Each Way Bets Explained

simon crisford horse royal ascot ostilio top hat enclosure

What is a horse racing each-way mean in betting?

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.

The two parts of a horse racing each way bet

Rather than use an each-way bet calculator, if you’re wondering ‘how does each way betting work?’, remember that there are two areas to this bet.

The initial part of an each-way bet is picking a winner in a specific horse race. The second part is the defining ‘each way’ aspect, where you are getting a return for a horse that finishes anywhere up to 5th place.

Simply put, if you're backing an each-way bet in horse racing, your bet is placed into the parts: the 'win' and the 'place'. Each part of the bet will be equal, so for example, a £10 bet will be split into two £5 bets. One half of the bet will be on the winner you chose, and the other will be on the ‘place’ bet, and if your horse managed to finish in positions 2-5, you would win the place bet. If they finish above 5th, your each-way bet would lose.

How do you make an each-way bet?

Placing an each-way horse racing bet is relatively easy once an each-way bet is explained, and it is also quite easy to find on the bookmaker you are betting with. More often than not, you will find that each-way bets are right next to the area where you bet on the outright winner, as you simply click the box that says ‘each way’ or ‘EW’ for short. Most races will allow for an each-way bet also, and it isn’t something that is just for bigger races and events like Royal Ascot and the Cheltenham Festival.

So, if you want to bet on an each-way bet, head to the horse racing section of the bookmaker you are betting with and choose the race or races you want to bet on. Input how much you want to place, and you can then have the option to click on an each-way bet before you cement the overall bet. You will then see this read on your betting slip as an each-way bet, with the returns listed out for you.

How many places are paid on an each-way bet?

The best rule of thumb for this one is if there are 5, 6 or 7 horses running in a race, then there are two places available, which means there is a cash return if backed each way on horses who finish first or second at quarter of the odds.

Ultimately, this essentially allows the chance to get a return on your bet if the horse you back doesn't win but finishes inside the top 5 anyway. Smaller races with only 5 runners in it obviously won’t have this rule.

Benefits of building an each-way accumulator bet

As is always the case when backing an accumulator bet, you have the chance to win more money but at significantly higher odds, meaning the chances of actually winning are not so good. The same applies to an each-way betting calculator, but as you will be betting on each race with a chance of a return from a placed horse, an each-way accumulator is a good way at getting some returns in.

On one hand, there is the increase in odds, but also, on the other hand, the unlikelihood of the whole thing winning also remains higher and to increase the odds much more than one each-way bet, you will need to add in quite a few selections.

How do I decide if an each-way bet is worth it?

An each-way odds calculator will help with this, but overall, the best way to figure out if it is worth it is to enter the amount you want on the each-way horse racing bet, and before you finalize the bet itself, take a look at what this could return.

On the other hand, another way to decide whether an each-way bet is worth it is to simply check the odds for the horse you’re backing to win to actually win. If the odds are high, it’s fair to say that the chances of an each-way bet would be quite small, simply because it is expected that the horse is expected to finish in these positions anyway, and vice versa.

Moreover, an each-way accumulator will be much tougher to work out as there are multiple bets and outcomes to consider and the overall maths would be greater, so it’s wise to send these over to an each-way odds calculator to get a definitive answer.

Will you at least break even if your selection places?

An each-way bet calculator will help you with this, but essentially, the answer here is no. This will all depend on the each-way horse racing bet itself and what the odds are here, but just because they are higher odds to finish as the winner doesn’t necessarily mean that the odds for an each-way bet will be generous too, as the bookmakers simply calculate that these outcomes are expected as they are not favoured to get into the winning positions as it is.

We advise that you head to our each-way bet calculator here in order to find out whether or not this is worth it.

How to calculate each way betting odds

Calculating the odds of an each way bet can be hard to work out so we don’t advise you sit there calculating it all by yourself, as you’re just going to take time out of your day!

If you want to calculate the each-way bet odds with an each-way odds calculator, simply head over to our each-way betting calculator and see what odds you get for each one.

Getting tips for racing each way betting

If you’re after the each-way bet tips and the each way meaning for your overall betting odds, you’ve come to the right place. An each-way horse racing bet isn’t incredibly complex to work out and the idea behind it is to ultimately cover different angles so you don’t lose cash, but of course, this isn’t as simple as the idea that just because you’re backing different outcomes you will win; your horse could finish 6th!

With this in mind, head to our each-way betting tip and take a look at all our latest each-way bet tips and our each-way horse racing predictions for each race out there.

Free Bets & Offers


✅ DEPOSIT £10 & GET £30 IN FREE BETS ✅
New UK, IE & Malta users only. Min. £10/€10 first deposit only using Debit Card or Trustly. Free bets expire in 90 days. T&Cs apply.
Claim Bonus
🙌 PLACE ANY BET & GET £30 FREE BETS! 🙌
NEW CUSTOMERS ONLY. FIRST SINGLE & E/W BET ONLY. 5P MINIMUM STAKE. 3 X £10 BET TOKENS. FREE BET STAKES NOT INCLUDED IN RETURNS. FREE BETS EXCLUDE VIRTUALS. FREE BETS ARE NON WITHDRAWABLE. NO FREE BET EXPIRY. ELIGIBILITY RESTRICTIONS AND FURTHER T&CS APPLY. 18+. BEGAMBLEAWARE.ORG
Claim Bonus
🎉 BET £10 & GET £60 FREE BETS! 🎉
New UK customers only. Register using the promo code BETFRED60, deposit and place first bet of £10+ on Sports (cumulative Evens+). First bet must be on Sports. £20 in Free Bets to be used on Sports, £10 in Free Bets to be used on Lotto and 50 Free Spins (20p per spin) credited within 48 hours of bet settlement. Further £20 in Free Bets credited 5 days after settlement. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply.
Claim Bonus
🏇🏼 50% UP TO £50 WELCOME BONUS 🏇🏼
18+ begambleaware.org; New bettors get 50% of deposit up to £50; Once per household; Min deposit £15 (no Skrill/Neteller); Wager a total of 8 times deposit + bonus, with max qualifying bet stake equal to your initial bonus amount; Bonus expires after 60 days; Min odds of 4/5 on singles, or 2/5 per leg for acca; Some bet types excluded; See full terms; See full terms; Terms apply; 18+
CLAIM HERE

🍀 Money Back as CASH up to £20 if your first bet loses! 🍀
New customers only. Place your FIRST bet on any Football market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using cards will qualify for this promotion. T&Cs apply.
Claim Bonus
🐎 BET £10 ON RACING & GET £40 IN FREE BETS (MOBILE ONLY) 🐎
18+. Play Safe. New customers using Promo code Z40 only, Min £10/€10 stake, min odds 1/2, free bets paid as 4 x £10/€10, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. See full terms below. #ad
Claim Bonus
😍 UP TO £40 MONEY BACK AS BONUSES IF YOUR FIRST RACING BET LOSES + £10 CASINO BONUS!!! 😍
18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first racing bet loses. Wagering: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Sports bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. Full T&Cs apply. #Ad.
Claim Bonus
🔸 GET MONEY BACK AS CASH UP TO £20 IF YOUR FIRST BET LOSES! 🔸
New customers only. Place your FIRST bet on any Football market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using cards will qualify for this promotion. T&Cs apply.
Claim Bonus
🏇🏼 Bet £10 on horse racing & get £30 in free bets + £10 casino bonus! 🏇🏼
Min deposit £/€/$10 • A qualifying bet is a ‘real money’ stake of at least £/€/$10 • Min odds 1/2 (1.50) • Free Bets credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager the bonus amount 40 times within 14 days • Casino Bonus expires after 60 days • Withdrawal restrictions, payment methods, country & Full T&C’s apply.
CLAIM HERE
🔵 GET £20 IN FREE BETS WHEN YOU BET £5 🔵
18+ New UK & ROI Customers only. Min deposit £5. Min first £5 bet at minimum odds 1/2 to qualify for 1x 20 free bet. Certain deposit methods and bet types excl. Free bet valid for 7 days, stake not returned. Restrictions + T&Cs apply.
Claim Bonus
🔴 GET £20 IN FREE BETS WHEN YOU BET £5 🔴
18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first £/€5 bet within 14 days of account reg at min odds 1/2 to get 4x £/€5 free bets. Free bets valid for 7 days, stake not returned. Restrictions + T&Cs apply.
Claim Bonus
🟢 Bet £10 & Get £50 in free bets! 🟡
For new customers. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of qualifying bets. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
Claim Bonus
🟠 BET £10 & GET £20 IN FREE BETS! 🟠
*New members. £10 min deposit & bet on sportsbook, placed & settled at 1.5 min odds within 14 days of sign-up. Win part of E/W bets. 2 non-withdrawable £10 Free Bet Tokens: accept in 7 days, valid for 7 days from crediting (ex. E/Ws & Multiples), stakes not returned. Click here for Rules & Exclusions. Bet Responsibly. BeGambleAware.org
CLAIM HERE
🌟 Get a Free Bet up to £25 Plus 10 Free Spins!
Place a £10 Sportsbook bet on any Horse Racing market between the 18th & 20th of February, at min. odds 1/5 (1.2) — get £45 in free bets on bet settlement, valid 30 days. Only deposits via Cards will qualify (Apple Pay deposits excluded). T&Cs apply. 18+.
Claim Bonus
🔹 GET £30 IN BONUSES WHEN YOU BET £5 🔹
18+ New customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 2x £10 Free Bets, set events at odds 2.00+. Plus a £10 Slot Bonus, selected games, wager 20x to withdraw max £250. 7 day bonus expiry. Card payments only. T&Cs apply, see below. begambleaware.org | Please gamble responsibly
Claim Bonus
🏇 BET £25 & GET 5x £5 IN FREE BETS! 🏇
Key Terms: Valid for new UK & Irish customers. Only customers registering and playing via mobile are eligible for this offer. Min qualifying deposit £25. Min odds apply for free bets. 2 day expiry for free bets. 18+.
CLAIM HERE
GET A £30 MATCHED FREE BET IF YOUR FIRST FOOTBALL ACCA LOSES!!!! 🙌🙌🙌
*New UK customers only. Min Deposit: £5. Maximum Free Bet: £30. First bet on a Football multiple with 3+ selections. Overall odds: 3.00 (2/1) or higher. Free Bets available upon settlement of the qualifying bet. Debit card deposits only. This is offer is valid for 7 days from your new account being registered. 18+ BeGambleAware.org Full terms apply.
Claim Bonus