How many places is each way in horse racing?
Any race with less than five runners will be win only, whereby no bets can be placed on a horse each-way. If there are five, six or seven runners in a race, then there are two places available, meaning there is a payout if backed each-way on horses who finish first or second, at 1/4 of the odds.
How many places bet each way?
As a result the majority of bettors usually place each-way bets, which deliver a payout if the horse you pick finishes within a specified amount of places. For handicap races (such as the Grand National) of 16 runners or more, the industry standard is for the bookies to pay four places for each-way bettors.
How many places do bookies pay out on?
Most regular season tournaments will pay out 5 or 6 places, but when it comes to the majors you will often see bookmakers increase this number 7 or even as high as 10 places in total.
How much does a 5 each way bet cost?
Horse Racing. In an each-way bet your stake is doubled, as you are betting on the selection to win, and on the selection to be placed. So a £5 each way bet will cost £10 as the bet is made up of £5 win and £5 place. The place part of the bet will be paid at a fraction of the win price.
When should you back a horse each way?
In general, the punter has an advantage over the each-way bookmaker in fields ‘Of eight to 12 runners if he backs each-way horses quoted at 7/1 or shorter for the win. The shorter the win price, the greater the advantage for a place. Before you bet each-way, do your sums.
When should you go each way?
Consider an each-way bet when: You are not 100% confident your selection will win, but you feel good about its chances of placing. Alternatively, you can consider placing a simple place bet. If a horse comes at high odds, but you still feel it can win or place.
What is the difference between win and each way?
The Difference Between Each Way And A Place Bet. With an Each Way (EW) bet, half of your stake goes on a win, and half of it goes on a place. If the horse wins both bets win, but if the horse comes second or third, then the win bet loses but the place pays.