Struggling to pick a winner for the Gold Cup or the Champion Hurdle? Well, why not bet each way?
In a race where the winner doesn’t look like a sure thing, an each way bet can provide real value. This is because an each way bet allows you to get some level of returns even if your horse doesn’t win.
Below you’ll find all of our Cheltenham each way tips, including tips for the feature races like the Queen Mother Champion Chase and the Stayers’ Hurdle.
Each way bets at Cheltenham are incredibly popular. It’s easy to see why, too. After all, these bets give you two chances to win. This is because, when you place an each way bet, you actually place two bets simultaneously. One on your horse ‘to win’ and another on it ‘to place’.
This means that, if it fails to win but instead ‘places’, you’ll still receive some level of returns, usually around ¼ of the overall winnings.
Without further ado, here are our Cheltenham each way tips:
We provide new Cheltenham EW tips for every day of the Cheltenham Festival, so be sure to bookmark this page and check back regularly.
Still unsure why you could bet each way at Cheltenham? Well, if you’re new to the world of betting, then some of the terminology may have confused you. To help you decide whether each way betting is right for you, we’ve answered a number of frequently asked questions:
When you place an each way bet at Cheltenham, you effectively place two bets: one on your horse to win and another on it to place. These bets are placed evenly.
So, if you place a £2.50 each way bet at Cheltenham, it will cost you £5. This is because you’re placing one bet for £2.50 on the horse ‘to win’ and one bet for £2.50 on the horse ‘to place’ (this is usually the minimum stake amount).
If your horse then goes on to win the race, you’ll win both parts of the bet. However, if it fails to win but still places (the number of place positions is determined by the size of the field), you’ll lose the ‘to win’ part of the bet but you’ll still get paid out on the ‘to place’ part.
The way the odds are calculated on an each way bet is slightly different from how they’re calculated on a ‘to win’ bet. This is because the ‘to place’ bet is given as a fraction of the odds of the ‘to win’ bet.
The amount the ‘to place’ part of your bet is worth depends on the odds of your selected horse and how many places are available. But let’s look at an example to give you a clearer idea of how the process works…
Say you place a £2.50 each way bet at Cheltenham on a horse that’s 20/1 and the race pays up to four places. Then, the race finishes and your horse comes second.
In this scenario, the £2.50 you bet on your horse ‘to win’ loses. So you lose your £2.50 stake. However, the £2.50 you bet on your horse ‘to place’ wins.
The ‘to place’ part of your bet is settled by dividing the odds you received (in this case 20/1) by the fraction offered before the race (in this case four places).
So, rather than the full 20/1 price you would have received if your horse won the race, you instead receive 5/1 (20/1 divided by four). This means you’d receive £12.50 plus your stake. This would result in a total return of £15.
If your horse had won the race, both parts of your bet would have landed. In this scenario the breakdown of your winnings would have been as follows:
Crucially though, you’re not guaranteed to win with an each way bet. If your horse finished outside the designated places in this scenario, you’d lose £5.
If you place a ‘to win’ bet, you can only claim your winnings if your horse wins the race. An each way bet is different.
When you place an each way bet at Cheltenham, you actually place two bets at an equal cost. One of these is a bet for your horse ‘to win’ a race and the other is for it to finish within a certain number of places specified by the bookmaker beforehand.
The ‘to win’ part of your bet will give you the full odds for that horse. However, the ‘to place’ part of your bet is settled by dividing the odds by the fraction offered before the race. For instance, if the race pays three places, your odds will be divided by three. If four places are paid, your odds will be divided by four. This information will clearly be displayed on your betslip.
Each way betting is incredibly popular at Cheltenham. In fact, in some races, it’s just as popular as betting on a horse to win. As a result, you can place an each way bet for Cheltenham with every bookmaker.
This is particularly good news, as it means that you can compare the prices offered by each bookie and ensure that you’re getting the very best odds available. This way, you can maximise your potential returns.
In addition to this, many of these bookmakers also run exclusive promotions and offers such as free bets during the Cheltenham Festival. So, before you take advantage of our Cheltenham each way tips, it’s well worth scanning the market for offers and promotions.
Here at The Winners Enclosure, we’ve been providing a great selection of Cheltenham each way tips for more than a decade.
All of our Cheltenham EW tips are completely free to read and use, and we never place our tips behind a paywall of any kind. To make sure you’re always in the know about the best each way tips for Cheltenham, we recommend that you come back to this page regularly.
Added to this, it’s also well worth following us on Twitter/X, where we have almost a quarter of a million followers. Alternatively, like our page on Facebook, where we provide our tips to more than 200,000 followers.
We always share all the best each way tips for Cheltenham during the Festival and we refresh our tips each day, so follow us and ensure you’re always up-to-date.
To win bets and each way bets are two of the most popular forms of betting when it comes to horse racing.
However, if you feel like these types of bet aren’t quite right for you or you want to bet on multiple races at the same time, then you’ll be pleased to hear that other forms of betting are available, including lucky 15s, accumulators, doubles and trebles.
