The term ‘each way’ is one of the most common phrases used in horse riding and betting. It is used to describe a particular type of bet, where a punter can bet on a horse to either win or place in a race. In this article, we’ll look at what each way means in horse riding and the different types of each way bets available.
What Does Each Way Mean?
Each way is a type of bet that is offered by bookmakers and involves betting on a horse to either win or place in a race. The win portion of the bet pays out if the horse comes first, while the place portion pays out if the horse comes in the top three, four or five places in a race depending on the number of runners.
If the horse comes first, the punter will receive both the win and place payouts.
Types of Each Way Bets
There are two main types of each way bets available in horse racing. These are:
- Full Each Way: This is the most popular type of each way bet and involves betting on a horse to win a race as well as to place. The amount of each way is determined by the number of runners in the race.
- Partial Each Way: This type of each way bet involves only betting on a horse to place in a race and not to win. It is often used for longer distance races where the odds of a horse actually winning can be quite long.
How to Place an Each Way Bet
To place an each way bet, the punter must first select a horse they wish to bet on. Once they have done this, they must then decide whether they want to back the horse to win or to place. If they choose to back the horse to win, they must then decide how much of their bet should be placed on the win portion and how much should be placed on the place portion.
Each Way Betting Odds
The odds for each way bets are usually calculated differently for the win portion and the place portion. Generally, the odds for the win portion are higher than the odds for the place portion. This is because the chances of a horse actually winning a race are much higher than the chances of it coming in the top three, four or five places.
Key Considerations When Placing Each Way Bets
When placing an each way bet, there are a few key considerations that punters should take into account:
- Odds: Punters should always look at the odds for each way bets before placing their bet. They should make sure that the odds for the place portion are attractive enough for them to make a profit if the horse comes in the top few places.
- Number of Runners: Punters should also consider the number of runners in the race when placing an each way bet. The more runners, the higher the chances of the horse coming in the top few places and therefore the higher the chances of making a profit.
- Race Conditions: Punters should also consider the conditions of the race when placing an each way bet. A horse may have better chances of coming in the top few places in certain types of races than others.
Each Way Betting Strategies
There are a few different strategies that punters can use when placing each way bets. These include:
- Back to Place: This is a popular strategy in which the punter only bets on the horse to place in a race. This is often used for longer distance races where the chances of the horse actually winning are quite slim.
- Place Only Betting: This is a type of each way betting where the punter only bets on the horse to place in a race. This is often used for races with large fields where the odds for the place portion are very attractive.
- Spread Betting: This is a type of each way betting where the punter bets on the horse to win or place in a race. The punter will then receive payouts based on how close the horse comes to winning or placing.
Advantages of Each Way Betting
There are several advantages to each way betting, including:
- Higher Returns: One of the main advantages of each way betting is that it can offer higher returns than other types of bets. This is because the punter is essentially betting on two outcomes (winning and placing) as opposed to just one (winning).
- Greater Security: Another advantage of each way betting is that it offers greater security than other types of bets. This is because the punter is betting on the horse to either win or place in a race, so even if the horse doesn’t win, they still have a chance of making a profit.
- Lower Risk: Finally, each way betting is generally less risky than other types of bets. This is because the punter is only betting a fraction of the total amount on the win portion, so even if the horse doesn’t win, they still have a chance of making a profit.
Conclusion
In conclusion, each way betting is a popular type of bet offered by bookmakers. It involves betting on a horse to either win or place in a race and can offer higher returns than other types of bets. There are several different types of each way bets available, as well as various strategies that punters can use when placing an each way bet. Finally, there are several advantages to each way betting, including higher returns, greater security and lower risk.