What is an Each Way Bet?

Definition: An each way bet is two bets of equal stake on one selection: one to win and one to place, i.e. finish in one of the top positions. It is common in horse racing and golf.

How it works:

A €10 each way bet costs €20 in total.
If the selection wins, both the win and the place parts pay.
If it only places, the place part pays and the win part loses.

Each way terms: the sportsbook sets the number of places that count and the fraction of the odds paid on the place part, e.g. 1/4 or 1/5 of the win odds.

For operators: each way terms are configured per race or tournament and must be shown clearly on the event page and in the bet slip.

Back to Glossary

Related Terms

Esports Betting

Esports betting is betting on competitive video game matches and tournaments, offered in the sportsbook alongside traditional sports.

Virtual Sports

Virtual sports are computer-simulated sports events, such as football, horse racing or tennis, with outcomes generated by an RNG and shown as animation.

BTTS (Both Teams to Score)

BTTS (Both Teams to Score) is a football market on whether each side scores at least one goal during the match.

Double Chance / Draw No Bet

Double chance and draw no bet (DNB) are football markets that change how a draw affects the bet.

let's do business