One bet is for the horse to win win bet and the second is for the horse to place place bet. When you bet each way, you have two bets; one for the horse to finish first, and a second bet for the horse to finish in the top four or five varies according to by race.
All three can be found in this example screenshot from Ladbrokes. We explain each in more depth below. These are shown for each horse on the right. These are shown in the top right 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. To know on which odds you could place a Bet, come check out our selection of betting sites! If the horse wins the race, then both bets win.
The winnings can be calculated by adding the winnings of the two bets together. The winnings can be calculated by taking the original odds and applying the each way fraction. Work out your winnings with our each way bet calculator. Example One.
The horse finishes 1st. Example Two. The horse finishes 2nd. Example Three. The horse finishes 4th. 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. In this article, horse racing has been used, but it is possible to bet each way on a range of sports. Golf is another sport for which this betting technique is popular.
Yes, it is possible to bet each way on an accumulator. Simply click on both the selections. You may also get consolidated Double bet odds. In that case, only click on that. After this, go to your bet slip and type in the stake. With football, the possibilities are endless. You can combine a number of selections and place a Double Bet on them.
Conversely, you can retain the first selection and bet on Manchester United to draw against Arsenal. All you have to do is select both the markets, head to your bet slip, and type in your stake. Also, you can always place a Double Bet in the Outright market.
Trivia: The oldest Grand Slam is the Wimbledon, first founded in Click here to know more about the best tennis betting sites and what should you expect from them. Free to play. Only one game may be played at any given time. Answer 12 questions and money left in the pot after all the questions are answered is yours to keep.
Rewards valid for 7 days. Free bets must be placed at min odds of 1. Exchange free bet limited to certain markets. Payment restrictions apply. You can only take part using one account. If you have been excluded via email or otherwise by Betfair from taking part in sportsbook promotions, you will not qualify for this promotion.
Applies to pre-match singles in the Win-Draw-Win market only. Applies to all online, mobile, phone, and text bets. New customer offer. Exchange bets excluded. Get your single bets paid out if the team you back goes 2 goals ahead - for multiple bets, the selection will be marked as a winner with bet Applies to pre-match single and multiple bets on the standard Full Time Result market for applicable competitions.
Only available to new and eligible customers. The most tangible upside of placing a Double Bet is the potential for a higher pay-out, courtesy of the combined odds. Also, you can hope to back two selections that might be low-value, and still rake in the moolah. You are confident that both these selections will turn up in your favour. When you think about how to work out Double Bet odds, there is an easy equation that you can use.
While you can always use this formula and multiply it with your stake to arrive at the returns, you can also choose not to do such heavy lifting. Simply use an online Double Bet calculator before you place the wager. This is undoubtedly the most straightforward way to calculate your winnings. It is the simplest form of accumulator bet that punters can use to pile up the winnings.
Here, you back the outcomes of two distinctly separate events. You win the bet only if both the selections come through as predicted. You win big, thanks to the combined odds on your selections. You also have the flexibility to back two low-favourite selections. You can place this bet on almost all single sports betting markets.
In the event of a double dead heat you should enter 2, and in the unlikely event of a triple dead heat you should enter 3. Places - the number of places being offered by your bookmaker for the event in which your selection is taking part.
Position - the finishing position for the dead heat. If the dead heat is for first then you should enter 1, if the dead heat is for second then you should enter 2, etc. Total - the number of joint favourites, more accurately termed co-favourites if there are more than two. Winners - the number of favourites that won the race.
This will normally be 1, since a value of 0 would indicate that your selection did not win. This value will only exceed 1 if joint favourites are involved in a dead heat for first place. Note: These options are only relevant if you have backed the Unnamed Favourite to win, when more than one favourite has been declared. Double Bet Calculator Settings. Bet Options.
Stake minimum: 0. Each Way No Yes. Taking the above example, if both selections won you would make:. This kind of bet provides a good way of hedging your bets while offering the opportunity of a handsome profit should one or both of your selections win. A real sickener. To win big money, every horse in a multiple bet has to win. I actually think each way multiple bets are poor value. I prefer to do several seperate each way bets.
More outlay, but far less risk. Many moons ago I places an each-way double bet after being informed that these are the bets that bookmakers hated to take. Surprisingly both selections won. Being an independent bookmaker I had no redress, Miserably I took the meagre winnings after making a complaint. On getting home I calculated that only the place section of the bet had been honoured. When I spoke to a bookmaker of one of the Big Four I was told that this indeed was the correct way to calculate each-way doubles by concentrating upon the place element only.
That is an interesting one. I would have thought that if both selections won you should have been paid for the win element and the place element. I think the bookie made a mistake there. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Non-runners When there is small field and in the case of non-runners the rules are a little different. Kind regards, Dan Reply. Hi Andrew, That is an interesting one.
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