<p>There are few feelings that can match backing a horse and seeing her gallop home ahead of the pack. This is called picking a winner and it’s about as good as it gets.</p> <p>However, for punters new to the world of horse racing, there’s heaps of new lingo that can make things confusing, for example, what does betting each way actually mean?</p> <p>Sometimes however, you aren’t completely sold on a certain steed but still think they’ve got enough in the legs to at least finish in the top three runners in the field, or as it’s known “place.”</p> <p>That’s why bookmakers offer a type of wagering called place betting, which allows you to back a horse to simply finish 1st, 2nd or 3rd.</p> <p>If you want the best of both worlds and are looking to back your horse to either win or place then you can place what is known as an Each Way Bet.</p> <p>&nbsp;</p> <p>&nbsp;</p> <h2>What Does Each Way Mean in Betting?</h2> <p>&nbsp;</p> <p>Defining an each way bet couldn’t be easier, sometimes referred to as a “Win/Place” bet, an Each Way bet enables punters to back a single horse to both win outright and place.</p> <p>This effectively offers insurance against one’s own indecision. If your chosen horse finishes 2nd or 3rd you receive the place dividend and in the event of a win, you receive both the win and place payout. Thus, you can win each way.</p> <p>&nbsp;</p> <p>&nbsp;</p> <h2>How Does An Each Way Bet Work?</h2> <h2>&nbsp;</h2> <p>Also sometimes referred to as a “Win/Place” bet, an Each Way bet enables punters to back a single horse to both win outright and place.</p> <p>This effectively offers insurance against one’s own indecision. If your chosen horse finishes 2nd or 3rd you receive the place dividend and in the event of a win, you receive both the win and place payout.</p> <p>Each Way betting is especially popular with horses that are at long odds to win, roughies as they’re known in the racing world.</p> <p>Experienced punters will typically go all in and bet their whole stake on short priced horses to win and win only.</p> <p>There’s no hard and fast rule of when to place an Each Way bet, or to just go for the win. It’s up to the punter and how they think they can get the most bang for their buck.</p>

<h3>&nbsp;</h3> <h3>How Much Do Each Way Bets Return?</h3> <p>&nbsp;</p> <p>The potential of double the return comes at double the cost, with an Each Way costing twice as much as its value (i.e $5 Each Way = a total stake of $10) and potentially double the damage should your runner fail to secure a podium finish.</p> <p><br /> Let’s take a look at an example.</p> <p><em>Example 1</em></p> <p>You place a&nbsp;$10 Each Way bet on a horse paying 12.00 to win and 2.70 to place.</p> <p>This would mean that if your total stake is <strong>$20</strong>&nbsp;and your pick runs first, you’ll receive</p> <ul> <li><strong>$120</strong> back for the win&nbsp;</li> <li><strong>$27</strong> for the place&nbsp;</li> </ul> <p>Giving you a total return of <strong>$147.</strong></p> <p>If your tip was a little off and your horse runs second or third, then the win part of your wager would be a loser, but you would still collect the place component of your bet.</p> <p>This would mean you still get a healthy<strong> $27</strong> return on your original <strong>$20</strong> investment.</p> <p><em>Example 2</em></p> <p>What if you placed an Each Way bet on a horse at significantly shorter odds? Let’s take the same stake as above,</p> <p>You place a &nbsp;$10 Each Way bet on a horse paying 2.00 to win and 1.20 to place. Again, your total stake is $20.</p> <p>If the horse runs first as anticipated, you would receive a respectable return of<strong> $32</strong>.</p> <p>However, if they failed to win and ran second or third instead, you would only get the return for the place section of your wager, which equals <strong>$12</strong>.</p> <p>Obviously, this is less than your initial $20 stake and while you did save some face, overall this still equates to a loss.</p> <p>This is why veteran punters prefer to place Each Way bets on horses that are paying longer odds, as previously discussed in this guide.</p> <p>A good way to think about your Each Way bet is to look at it as two separate wagers. One to win and one to place. The only difference is that instead of betting on two different horses you’re betting one. It really is one for all you fence sitters out there.</p> <p>&nbsp;</p> <h2>How to Bet Each Way</h2> <p>&nbsp;</p> <p>Placing an Each Way bet couldn’t be more straightforward. Simply select your horse then underneath its name on your bet slip, next to where you enter your desired stake, simply select Each Way.</p> <p>Sportsbet allows you to choose either fixed or tote odds when placing an Each Way bet. Unsure which you’d prefer? Why not consult both our <a href="https://www.sportsbet.com.au/huddle/punter-iq/guide/how-do-odds-work-betting">How Do Odds Work in Betting</a>&nbsp;and <a href="https://www.sportsbet.com.au/huddle/punter-iq/guide/what-is-tote-betting">What is Tote Betting</a> guides.</p> <p>So next time you punt, take the hassle out of deciding between a horse to win or to place and bet Each Way instead. &nbsp;</p> <p>&nbsp;</p> <h3>How to Place an Each Way Bet</h3> <p>&nbsp;</p> <p>1. Select your horse.</p> <p>2. Select Each Way underneath horse name.</p> <p>3. Select Fixed or Tote odds.</p> <p>4. Place Bet</p> <p>&nbsp;</p> <p>&nbsp;</p> <h2>What Horses Should I Place An Each Way Bet On</h2> <p>&nbsp;</p> <p>Unsure of who to back? Different punters have all kinds of methods of pick the perfect horse on race day. Whether you are staying up to date with all the <a href="https://www.sportsbet.com.au/huddle/horse-racing/tips">expert racing tips</a>, you’ve read everything to know on <a href="https://www.sportsbet.com.au/huddle/punter-iq/guide/how-to-bet-on-horses-a-horse-racing-betting-guide">how to bet on horses</a> and make an educated punt, or just want to choose the <a href="https://www.sportsbet.com.au/huddle/horse-racing/news/funniest-racehorse-names">funniest horse name</a>, the choices are limitless.&nbsp;</p> <p>If you want to stay up to date with all things sport &amp; racing, make sure to check out more on the <a href="https://www.sportsbet.com.au/huddle">Huddle</a>.&nbsp;</p>