Betting Each Way

Betting each way is a useful tool in horse racing. It’s a great way of finding value.

A each way bet is two bets - one to win and one place...'

It pays out a percentage of the winning price if your horse comes second to fourth – depending on the race.

The payouts change with numbers of runners. It breaks down like this….. (Table)

Races with 5-7 runners only covers 1st and second at 25% of the winning, more than eight sees the first three pay out 20%, and more than 15, in a handicapped race sees the front four pay out, also at 20%.

Bookmakers hate each way betting. It’s an old formula, which doesn’t benefit them… Which is good news for you, the punter!

The best time to bet each way is to look at racers where three or four horses are clearly ahead of the rest.

Here we see that only four of the eight horses have a serious claim on winning the race. Backing the favoured horses each-way in a race like this stacks the odds in your favour. Why? Because the outdated each-way placing terms do not accurately reflect the true probabilities of these horses finishing in the first 3, a great opportunity to bet each way.

Be patient, wait for the races that suit you, and take advantage of each way betting!

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