Each Way horse racing tips equate to two bets on one horse – one on it to win and one on it to place. The ‘Win’ part of the bet is on your horse to win the race, and the ‘Place’ part is on your selection to finish either first or in one of the number of places (e.g. 2nd, 3rd, 4th etc). As you’re effectively betting on two bets in a single selection, a £2 stake would be split, with £1 going on the horse to win, and £1 going on the same horse to place in the same race.If your horse wins, both the ‘Win’ and ‘Place’ parts of the bet will pay out. However, if your selection only places, you will lose the ‘Win’ part of your bet, but you’ll get paid out on the ‘Place’ part. The odds for the ‘Place’ are given as a fraction of the odds for the ‘Win’ and will be displayed to you when you place your bet.For example, if a £1 each way bet is placed on a horse priced at 20/1 and it finishes 2nd, returns will be broken down as follows:
- The £1 ‘Win’ part of the bet is lost
- The £1 ‘Place’ part of the bet is settled by dividing the price by the fraction offered before the race (typically 1/4th or 1/5th)
- 20/1 at 1/4 the odds: 20 divided by 4 = 5/1. £1 at 5/1 = £6 returns
- 20/1 at 1/5 the odds: 20 divided by 5 = 4/1. £1 at 4/1 = £5 returns
Our Each Way tips work under these rules for us to get a return. A lot of newcomers to betting on horse racing understandably request that our Each Way Tip system is explained and it’s important that you learn the ins-and-outs before joining in with any of our bets.
If you need any further assistance, feel free to contact us on Twitter at @TWEnclosure