Each Way Betting ExplainedEach 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.
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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