Each-Way Betting Guide

An each-way bet is two bets in one: half your stake on the horse to win, half on it to place (usually top two or three, depending on the race). If the horse wins, you collect both the win and the place. If it only places, you collect the place portion. Each-way betting is popular when a horse has a solid place chance but the win odds are short, or when you want to cover a place at bigger odds.

Place terms vary by race. Many races pay place on the first three (1/4 odds), so your place return is win odds divided by four, paid for first, second, or third. In smaller fields (e.g. eight or fewer runners), place might be paid only on first and second (1/5 odds). Always check the place terms before betting—they affect whether each-way is good value. If place terms are 1/5 for two places and your horse is a rough chance, the place component may not offer value.

Each-way is often used on horses at double-figure odds that have a chance of running a place. It can also be used when you think the favourite might be vulnerable and your selection could win or run second or third. Use our odds comparison to see win and place odds across bookmakers and our Understanding Odds page to work out potential returns.