How To Bet Each Way

So you want to know how to bet each way? My guide to each way betting is simple and straight forward, it’ll show you the correct way to write out each way bets and explain when you should and shouldn’t bet each way.

The ideal situation for an Each Way bet is when you fancy a horse to run well, but your not sure it’ll win. The Each Way bet covers your horse to win, put also pays out if your horse finishes 2nd or 3rd (and sometimes even 4th place if the race has 16+ horses running).

The Each Way bet is really two bets in one, the first part of the bet covers your horse for winning the race, the second part of the bet covers your horse if it fails to win but manages to finish in 2nd, 3rd or 4th place. Because the each way bet has two parts the stake is doubled, so a £5 each way bet actually costs you £10. You can’t bet on a horse each way if the race has less than 5 runners and a race with 5 ~ 7 runners will only pay out on a 2nd place.

It’s also worth noting that you will only get 1/4 or 1/5 of the quoted odds if you horse finishes in 2nd, 3rd or 4th place. Which means you shouldn’t back a horse each way unless it’s odds are over 4/1, because you could never win enough to cover your original stake.

Writing out a betting slip for an each way bet is quite simple, I’ve added a picture of a correctly filled in betting slip for you. Click on the image to see a bigger version. You can also view the video below which shows you in detail how to bet each way. A great bookmaker for each way betting is Paddy Power bookmakers, they offer competitive odds, free bets for new customers and sometimes they even pay out on 5th places for big races like the Grand National.