An each-way bet is one of the most popular methods of betting in the world of horse racing and you will often stumble across an each-way bet calculator every now and then, so we will aim to answer the question ‘what does each way mean in horse racing?’ right here for you.
An each-way bet explained will be quite easy to understand. Ultimately, when you’re betting on betting on horses, you want to pick the winner. It is that simple. However, it is not that simple to actually do, so picking a bet on a horse to win is tough to figure out, especially when you’re betting on something highly competitive such as the Grand National or the Cheltenham Festival. This is where each way horse racing betting comes into play.
If you can’t pick an outright winner in a horse race, an each-way bet gives you the chance to get a win if the horse you back doesn’t win but instead finishes in 2nd, 3rd, 4th or 5th place. Naturally, as you would expect, this will decrease the returns overall, but your chance of winning enhances too, as you’re backing multiple horses.