Each way betting is something that many are unaware of. But each way betting can be a great way to keep your bet from being a total loss. It is a relatively easy way to bet, but you must be aware that each way betting is not available for all sports. Each way betting is especially popular in horse racing, which is why you will typically find it here with the various online bookmakers.
A bet consisting of two games. It consists of a winning game and a placing game, for example, where a given team wins a tournament and at the same time ends in the top three. If the team wins in first place, you will receive a payout for both games, but if they finish in second or third place you will only receive a portion of the win.
One-way odds consist of 2 odds on 1 choice, 1 that the selection will win a race or an event and the other that the selection will place. 1st Bet: Wins your choice for a race or event. 2.bet: What location does your choice end up on. If the "chosen" wins the race, you win both of your odds. If the "chosen" ends at a particular position, you win at the placement portion of your odds.
Each way betting is clearly marked, usually with E / W. Each way betting can be an advantage because it allows you to bet on two separate results at the same time. This can be a great way to minimize the risk of loss and keep your own interest in the fight, even if your favorite doesn't win.
Betting money on an each way bet will mean that you bet an amount on, for example, a specific horse winning and that it gets a second place such as a third place. That is to say that if you have wagered £ 500 each way with a specific horse in a particular race, then it actually meant that you wagered £ 500 on that horse winning the race and £ 500 on the horse gets another placement such as a third place.
Each way betting is a popular betting method as it significantly reduces your chances of losing your bet. If the specific horse does not win the race, then in most cases you will win a good enough win in the second position. That is to say, you typically haven't lost any money in the end - or maybe very little anyway.
If you still think that each way betting seems a bit obscure, then this section gives you 3 examples to help you get started:
Example 1: You bet £ 50 on a horse with odds of 10/1 EW 1/5 1-2-3. The horse ends up winning the race. In this example, both bets will win.
Example 2: You bet £ 50 on a horse with odds of 10/1 EW 1/5 1-2-3. Here the horse ends in second place. In this example, it is only the bet on the actual placement that you win. The winnings therefore consist only of the second bet and not of both bets.
Example 3: You bet £ 50 on a horse with odds of 10/1 EW 1/5 1-2-3. Here the horse finishes in fourth place. In this example, none of your bets win, which is why you do not receive any winnings.
Each way betting is popular as it increases your chances of winning a prize. In some sports events, there are no strong favorites where in such a market it is much harder to predict who wins. In this case, it can be an advantage with each way betting, as the bet is made at a lower risk of losing the money.