Each way betting is something of which many novice punters are unaware. However, using each way bets can
be a great way to keep your wager from being a total loss. It is a relatively straightforward hedge, although
it isn’t available for all sports.
What does each way mean in betting?
An each way bet is quite a bonus because it allows you to bet on two separate outcomes at the same
time. This can be a great way to minimize your risk of a loss and keep your own interest in the match up even
if your favourite stumbles. You’ll be quite pleased at the added thrill.
Each way bets are clearly marked, most usually with an E/W. It is possible to convert standard bets into
each way bets, but you will want to let the bookmaker know upfront (online or offline) that you will be
betting each way. This will ensure you get the proper bill and proper credit.
Essentially, when betting each way, you are betting for a win or a place showing. Obviously, this means
that each way betting is not used in sports like boxing, where there isn’t a second and third place,
just winners and losers. Each way betting is popular in tournaments, horse racing, and greyhound racing.
When you place your bet, you will be paying twice the rate because you are making two bets in one. Thus,
an £5 bet to win that you convert to an each way will cost you £10 to wager. The win and the show will also have
differing odds, so check both of them out as you lay your bet to be sure you understand the potential
payoffs or downsides with each bet.
Sometimes, bookmakers will mix it up by designating which places will count for the show on your each way
bet. This is a great way to earn long odds, but it does raise your risk level so if you are using
each way bets to cut your losses you will not want to take this path. Stick to a win or any show bets
instead.
Though not as well know as some of the other styles of betting, each way betting does offer advantages to
punters. You may find that it is just the thing you’ve been after to keep yourself interested in tournaments
where your team may be a long shot to win but a good bet to show. It can also help you ensure that you are
limiting your loss potential if you have a strong favourite.
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