With a typical ‘win bet’ you only get paid out if your horse finishes first. The each-way bet allows you to bet on a horse to win but will also pay out if your selection finishes second or third. Occasionally, even a fourth place can give you a return from the bookmaker.
The returns for winning and placing are calculated differently. Usually, you’ll get 1/5th the quoted odds for a horse that places. The bet will cost you double a standard win bet. The each-way bet’s appeal is easy to understand and has been a popular punt with racing fans for ages.
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Betfair is now giving customers the option to extend each-way bets beyond the standard places, using their ‘Each Way Edge’ feature. You could get paid out on more places when taking a punt on the horses with Betfair.
Standard Each Way Places
Typically, each way bets payout on places like this: race with 15 runners or more (4 places), race with 8 – 14 runners (3 places), race with 5 – 7 (2 places). Races with less than 5 runners (win only). Each-way places usually pay 1/4 or 1/5 of the quoted odds.
Each Way Edge
Using Betfair’s ‘Each Way Edge’, you’ll receive slightly lower odds in return for more places. When making your wager, the bet slip will display the option to add ‘Each Way Edge’. The odds and places update in real time as you click on the available options. You’ll always know the price and places before placing your bet.
You’re under no obligation to take the ‘Each Way Edge’. However, it’s nice to have the option. Stick with the standard each-way place terms if you think they’ll cover your selection.
More Than Just Sports Bets
In addition to its expansive sportsbook offering, Betfair provides a dazzling array of additional betting and gaming options. Players can enjoy casino games, virtual sports, horse racing bets, and lottery draws from the same platform!
Betfair Casino is a fan favorite among players due to its impressive selection of slots and table games from renowned developers like Playtech and Evolution Gaming.
For classic slot lovers, Betfair has a plethora of well-loved three-reel titles and new releases, complete with cutting-edge visuals and bonus rounds. If you prefer more traditional betting experiences, then numerous options such as roulette, blackjack, and poker are available.
Finally, the Betfair virtual games section offers something for everyone with a range of events such as football, tennis, horse racing, and greyhounds. All virtual offerings feature realistic graphics and animations to make the experience more immersive.
In conclusion, Betfair is one of the best-rounded betting platforms around. With an impressive selection of sports bets, casino games, virtual experiences, and a unique lottery offering.