What does each-way mean?

Types of Bets

Betting each-way can often be a sensible thing to do, especially when there are many runners in a horse race or football teams in a competition. An event like the Grand National is where a lot of online betting customers choose to bet each-way so that they get a return on their bet if the selected horse finishes in the top four or five – even if it doesn’t win.

Placing £10 each-way on a horse would mean a total stake of £20. That’s because you are placing £10 on the horse to win and £10 on the horse to place. Naturally, it’s possible that you will win both bets (if the horse won), although the insurance is there if the horse finishes ‘in the frame’ but doesn’t win the race. The each-way returns you get back depend on the bookmaker, although they are always stated next to the market.