What is 5 each-way?
An each-way bet consists of two bets of equal cost, a win bet on your selection to win an event and a place bet on it to finish within a certain number of places specified by the bookmaker beforehand. That’s why a £5 each-way bet requires a total stake of £10 (£5 win and £5 place).
How do I calculate my each-way bet return?
When you bet each way, you have two bets; one for the horse to finish first, and a second bet for the horse to finish in the top four or five (varies according to by race). The winnings for the latter bet are calculated by applying the fraction (usually 1/4) to the original odds available.
What does each-way 1 5 3 places mean?
If you place a bet which is EW (1/5, 3 places) and your horse finishes in the top 3, you’ll win your bet. The place portion of your bet will pay out at 1/5 of the odds that you took that horse for. Should the horse come first you’ll receive the pay out on both the Win and Place portions of your bet.
What does 1/5 each-way mean?
This means you will be paid for your win part of your bet at the odds chosen when you placed the bet and for the place part of your bet at 1/5 of your odds.
How do I settle an each-way bet?
Multiple each way bets are settled on a WIN-to-WIN and PLACE-to-PLACE basis. For instance, if all but one of your selections wins and the remaining selection only manages to be placed, the WIN element of the bet is void.
How does a 5 fold each-way bet work?
With horse racing accumulators, if your bet includes six horses to win and one is declared a non-runner, the accumulator is downgraded from a six-fold bet to a five-fold bet, with your potential winnings downgraded to the combined odds of the remaining five selections.
Which bookies pay extra places?
Which Bookies Pay Extra Places Most Often?
| Extra Place Bookmakers | |
|---|---|
| Betfair Sportsbook | Visit |
| Paddy Power | Visit |
| Bet365 | Visit |
| Coral | Visit |
How do extra places work?
The extra place offer in matched betting works by placing 3 different bets, 1 back bet with the bookmaker and 2 separate lay bets with the betting exchange of your choice.
What are the parts of a each way bet?
The bet is made up of two parts: the ‘Win’ and the ‘Place’. Each part of the bet must be an equal stake, e.g. a £5 each way bet will have £5 on the ‘Win’ and £5 on the ‘Place’ making a total of £10.
How much do you get for each way betting?
Your stake is doubled when you place an Each Way bet, so a £5 Each Way bet would require a £10 stake. £5 will go on the win portion and £5 on the place portion. The place portion of the bet will be represented using a fraction of the winning odds.
What are each way place terms?
These are used to determine the payout for the Place part of your bet. Place terms are set by the Bookmaker or Betting Exchange that you place your EW bet with. They’re usually stated within, or next to, the bet slip. There’s two things you need to know about the Each Way Place terms:
How do 5/1 odds work?
The 5/1 odds become 1/1 when fraction applied.) For much more information about how each way bets work, see our guide to each way betting. How does an Each Way Calculator work? After entering your stake, bet type and odds of each selection, our helpful tool will calculate how much you could win on a successful bet.