You may have heard the term each-way or each-way betting used by gamblers and wondered what it was. Many types of bets and markets are self-explanatory with the clue in the name, but that’s not the case with this option.
It’s a great way to bet on events with big fields like horse racing and golf, and it can increase your chances of making a profit on your wagers.
Each-way betting explained
- Each-way betting is two separate bets, so when making an each-way bet, you must multiply your stake by two.For example, if you are placing a £10 each-way bet on a horse in a race with odds of 10/1, your stake would be £20.
- Why is it double? Because you are covering two different bets.One £10 goes on the horse to win the race at the odds, and the second £10 goes on the horse to place in the race.
- This could be first, second or third or fourth, depending on how many runners are taking part.In big races like the Grand National at Aintree, William Hill will pay out on the first five finishers but may also extend that to six for the purposes of a promotion.
Before placing an each-way bet, you will want to know the each-way terms.
This is the fraction of the odds you will be paid if your horse fails to win the race but does bank a place. Most major races shown live on TV have pace terms of ¼ the odds a place 1-2-3. Let’s take a look at another example.
- Cisco Disco – 3.10 Galway @ 20/1
- £1 each-way
- Stake £2
You have placed an each-way bet on Cisco Disco at odds of 20/1, which means you have placed two bets on the horse. The best possible result for you would be Cisco Disco winning the race, although if it places second or third, you will still see a return.
If Cisco Disco was to win the race at odds of 20/1, you will be paid out as a winner twice, once for the win part of the bet and again for the place part. The win part would be £1 at 20/1 pays £20, then the place part would be £1 at ¼ of 20/1, which is 5/1 so £5. Your total stake would be £2, and your total returns would be £27, the £25 plus your £2 stake back.
If the horse didn’t win but finished second or third, you’d lose the win portion of the bet but land the each-way section. That means you’ll stake £2 and return £6 for a £4 profit.
Other sports where each-way bets are popular include outright greyhound events, winner of a Major in the golf or the outright of a football championship such as the World Cup. Regardless of the sport and selection, you are betting on the rules of each-way betting are the same across the board at William Hill.
How to place an Each-way bet on horse racing at William Hill
It’s quick and easy to place an each-way bet on horse racing at William Hill, and you can make this type of gamble on any race with more than three runners. Follow the steps below.
- Click the horse racing tab, then the meeting and race
- Click the odds of the horse you want to back to add it to your bet slip
- Input your desired stake into the race win field, then tick the each-way box
- Check you are happy with the total stake due and the potential winnings
- Confirm your each-way bet, and it will be live