An Each-Way (E/W) bet is a bet consisting of two separate parts - a win part and a place part. The win part of the bet is on your selection to win the event, and the place part is on your selection to finish either first or within the race/event's specified place terms (e.g. 2nd, 3rd, 4th, etc). The bet is very popular in horse racing since it allows you to be paid out even if your horse doesn't finish first.
How do Each-Way bets work?
When you place an Each-Way bet (by ticking the e/w checkbox), your stake is doubled, with half allocated to the outright win, and the other half allocated to your selection finishing within the place terms. Each race/event has specified place terms depending on the number of entrants, eg. ¼ 1-2-3. In this example, an Each-Way bet placed on a selection that finishes 1st will pay in two ways: you will win the outright portion of the bet, but you will also win the place portion at ¼ the outright odds as it finished in the top 3.
You place a R10 Each-Way bet on a 12/1 shot in a race with E/W terms ¼ 1-2-3
If your selection finishes 1st:
- You win R120 plus your stake for the outright win
- You also win R30 (quarter the outright odds: 3/1) plus your stake for placing (ie. finishing in the top 3)
If your selection finishes 2nd or 3rd:
- The outright portion of the bet will lose
- You win R30 plus your stake for placing
If your selection finishes outside the place terms for the race, both bets lose.
How do Each-Way Multiples work?
In the case of settling Each-Way Multiples, the win portion of the first bet will be carried over to the win portion of the following bet, and similarly, the each-way portion of the bet will be carried over to the each-way portion of the following bet.
You place a R10 E/W multiple on Selection A in Race A and Selection B in Race B. This means you have an outright (win) multiple and a place multiple.
If Selection A wins and Selection B only places, the outright portion of the multiple will lose, but the place portion will win.
If Selection A only places and Selection B wins, again, the outright portion of the multiple will lose, but the place portion will win.