. You will be due to make a loss if your horse fails to win the race.
But there is also great value in placing these kinds of bets on other sports, too — golf in particular. During golf tournaments, there are often some great players and really good prices. This is thanks largely to the sheer number of players that participate. During the major tournaments, such as the Masters and the US Open, bookmakers often have special offers and will often pay up to 10 places.
So keep an eye out for these golf betting opportunities. Yes, you can put on an each-way bet on an accumulator. You will have one multiple for all the winning bets to come in, then another multiple for all the place bets to come in. This makes these kinds of bets quite difficult to win, but the winnings are likely to be big. However, if you feel like you need a little more help, why not have a go at using an easy to understand bet calculator. It can help you work out possible returns on your bets and give you some further examples.
It has happened to all of us at one time or another, and there is only one way to ensure that when you lose by those tight margins, you are still a winner. That is by placing an each-way bet on your selection. An each-way bet is a bet that consist of two halves — a bet on the selection to win, and a bet on the selection to place. So it would cost twice as much as a win bet, or you adjust your stakes accordingly. So if your player wins, you have two winnings bets — the win bet and also the place bet.
If your player finishes in the places as defined by the bookmaker , you have a losing win bet, but a winning place bet. It is worth noting how many places a bookmaker will pay for a race or an event. For example, most golf tournaments pay the first five places when it comes to an each-way bet.
So if you backed Phil Mickelson to win the US Open and he finishes fourth, your place bet would be a winner.
Betting each way increases your chances of making a return, however your stake is higher. 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. Place Terms and When to Back Each-Way Betting expert Simon Rowlands explains the maths behind each-way betting advantage, and how to play smarter by using place terms in your favour. There can be few aspects of betting that are more misunderstood than each-way. Some could not do without it, while others are dismissive of it, seeing it as an admission of betting weakness.
The inference may be that they do not really fancy the horse to win and that an each-way recommendation is a fudge. However, there are circumstances in which each-way betting is eminently sensible, including to do with the nature of the horse or the race itself, and there are times when it makes perfect mathematical sense. It is also the reason why place-only betting is not allowed, unless it is in a dedicated place market.
Otherwise, it would sometimes be possible to back every outcome to guarantee a profit. When does this occur? Well, it depends. The each-way over-round will be the average of those two. Both will depend not only on the type of race and number of places on offer but the distribution of odds, such as whether or not they are being skewed by a short-priced favourite.
As a guide, though, we can look at the reality of what actually occurs, such as in all Flat races in Britain in By contrast, it is seldom a good policy to back each-way rather than win only in plus non-handicaps or in 5- to 7-runner handicaps. However, it should be remembered that an each-way bet is a win bet plus a place bet, so bad value with the former may more than offset better value with the latter.