UK term for betting on a team or individual to win and place. Bookies often do not offer PLACE only betting but will offer an EACH WAY bet so that half the bet goes on a win and half goes on the place terms. So, you could bet $10 EACH WAY on Liverpool at 17.00 (16/1) for the English Premier soccer league. The total stake is $20: $10 goes on Liverpool to win the division; $10 goes on them to PLACE, in other words to finish in the top three positions in the league. The odds for Liverpool to be placed are one-quarter the odds of them winning, or 5.00 (4/1). If Liverpool finish second or third, you lose the $10 win part of the bet but collect on the place part at odds of 5.00 (4/1), which returns $50. So, for a $20 investment you have a return of $50 - giving a profit of $30.
When you bet each way, you bet the same amount of money on the selection to win, at the stated odds, and on the selection getting a place (1st 2nd or 3rd). Thus, a '£1 each way' bet costs £2. The odds you get for the place bet is usually a quarter or a fifth of the odds on the win bet. So, if the horse wins, you get the win odds on the win bet and the place odds on the first place. If the horse comes second, say, you get only the return on the place part of the bet. Therefore a £10 each way bet on a horse at 10-1 would return 10x10 = 100 + the stake of 10 = 110 on the win bet, and 10/5=2-1 on the place, the latter being £30 (i.e. the winnings of 2x10 plus the stake of 10).
Have equal amount of money on the horse for a win and for a place.
A bet placed on any selection involving two bets, one to win and one to be placed (normally top 3 or 4 places, depending on the number of entrants). See Each Way Bet Calculator
A wager made on any selection involving two bets, to win and to be placed 1-2-3.
Two bets - one on the horse to win and one on it to be placed. The exact definition of 'placed' varies depending on the number of runners and the nature of the race: the first two in races of 5, 6 or 7 runners; the first three in races of 8 more runners, and the first four in handicaps of 16 or more runners. These stipulations can vary from one bookmaker to another, as can the fraction of the odds offered for the place - normally one quarter or one fifth depending on the race and the number of runners.
UK term for betting on a team or individual to win and/or 'Place'. The bet is automatically split into two, 50:50 and the odds for each bet are different. If your selection wins, the Place bet wins automatically. Therefore, you could win either both bets or Place only.
A type of bet where you can still win if your choices comes in 2nd/3rd/4th depending on the market. The bet is split into 2, half placed on a straight win and half on, say the next 4 places. This is popular in horse racing but is used in football, in some markets, eg. First goal scorer.
This is a common bet that allows the punter to place a stake of equal amounts on his selection either winning an event or being placed, usually in the top three or four dependent on the size of the field. The price for the placed aspect of the bet is usually 1/4 or 1/5 the odds for an outright win.
This bet combines a win and a place bet on the same runner.
Comprises two separate bets of equal value, one on a selection to win and the other for that selection to be placed in an event, commonly horse racing or golf. $1 each-way is bet as $1 to win and $1 for a place, total stake $2.
Combines a win and place on the same runner. If your selection wins, you collect the win and the place dividend. If it runs 2nd or 3rd, you collect the place dividend
A bet consisting of 2 separate bets: one win bet and one place bet (1st 2nd or 3rd). The bet is automatically splitted 50:50 into the bet to win and the bet to place.If your selecion wins then you also win the place bet. If the selection only places then the win part is lost and you get place only.
An each way bet is when you have the same amount on the horse for a win and for a place. Bookmakers will give you one quarter of the win odds for a place in fields of eight or more and one third of the win odds in fields of six or seven horses.
An Each Way bet is the collective bookmaker name for two bets covering one selection in which the first bet is for the selection to win, if the selection does not come first this part of the bet is lost. The second bet is for the selection to be "placed". A selection is placed if it comes within the top "X" number of places.