The outright winner market in Euro 2016 betting is likely going to have a great deal of appeal running on it for punters. This is the market which everyone wants to come up trumps in, especially with wagers placed before kick off. Perhaps the stats have been scoured over, history has been studied, current form and injuries have been weighed up and you have placed your bet on the winner of Euro 2016 before the big start on June 10th. Then it’s a matter of waiting, hoping and hopefully being able to celebrate your powers of prediction in front of your friends after the final on July 10th.
There are big prices on the outright winner market in Euro 2016 betting and that means a lot of punters will fancy just going all in. After all, hey, who wouldn’t fancy the returns from just a £10 bet on England at 8/1? That would be a nice return but how risky is that? The probability, according to those odds, of England winning Euro 2016 is just a around the 11% mark. So not high and therefore throwing a large stake at an England success could be a risky thing to do. Would you be better off throwing half of the stake at them and half at another team, say reigning World Champions Germany at 10/3?
That would return a £16 profit if Germany won, or a £40 profit if England won the tournament. But what if you really have a strong hunch on those England Euro 2016 odds to come up? What if you really want to back the Three Lions to claim ultimate success in the tournament? Well the way to then approach your betting would be to take an each way bet at Euro 2016, not just on England of course, but whichever team you were backing.
Why the Each way bet at Euro 2016?
So sticking with the England Euro 2016 odds at 8/1. What if you were to use that £10 stake and split it on an each way bet. If you did you would be looking at essentially placing two 5 stakes on England’s success in the touranment, one on England to win and one on them to place. This is all rolled into one bet that you place, but that is what an Each way bet at Euro 2016 will give you, the coverage if England get close but not close enough at the end of the day.
The first thing to check is, what the each way terms are on Euro 2016 betting. They are 1/2 odds on 2 places. That means that if England were to finish as runners up, you would get paid out at 1/2 odds from the £5 stake portion that went on the place market. So it offers you a little return if England were to lose the final. Let’s break it down.
England £5 each way bet to win Euro 2016
Outlay £10
Result England win: £70 return, £60 profit
Result England lose: £25 return, £15 profit
So this is about balancing risk and reward. France and Germany are Euro 2016 joint favourites at a price of 10/3 and therefore you obviously aren’t going to have such big margins if you backed one of them each way and they lost the final. You would only get £3 in profit back, but still, that’s better than losing out completely. It’s taking a little bit of insurance on your outright bet. Naturally if you are backing someone like Portugal at 20/1 there is less chance of them winning the title outright, but you would get a hefty 45 worth of profit if they finished as runners up. So it’s just about getting the balance right, but if the price is good enough (not worth it on a wager under 2/1 odds) then taking the Euro 2016 each way betting approach can cover your outright bet.
Place Terms
You are looking at just the two places then for the Euro 2016 each way betting. If this was a horse race you would be looking at four places or potentially more. So what a Euro 2016 Each Way bet really is, is backing a team just to make it to the Final. That’s one less game than actually winning it, so in a way you are increasing your chances of getting something back from your Euro 2016 outright winner selection.
Euro 2016 Outright Winner Odds
France 10/3, Germany 10/3, Spain 11/2, England 17/2, Belgium 11/1, Italy 10, Portugal 20/1, Croatia 33/1, Austria 40/1, Poland 50/1, bar 66/1
Other Euro 2016 Each Way Bet Markets
Of course now you aren’t just limited to the outright market in Euro 2016 betting. The above is just an example of how each way bets at Euro 2016 will work for you. But the same principle can be applied to other markets as well, such as the Euro 2016 Top Goalscorer market. There you will see the 1/4 odds on four places in that market. So that is paying you out a quarter odds on your selected player finishing as one of the top four goalscorers at the tournament.
There are even bigger and perhaps more tempting prices in the Euro 2016 Golden Boot market than there are in the outright winner market. For example, joint favourites Cristiano Ronaldo and Thomas Muller are 8/1 quotes to land the top prize and if you break that down into the each way portion you would get a £5 profit from a £5 each way bet if Muller was one of the top four goal scorers at the tournament. Given his record, that’s superb value.
| TOP 5 Bookmakers | ||
|---|---|---|
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Bet365 | £200 bonus |
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William Hill | £20 free bet |
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Ladbrokes | £50 free bet |
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Paddy Power | £30 free bet |
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Betvictor | £25 free bet |
With the likes of Harry Kane at 16/1 and Robert Lewandowski at 14/1 there is a tremendous amount of Euro 2016 each way bet value in that Top Goalscorer market. So don’t approach your Euro 2016 betting thinking that there aren’t ways to cover yourself, because each way betting has some big advantages under the right circumstances. Once you have placed a selection at your online bookmaker, just select the each way option and remember that whatever stake you have set, it would be doubled when you active the each way option.
