Each way of betting entails making two wagers of equal size, one on the horse to win and the other on the horse to place (i.e., to come in first, second, third, or even fourth place, depending on the type of race). Check out the Best info about เว็บพนันUFABET.
Assuming All Possible Outcomes Each way of betting is much simpler when viewed as two individual wagers.
As An Instance
For example, if you wager £20 on a horse in a race, £10 will be placed on your horse to win, and another £10 will be placed on your horse to finish in the places, for a total of £20. The “win” portion of the bet is straightforward; it works the same way as if you had bet £10 on the horse outright. It is a bit more complex to explain how your bookmaker settles the place portion of your wager, and it varies depending on the type of race you are betting on. Here are the bookie’s guidelines for paying out each way wagers.
No Place Bets on Races with 2 or 3 Runners
- Places 1 and 2 give one-fourth of the odds for
- 5–7 Runners;
- 8+ Placed finishers receive a fifth of the chances.
- 12 – 15 First, second, and third place in runner handicap races for those aged
- 16+ Runner handicap races are paid at one-fourth of the chances.
The preceding illustration demonstrates that four-runner contests are win-only. (so each way betting is not offered by Bookmakers).
In addition, handicapped events are handled differently. In theory, each horse is assigned a unique load. To ensure that all of the horses in the race finish in a straight line, the Official Handicapper must assemble the “weighting process.”
Predicting how a horse will rank in a race makes it more challenging. (the Handicapper may make a mistake with one or two horses but surely not with the whole field.) If there are more than 16 runners in a race, most books will add place to the Each Way betting pool, and the place terms will be increased to 1/4 of the odds instead of 1/5. (1st, 2nd, 3rd and 4th).
Example of a Two-Way Wager
You’re interested in the 2.30 race at Newmarket and see that Loopylu is 10-1 to win Even-Money (the race is an 8-horse non-handicap, so the EW terms are 1/5 of the chances for 1st, 2nd, or 3rd place).
If you place a £10 each-way (EW) wager, your bookie will deduct £20 from your account. The first wager is a tenner on a victory at odds of ten to one (2-1 is one-fifth of 10-1), and the second wager is a tenner on a win at odds of two to one (2-1). Loopylu’s placement in the race is the second wager. (i.e. 1st, 2nd or 3rd.)
There are now three possible results for this wager.
1. Loopylu Doesn’t Take First or Second
If Loopylu does not come in first, second, third, or fourth, you will lose your £20 wager. This is because you will lose your £10 win stake and your £10 place bet.
2. Place finishes for Loopylu
Loopylu places second or third but never first. The second and third are equally valid options; they represent “a place.” Your £10 EW wager is two bets (£10 win and £10 place), so if this happens, you lose your £10 win stake, and the bookmaker keeps your £10 win bet. Your £10 place wager paid out at 2-1 (2-1 being 1/5 of the odds), so you made £20 plus your initial £10 stake. Since you wagered £20 (£10 EW) and won £30, your return on the wager is £10.
3. Loopylu Comes Out on Top
Since a win also serves as a place, if Loopylu wins the race, both of your wagers will pay off. (1st, 2nd or 3rd.)
If this happens, you will earn £110 (£100 profit at 10-1 plus your initial £10 stake).
However, the £10 you initially staked on the place bet has also been returned to you as a win (£20 profit plus your £10 initial place stake), for a total payout of £30.
In this case, your investment plus your earnings of £120 brings you to a total of £140.
Many bookmakers give a quarter of the odds for a horse finishing first, second, third, fourth, fifth, or sixth in races with more than 16 entrants, such as the Grand National, which typically has more than 30 entrants.
Now that I’ve laid out the fundamentals of Each Way Betting, I should mention that making Each Way Single Bets is just one of my suggested strategies for wagering on horse races.
Read my follow-up piece titled “The Bet the Bookies Fear Most – The Each Way Double” for a more strategic and lucrative strategy for EW betting.
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