Generally, there isn't much variation in each way terms amongst bookmakers as each way terms are dictated by the type of race and number of runners but some bookies do offer either extra places or enhanced place odds on some races.
Each Way Betting
Remember that an Each Way bet is 2 bets, thus costing double the stake you enter.
Each Way Betting Explained
In case you've arrived here looking for an each way bet explanation.
In each way betting [often wrongly referred to as Win and Each Way] your stake is doubled as you are placing, in effect 2 separate bets combined
The 2 bets are in fact 'Win' and 'Place' bets:
- 1 x Win bet
- 1 x Place bet
So a £5 EW bet, has a cost of £10.
Each Way Odds
| No. of Runners (at the off) | Race Type | Place Terms |
| 2 - 4 | All Races | Win Only |
| 5 - 7 | All Races | 1/4 1st 2 |
| 8 - 11 | All Races | 1/5 1st 3 |
| 12 - 15 | Handicap | 1/4 1st 3 |
| 12+ | Non Handicap | 1/5 1st 3 |
| 16+ | Handicap
| 1/4 1st 4
|
If your horse comes first, you will be paid both the "Win" and "Place" part of your bet.
But if your horse comes 2nd (or 3rd or 4th depending on how many places are paid) then you will get paid at either a 1/4 or 1/5th of the odds for you place stake, depending onthe each way terms for the race.
Which bookies offer more than 4 places on big races?
In 16+ runner handicaps the standard each way terms are 4 places 1/4 odds but the higher theprofile the race the more likely you are to see some bookmakers offering 5 places, or less commonly 6 places on each way bet.
In theseraces the extra place is nearly always given whilst maintaining the place terms of 1/4 the odds.
Bet365, Paddy Power, Betfair and BetVictor are normally the most reliable with offering an extra place in this sort of race.
Which bookies offer 4 places instead of 3 places for each way bets?
It is becoming more common for some bookies to offer 4 places in handicaps that have just short of 16runners, when the usual place terms would be 3 places 1/4 odds.
Look for an angle to exploit the place terms
This isn't necessarily an advantage if you can only see one or two dangers but if you are simply looking for a horse to outrunits odds it can be great to take advantage of this.
Paddy Power, Ladbrokes and Coral are usually first to offer this extra place.
Which bookies offer enhanced place odds on each way bets?
If a handicap has less than 12 runners the place odds will switch from 1/4 odds to 1/5 of the odds but you'll find many bookies are willing to offer 1/4 odds 3 places even when there are as few as 8 runners.
It might not seem much but it can make a fairly big difference on some bets.
For example £10 each way on a 16/1 shot that places at 1/5 odds will only pay £42 whilst at 1/4 odds it pays £50.
That's almost 20% more winnings!
Bet365 are normally first to offer 1/4 odds 3 places when other bookies are offering just the standard terms of 1/5 odds 3 places.
Difference between 1/4 odds to 1/5 of the odds
It might not seem much but it can make a fairly big difference on some bets.
Each Way Accumulator
One huge frustration for a new punter is putting together 4 or 5 runners in an Each Way Accumulator, getting maybe 2 or 3 winners, and places with the other pair, and getting a false understanding that the payout should be much larger than what is returned.
Again what should be understood with the Each Way Accumulator is that there are again, 2 separate bets
- 1 x Win Accumulator
- 1 x Place accumulator
As soon as any runner doesn't win, the Win Accumulator is a losing bet
The place accumulator may have been a sucess but it is often forgotten that win odds do not count in the place part.
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