An each way double bet is a type of horse racing bet in which you back two horses to win and place in two separate races. It combines an each way bet and a double bet, so you can potentially win more if both horses win and place. This type of bet is popular among horse racing punters as it offers some protection if one of the horses doesn’t perform as expected.
How Does an Each Way Double Bet Work?
An each way double bet is very similar to a normal each way bet, but with two horses in two different races. When you place an each way double bet, you are essentially placing two separate bets, one on each horse.
The first part of the bet is the win bet, which is the same as a standard each way bet. You are betting on a horse to win the race, and if it does, you will be paid out according to the odds.
The second part of the bet is the place bet. You are betting on a horse to place in the race, and if it does, you will be paid out according to the place odds.
The two parts of the bet are combined, so that if both horses win and place, you can potentially win more than if you had placed two separate each way bets.
How Much Does an Each Way Double Bet Cost?
The cost of an each way double bet will depend on the stakes you are placing on each horse. If you are placing a £5 each way double bet, then you will be placing a £10 bet in total. This is because the £5 stake is split between the win and the place bets.
The cost of an each way double bet will also depend on the odds of the horses you are betting on. If the odds are shorter, then you will be paying less for the bet. If the odds are longer, then you will be paying more for the bet.
What Are the Payouts for an Each Way Double Bet?
The payouts for an each way double bet will depend on the odds of the horses you are betting on, and how the horses perform in the races.
If both horses win and place, then you will receive a payout according to the win and place odds of the horses. This can be a substantial amount if the odds are long.
If one of the horses wins but the other doesn’t place, then you will receive a payout according to the win odds of the horse that won. This can still be a substantial amount if the odds are long.
If one of the horses places but the other doesn’t win, then you will receive a payout according to the place odds of the horse that placed. This can still be a substantial amount if the odds are long.
How to Place an Each Way Double Bet
Placing an each way double bet is very similar to placing a normal each way bet. You will need to select two horses from two different races, and then place your bets.
Step 1: Choose Your Horses
The first step is to choose two horses from two different races. You should consider the form of the horses and the odds when selecting your horses.
Step 2: Place Your Bets
The next step is to place your bets. You will need to select the bet type ‘each way double’, and then enter the stake for each horse. The stake will be split between the win and place bets.
Step 3: Monitor the Races
The final step is to monitor the races and see how your horses perform. If both horses win and place, then you will receive a payout according to the win and place odds of the horses. If one of the horses wins but the other doesn’t place, then you will receive a payout according to the win odds of the horse that won. If one of the horses places but the other doesn’t win, then you will receive a payout according to the place odds of the horse that placed.
Benefits of an Each Way Double Bet
An each way double bet offers some advantages over a normal each way bet. Here are some of the benefits of an each way double bet:
- Potential for Higher Payouts: An each way double bet offers the potential for higher payouts than a normal each way bet. If both horses win and place, then you can potentially win more than if you had placed two separate each way bets.
- Protection Against Losses: An each way double bet offers some protection against losses if one of the horses doesn’t perform as expected. If one of the horses wins but the other doesn’t place, then you will still receive a payout according to the win odds of the horse that won.
- More Exciting Betting Experience: An each way double bet can make horse racing betting more exciting, as you have the potential to win more if both horses win and place.
Risks of an Each Way Double Bet
An each way double bet also comes with some risks. Here are some of the risks of an each way double bet:
- Higher Stakes: An each way double bet requires higher stakes than a normal each way bet, as the stake is split between the win and the place bets.
- More Difficult to Win: An each way double bet is more difficult to win than a normal each way bet, as both horses must win and place for you to be paid out.
- No Guarantees: An each way double bet offers no guarantees, as you have no control over the performance of the horses.
Tips for Placing an Each Way Double Bet
If you are considering placing an each way double bet, then there are a few tips you should keep in mind. Here are some tips for placing an each way double bet:
- Do Your Research: Before placing an each way double bet, you should do your research and make sure you are familiar with the form of the horses and the odds.
- Set a Budget: It’s important to set a budget when placing an each way double bet, as the stakes can add up quickly.
- Manage Your Bets: It’s also important to manage your bets and adjust your stakes according to your budget and the odds of the horses.
Conclusion
An each way double bet is a type of horse racing bet in which you back two horses to win and place in two separate races. It combines an each way bet and a double bet, so you can potentially win more if both horses win and place. This type of bet is popular among horse racing punters as it offers some protection if one of the horses doesn’t perform as expected.
If you are considering placing an each way double bet, then it’s important to do your research and make sure you are familiar with the form of the horses and the odds. It’s also important to set a budget and manage your bets according to your budget and the odds of the horses.