How much won on each way bet

This refers to the position the horse needs to finish in for the place bet to win. In the screenshot, this is three i. A race such as the Grand National with more runners will often have more places.

This will be represented as a fraction. Because the chances of the horse finishing in the top three are greater than finishing first, the odds for the place part of the bet is reduced by the fraction provided.

Remember that when you make your each way bet, you effectively have two different bets. Example One. The horse finishes 1st. Example Two. The horse finishes 2nd. Example Three. The horse finishes 4th. Still unsure? Work out your winnings with our each way bet calculator. For some sporting events, there are no strong favourites and each selection is priced long. In such a market, it is much harder to predict who will win, but the long odds results in favourable odds even after the fraction has been applied.

Some would, therefore, consider each way betting to be lower risk, lower gain approach to betting. A second consideration is the odds after the fraction has been applied. If the odds are low to start with, once the fraction has been applied the potential winnings might be not so attractive. Some may perceive the lower risk, lower gains as a potential drawback. We have a much greater chance of a return by betting each way because we get a payout if our horse places.

If the odds are high enough then we can still make a profit even if the horse only places. About Our Company. We are a crack team of software developers and experienced Matched Bettors, dedicated to helping you earn a sustainable, tax-free income every month. If you do have any concerns about gambling please contact GambleAware. Each Way Bet Calculator. What is an Each-Way Multi bet? An Each-Way Multi is basically a series of Each-Way bets or legs with the winnings the stake x the dividends of the first leg reinvested into the subsequent leg, and so on until the bet has either resulted in a win or failed due to an unbacked outcome.

Each leg will consist of equal staking on a horse to Win and to Place, with the horse needing to at least Place for the Each-Way multi to remain alive. How is an Each-Way Multi bet payout calculated?