Each way betting is very straightforward and a term you are likely to have heard bandied around when it comes to horse racing terminology. Put simply, an each-way bet is made up of two bets - a win bet and a place bet.
A place usually refers to 2nd, 3rd and 4th, depending on how many horses are in the race and the terms of your chosen bookmaker.
Betting each way increases your chances of making a return, however your stake is higher.
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.
If you place an each-way bet and the horse wins you can calculate your return in the following way.
The number of places paid out is determined by the bookmaker. For example 1/2,1/3, 1/4, or 1/5 of the odds.
Make sure you check with the bookmaker what fraction of the odds they are paying as it differs between operators. Look out for Irish and UK Grand National extra place specials as bookies may add 7 places.
If you believe your selection in a race has a good chance of finishing in the places and the odds merit an each-way bet then it may be worth placing an each-way bet, for example if the odds are around 6-1 or higher. It is not worth placing an each way bet if the odds are short as returns are so low for the place part of the bet.
If you have more than one fancy in a number of races then you may want to place an each-way multiple bet. This means you will receive a payout if any of your horses are placed.
Below are a few options:
Read our guide pages below for more information on types of bets and betting terminology: