Each-way betting
An each-way bet is two equal bets: one on the horse to win and one on it to finish in the places. £5 each way costs £10.
How the place part pays
The place part pays a fraction of the odds, usually a fifth or a quarter. Take £5 each way at 10/1 with a fifth the odds. If the horse wins, the win part returns £55 and the place part £15, so £70 in all. If it only places, you get £15 back, a £5 profit on the £10.
Usual place terms
| Race | Places paid | Fraction |
|---|---|---|
| 2 to 4 runners | Win only | None |
| 5 to 7 runners | 2 | 1/4 |
| 8 or more runners | 3 | 1/5 |
| Handicap, 12 to 15 runners | 3 | 1/4 |
| Handicap, 16 or more runners | 4 | 1/4 |
Many bookmakers pay extra places on the big races, so compare before you bet.
Work out any bet with our bet calculator.