An each-way double is a type of wager that allows bettors to combine two different horse racing selections into one bet. It is similar to a double bet, but with the added advantage that it pays out even if only one of the selections win or place. The each-way double is a popular bet among horse racing enthusiasts, as it offers the potential for larger payouts than a single bet.
How Does an Each-Way Double Work?
In order to place an each-way double bet, the bettor must choose two horses in two different races. The bettor then places a single stake on both selections, with the stake being divided into two parts: a win bet and a place bet. The win part of the stake will be paid out if either selection wins their respective race, while the place part of the stake will be paid out if either selection finishes in the top three of their respective race.
For example, if a bettor were to place an £10 each-way double, they would be placing a £5 win bet on each selection and a £5 place bet on each selection. If either selection were to win their respective race, the bettor would receive a payout of £20 (the win part of the stake multiplied by the odds). If either selection were to finish in the top three, the bettor would receive a payout of £10 (the place part of the stake multiplied by the odds).
Odds and Payouts
The odds and payouts for an each-way double will depend on the odds of each selection. Generally, the higher the odds of each selection, the higher the potential payout. It is important to note that the odds of each selection must be at least evens (2.00) for the bet to be valid.
Benefits of an Each-Way Double
One of the main advantages of an each-way double is that it offers the potential for larger payouts than a single bet. This is due to the fact that the bettor is placing a win bet and a place bet on each selection, as opposed to just a single bet.
Another advantage of the each-way double is that it is relatively low risk. This is because, even if only one of the selections win or place, the bettor will still receive a payout. This makes the each-way double a popular bet among those who are looking to minimise their risk while still having the potential to win big.
How to Place an Each-Way Double
Placing an each-way double is relatively simple. The bettor must first select two horses in two different races. The bettor must then decide on a stake and click the ‘each-way double’ option on the betting slip. The bettor must then enter the stake and confirm the bet.
Things to Consider When Placing an Each-Way Double
When placing an each-way double, there are a few things that the bettor should consider:
Odds
It is important to ensure that the odds of each selection are at least evens (2.00) for the bet to be valid.
Stake
The bettor must decide on a stake before placing the bet. It is important to remember that the stake will be split into two parts: a win bet and a place bet.
Races
The bettor should check the form of each selection before placing the bet. It is important to ensure that the selections are running in different races, as this will increase the chances of winning.
Frequently Asked Questions
What is an each-way double?
An each-way double is a type of wager that allows bettors to combine two different horse racing selections into one bet. It is similar to a double bet, but with the added advantage that it pays out even if only one of the selections win or place.
How does an each-way double work?
In order to place an each-way double, the bettor must choose two horses in two different races. The bettor then places a single stake on both selections, with the stake being divided into two parts: a win bet and a place bet. The win part of the stake will be paid out if either selection wins their respective race, while the place part of the stake will be paid out if either selection finishes in the top three of their respective race.
What are the benefits of an each-way double?
The main advantages of an each-way double are that it offers the potential for larger payouts than a single bet, and it is relatively low risk.
How do I place an each-way double?
Placing an each-way double is relatively simple. The bettor must first select two horses in two different races. The bettor must then decide on a stake and click the ‘each-way double’ option on the betting slip. The bettor must then enter the stake and confirm the bet.
Conclusion
An each-way double is a popular bet among horse racing enthusiasts, as it offers the potential for larger payouts than a single bet, and it is relatively low risk. In order to place an each-way double, the bettor must choose two horses in two different races and place a single stake on both selections. The bettor must ensure that the odds of each selection are at least evens (2.00) for the bet to be valid. Placing an each-way double is relatively simple, and there are a few things that the bettor should consider before placing the bet.